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NEW JERSY THOROUBRED HORESMANS BENEVOLENT ASSOCIATION INC

EIN 22-2904953 OCEANPORT, NJ

Browse the largest nonprofits in New Jersey

Revenue 2024
$898,338
Expenses 2024
$2,166,844

Program services were 71.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
06
Classification
1000
Street
175 OCEANPORT AVE

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).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

NJTHA, INC. REPRESENTS THOROUGHBRED OWNERS AND TRAINERS INTERESTS IN THE STATE OF NJ SPECIFICALLY TO IMPROVE RACING AND PROMOTE THE COMMON BUSINESS INTERESTS OF THE SPORT.

  • NJTHA, INC. REPRESENTS THOROUGHBRED OWNERS AND TRAINERS INTERESTS IN THE STATE OF NJ SPECIFICALLY TO IMPROVE RACING CONDITIONS IN THE THOROUGHBRED INDUSTRY FOR ALL HORSEMEN AND THEIR EMPLOYEES AND PROMOTE THE COMMON BUSINESS INTEREST OF THE MEMBERS IN MATTERS BEFORE GOVERNMENT AGENCIES, THE MANAGEMNT OF NJ THOROUGHBRED RACETRACKS AND OTHER INDUSTRY RELATED ORGANIZATIONS. THE NJTHA RECEIVES SUBSTANTIALLY ALL OF ITS REVENUE FROM NJ HORSE RACING TRACKS.

As filed on the 2024 return.

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.

  • Pat McBurney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0
  • Michael A Musto

    EXEC. DIRECTOR

    Total calculated
    $195,000
    From this org
    $195,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $0
    Other
    $0
    Deferred
    $29,625
    Nontaxable benefits
    $0
    Filer's total
    $224,625
  • Timothy Hills

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0
  • Dominic J Bossone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • James Cahill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Bob Matthies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Thomas Swales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Benjamin Perkins Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $898,338
    Expenses
    $2,166,844
    Contributions
    $0
    Grants paid
    $15,000
  • 2023
    Revenue
    $970,541
    Expenses
    $5,064,839
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $6,386,544
    Expenses
    $5,795,794
    Contributions
    $0
    Grants paid
    $0

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
    $7,615,398
    Expenses
    $5,916,922
    Assets (EOY)
    $12,022,337
  • 2020 · 990

    Revenue
    $532,012
    Expenses
    $5,210,545
    Assets (EOY)
    $12,123,287

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.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

  • NJTHA SSF

    527 · SEE ATTACHED · NJ

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2024 return

  • BLUE GRASS SPIRITS LLC

    0 · RESTAURANT · NJ · 99% owned · share of income -$83,057 · general or managing partner

Related corporations and trusts on its 2024 return

  • NJ THOROUGHBRED HORSEMAN'S BENEVOLENT ASSOC

    T · SEE ATTACHED · NJ · 0% owned

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

Not present in the most recent drop.

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 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.