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Thoroughbred Horsemens Associations Inc

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
$162k (2023)

Expenses
$229k (2023)

Total Assets
$248k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$162,047
Expenses
$228,651
Net Income
-$66,604
Net Assets
$247,889
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,260
2.6%
Program Services $157,500
97.2%
Investment Income $287
0.2%
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 $140,000
61.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $247,889
Total Liabilities $0
Net Assets $247,889
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $140,000 $0 $0
Andy Belfiore (Director) $0 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
Chris Block (Director) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0
David Richardson (Director) $0 $0 $0
Dennis Drazin (Director) $0 $0 $0
James Gallo (Director) $0 $0 $0
Jeffrey Matty (Director) $0 $0 $0
Joe Orseno (Director) $0 $0 $0
Joseph Appelbaum (President) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Robert Hutt (Vice President) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
Timothy Ritchey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$380,425
Expenses
$299,566
Net Income
$80,859
Net Assets
$314,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $380,361
100.0%
Investment Income $64
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 $140,000
46.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $314,493
Total Liabilities $0
Net Assets $314,493
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $140,000 $0 $0
Andy Belfiore (Director) $0 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
Chris Block (Director) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0
David Richardson (Director) $0 $0 $0
Dennis Drazin (Director) $0 $0 $0
Jeffrey Matty (Director) $0 $0 $0
Joe Orseno (Director) $0 $0 $0
Joseph Appelbaum (President) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
Timothy Ritchey (Director) $0 $0 $0
William Alempijevic (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$406,130
Expenses
$295,688
Net Income
$110,442
Net Assets
$233,634
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,000
1.0%
Program Services $402,107
99.0%
Investment Income $23
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 $99,000
33.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $233,634
Total Liabilities $0
Net Assets $233,634
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $99,000 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0
David Richardson (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Joseph Appelbaum (President) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Treasurer) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Scott Peck (Director) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
William Alempijevic (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$413,592
Expenses
$380,729
Net Income
$32,863
Net Assets
$123,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $413,578
100.0%
Investment Income $14
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 $100,000
26.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $123,192
Total Liabilities $0
Net Assets $123,192
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $98,000 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0
David Richardson (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Joseph Appelbaum (President) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Treasurer) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Scott Peck (Director) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
William Alempijevic (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$419,435
Expenses
$397,929
Net Income
$21,506
Net Assets
$90,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $419,422
100.0%
Investment Income $13
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 $98,000
24.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $90,329
Total Liabilities $0
Net Assets $90,329
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $98,000 $0 $0
Andy Belfiore (Director) $0 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0
David Richardson (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Joseph Appelbaum (President) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Treasurer) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Scott Peck (Director) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$351,623
Expenses
$377,194
Net Income
-$25,571
Net Assets
$68,823
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $351,607
100.0%
Investment Income $16
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 $98,000
26.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,823
Total Liabilities $0
Net Assets $68,823
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $98,000 $0 $0
Andy Belfiore (Director) $0 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0
David Richardson (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Joseph Appelbaum (President) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Treasurer) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Scott Peck (Director) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$340,174
Expenses
$381,147
Net Income
-$40,973
Net Assets
$94,394
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $340,157
100.0%
Investment Income $17
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 $99,000
26.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $94,394
Total Liabilities $0
Net Assets $94,394
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $99,000 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Richardson (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Treasurer) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Richard A Violette Jr (President) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
Andy Belfiore (Director) $0 $0 $0
Scott Peck (Director) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$413,240
Expenses
$412,053
Net Income
$1,187
Net Assets
$135,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $413,218
100.0%
Investment Income $22
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 $84,000
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $135,367
Total Liabilities $0
Net Assets $135,367
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $84,000 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Richardson (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Treasurer) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Richard A Violette Jr (President) $0 $0 $0
Salvatore Debunda (Vice President) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
Andy Belfiore (Director) $0 $0 $0
Scott Peck (Director) $0 $0 $0
David Mccaffrey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$400,487
Expenses
$339,576
Net Income
$60,911
Net Assets
$134,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $400,472
100.0%
Investment Income $15
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 $84,000
24.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $134,180
Total Liabilities $0
Net Assets $134,180
Compensation
Key Employees and Officers Compensation Related Other
Alan Foreman Esq (Ceo) $84,000 $0 $0
Bessie Gruwell (Secretary) $0 $0 $0
David Richardson (Treasurer) $0 $0 $0
Glen Berman (Director) $0 $0 $0
John Forbes (Director) $0 $0 $0
Michael Ballezzi (Director) $0 $0 $0
Michael Campbell (Director) $0 $0 $0
Michael Gorham (Director) $0 $0 $0
Mike Musto (Director) $0 $0 $0
Richard A Violette Jr (President) $0 $0 $0
Salvatore Debunda (Director) $0 $0 $0
Timothy Keefe (Director) $0 $0 $0
Andy Belfiore (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$198,072
Expenses
$187,881
Net Income
$10,191
Net Assets
$73,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,064
9.1%
Investment Income $8
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $73,269
Total Liabilities $0
Net Assets $73,269
Compensation
Key Employees and Officers Compensation Other
Alan Foreman Esq (Ceo/Chair) $84,000 $0
Bessie Gruwell (Secretary) $0 $0
David Richardson (Treasurer) $0 $0
Glen Berman (Director) $0 $0
James Gallagher (Director) $0 $0
John Forbes (Director) $0 $0
Michael Ballezzi (Director) $0 $0
Michael Campbell (Director) $0 $0
Michael Gorham (Director) $0 $0
Mike Musto (Director) $0 $0
Richard A Violette Jr (President) $0 $0
Salvatore Debunda (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$196,254
Expenses
$176,639
Net Income
$19,615
Net Assets
$63,078
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,247
8.3%
Investment Income $7
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $63,078
Total Liabilities $0
Net Assets $63,078
Compensation
Key Employees and Officers Compensation Other
Alan Foreman Esq (Ceo/Chair) $84,000 $0
Bessie Gruwell (Secretary) $0 $0
David Richardson (Treasurer) $0 $0
James Gallagher (Director) $0 $0
John Forbes (Director) $0 $0
Michael Campbell (Director) $0 $0
Michael Gorham (Director) $0 $0
Mike Musto (Director) $0 $0
Richard A Violette Jr (President) $0 $0
Richard J Hoffberger (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$181,618
Expenses
$172,639
Net Income
$8,979
Net Assets
$43,463
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,613
9.1%
Investment Income $5
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $43,463
Total Liabilities $0
Net Assets $43,463

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$150,609
Expenses
$146,796
Net Income
$3,813
Net Assets
$34,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $33
0.0%
Net Fundraising $576
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $34,484
Total Liabilities $0
Net Assets $34,484

Document Links

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

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

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

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

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

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

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

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 »

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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.
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  • 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.
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  • 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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