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New Jersy Thoroubred Horesmans Benevolent Association Inc

  • W Long Branch, NJ
  • Tax-exempt since April 1992
  • EIN: 22-2904953

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$6.39M (2022)

Expenses
$5.8M (2022)

Total Assets
$11.7M (2022)

Total Liabilities
$64.5M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,386,544
Expenses
$5,795,794
Net Income
$590,750
Net Assets
-$52,763,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,386,544
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,000
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,717,110
Total Liabilities $64,480,917
Net Assets -$52,763,807
Compensation
Key Employees and Officers Compensation Related Other
Michael A Musto (Exec. Director) $195,000 $0 $0
Pat Mcburney (President) $0 $0 $0
Timothy Hills (Vice President) $0 $0 $0
Dominic J Bossone (Director) $0 $0 $0
James Cahill (Director) $0 $0 $0
Bob Matthies (Director) $0 $0 $0
Thomas Swales (Director) $0 $0 $0
Benjamin Perkins Jr (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,615,398
Expenses
$5,916,922
Net Income
$1,698,476
Net Assets
-$53,360,754
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,400
0.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,573,998
99.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,000
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,022,337
Total Liabilities $65,383,091
Net Assets -$53,360,754
Compensation
Key Employees and Officers Compensation Related Other
Michael A Musto (Exec. Director) $195,000 $0 $0
Pat Mcburney (President) $0 $0 $0
Timothy Hills (Vice President) $0 $0 $0
Dominic J Bossone (Director) $0 $0 $0
James Cahill (Director) $0 $0 $0
Bob Matthies (Director) $0 $0 $0
Thomas Swales (Director) $0 $0 $0
Benjamin Perkins Jr (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$532,012
Expenses
$5,210,545
Net Income
-$4,678,533
Net Assets
-$55,126,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $532,000
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,000
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,123,287
Total Liabilities $67,249,518
Net Assets -$55,126,231
Compensation
Key Employees and Officers Compensation Related Other
Michael A Musto (Exec. Director) $195,000 $0 $0
Pat Mcburney (President) $0 $0 $0
Timothy Hills (Vice President) $0 $0 $0
Dominic J Bossone (Director) $0 $0 $0
James Cahill (Director) $0 $0 $0
Bob Matthies (Director) $0 $0 $0
Thomas Swales (Director) $0 $0 $0
Benjamin Perkins Jr (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$913,411
Expenses
$6,528,707
Net Income
-$5,615,296
Net Assets
-$50,112,691
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $411
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $913,000
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,000
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,075,996
Total Liabilities $63,188,687
Net Assets -$50,112,691

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$742,577
Expenses
$8,994,169
Net Income
-$8,251,592
Net Assets
-$44,908,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $577
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $742,000
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,096,812
Total Liabilities $59,005,405
Net Assets -$44,908,593

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,316,113
Expenses
$7,496,860
Net Income
-$6,180,747
Net Assets
-$36,280,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $113
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,316,000
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $205,990
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,773,653
Total Liabilities $54,053,829
Net Assets -$36,280,176

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,877,406
Expenses
$7,557,682
Net Income
-$4,680,276
Net Assets
-$29,924,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $48
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,877,358
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $195,000
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,533,040
Total Liabilities $45,457,143
Net Assets -$29,924,103

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,503,267
Expenses
$5,580,838
Net Income
-$4,077,571
Net Assets
-$25,243,827
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $189
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,503,078
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $281,706
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,656,702
Total Liabilities $40,900,529
Net Assets -$25,243,827

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,313,378
Expenses
$4,044,948
Net Income
-$2,731,570
Net Assets
-$21,166,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $151
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,313,227
100.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $305,280
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,259,582
Total Liabilities $35,425,838
Net Assets -$21,166,256

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$922,638
Expenses
$1,426,805
Net Income
-$504,167
Net Assets
$1,950,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $15,677
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $906,961
98.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $368,483
25.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,553,974
Total Liabilities $2,603,394
Net Assets $1,950,580

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,645,664
Expenses
$1,773,001
Net Income
-$127,337
Net Assets
$2,454,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,951
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,643,713
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $396,573
22.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,448,770
Total Liabilities $1,994,023
Net Assets $2,454,747

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,212,471
Expenses
$982,633
Net Income
$229,838
Net Assets
$2,582,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,670
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,210,801
99.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $396,573
40.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,296,962
Total Liabilities $1,714,878
Net Assets $2,582,084

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

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.

Which Organizations Are Here?

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 »

Get the Data

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

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