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Nonprofiteer
← NEW YORK THOROUGHBRED HORSEMENS ASSOCIATION INC

Form 990 for tax year 2022

Filed by NEW YORK THOROUGHBRED HORSEMENS ASSOCIATION INC.

Totals

Total revenue
$3,325,713
Total expenses
$3,077,596
Contributions and grants received
$0
Grants paid
$1,232,827
Program service revenue
$3,271,315
Investment income
$54,398
Other revenue
$0
Total assets, end of year
$13,084,468
Total liabilities, end of year
$10,038,532
Net assets or fund balances, end of year
$3,045,936
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: 2% FUNDS:SARATOGA SUMMER

    total $961,805 · related or exempt $961,805

  • 2b · Program service revenue: 2% FUNDS:BELMONT FALL

    total $516,729 · related or exempt $516,729

  • 2c · Program service revenue: 2% FUNDS:BELMONT SPRING/SUMME

    total $490,427 · related or exempt $490,427

  • 2d · Program service revenue: 2% FUNDS:AQUEDUCT WINTER

    total $455,039 · related or exempt $455,039

  • 2e · Program service revenue: 2% FUNDS:AQUEDUCT FALL

    total $394,070 · related or exempt $394,070

  • 2f · All other program service revenue

    total $453,245 · related or exempt $453,245

  • 3 · Investment income

    total $54,398 · excluded $54,398

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,055,962

  • 2 · Grants to domestic individuals

    total $176,865

  • 7 · Other salaries and wages

    total $597,806

  • 8 · Pension plan contributions

    total $27,254

  • 10 · Payroll taxes

    total $49,836

  • 11b · Fees: legal

    total $83,297

  • 11c · Fees: accounting

    total $19,295

  • 11d · Fees: lobbying

    total $174,806

  • 12 · Advertising and promotion

    total $11,162

  • 13 · Office expenses

    total $21,173

  • 17 · Travel

    total $49,511

  • 22 · Depreciation, depletion and amortization

    total $34,615

  • 23 · Insurance

    total $91,889

  • 24a · Other expenses: BEN:LUNCH VOUCHER PROGRAM

    total $126,552

  • 24b · Other expenses: IA: NY HORSERACING CO.

    total $108,517

  • 24c · Other expenses: BENEVOLENCE:RECREATION

    total $99,711

  • 24d · Other expenses: DUES:MEMBERSHIP: THA

    total $45,749

  • 24e · All other expenses

    total $303,596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,562 · end of year $303,321

  • 2 · Savings and temporary cash investments

    beginning of year $12,360,560 · end of year $12,479,188

  • 4 · Accounts receivable

    beginning of year $246,169 · end of year $253,953

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,964 · end of year $11,202

  • 10a · Land, buildings and equipment: cost or other basis

    $993,979

  • 10b · Land, buildings and equipment: accumulated depreciation

    $957,175

  • 10c · Land, buildings and equipment, net

    beginning of year $68,774 · end of year $36,804

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,620 · end of year $188,532

  • 25 · Other liabilities

    beginning of year $9,850,000 · end of year $9,850,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,851,409 · end of year $3,045,936

Mission and programs · 2022

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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Appelbaum

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Tina Marie Bond

    SECOND VP

    Total calculated
    $0
    Hours/week
    4

  • Leah Gyarmati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rick Schosberg

    FIRST VP

    Total calculated
    $0
    Hours/week
    4

  • Aron Yagoda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Alempijevic

    EXEC. DIRECT

    Total calculated
    $237,686
    From this org
    $209,922
    From related orgs
    $0
    Other
    $27,764
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,922
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,639
    Nontaxable benefits
    $17,125
    Filer's total
    $237,686

  • Jonathan Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Kimmel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Masiello Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edward J Messina

    DIRECTOR/ALT

    Total calculated
    $0
    Hours/week
    2

  • Dionne Johnson

    BUSINESS MAN

    Total calculated
    $129,601
    From this org
    $107,037
    From related orgs
    $0
    Other
    $22,564
    Hours/week
    45

  • Patrick Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Donk

    DIRECTOR/ALT

    Total calculated
    $0
    Hours/week
    2

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 July 2023
IRS schema version
2022v5.0
Source object
202312689349300806

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