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Nonprofiteer
← TURNING FOR HOME INC

Form 990 for tax year 2023

Filed by TURNING FOR HOME INC.

Totals

Total revenue
$1,341,079
Total expenses
$924,980
Contributions and grants received
$1,320,030
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$21,049
Total assets, end of year
$514,800
Total liabilities, end of year
$46,185
Net assets or fund balances, end of year
$468,615
Program services expenses (Part IX)
$880,157
Management and general expenses
$34,358
Fundraising expenses
$10,465
Program service expenses (Part III)
$880,157

Program services were 95.2% 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.

  • 1d · Related organizations

    $38,096

  • 1f · All other contributions, gifts and grants

    $1,281,934

  • 8a · Fundraising events: gross income

    $56,701

  • 8b · Fundraising events: direct expenses

    $35,652

  • 8c · Net income from fundraising events

    total $21,049 · excluded $21,049

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $96,676 · program services $82,175 · management and general $4,834 · fundraising $9,667

  • 10 · Payroll taxes

    total $7,981 · program services $6,784 · management and general $399 · fundraising $798

  • 11c · Fees: accounting

    total $31,597 · program services $15,799 · management and general $15,798

  • 12 · Advertising and promotion

    total $24,018 · program services $24,018

  • 13 · Office expenses

    total $8,246 · management and general $8,246

  • 17 · Travel

    total $5,081 · management and general $5,081

  • 24a · Other expenses: HORSE PLACEMENT

    total $488,116 · program services $488,116

  • 24b · Other expenses: VET AND OTHER HORSE CAR

    total $126,136 · program services $126,136

  • 24c · Other expenses: HORSE TRANSPORTATION

    total $108,555 · program services $108,555

  • 24d · Other expenses: REHABILITATION

    total $28,574 · program services $28,574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,065 · end of year $514,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,915 · end of year $46,185

  • 25 · Other liabilities

    beginning of year $6,634 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $52,516 · end of year $468,615

Mission and programs · 2023

Mission

TO PROVIDE FOR THE RETIREMENT OF RACE HORSES THAT CAN NO LONGER RACE DUE TO AGE OR INJURY AS A HUMANE ALTERNATIVE TO EUTHANASIA.

Activities or mission (Part I)

TO PROVIDE FOR THE RETIREMENT OF RACE HORSES THAT CAN NO LONGER RACE

  • PROVIDE FOR THE RETIREMENT OF RACE HORSES THAT CAN NO LONGER RACE DUE TO AGE OR INJURY AS AN ALTERNATIVE TO EUTHANASIA.

    Expenses $880,157

As filed on the 2023 return.

Listed in Part VII

  • Robert Hutt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kathleen A Demasi

    VICE PRESIDENT

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

  • Charles Asensio

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jack Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Julia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Fanelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Coletti Jr

    DIRECTOR

    Total calculated
    $34,842
    From this org
    $0
    From related orgs
    $0
    Other
    $34,842
    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 E Reid Jr

    DIRECTOR

    Total calculated
    $27,045
    From this org
    $0
    From related orgs
    $0
    Other
    $27,045
    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

  • Jeffrey Matty Jr

    EXECUTIVE DIRECTOR, SECRETARY

    Total calculated
    $267,725
    From this org
    $0
    From related orgs
    $243,527
    Other
    $24,198
    Hours/week
    3 + 37 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

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)

PART I, LINE 3
TURNING FOR HOME'S (TFH) EXECUTIVE DIRECTOR IS ON THE PAYROLL OF THE PARENT COMPANY, PENNSYLVANIA THOROUGHBRED HORSEMAN'S ASSOCIATION (PTHA), WHO APPROVES ANNUAL COMPENSATION. TFH REIMBURSES THE PARENT COMPANY FOR ALL COSTS RELATED TO ITS STAFF.

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 PURCHASING ASSOCIATION

    C · SELLS HORSE PRODUCTS · PA

    Directly controlled by PENNSYLVANIA THOROUGHBREAD HORSEMEN ASSOCIATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349301548

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