Nj Thoroughbred Horsemen Charitable Organization is located in Oceanport, NJ. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Thoroughbred Horsemen Charitable Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, NJ Thoroughbred Horsemen Charitable Organization generated $41.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $32.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AN ENVIRONMENT OF HUMANE TREATMENT TO THOROUGHBRED HORSES AT CONCLUSION OF THEIR CAREER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Musto President | 10 | $0 | |
John Heims Secretary | 5 | $0 | |
Christopher Samaha Treasurer | 5 | $0 | |
Lizabeth Mosca Executive Director | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $74,300 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $31 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$32,483 |
Other Revenue | $24 |
Total Revenue | $41,872 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $150 |
Other expenses | $6,599 |
Total expenses | $31,999 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $20,620 |
Other assets | $0 |
Total assets | $70,720 |
Total liabilities | $0 |
Net assets or fund balances | $70,720 |