Overview
What is Thoroughbred Breeders' Association?
The Thoroughbred Breeders' Association, situated in W Long Branch, New Jersey, is a distinguished nonprofit organization with a sole focus on promoting and enhancing the breeding and ownership of thoroughbred horses in the state. They distribute awards to breeders, stallion owners, and owners of registered New Jersey-bred horses who finish first, second, or third in open or restricted races. With a mission to foster the thoroughbred breeding industry in New Jersey, the association engages in various programs aimed at encouraging and improving the breeding of these horses. The organization, led by a team of one dedicated individual, plays a significant role in the thoroughbred community in New Jersey.
Official website here: www.njbreds.com
Is Thoroughbred Breeders' Association legitimate?
Thoroughbred Breeders' Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. Thoroughbred Breeders' Association 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,088
For more financial information, click here
Official website here: www.njbreds.com
What is the mission statement of Thoroughbred Breeders' Association?
The Thoroughbred Breeders' Association aims to advance and enhance the thoroughbred breeding industry. Their mission involves promoting and fostering the breeding of thoroughbred horses. They engage in programs designed to encourage and improve the breeding of these horses. One of their key activities is distributing breeder's awards to breeders, stallion owners, and owners of registered horses that finish first, second, or third in races. These initiatives are all geared towards supporting and growing the thoroughbred breeding sector.
Official website here: www.njbreds.com
Who is the CEO of Thoroughbred Breeders' Association?
Michael Campbell is the Trustee of Thoroughbred Breeders' Association.
Official website here: www.njbreds.com
What is the revenue of Thoroughbred Breeders' Association?
Thoroughbred Breeders' Association's revenue in 2022 was $1,881,048.
Official website here: www.njbreds.com
Who are the executives of Thoroughbred Breeders' Association and what are their salaries?
The average compensation at Thoroughbred Breeders' Association during 2022 was $97,088. There is 1 employee at Thoroughbred Breeders' Association.
Here are 7 key members and their salaries:
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Official website here: www.njbreds.com
Where can I find the form 990 for Thoroughbred Breeders' Association?
Thoroughbred Breeders' Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njbreds.com
Learn more at the official website: www.njbreds.com
Mission Statement of Thoroughbred Breeders' Association
The Thoroughbred Breeders' Association, a notable organization, is dedicated to promoting and fostering the thoroughbred horse breeding industry within New Jersey. Its mission is multifaceted, encompassing various programs aimed at encouraging and enhancing the breeding of thoroughbred horses within the state. The association actively works towards advancing the thoroughbred breeding sector in New Jersey, demonstrating a strong commitment to this industry.
One of the methods the Thoroughbred Breeders' Association employs to achieve its mission is by distributing breeder's awards. These awards are given to breeders, stallion owners, and the owners of registered New Jersey-bred horses that finish first, second, or third in open or restricted races. This practice not only recognizes the achievements of these individuals but also incentivizes continued investment and dedication to thoroughbred horse breeding in New Jersey.
In summary, the Thoroughbred Breeders' Association is an organization that plays a significant role in the thoroughbred horse breeding industry in New Jersey. Its mission involves promoting and furthering this industry through various programs, and it rewards breeders, stallion owners, and horse owners for their achievements in open and restricted races. This association's efforts contribute to the encouragement and improvement of thoroughbred horse breeding in the state.
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Impact
October, 2024
The Thoroughbred Breeders' Association significantly enhances the thoroughbred breeding and ownership landscape in New Jersey. By distributing breeder's awards to breeders, stallion owners, and owners of registered New Jersey-bred horses that finish among the top three in various races, the association incentivizes quality breeding practices and promotes competitive excellence. This support not only encourages breeders to invest in their practices, but it also fosters a robust breeding culture that can attract newcomers to the industry.
Additionally, the association's commitment to improving and encouraging thoroughbred breeding ensures a thriving equestrian environment, which contributes to the state's economic growth, tourism, and agricultural sectors. Through its targeted programs, the Thoroughbred Breeders' Association plays a vital role in sustaining and advancing the thoroughbred industry in New Jersey, ultimately enriching the community and supporting local economies.
This information is meant to be a general summary of Thoroughbred Breeders' Association. 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: $2,632
- Program Service Revenue: $1,822,386
- Gross Receipts: $1,881,048
Assets and Liabilities:
- Total Assets: $1,160,741
- Total Liabilities: $96,899
- Net Assets: $1,063,842
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF NJ RACING COM
Revenue
$1,801,136
NJ THOROUGHBRED FESTIV
Revenue
$12,500
REGISTRATION
Revenue
$8,750
Organization Details
Founding Year
1945
Phone
(732) 542-8880Principal Officer
Michael Campbell
Main Address
265 HIGHWAY 36 1R, W LONG BRANCH, NJ, 07764
Website
www.njbreds.comNTEE Category
Code: K20 - Food
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