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Nonprofiteer
← PTHA CHARITIES INC

Form 990 for tax year 2023

Filed by PTHA CHARITIES INC.

Totals

Total revenue
$18,064
Total expenses
$25,722
Contributions and grants received
$18,064
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$57,850
Total liabilities, end of year
$917
Net assets or fund balances, end of year
$56,933
Program services expenses (Part IX)
$25,722
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,722

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $18,064

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: BACKSTRETCH

    total $17,109 · program services $17,109

  • 24b · Other expenses: SCHOLARSHIPS

    total $8,453 · program services $8,453

  • 24c · Other expenses: BUSINESS REGISTRATION

    total $115 · program services $115

  • 24d · Other expenses: SUPPLIES

    total $45 · program services $45

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,591 · end of year $57,850

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $917

  • 27 · Net assets without donor restrictions

    beginning of year $64,591 · end of year $56,933

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF GRANTS TO STABLE EMPLOYEES OF ANY THOROUGHBRED RACE TRACK IN EASTERN PENNSYLVANIA WHO ARE IN NEED OF AID DUE TO EMERGENCY HARDSHIP SUCH AS SERIOUS ILLNESS, ACCIDENTIAL INJURY, DEATH, VIOLENT CRIME, LOSS OF HOME, NATURAL DISASTER, ETC., AND TO PROVIDE FOR SCHOLARSHIPS FOR HIGHER EDUCATION AND VOCATIONAL TRAINING FOR SUCH PERSONS AT EDUCATIONAL INSTITUTIONS THAT QUALIFY UNDER 501(C)(3) OF THE CODE.

Activities or mission (Part I)

TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF GRANTS TO STABLE EMPLOYEES OF ANY THOROUGHBRED RACE TRACKS IN EASTERN PENNSYLVANIA WHO ARE IN NEED OF AID DUE TO EMERGENCY HARDSHIP SUCH AS SERIOUS ILLNESS, ACCIDENTIAL INJURY, DEATH, VIOLENT CRIME, LOSS OF HOME, NATURAL DISASTER, ETC., AND TO PROVIDE FOR SCHOLARSHIPS FOR HIGHER EDUCATION AND VOCATIONAL TRAINING FOR SUCH PERSONS AT EDUCATIONAL INSTITUTIONS THAT QUALIFY UNDER 501(C)(3) OF THE CODE.

  • GRANTS TO STABLE EMPLOYEES OF THOROUGHBRED RACE TRACKS IN EASTERN PENNSYLVANIA

    Expenses $17,269 · Revenue $18,064

  • PROVIDED A SCHOLARSHIP TO 9 STABLE EMPLOYEE

    Expenses $8,453

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey A Matty Jr

    EXECUTIVE DIRECTOR/SECRETA

    Total calculated
    $267,725
    From this org
    $0
    From related orgs
    $243,527
    Other
    $24,198
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,527 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,606 related
    Nontaxable benefits
    $0 + $12,592 related
    Filer's total
    $0 + $267,725 related

  • Edward Coletti Jr

    DIRECTOR

    Total calculated
    $34,842
    From this org
    $0
    From related orgs
    $0
    Other
    $34,842
    Hours/week
    1

  • John C Servis

    DIRECTOR

    Total calculated
    $34,146
    From this org
    $0
    From related orgs
    $0
    Other
    $34,146
    Hours/week
    1

  • Kathleen Demasi

    VICE PRESIDENT

    Total calculated
    $23,957
    From this org
    $0
    From related orgs
    $0
    Other
    $23,957
    Hours/week
    1

  • Jack Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Asensio

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Scott Lake

    DIRECTOR

    Total calculated
    $32,203
    From this org
    $0
    From related orgs
    $0
    Other
    $32,203
    Hours/week
    1

  • Robert Hutt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert E Reid Jr

    DIRECTOR

    Total calculated
    $27,045
    From this org
    $0
    From related orgs
    $0
    Other
    $27,045
    Hours/week
    1

  • John Fanelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Julia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HORSEMEN'S PURCHASING ASSOC INC

    C · SELLS HORSE PRODUCTS · PA

    Directly controlled by PA THOROUGHBRED HORSEMEN'S ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349318454

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