Civic Intelligence

New York Thoroughbred Breeders Inc

EIN 11-2588501 • 501(c)5 • Saratoga Springs, NY

Profile

Represent breeders of nys thoroughbreds.

PO Box 5120Saratoga Springs, NY 12866

www.nytbreeders.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Net Margin

77th percentile

22%

Higher net margin than 77% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$203,348

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Asset Growth

100th percentile

628%

Faster asset growth than 100% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

53%

Faster revenue growth than 94% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$254,213

Up $219,304 (+628%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$254,213

Up $219,304 (+628%) from 2023

Revenue

Up

$1,001,141

Up $346,088 (+53%) from 2023

Expenses

Up

$781,837

Up $50,381 (+6.9%) from 2023

Net Income

Up

$219,304

Up $295,707 (+387%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $310,213Liabilities 2010: $0Net Assets 2010: $310,2132010Assets 2011: $307,809Liabilities 2011: $0Net Assets 2011: $307,8092011Assets 2012: $253,883Liabilities 2012: $0Net Assets 2012: $253,8832012Assets 2013: $252,628Liabilities 2013: $0Net Assets 2013: $252,6282013Assets 2014: $276,451Liabilities 2014: $0Net Assets 2014: $276,4512014Assets 2015: $263,787Liabilities 2015: $0Net Assets 2015: $263,7872015Assets 2016: $322,828Liabilities 2016: $0Net Assets 2016: $322,8282016Assets 2017: $332,315Liabilities 2017: $0Net Assets 2017: $332,3152017Assets 2018: $306,717Liabilities 2018: $0Net Assets 2018: $306,7172018Assets 2019: $287,833Liabilities 2019: $0Net Assets 2019: $287,8332019Assets 2020: $245,027Liabilities 2020: $0Net Assets 2020: $245,0272020Assets 2021: $200,520Liabilities 2021: $0Net Assets 2021: $200,5202021Assets 2022: $111,312Liabilities 2022: $0Net Assets 2022: $111,3122022Assets 2023: $34,909Liabilities 2023: $0Net Assets 2023: $34,9092023Assets 2024: $254,213Liabilities 2024: $0Net Assets 2024: $254,2132024

Highlighted filing

2024

Assets$254,213
Liabilities$0
Net Assets$254,213

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $576,7952010Expenses 2011: $479,4882011Expenses 2012: $680,6072012Revenue 2013: $572,933Expenses 2013: $574,188Net Income 2013: -$1,2552013Revenue 2014: $711,638Expenses 2014: $687,815Net Income 2014: $23,8232014Revenue 2015: $722,617Expenses 2015: $735,281Net Income 2015: -$12,6642015Revenue 2016: $848,455Expenses 2016: $789,414Net Income 2016: $59,0412016Revenue 2017: $819,052Expenses 2017: $809,565Net Income 2017: $9,4872017Revenue 2018: $756,120Expenses 2018: $781,718Net Income 2018: -$25,5982018Revenue 2019: $748,677Expenses 2019: $767,561Net Income 2019: -$18,8842019Revenue 2020: $748,107Expenses 2020: $790,913Net Income 2020: -$42,8062020Revenue 2021: $613,417Expenses 2021: $657,924Net Income 2021: -$44,5072021Revenue 2022: $593,617Expenses 2022: $682,825Net Income 2022: -$89,2082022Revenue 2023: $655,053Expenses 2023: $731,456Net Income 2023: -$76,4032023Revenue 2024: $1,001,141Expenses 2024: $781,837Net Income 2024: $219,3042024

Highlighted filing

2024

Revenue$1,001,141
Expenses$781,837
Net Income$219,304

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$1.00$0.78$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.66$0.73$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.00$0.11$0.59$0.68$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.61$0.66$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.75$0.79$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.75$0.77$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.76$0.78$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.00$0.33$0.82$0.81$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.00$0.32$0.85$0.79$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.26$0.72$0.74$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.71$0.69$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.57$0.57$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.25$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,136,964
Mission and Program Overview

Mission

Represent breeders of nys thoroughbreds

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$25,336$249,982▲ $224,646
Savings and Temporary Cash Investments$8,852$3,852▼ $5,000
Land, Buildings, and Equipment, Net$721$379▼ $342
Total Assets$34,909$254,213▲ $219,304
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,629$238,548▲ $217,919
Net Assets With Donor Restrictions$14,280$15,665▲ $1,385
Total Net Assets Fund Balance$34,909$254,213▲ $219,304
Total Liabilities and Net Assets / Fund Balance$34,909$254,213▲ $219,304

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$379$6,551-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Najja ThompsonExecutive DirectorFT$189,500$13,848$203,348
Najja Thompson--$189,500$13,847$203,347

Board Members and Trustees

NameTitle
Thomas J GalloPresident
Mallory MortVice President
Dan HaydenDirector
H James BondDirector
Lere VisagileDirector
Lois EngelDirector
Michael LischinDirector
Rick BurkeDirector
Scott Ahlschwede DVMDirector
Seth GregoryDirector
Vivien MalloySec/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100,096
Program Service Revenue
$841,030
Investment Income
$4
Other Revenue
$60,011
All Other Contributions
$100,096
Change in Net Assets
$219,304

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table25$66,182Fair Market Value (FMV)
Total Noncash Contributions25$66,182-

Audited Revenue Reconciliation

Revenue per Audited Statements
$833,969
Revenue Not Reported on Financial Statements
$167,172
Other Revenue Adjustments
$167,172
Total Revenue per Audited Statements
$833,969
Total Revenue per Form 990
$1,001,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$566,046
Salaries, Compensation, and Employee Benefits$215,791
Total Fundraising Expense$38,715
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$86,422$96,590$20,335$203,347
Advertising$122,942$0$0$122,942
Fees for Services Management$35,649$39,844$8,388$83,881
Fees for Services Lobbying$71,910$0$0$71,910
All Other Expenses$11,983$10,265$2,161$24,409
Travel$9,910$11,076$2,332$23,318
Conferences and Meetings$20,531$0$0$20,531
Occupancy$6,016$6,723$1,415$14,154
Office Expenses$5,795$6,476$1,363$13,634
Payroll Taxes$5,289$5,911$1,244$12,444
Other Expenses$3,343$3,735$786$7,864
Fees for Services Accounting$0$5,000$0$5,000
Insurance$2,012$2,249$474$4,735
Depreciation Depletion$0$0$0$342
Total Functional Expenses$549,898$192,882$38,715$781,837

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$781,837
Expenses per Audited Statements$614,665
Total Expenses per Audited Statements$614,665
Expenses Not Reported on Financial Statements$167,172
Other Expense Adjustments$167,172
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$135,823
Fundraising Gross Income$51,897
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sales Parties$39,212$39,212$42,924$-3,712
Holiday Party$12,685$12,685$4,368$8,317
Total Events$51,897$51,897$135,823$-83,926
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$71,910
Total Nondeductible Lobbying and Political Cost$71,910
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
New York Thoroughbred Breeders Inc
EIN
11-2588501
Phone
5185870777
Address
PO Box 5120, Saratoga Springs, NY 12866

Signing Officer

Name
Najja Thompson
Title
Executive Director
Phone
5185870777
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Najja Thompson
Formed
1974
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
14

Preparer

Firm
BATTAGLIA & ASSOCIATES CPA'S PLLC
Address
175 ROUTE 236, HALFMOON, NY 12065
Preparer
Joseph D Battaglia CPA
Phone
5186647063
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

To be eligible for membership in the Organization, a person shall be currently engaged in the thoroughbred industry as a breeder or stallion owner in the state of New York, lessees and lessors of mares and stallions domiciled in New York, or own property in the state of New York which is utilized for breeding thoroughbreds specifically for the pari-mutual racing indistry and/or others who have demonstrated an interest in furthering the purposes of the Organization.

Pt VI, Line 7A

Members vote to elect new members or returning members to the Board of Directors by participating in an independent election.

Pt VI, Line 7B

Decisions requiring Board approval are voted on at the applicable Board of Directors Meeting.

Pt VI, Line 11B

The Executive Committee of the Board of Directors is provided with a copy of a draft 990 for review prior to submission. Once the Executive Committee is satisfies, the Executive Committee notifies the Executive Director who in turn notifies the tax preparer.

Pt VI, Line 12C

Annually, the Board of Directors are required to sign a conflict of interest statement and file it with the Secretary

Pt VI, Line 15A

The Board of Directors reviews the Executive Directors compensation. If it meets with their approval, the President of the Board of Directors signs the Executive Directors employment agreement. The Executive Directors annual base salary and bonus, if applicable, are included in the organizations annal budget.

Pt XII, Line 1

the Organization uses a Modified Cash Accounting Method to prepare its financial statements and Form 990.

Pt VI, Line 19

The Organizations governing documents, conflicts of interest policy and finacial statements are available upon request. Some documents, such as the by-laws, can be located on the Organizations website.

Financial Statement Notes

Pt XI, Line 4B

Newsletter/Publication Costs

Pt XII, Line 4B

Newsletter/Publication Costs

Pt X, Line 2

In accordance with Generally Accepted Accounting Principles, the Organization accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more than likely than not the positions will be sustained upon examination by tax authorities. As of December 31, 2024, the Organization believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements as of December 31, 2024. The years that remain subject to examination by taxing authorities begins with 2021.

Raw XML AppendixShowing 400 of 503 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/DonorRstrOrQuasiEndowmentsInd0false
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IRS990/Form990PartVIISectionAGrp/PersonNm0Najja Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm1Dan Hayden
IRS990/Form990PartVIISectionAGrp/PersonNm2Seth Gregory
IRS990/Form990PartVIISectionAGrp/PersonNm3Vivien Malloy
IRS990/Form990PartVIISectionAGrp/PersonNm4Scott Ahlschwede DVM
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IRS990/Form990PartVIISectionAGrp/PersonNm8H James Bond
IRS990/Form990PartVIISectionAGrp/PersonNm9Thomas J Gallo
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sec/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
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IRS990/ProgramServiceRevenueGrp/Desc1NY Stallion Stakes Series
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Newsletter/Publication Costs
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Newsletter/Publication Costs
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2In accordance with Generally Accepted Accounting Principles, the Organization accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more than likely than not the positions will be sustained upon examination by tax authorities. As of December 31, 2024, the Organization believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements as of December 31, 2024. The years that remain subject to examination by taxing authorities begins with 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt X, Line 2
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Stallion Breedings

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