Totals
- Total revenue
- $1,251,790
- Total expenses
- $1,096,126
- Contributions and grants received
- $1,240,239
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $7,189
- Other revenue
- $4,362
- Total assets, end of year
- $646,309
- Total liabilities, end of year
- $22,030
- Net assets or fund balances, end of year
- $624,279
- Program services expenses (Part IX)
- $1,042,263
- Management and general expenses
- $37,603
- Fundraising expenses
- $16,260
- Program service expenses (Part III)
- $1,042,263
Program services were 95.1% 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
$1,240,239
-
3 · Investment income
total $7,189 · excluded $7,189
-
8a · Fundraising events: gross income
$65,337
-
8b · Fundraising events: direct expenses
$60,975
-
8c · Net income from fundraising events
total $4,362 · excluded $4,362
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $149,260 · program services $126,871 · management and general $7,463 · fundraising $14,926
-
10 · Payroll taxes
total $13,343 · program services $11,342 · management and general $667 · fundraising $1,334
-
11c · Fees: accounting
total $18,489 · program services $9,244 · management and general $9,245
-
12 · Advertising and promotion
total $24,540 · program services $24,540
-
13 · Office expenses
total $12,619 · management and general $12,619
-
17 · Travel
total $7,609 · management and general $7,609
-
24a · Other expenses: HORSE PLACEMENT
total $520,625 · program services $520,625
-
24b · Other expenses: VET AND OTHER HORSE CAR
total $195,780 · program services $195,780
-
24c · Other expenses: HORSE TRANSPORTATION
total $125,480 · program services $125,480
-
24d · Other expenses: REHABILITATION
total $28,381 · program services $28,381
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $514,800 · end of year $516,709
-
3 · Pledges and grants receivable
end of year $129,600
-
17 · Accounts payable and accrued expenses
beginning of year $46,185 · end of year $20,030
-
25 · Other liabilities
beginning of year $0 · end of year $2,000
-
27 · Net assets without donor restrictions
beginning of year $468,615 · end of year $624,279
Mission and programs · 2024
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 $1,042,263
As filed on the 2024 return.
Listed in Part VII
-
Robert HuttROBERT HUTT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen A DemasiKATHLEEN A DEMASI
VICE PRESIDENT
- Total calculated
- $25,976
- From this org
- $0
- From related orgs
- $0
- Other
- $25,976
- Hours/week
- 1
-
Charles AsensioCHARLES ASENSIO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jack ArmstrongJACK ARMSTRONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John FanelliJOHN FANELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John JuliaJOHN JULIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edward Coletti JrEDWARD COLETTI JR
DIRECTOR
- Total calculated
- $37,188
- From this org
- $0
- From related orgs
- $0
- Other
- $37,188
- Hours/week
- 1
-
Scott LakeSCOTT LAKE
DIRECTOR
- Total calculated
- $36,359
- From this org
- $0
- From related orgs
- $0
- Other
- $36,359
- Hours/week
- 1
-
Robert E Reid JrROBERT E REID JR
DIRECTOR
- Total calculated
- $32,467
- From this org
- $0
- From related orgs
- $0
- Other
- $32,467
- Hours/week
- 1
-
John C ServisJOHN C SERVIS
DIRECTOR
- Total calculated
- $31,284
- From this org
- $0
- From related orgs
- $0
- Other
- $31,284
- Hours/week
- 1
-
Jeffrey Matty JrJEFFREY MATTY JR
EXECUTIVE DIRECTOR, SECRETARY
- Total calculated
- $263,011
- From this org
- $0
- From related orgs
- $233,400
- Other
- $29,611
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $233,400 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,250 related
- Nontaxable benefits
- $0 + $18,361 related
- Filer's total
- $0 + $263,011 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.
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.
-
PENNSYLVANIA THOROUGHBRED HORSEMAN'S ASSOCIATION INC
501(C)(6) · PROMOTE HORSE RACING IN PA · PA
-
501(C)(3) · ASSISTANCE FOR BACK STRETCH WORKERS · PA
Directly controlled by PTHA
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
- 2024
- Filed
- 6 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512879349301231
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