Thoroughbred Breeders Association Of New Jersey
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 1
- Location
- W Long Branch, NJ
- Founding
- 06/1948
- Data as of
- 12/2022
- EIN
- 21-6001631
Organization Overview
Thoroughbred Breeders Association Of New Jersey is located in W Long Branch, NJ. The organization was established in 1948. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoroughbred Breeders Association Of New Jersey is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Thoroughbred Breeders Association Of New Jersey generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE BREEDING AND OWNERSHIP OF THOROUGHBRED HORSES IN THE STATE OF NEW JERSEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE BREEDER'S AWARDS TO BREEDERS, STALLION OWNERS AND OWNERS OF REGISTERED NEW JERSEY-BRED HORSES FINISHING FIRST, SECOND OR THIRD IN OPEN OR RESTRICTED RACES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mildred Fleming Trustee | OfficerTrustee | 5 | $0 |
Lawrence Fleming Treasurer | OfficerTrustee | 5 | $0 |
Judith Batcha Vice President | OfficerTrustee | 5 | $0 |
Joe Coles Trustee | Trustee | 5 | $0 |
Janet Laszlo Secretary | Trustee | 5 | $0 |
Rory Huston President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,845 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,845 |
| Total Program Service Revenue | $1,822,386 |
| Investment income | $2,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,881,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,088 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $9,600 |
| Payroll taxes | $7,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,583 |
| Fees for services: Accounting | $19,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,594 |
| Office expenses | $1,381 |
| Information technology | $2,195 |
| Royalties | $0 |
| Occupancy | $19,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,956 |
| All other expenses | $7,712 |
| Total functional expenses | $1,989,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,402 |
| Savings and temporary cash investments | $4,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $968,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,983 |
| Total assets | $1,160,741 |
| Accounts payable and accrued expenses | $74,616 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,283 |
| Total liabilities | $96,899 |
| Net assets without donor restrictions | $302,724 |
| Net assets with donor restrictions | $761,118 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,160,741 |