Overview
What is The Hambletonian Society Inc?
The Hambletonian Society Inc, established in 1924, is a New Jersey-based nonprofit organization with a mission to support and encourage the breeding of Standardbred horses. They accomplish this goal by sponsoring and servicing various stakes and special events. With a team of six dedicated individuals, they have been making a significant impact in the Standardbred horse community for nearly a century.
Official website here: www.hambletonian.org
What do the Facebook reviews say about The Hambletonian Society Inc?
88% of the 17 reviewers on Facebook recommend The Hambletonian Society Inc. The comments reflect a positive enthusiasm about participating in the races, highlighting that it is considered a great event to be involved in. Many express a hopeful sentiment about eventually achieving victory, indicating that the competition inspires excitement and ambition.
Overall, participants seem to appreciate the experience provided by the society. The sense of community and the thrill of the race contribute to a favorable impression, suggesting that the nonprofit effectively engages its audience and fulfills its mission within the racing community.
This AI summary has been generated from reviews found on Facebook.
Is The Hambletonian Society Inc legitimate?
The Hambletonian Society Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Hambletonian Society 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: $0
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Other Salaries and Wages: $472,736
For more financial information, click here
Official website here: www.hambletonian.org
What is the mission statement of The Hambletonian Society Inc?
The Hambletonian Society Inc, established in 1924, is a non-profit organization dedicated to the breeding of Standardbred horses. Through sponsoring and servicing races and special events, the Society promotes and encourages the breeding of these horses. The mission of The Hambletonian Society is to support the Standardbred horse community by organizing and funding various competitions and events. The Society's efforts aim to foster the growth and development of the Standardbred breed, ensuring its continued success and popularity. By providing opportunities for racing and competition, The Hambletonian Society contributes to the excitement and enthusiasm surrounding Standardbred horses, ultimately benefiting both the horses and their devoted fans.
Official website here: www.hambletonian.org
Who is the CEO of The Hambletonian Society Inc?
John Campbell is the Executive Vp of The Hambletonian Society Inc. The CEO's salary of The Hambletonian Society Inc is $210,000 and their total compensation is $217,000.
Official website here: www.hambletonian.org
What is the revenue of The Hambletonian Society Inc?
The Hambletonian Society Inc's revenue in 2022 was $19,197,276.
Official website here: www.hambletonian.org
Who are the executives of The Hambletonian Society Inc and what are their salaries?
The average compensation at The Hambletonian Society Inc during 2022 was $78,789. There are 6 employees at The Hambletonian Society Inc.
Here are 29 key members and their salaries (The Hambletonian Society Inc's CEO's salary is $210,000 and their total compensation is $217,000):
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Official website here: www.hambletonian.org
Where can I find the form 990 for The Hambletonian Society Inc?
The Hambletonian Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hambletonian.org
Learn more at the official website: www.hambletonian.org
Mission Statement of The Hambletonian Society Inc
The Hambletonian Society Inc, established in 1924, is a renowned non-profit organization dedicated to the breeding of Standardbred horses. Through its mission, the Society encourages and supports this noble pursuit by sponsoring and servicing various stakes and special events. By doing so, it fosters the growth and development of the Standardbred horse community.
At the heart of The Hambletonian Society Inc's endeavors lies its commitment to the Standardbred horse breed. The organization's primary role is to sponsor and service stakes and special events, which serves as a platform to promote the breeding of these magnificent horses. With its unwavering support, the Society plays a significant role in enhancing the prestige of Standardbred horses and their racing industry.
Moreover, The Hambletonian Society Inc's involvement in stakes and special events extends beyond simply organizing them. Its role is multifaceted and includes providing essential resources and services to make these events successful. By sponsoring these events, the Society ensures that they attract top-tier competitors and inspire excellence within the Standardbred horse community. Through its commitment to encouraging and supporting the breeding of Standardbred horses, The Hambletonian Society Inc continues to make a profound impact on the racing industry and the breed itself.
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Impact
October, 2024
The Hambletonian Society Inc has a significant impact on the Standardbred horse racing industry by fostering a culture of excellence in breeding and competition. Founded in 1924, it plays a vital role in sponsoring the prestigious Hambletonian Stakes and other important events, promoting both the sport and the breed itself.
By organizing and servicing stakes races, the Society provides opportunities for breeders, owners, and trainers to showcase their horses. This not only enhances the visibility of Standardbreds but also encourages investments in breeding programs, which can lead to improved genetic stock and overall quality within the breed.
Additionally, their commitment to special events creates a vibrant community around harness racing, drawing enthusiasts and participants from across the country. This engagement helps to maintain tradition while also bringing innovation to the sport, ensuring its relevance in an evolving recreational landscape. Through these efforts, the Hambletonian Society fosters a sustainable future for Standardbred racing, benefitting both the horses and those involved in the industry.
This information is meant to be a general summary of The Hambletonian Society 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: $165,533
- Program Service Revenue: $18,987,792
- Gross Receipts: $19,212,552
Assets and Liabilities:
- Total Assets: $5,850,271
- Total Liabilities: $4,370,332
- Net Assets: $1,479,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAKES MONIES EARNED
Revenue
$17,614,442
HOST FACILITY FEES
Revenue
$900,000
STALLION PROMOTION FEES
Revenue
$186,331
STAKES SERVICING FEES
Revenue
$173,750
SIMULCASTING
Revenue
$113,269
Organization Details
Founding Year
1949
Phone
(609) 371-2211Principal Officer
John Campbell
Main Address
MR JOHN CAMPBELL, CRANBURY, NJ, 085123174
Website
www.hambletonian.orgNTEE Category
Code: N60 - Recreation
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