Far Hills Race Meeting Association Inc

“There is a relationship between torsilieri, inc., sterling yards llc and gladstone design, inc. Guy torsilieri is a trustee and co-chairman and ronald kennedy is a trustee and co-chairman of far hills race meeting association. Guy torsilieri is an officer of torsilieri, inc. And a managing member in sterling yards llc. Ronald kennedy is an officer of gladstone design, inc.”

“A partner from the independent accounting firm that audits the organization reviewed form 990 with the co-chairs, guy torsilieri and ronald kennedy, after which a copy of the form 990 was given to each board member for their detailed review and questions.”

“A formal conflict of interest policy was ratified on 5/15/08. Compliance is monitored/enforced via required annual filing of a conflict of interest disclosure form from each trustee.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public for inspection. All noted information is available for inspection by request.”

“Ronald a. Kennedy - 50 route 202, p.o. Box 617, far hills, nj 07931. Guy j. Torsilieri - 50 route 202, p.o. Box 617, far hills, nj 07931. Anthony knapp - 50 route 202, p.o. Box 617, far hills, nj 07931. Douglas scher - 50 route 202, p.o. Box 617, far hills, nj 07931. Reese e. Howard jr. - 50 route 202, p.o. Box 617, far hills, nj 07931. John morris - 50 route 202, p.o. Box 617, far hills, nj 07931.”

“Security: program service expenses 228,861. Management and general expenses 0. Fundraising expenses 0. Total expenses 228,861. Race expenses: program service expenses 221,537. Management and general expenses 0. Fundraising expenses 0. Total expenses 221,537. Tent rentals: program service expenses 159,046. Management and general expenses 0. Fundraising expenses 0. Total expenses 159,046. Audio, video expense: program service expenses 111,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 111,138. Flurry: program service expenses 61,978. Management and general expenses 0. Fundraising expenses 0. Total expenses 61,978. Car show expenses: program service expenses 58,560. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,560. Sanitary booths: program service expenses 44,501. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,501. Printing: program service expenses 40,696. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,696. Equipment repairs: program service expenses 34,429. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,429. Real estate taxes: program service expenses 0. Management and general expenses 8,334. Fundraising expenses 0. Total expenses 8,334.”

“This process has not changed compared to prior years”