Form 990 for tax year 2023
Filed by NEW YORK THOROUGHBRED HORSEMENS ASSOCIATION INC.
Totals
- Total revenue
- $3,256,254
- Total expenses
- $3,114,491
- Contributions and grants received
- $0
- Grants paid
- $1,223,692
- Program service revenue
- $3,199,930
- Investment income
- $53,310
- Other revenue
- $3,014
- Total assets, end of year
- $3,493,991
- Total liabilities, end of year
- $102,249
- Net assets or fund balances, end of year
- $3,391,742
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: PURSE COMMISSIONS
total $3,199,930 · related or exempt $3,199,930
-
3 · Investment income
total $89,508 · excluded $89,508
-
7a · Gross sales of assets other than inventory
securities $217,777
-
7b · Less cost or other basis and sales expenses
securities $253,975
-
7c · Gain or loss
securities -$36,198
-
7d · Net gain or loss
total -$36,198 · related or exempt -$36,198
-
11a · Other revenue: MISCELLANEOUS INCOME
total $3,014 · excluded $3,014
-
11e · Other revenue, total
$3,014
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,029,400
-
2 · Grants to domestic individuals
total $194,292
-
7 · Other salaries and wages
total $548,456
-
8 · Pension plan contributions
total $33,863
-
10 · Payroll taxes
total $50,036
-
11b · Fees: legal
total $112,385
-
11c · Fees: accounting
total $72,526
-
11d · Fees: lobbying
total $150,328
-
12 · Advertising and promotion
total $10,285
-
13 · Office expenses
total $15,807
-
17 · Travel
total $68,995
-
22 · Depreciation, depletion and amortization
total $14,775
-
23 · Insurance
total $150,386
-
24a · Other expenses: INDUSTRY AWARENESS
total $169,029
-
24b · Other expenses: LUNCH VOUCHER PROGRAM
total $138,944
-
24c · Other expenses: RECREATION
total $100,477
-
24d · Other expenses: ENGLISH COURSE PROGRAM
total $55,000
-
24e · All other expenses
total $199,507
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $303,321 · end of year $441,763
-
2 · Savings and temporary cash investments
beginning of year $12,479,188 · end of year $2,750,090
-
4 · Accounts receivable
beginning of year $253,953 · end of year $257,753
-
9 · Prepaid expenses and deferred charges
beginning of year $11,202 · end of year $9,741
-
10a · Land, buildings and equipment: cost or other basis
$152,583
-
10b · Land, buildings and equipment: accumulated depreciation
$117,939
-
10c · Land, buildings and equipment, net
beginning of year $36,804 · end of year $34,644
-
17 · Accounts payable and accrued expenses
beginning of year $188,532 · end of year $102,249
-
25 · Other liabilities
beginning of year $9,850,000
-
31 · Retained earnings, endowment or other funds
beginning of year $3,045,936 · end of year $3,391,742
Mission and programs · 2023
Mission
THE ORGANIZATION REPRESENTS THE INTEREST OF THOUSANDS OF NEW YORK HORSE OWNERS AND TRAINERS TO PROVIDE EFFECTIVE LEADERSHIP FOR THE RACING INDUSTRY. ADDITIONALLY, THE ORGANIZATION HAS ESTABLISHED BENEVOLENCE AND EDUCATION PROGRAMS FOR THOSE INDIVIDUALS THAT LIVE AND WORK ON THE BACKSTRETCH OF THE NYRA RACETRACKS AND TRAINING CENTERS.
-
B.E.S.T. - BACKSTRETCH EMPLOYEES SERVICE TEAM - PROVIDES HEALTH AND MEDICAL BENEFITS AND DRUG AND ALCOHOL COUNSELING TO THOSE INDIVIDUALS THAT LIVE AND WORK ON THE BACKSTRETCH OF NYRA RACE TRACKS.
-
RACETRACK CHAPLAINCY - PROVIDES SPIRITUAL GUIDANCE, RUNS RECREATION PROGRAM FOR INDIVIDUALS AND CONDUCTS RELIGIOUS SERVICES TO THOSE INDIVIDUALS THAT WORK AND LIVE ON THE BACKSTRETCH OF NYRA RACE TRACKS.
-
EQUINE RESEARCH - PROVIDING FUNDS TO FURTHER EQUINE AND DRUG RESEARCH IN ORDER TO PROVIDE SAFER RACING IN THE STATE OF NEW YORK.
-
RETIRED AND RETRAINING OF THOROUGHBRED RACEHORSES AS HUNTERS AND JUMPERS AND PLEASURE HORSES.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tina Marie BondTINA MARIE BOND
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
Linda RiceLINDA RICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aron YagodaARON YAGODA
OWNER VP
- Total calculated
- $0
- Hours/week
- 4
-
William AlempijevicWILLIAM ALEMPIJEVIC
EXEC. DIRECT
- Total calculated
- $203,244
- From this org
- $188,905
- From related orgs
- $0
- Other
- $14,339
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $188,905
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,370
- Nontaxable benefits
- $9,969
- Filer's total
- $203,244
-
Dan CollinsDAN COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sanford GaldfarbSANFORD GALDFARB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jennifer WhiteDR JENNIFER WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andy AaronANDY AARON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jena AntonucciJENA ANTONUCCI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David DugganDAVID DUGGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James FerraroJAMES FERRARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John TerranovaJOHN TERRANOVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom BellhouseTOM BELLHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dionne JohnsonDIONNE JOHNSON
BUSINESS MAN
- Total calculated
- $168,409
- From this org
- $144,504
- From related orgs
- $0
- Other
- $23,905
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $144,504
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,667
- Nontaxable benefits
- $17,238
- Filer's total
- $168,409
-
David DonkDAVID DONK
TRAINER VP
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$583,364
BENEVOLENCE, DENTAL
-
$305,000
RETIREMENT & REHAB
-
BENEVOLENCE
-
BELMONT CHILD CARE ASSOCIATION
$24,600
BENEVOLENCE
-
PERMANENTLY DISABLED JOCKEY FUND
$20,000
BENEVOLENCE
-
THOROUGHBRED AFTERCARE ALLIANCE
$20,000
REHAB & RETIREMENT
-
VARIOUS BENEVOLENCE UNDER 5000
$12,436
BENEVOLENCE
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
TAKE2 SECOND CAREER THOROUGHBRED PROGRAM INC
501C3 · EQUINE RET · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442409349300939
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