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FAR HILLS RACE MEETING ASSOCIATION INC

EIN 22-2529715 FAR HILLS, NJ

Browse the largest nonprofits in New Jersey

Revenue 2024
$4,118,168
Expenses 2024
$3,874,395

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
PO BOX 617

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

THE ORGANIZATION HOLDS A ONE DAY STEEPLECHASE EVENT ANNUALLY. THE LARGEST INDIVIDUAL BENEFICIARY OF THE EVENT IS THE SOMERSET MEDICAL HEALTH CARE FOUNDATION, A RECOGNIZED SECTION 501(C)(3) NON PROFIT ENTITY. AT THE DISCRETION OF THE BOARD OF TRUSTEES, THE ORGANIZATION ALSO SUPPORTS OTHER RECOGNIZED SECTION 501(C)(3) NOT-FOR-PROFIT ORGANIZATIONS.

Activities or mission (Part I)

THE ORGANIZATION HOLDS A ONE DAY STEEPLECHASE EVENT ANNUALLY. THE LARGEST INDIVIDUAL BENEFICIARY OF THE EVENT IS THE SOMERSET MEDICAL HEALTH CARE FOUNDATION, A RECOGNIZED SECTION 501(C)(3) NON PROFIT ENTITY. AT THE DISCRETION OF THE BOARD OF TRUSTEES, THE ORGANIZATION ALSO SUPPORTS OTHER RECOGNIZED 501(C)(3) NON-PROFIT ORGANIZATIONS.

  • THE ORGANIZATION HOLDS A ONE DAY STEEPLECHASE EVENT ANNUALLY. THE LARGEST INDIVIDUAL BENEFICIARY OF THE EVENT IS THE SOMERSET MEDICAL HEALTH CARE FOUNDATION, A RECOGNIZED SECTION 501(C)(3) NON PROFIT ENTITY. AT THE DISCRETION OF THE BOARD OF TRUSTEES, THE ORGANIZATION ALSO SUPPORTS OTHER RECOGNIZED SECTION 501(C)(3) NON-PROFIT ENTITIES.

    Expenses $3,247,117 · Grants $492,300 · Revenue $3,942,259

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Ronald A Kennedy

    TRUSTEE/CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    10
  • Guy J Torsilieri

    TRUSTEE/CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    10
  • Anthony Knapp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Douglas Scher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Reese E Howard Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Morris

    TRUSTEE

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,118,168
    Expenses
    $3,874,395
    Contributions
    $157,909
    Grants paid
    $492,300
  • 2023
    Revenue
    $3,408,211
    Expenses
    $3,708,849
    Contributions
    $38,753
    Grants paid
    $465,600
  • 2022
    Revenue
    $3,701,526
    Expenses
    $3,223,451
    Contributions
    $108,193
    Grants paid
    $487,800

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $3,433,382
    Expenses
    $2,818,847
    Assets (EOY)
    $7,235,904
  • 2020 · 990

    Revenue
    $352,833
    Expenses
    $835,773
    Assets (EOY)
    $6,969,336
  • 2019 · 990

    Revenue
    $3,269,503
    Expenses
    $3,414,610
    Assets (EOY)
    $7,100,233
  • 2018 · 990

    Revenue
    $3,300,975
    Expenses
    $3,924,675
    Assets (EOY)
    $7,398,819
  • 2017 · 990

    Revenue
    $3,880,439
    Expenses
    $3,749,895
    Assets (EOY)
    $7,593,277
  • 2016 · 990

    Revenue
    $4,185,646
    Expenses
    $3,603,232
    Assets (EOY)
    $7,255,736
  • 2015 · 990

    Revenue
    $3,663,860
    Expenses
    $3,135,626
    Assets (EOY)
    $6,737,216
  • 2014 · 990

    Revenue
    $3,470,283
    Expenses
    $3,214,344
    Assets (EOY)
    $6,124,454
  • 2013 · 990

    Revenue
    $2,933,259
    Expenses
    $2,855,532
    Assets (EOY)
    $5,850,834
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,460,117
    Assets (EOY)
    $5,888,587

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • SOMERSET HEALTH CARE FOUNDATION INC

    $425,000

    2022 SUPPORT PROGRAMS & SERVICES OF SOMERSET HEALTH FOUNDATION, A 501(C)(3) ORGANIZATION.

  • SOMERSET HEALTH CARE FOUNDATION INC

    $395,000

    2023 SUPPORT PROGRAMS & SERVICES OF SOMERSET HEALTH FOUNDATION, A 501(C)(3) ORGANIZATION.

  • SOMERSET HEALTH CARE FOUNDATION INC

    $395,000

    2024 SUPPORT PROGRAMS & SERVICES OF SOMERSET HEALTH FOUNDATION, A 501(C)(3) ORGANIZATION.

  • 2024 SUPPORT PROGRAMS & SERVICES OF FAR HILLS BEDMINSTER FIRE DEPART., A 501(C)(3) ORGANIZATION.

  • 2023 SUPPORT PROGRAMS & SERVICES OF FAR HILLS BEDMINSTER FIRE DEPART., A 501(C)(3) ORGANIZATION.

  • 2022 SUPPORT PROGRAMS & SERVICES OF FAR HILLS BEDMINSTER FIRE DEPART., A 501(C)(3) ORGANIZATION.

  • 2023 SUPPORT PROGRAMS & SERVICES OF FOUNDATION FOR MORRISTOWN MEDICAL CENTER, A 501(C)(3) ORGANIZATION.

  • 2022 SUPPORT PROGRAMS & SERVICES OF FOUNDATION FOR MORRISTOWN MEDICAL CENTER, A 501(C)(3) ORGANIZATION.

  • 2024 SUPPORT PROGRAMS & SERVICES OF FOUNDATION FOR MORRISTOWN MEDICAL CENTER, A 501(C)(3) ORGANIZATION.

  • 2024 SUPPORT PROGRAMS & SERVICES OF LIFE CAMP, INC., A 501(C)(3) ORGANIZATION.

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.