Hambletonian Society The
- Assets
- $5.6m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Cranbury, NJ
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 61-0593889
Organization Overview
Hambletonian Society The is located in Cranbury, NJ. The organization was established in 1991. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Hambletonian Society The employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hambletonian Society The 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, Hambletonian Society The generated $11.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $11.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENCOURAGE THE BREEDING OF STANDARDBRED HORSES BY SPONSORING AND SERVICING STAKES AND OTHER SPECIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPPORT AND ENCOURAGEMENT OF THE BREEDING OF STANDARDBRED HORSES BY SPONSORING AND SERVICING STAKES AND OTHER SPECIAL EVENTS.
THE SUPPORT AND ENCOURAGEMENT OF THE BREEDING OF STANDARDBRED HORSES BY SPONSORING AND SERVICING STAKES AND OTHER SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Campbell President & CEO | OfficerTrustee | 40 | $216,300 |
Moira Fanning Coo/asst Sec | OfficerTrustee | 40 | $119,480 |
Thomas A Charters Executive VP | OfficerTrustee | 1 | $1,426 |
James W Simpson Chairman Of The Exec | OfficerTrustee | 1 | $0 |
Michael G Kimelman 1st Vice President | OfficerTrustee | 1 | $0 |
Fred W Hertrich III Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,604 |
| Total Program Service Revenue | $11,605,732 |
| Investment income | $23,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,494 |
| 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 | $285 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,854,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,857 |
| Pension plan accruals and contributions | $12,583 |
| Other employee benefits | $58,012 |
| Payroll taxes | $31,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,796 |
| Fees for services: Accounting | $54,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $442,749 |
| Office expenses | $24,857 |
| Information technology | $9,766 |
| Royalties | $0 |
| Occupancy | $70,329 |
| Travel | $42,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,417 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,244 |
| Insurance | $28,174 |
| All other expenses | $42,722 |
| Total functional expenses | $11,935,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,838 |
| Savings and temporary cash investments | $4,419,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $564,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,064 |
| Net Land, buildings, and equipment | $6,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,608,418 |
| Accounts payable and accrued expenses | $19,174 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,013,358 |
| Total liabilities | $4,132,532 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $597,079 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $878,807 |
| Total liabilities and net assets/fund balances | $5,608,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dairy One Cooperative Inc Ithaca, NY | $10,249,154 | $25,724,887 |
Hambletonian Society The Cranbury, NJ | $5,608,418 | $11,854,034 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Hampshire Foundation Inc Wilmington, DE | $84,819,916 | $17,954,468 |
Neighborgood Partners Inc Dover, DE | $35,738,528 | $7,807,910 |
Pennsylvania Certified Organic Spring Mills, PA | $1,487,363 | $4,239,851 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
Pennsylvania Farm Bureau Camp Hill, PA | $15,863,020 | $5,878,793 |
New Jersey Farmers Cooperative West Cape May, NJ | $3,155,537 | $6,158,386 |
Amber Waves Farm Inc Amagansett, NY | $1,245,153 | $2,731,640 |