Massachusetts Thoroughbred Breeders Association Inc

Chelmsford, MA
Tax-exempt since Jan. 1982
EIN: 04-2746989

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Type of Nonprofit

Designated as a 501(c)(5) Labor, agricultural and horticultural organizations that are educational or instructive, including unions, created for the purpose of improving conditions of work, and products of efficiency.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$920k (2023)

Expenses

$249k (2023)

Total Assets

$2.18M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2000 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$919,962

Expenses

$248,591

Net Income

$671,371

Net Assets

$2,182,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,300	0.4%
Program Services	$868,282	94.4%
Investment Income	$48,380	5.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,182,571
Total Liabilities	$0
Net Assets	$2,182,571

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Donna Pereira (Chairperson)	$0	$0	$0
Karen Benson (Treasurer)	$0	$0	$0
Kathleen Reagan (Vice Chairperson)	$0	$0	$0
Arlene Brown (Director)	$0	$0	$0
Gregg Rose (Director)	$0	$0	$0
Frank Catapano (Director)	$0	$0	$0
Joyce Currie (Director)	$0	$0	$0
Robert Currie (Director)	$0	$0	$0
Anthony Spadea (Director)	$0	$0	$0
Paul Umbrello (Director)	$0	$0	$0
Armand Janjigian (Director)	$0	$0	$0
Joseph Di Rico (Director)	$0	$0	$0

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990

Filed on March 9, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$948,850

Expenses

$331,739

Net Income

$617,111

Net Assets

$1,511,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,400	0.4%
Program Services	$944,376	99.5%
Investment Income	$1,036	0.1%
Bond Proceeds	$0
Royalties	$38	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,511,200
Total Liabilities	$0
Net Assets	$1,511,200

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Donna Pereira (Chairperson)	$0	$0	$0
Karen Benson (Treasurer)	$0	$0	$0
Kathleen Reagan (Vice Chairperson)	$0	$0	$0
Arlene Brown (Director)	$0	$0	$0
Gregg Rose (Director)	$0	$0	$0
Frank Catapano (Director)	$0	$0	$0
Joyce Currie (Director)	$0	$0	$0
Robert Currie (Director)	$0	$0	$0
Anthony Spadea (Director)	$0	$0	$0
Paul Umbrello (Director)	$0	$0	$0
Armand Janjigian (Director)	$0	$0	$0
Joseph Di Rico (Director)	$0	$0	$0

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990

Filed on Feb. 27, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$865,124

Expenses

$349,701

Net Income

$515,423

Net Assets

$894,089

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,950	0.5%
Program Services	$860,916	99.5%
Investment Income	$243	0.0%
Bond Proceeds	$0
Royalties	$15	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$894,089
Total Liabilities	$0
Net Assets	$894,089

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Donna Pereira (Chairperson)	$0	$0	$0
Karen Benson (Treasurer)	$0	$0	$0
Kathleen Reagan (Vice Chairperson)	$0	$0	$0
Arlene Brown (Director)	$0	$0	$0
Gregg Rose (Director)	$0	$0	$0
Frank Catapano (Director)	$0	$0	$0
Joyce Currie (Director)	$0	$0	$0
Robert Currie (Director)	$0	$0	$0
Anthony Spadea (Director)	$0	$0	$0
Paul Umbrello (Director)	$0	$0	$0
Anthony Zizza (Director)	$0	$0	$0
Joseph Di Rico (Director)	$0	$0	$0

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990

Filed on March 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$593,519

Expenses

$904,833

Net Income

-$311,314

Net Assets

$378,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,950	1.0%
Program Services	$587,431	99.0%
Investment Income	$138	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$378,666
Total Liabilities	$0
Net Assets	$378,666

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Donna Pereira (Chairperson)	$0	$0	$0
Karen Benson (Treasurer)	$0	$0	$0
Kathleen Reagan (Vice Chairperson)	$0	$0	$0
Arlene Brown (Director)	$0	$0	$0
Gregg Rose (Director)	$0	$0	$0
Frank Catapano (Director)	$0	$0	$0
Joyce Currie (Director)	$0	$0	$0
Robert Currie (Director)	$0	$0	$0
Anthony Spadea (Director)	$0	$0	$0
Paul Umbrello (Director)	$0	$0	$0
Anthony Zizza (Director)	$0	$0	$0
Joseph Di Rico (Director)	$0	$0	$0

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990

Filed on March 26, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,495,176

Expenses

$992,838

Net Income

$502,338

Net Assets

$689,978

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,650	0.4%
Program Services	$1,489,393	99.6%
Investment Income	$133	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$689,978
Total Liabilities	$0
Net Assets	$689,978

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$1,274,882

Expenses

$1,261,469

Net Income

$13,413

Net Assets

$187,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,350	0.6%
Program Services	$1,267,458	99.4%
Investment Income	$74	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$187,639
Total Liabilities	$0
Net Assets	$187,639

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$1,214,253

Expenses

$1,569,025

Net Income

-$354,772

Net Assets

$174,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,500	0.8%
Program Services	$1,204,585	99.2%
Investment Income	$168	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$174,226
Total Liabilities	$0
Net Assets	$174,226

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,403,563

Expenses

$1,864,231

Net Income

-$460,668

Net Assets

$528,981

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,203	1.2%
Program Services	$1,386,942	98.8%
Investment Income	$418	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$528,981
Total Liabilities	$0
Net Assets	$528,981

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,226,108

Expenses

$1,249,537

Net Income

$976,571

Net Assets

$989,649

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,300	0.6%
Program Services	$2,213,458	99.4%
Investment Income	$350	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$989,649
Total Liabilities	$0
Net Assets	$989,649

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Revenue

$552,419

Expenses

$542,161

Net Income

$10,258

Net Assets

$13,078

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$18,606	3.4%
Program Services	$533,723	96.6%
Investment Income	$90	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,078
Total Liabilities	$0
Net Assets	$13,078

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$671,484

Expenses

$689,245

Net Income

-$17,761

Net Assets

$2,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$15,955	2.4%
Program Services	$655,350	97.6%
Investment Income	$179	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,820
Total Liabilities	$0
Net Assets	$2,820

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$696,635

Expenses

$730,480

Net Income

-$33,845

Net Assets

$20,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,371	2.5%
Program Services	$678,972	97.5%
Investment Income	$292	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$20,582
Total Liabilities	$0
Net Assets	$20,582

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$716,883

Expenses

$752,204

Net Income

-$35,321

Net Assets

$54,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$14,445	2.0%
Program Services	$702,003	97.9%
Investment Income	$435	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$54,427
Total Liabilities	$0
Net Assets	$54,427

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

Expenses

$1,249,537

Net Income

$976,571

Net Assets

$989,649

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,300	0.6%
Program Services	$2,213,458	99.4%
Investment Income	$350	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$989,649
Total Liabilities	$0
Net Assets	$989,649

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Massachusetts Thoroughbred Breeders Association Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $920k (2023)

Expenses $249k (2023)

Total Assets $2.18M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$920k (2023)

Expenses

$249k (2023)

Total Assets

$2.18M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2000