Overview
What is Massachusetts Thoroughbred Breeders Association Inc?
Massachusetts Thoroughbred Breeders Association Inc, abbreviated as MTBA, is a nonprofit organization located at 175 Littleton Road B-10, Chelmsford, MA 01824. The primary mission of MTBA is to promote and support the breeding, ownership, raising, racing, and marketing of thoroughbred horses that are bred and foaled within the Commonwealth of Massachusetts. To achieve this goal, they fund annual stakes races at pari-mutual race meets for the benefit of local horse owners and breeders. The association's activities aim to foster a thriving thoroughbred horse industry in the state.
Official website here: www.massbreds.com
Is Massachusetts Thoroughbred Breeders Association Inc legitimate?
Massachusetts Thoroughbred Breeders Association Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Massachusetts Thoroughbred Breeders Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.massbreds.com
What is the mission statement of Massachusetts Thoroughbred Breeders Association Inc?
The Massachusetts Thoroughbred Breeders Association Inc's mission is centered around promoting the breeding, ownership, raising, and racing of thoroughbred horses that are bred and foaled within the Commonwealth of Massachusetts. Their activities aim to support and foster the growth of these horses, ultimately leading to their marketing and participation in racing events. Each year, they organize stakes races, funded by the association, at pari-mutual race meets, benefiting local horse owners and breeders.
Official website here: www.massbreds.com
Who is the CEO of Massachusetts Thoroughbred Breeders Association Inc?
Donna Pereira is the Chairperson of Massachusetts Thoroughbred Breeders Association Inc.
Official website here: www.massbreds.com
What is the revenue of Massachusetts Thoroughbred Breeders Association Inc?
Massachusetts Thoroughbred Breeders Association Inc's revenue in 2022 was $948,850.
Official website here: www.massbreds.com
Who are the executives of Massachusetts Thoroughbred Breeders Association Inc and what are their salaries?
There 12 volunteers at Massachusetts Thoroughbred Breeders Association Inc.
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Official website here: www.massbreds.com
Where can I find the form 990 for Massachusetts Thoroughbred Breeders Association Inc?
Massachusetts Thoroughbred Breeders Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massbreds.com
Learn more at the official website: www.massbreds.com
Mission Statement of Massachusetts Thoroughbred Breeders Association Inc
The Massachusetts Thoroughbred Breeders Association Inc, in its mission, aims to foster the breeding, ownership, raising, racing, and marketing of thoroughbred horses that are bred and foaled within the Commonwealth of Massachusetts. This nonprofit organization's primary goal is to support and benefit the local horse owners and breeders in the state by organizing annual stakes races, funded by the MTBA, and held at pari-mutual race meets. The Association's activities are geared towards promoting and boosting the thoroughbred horse industry within Massachusetts.
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Impact
October, 2024
The Massachusetts Thoroughbred Breeders Association Inc plays a significant role in promoting the thoroughbred horse industry within the Commonwealth of Massachusetts. By encouraging breeding, ownership, raising, racing, and marketing of thoroughbreds that are bred and foaled in the state, the organization fosters a vibrant local equine community.
Each year, the MTBA facilitates stakes races funded by their initiatives at pari-mutual race meets, directly benefiting local horse owners and breeders. This not only enhances the competitive landscape of horse racing in Massachusetts but also helps to boost the state's economy by supporting agricultural activities and related industries.
Furthermore, the MTBA's efforts contribute to the preservation of equine culture in the region, encouraging participation and interest in thoroughbred ownership and training. Through their initiatives, they help create a sustainable environment for nurturing talent, both in horses and within the community associated with the thoroughbred industry.
This information is meant to be a general summary of Massachusetts Thoroughbred Breeders Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,036
- Program Service Revenue: $944,376
- Gross Receipts: $948,850
Assets and Liabilities:
- Total Assets: $1,511,200
- Total Liabilities: $0
- Net Assets: $1,511,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Breeding and Promotion
Revenue
$944,376
Organization Details
Founding Year
1981
Phone
(978) 421-6237Principal Officer
Donna Pereira
Main Address
175 Littleton Road B-10, Chelmsford, MA, 01824
Website
www.massbreds.comNTEE Category
Code: K20 - Food
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