Overview
What is Nj Thoroughbred Horsemen's Association Inc?
The NJ Thoroughbred Horsemen's Association Inc, headquartered at 175 Oceanport Avenue, Oceanport, New Jersey, represents the interests of thoroughbred horse owners and trainers in the state, with a mission to enhance racing conditions within the thoroughbred industry for the benefit of all horsemen, their employees, and related organizations. They primarily derive their revenue from New Jersey horse racing tracks, advocating on behalf of their members before government agencies and working to manage New Jersey thoroughbred racetracks. NJTHA's goal is to promote the common business interests of the thoroughbred sport in New Jersey.
Is Nj Thoroughbred Horsemen's Association Inc legitimate?
Nj Thoroughbred Horsemen's Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nj Thoroughbred Horsemen's 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $195,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nj Thoroughbred Horsemen's Association Inc?
The Nj Thoroughbred Horsemen's Association Inc represents the interests of thoroughbred horse owners and trainers in New Jersey, with a focus on enhancing racing conditions within the industry for the benefit of all horsemen and their employees. They advocate for the common business interests of their members, engaging with various government agencies, managing thoroughbred racetracks, and other industry-related organizations. The Association primarily generates revenue from New Jersey horse racing tracks.
Who is the CEO of Nj Thoroughbred Horsemen's Association Inc?
Michael Musto Exec Dir is the President of Nj Thoroughbred Horsemen's Association Inc.
What is the revenue of Nj Thoroughbred Horsemen's Association Inc?
Nj Thoroughbred Horsemen's Association Inc's revenue in 2022 was $6,386,544.
Who are the executives of Nj Thoroughbred Horsemen's Association Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $195,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nj Thoroughbred Horsemen's Association Inc?
Nj Thoroughbred Horsemen's Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nj Thoroughbred Horsemen's Association Inc
The Nj Thoroughbred Horsemen's Association Inc is a prominent organization dedicated to representing the interests of thoroughbred horse owners and trainers in New Jersey. With a mission to enhance racing conditions in the thoroughbred industry, this association advocates for the common business interests of its members before various government agencies, race tracks, and related organizations. The Nj Thoroughbred Horsemen's Association Inc generates almost all of its revenue from thoroughbred horse racing tracks in the state.
In more detail, this nonprofit body serves as the voice for thoroughbred horse owners and trainers in New Jersey, working diligently to improve racing conditions and promote the overall well-being of the sport. By advocating for the common interests of its members, the Nj Thoroughbred Horsemen's Association Inc ensures that the thoroughbred racing industry remains healthy and thriving in the state. The association's efforts extend beyond individual interests, as it strives to foster a collaborative and supportive environment for horsemen and their employees.
Moreover, the Nj Thoroughbred Horsemen's Association Inc plays an integral role in various decision-making processes, engaging with government agencies, race tracks, and industry organizations to shape policies that benefit the thoroughbred racing community. This commitment to representation and advocacy ultimately contributes to the long-term success and sustainability of thoroughbred horse racing in New Jersey.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The NJ Thoroughbred Horsemen's Association (NJTHA) plays a crucial role in advocating for the interests of Thoroughbred owners and trainers in New Jersey. By working to improve racing conditions, NJTHA not only enhances the welfare of equine athletes, but also supports the livelihoods of those involved in the industry, including trainers, caretakers, and other related personnel.
Through effective representation in matters before government agencies and racetrack management, the NJTHA strives to create a favorable environment for horse racing, ensuring that the sport remains viable and competitive. By fostering collaboration among stakeholders, the association promotes the common business interests of its members, leading to a healthier racing ecosystem.
The organization’s efforts directly contribute to the economic vitality of the New Jersey horse racing industry, which has a ripple effect on local economies, employment opportunities, and community engagement. Overall, the NJTHA's impact is felt not only within the racing community but also across the broader New Jersey landscape, reinforcing the significance of Thoroughbred racing in the state's culture and economy.
This information is meant to be a general summary of Nj Thoroughbred Horsemen's 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.
- Gross Receipts: $6,386,544
Assets and Liabilities:
- Total Assets: $11,717,110
- Total Liabilities: $64,480,917
- Net Assets: -$52,763,807
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1988
Phone
(732) 222-8081Principal Officer
Michael Musto Exec Dir
Main Address
175 OCEANPORT AVENUE, OCEANPORT, NJ, 07757
NTEE Category
Code: D03 - Animals
If you are a representative of Nj Thoroughbred Horsemen's Association Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.