Thoroughbred Horsemen's Associationsinc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521924509 ✦ Stevenson, MD ✦ Designated as a 501(c)(6)

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Overview

What is Thoroughbred Horsemen's Associationsinc?

Thoroughbred Horsemen's Associationsinc is a nonprofit organization headquartered in Stevenson, Maryland. Their primary mission is to enhance the business conditions for thoroughbred horsemen and their employees, as well as foster better relations among various state thoroughbred associations. By contributing to the improvement of the thoroughbred horse racing industry, they aim to create a more favorable environment for all involved parties. This nonprofit organization operates with the vision of bettering the thoroughbred racing industry as a whole.

Is Thoroughbred Horsemen's Associationsinc legitimate?

Thoroughbred Horsemen's Associationsinc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Thoroughbred Horsemen's Associationsinc 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: $140,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Thoroughbred Horsemen's Associationsinc?

The Thoroughbred Horsemen's Associationsinc has a mission to enhance business conditions for thoroughbred horsemen and their employees. Additionally, the association aims to foster better relationships among state thoroughbred associations. In terms of contributing to the industry, the mission of Thoroughbred Horsemen's Associationsinc is focused on improving the thoroughbred horse racing industry as a whole. This is achieved by working towards improved business conditions for horsemen and their employees, as well as strengthening relationships within the state associations.

Who is the CEO of Thoroughbred Horsemen's Associationsinc?

Alan Foreman is the Director of Thoroughbred Horsemen's Associationsinc. The CEO's salary of Thoroughbred Horsemen's Associationsinc is $140,000 and their total compensation is $140,000.

What is the revenue of Thoroughbred Horsemen's Associationsinc?

Thoroughbred Horsemen's Associationsinc's revenue in 2022 was $380,425.

Who are the executives of Thoroughbred Horsemen's Associationsinc and what are their salaries?

There 14 volunteers at Thoroughbred Horsemen's Associationsinc.


Here are 15 key members and their salaries (Thoroughbred Horsemen's Associationsinc's CEO's salary is $140,000 and their total compensation is $140,000):


Andy Belfiore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bessie Gruwell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Block (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mccaffrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Drazin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Matty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Orseno (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Appelbaum (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Musto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Debunda (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Keefe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Ritchey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Alempijevic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Foreman Esq (Ceo)
  • Compensation: $140,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Thoroughbred Horsemen's Associationsinc?

Thoroughbred Horsemen's Associationsinc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Thoroughbred Horsemen's Associationsinc

The Thoroughbred Horsemen's Association aims to contribute positively to the thriving of the thoroughbred horse racing industry. This nonprofit organization strives to enhance business conditions for thoroughbred horsemen and their employees while fostering better relationships amongst state thoroughbred associations. The primary objective of the Thoroughbred Horsemen's Association is to improve the overall well-being of the thoroughbred horse racing industry.

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Impact




October, 2024

Thoroughbred Horsemen's Associationsinc actively enhances the business conditions for Thoroughbred horsemen and their employees, fostering better working environments and improved economic opportunities within the industry. By encouraging collaboration among state Thoroughbred associations, it facilitates strengthened relationships that contribute to a more cohesive and supportive community for those involved in horse racing. This focus on improving business conditions not only benefits individual horsemen but also plays a crucial role in the overall advancement of the Thoroughbred horse racing industry. Through these initiatives, the organization promotes community improvement, ensuring a positive impact on the livelihood of those connected to this dynamic sector.




This information is meant to be a general summary of Thoroughbred Horsemen's Associationsinc. 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.

Revenue
$380,425 (2022)
Expenses
$299,566 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $64
  • Program Service Revenue: $380,361
  • Gross Receipts: $380,425

Assets and Liabilities:

  • Total Assets: $314,493
  • Total Liabilities: $0
  • Net Assets: $314,493

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$380,361

Organization Details

Founding Year

1995

Principal Officer

Alan Foreman

Main Address

PO BOX 278 10421 STEVENSON ROAD, STEVENSON, MD, 21153

NTEE Category

Code: S41 - Community improvement

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