Thoroughbred Horsemens Associations Inc

Organization Overview

Thoroughbred Horsemens Associations Inc is located in Stevenson, MD. The organization was established in 1996. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoroughbred Horsemens Associations Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Thoroughbred Horsemens Associations Inc generated $406.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $295.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE BUSINESS CONDITIONS FOR THOROUGHBRED HORSEMEN AND THEIR EMPLOYEES. ALSO, IMPROVED RELATIONS AMONG STATE THOROUGHBRED ASSOCIATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IMPROVED BUSINESS CONDITIONS FOR THOROUGHBRED HORSEMEN AND THEIR EMPLOYEES. ALSO, IMPROVED RELATIONS AMONG STATE THOROUGHBRED ASSOCIATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Foreman ESQ
CEO
$99,000
Bessie Gruwell
Secretary
$0
Joseph Appelbaum
President
$0
Salvatore Debunda
Vice President
$0
Michael Campbell
Treasurer
$0
David Richardson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,000
Total Program Service Revenue$402,107
Investment income $23
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $406,130

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