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← PTHA CHARITIES INC

Form 990 for tax year 2024

Filed by PTHA CHARITIES INC.

Totals

Total revenue
$55,537
Total expenses
$40,053
Contributions and grants received
$54,872
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$665
Total assets, end of year
$72,787
Total liabilities, end of year
$370
Net assets or fund balances, end of year
$72,417
Program services expenses (Part IX)
$36,802
Management and general expenses
$3,251
Fundraising expenses
$0
Program service expenses (Part III)
$36,802

Program services were 91.9% 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

    $54,872

  • 8a · Fundraising events: gross income

    $1,540

  • 8b · Fundraising events: direct expenses

    $875

  • 8c · Net income from fundraising events

    total $665 · excluded $665

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,251 · management and general $3,251

  • 24a · Other expenses: BACKSTRETCH

    total $26,448 · program services $26,448

  • 24b · Other expenses: SCHOLARSHIPS

    total $10,258 · program services $10,258

  • 24c · Other expenses: SUPPLIES

    total $66 · program services $66

  • 24d · Other expenses: BUSINESS REGISTRATION

    total $15 · program services $15

  • 24e · All other expenses

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,850 · end of year $72,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $917 · end of year $370

  • 27 · Net assets without donor restrictions

    beginning of year $56,933 · end of year $72,417

Mission and programs · 2024

Mission

TO PROVIDE ESSENTIALS, EDUCATION AND EXPERIENCES TO STABLE EMPLOYEES AND THEIR FAMILIES WHO CALL PARX RACING HOME.

  • TO PROVIDE ESSENTIALS, EDUCATION AND EXPERIENCES TO STABLE EMPLOYEES AND THEIR FAMILIES WHO CALL PARX RACING HOME.

    Expenses $26,544 · Revenue $54,872

  • PROVIDED A SCHOLARSHIP TO STABLE EMPLOYEES AND THEIR CHILDREN.

    Expenses $10,258

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey A Matty Jr

    EXECUTIVE DIRECTOR/SECRETA

    Total calculated
    $263,431
    From this org
    $0
    From related orgs
    $233,400
    Other
    $30,031
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,670 related
    Nontaxable benefits
    $0 + $18,361 related
    Filer's total
    $0 + $263,431 related

  • Edward Coletti Jr

    DIRECTOR

    Total calculated
    $37,188
    From this org
    $0
    From related orgs
    $0
    Other
    $37,188
    Hours/week
    1

  • John C Servis

    DIRECTOR

    Total calculated
    $31,284
    From this org
    $0
    From related orgs
    $0
    Other
    $31,284
    Hours/week
    1

  • Kathleen Demasi

    VICE PRESIDENT

    Total calculated
    $25,976
    From this org
    $0
    From related orgs
    $0
    Other
    $25,976
    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
    $36,359
    From this org
    $0
    From related orgs
    $0
    Other
    $36,359
    Hours/week
    1

  • Robert Hutt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert E Reid Jr

    DIRECTOR

    Total calculated
    $32,467
    From this org
    $0
    From related orgs
    $0
    Other
    $32,467
    Hours/week
    1

  • John Fanelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Julia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Mangini

    DIRECTOR OF OPERATIONS

    Total calculated
    $146,824
    From this org
    $0
    From related orgs
    $111,005
    Other
    $35,819
    Hours/week
    1

  • Victor Collazo

    DIRECTOR OF FINANCE & ACCOUNTING

    Total calculated
    $179,988
    From this org
    $0
    From related orgs
    $145,006
    Other
    $34,982
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $145,006 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,982 related
    Filer's total
    $0 + $179,988 related

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
PTHA CHARITIES EXECUTIVE DIRECTOR IS ON THE PAYROLL OF A RELATED ORGANIZATION, PENNSYLVANIA THOROUGHBRED HORSEMEN'S ASSOCIATION (PTHA), WHICH HAS A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513219349317536

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