Civic Intelligence

Nj Thoroughbred Horsemen'S Association Inc

EIN 22-2904953 • 501(c)6 • Oceanport, NJ

Profile

Njtha, inc. Represents thoroughbred owners and trainers interests in the state of nj specifically to improve racing and promote the common business interests of the sport.

175 Oceanport AvenueOceanport, NJ 07757

n/A

Siviq Scores

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

Liabilities / Assets

99th percentile

2.47x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.46x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-141%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$195,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

2nd percentile

-98%

Faster asset growth than 2% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-7.4%

Faster revenue growth than 20% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$167,693

Down $10,758,396 (-98%) from 2023

Liabilities

Down

$414,812

Down $68,189,243 (-99%) from 2023

Net Assets

Up

-$247,119

Up $57,430,847 (+100%) from 2023

Revenue

Down

$898,338

Down $72,203 (-7.4%) from 2023

Expenses

Down

$2,166,844

Down $2,897,995 (-57%) from 2023

Net Income

Up

-$1,268,506

Up $2,825,792 (+69%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0-$50M-$100MAssets 2011: $4,296,962Liabilities 2011: $1,714,878Net Assets 2011: $2,582,0842011Assets 2012: $4,448,770Liabilities 2012: $1,994,023Net Assets 2012: $2,454,7472012Assets 2013: $4,553,974Liabilities 2013: $2,603,394Net Assets 2013: $1,950,5802013Assets 2014: $14,259,582Liabilities 2014: $35,425,838Net Assets 2014: -$21,166,2562014Assets 2015: $15,656,702Liabilities 2015: $40,900,529Net Assets 2015: -$25,243,8272015Assets 2016: $15,533,040Liabilities 2016: $45,457,143Net Assets 2016: -$29,924,1032016Assets 2017: $17,773,653Liabilities 2017: $54,053,829Net Assets 2017: -$36,280,1762017Assets 2018: $14,096,812Liabilities 2018: $59,005,405Net Assets 2018: -$44,908,5932018Assets 2019: $13,075,996Liabilities 2019: $63,188,687Net Assets 2019: -$50,112,6912019Assets 2020: $12,123,287Liabilities 2020: $67,249,518Net Assets 2020: -$55,126,2312020Assets 2021: $12,022,337Liabilities 2021: $65,383,091Net Assets 2021: -$53,360,7542021Assets 2022: $11,717,110Liabilities 2022: $64,480,917Net Assets 2022: -$52,763,8072022Assets 2023: $10,926,089Liabilities 2023: $68,604,055Net Assets 2023: -$57,677,9662023Assets 2024: $167,693Liabilities 2024: $414,812Net Assets 2024: -$247,1192024

Highlighted filing

2024

Assets$167,693
Liabilities$414,812
Net Assets-$247,119

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $1,212,471Expenses 2011: $982,633Net Income 2011: $229,8382011Revenue 2012: $1,645,664Expenses 2012: $1,773,001Net Income 2012: -$127,3372012Revenue 2013: $922,638Expenses 2013: $1,426,805Net Income 2013: -$504,1672013Revenue 2014: $1,313,378Expenses 2014: $4,044,948Net Income 2014: -$2,731,5702014Revenue 2015: $1,503,267Expenses 2015: $5,580,838Net Income 2015: -$4,077,5712015Revenue 2016: $2,877,406Expenses 2016: $7,557,682Net Income 2016: -$4,680,2762016Revenue 2017: $1,316,113Expenses 2017: $7,496,860Net Income 2017: -$6,180,7472017Revenue 2018: $742,577Expenses 2018: $8,994,169Net Income 2018: -$8,251,5922018Revenue 2019: $913,411Expenses 2019: $6,528,707Net Income 2019: -$5,615,2962019Revenue 2020: $532,012Expenses 2020: $5,210,545Net Income 2020: -$4,678,5332020Revenue 2021: $7,615,398Expenses 2021: $5,916,922Net Income 2021: $1,698,4762021Revenue 2022: $6,386,544Expenses 2022: $5,795,794Net Income 2022: $590,7502022Revenue 2023: $970,541Expenses 2023: $5,064,839Net Income 2023: -$4,094,2982023Revenue 2024: $898,338Expenses 2024: $2,166,844Net Income 2024: -$1,268,5062024

Highlighted filing

2024

Revenue$898,338
Expenses$2,166,844
Net Income-$1,268,506

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.41$0.25$0.90$2.17$1.27
2023Detailed filing. Detailed filing data is available for this year.$10.9$68.6$57.7$0.97$5.06$4.09
2022Detailed filing. Detailed filing data is available for this year.$11.7$64.5$52.8$6.39$5.80$0.59
2021Detailed filing. Detailed filing data is available for this year.$12.0$65.4$53.4$7.62$5.92$1.70
2020Detailed filing. Detailed filing data is available for this year.$12.1$67.2$55.1$0.53$5.21$4.68
2019Summary only. Only limited summary data is available for this year.$13.1$63.2$50.1$0.91$6.53$5.62
2018Summary only. Only limited summary data is available for this year.$14.1$59.0$44.9$0.74$8.99$8.25
2017Summary only. Only limited summary data is available for this year.$17.8$54.1$36.3$1.32$7.50$6.18
2016Summary only. Only limited summary data is available for this year.$15.5$45.5$29.9$2.88$7.56$4.68
2015Summary only. Only limited summary data is available for this year.$15.7$40.9$25.2$1.50$5.58$4.08
2014Summary only. Only limited summary data is available for this year.$14.3$35.4$21.2$1.31$4.04$2.73
2013Summary only. Only limited summary data is available for this year.$4.55$2.60$1.95$0.92$1.43$0.50
2012Summary only. Only limited summary data is available for this year.$4.45$1.99$2.45$1.65$1.77$0.13
2011Summary only. Only limited summary data is available for this year.$4.30$1.71$2.58$1.21$0.98$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$898,338
Mission and Program Overview

Mission

Njtha, inc. Represents thoroughbred ownersx and trainers' interests in the state of nj specifically to improve racing and promote the common business interests of the sport.

Njtha, inc. Represents thoroughbred owners and trainers interests in the state of nj specifically to improve racing and promote the common business interests of the sport.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,766,001$0▼ $10,766,001
Prepaid Expenses and Deferred Charges$151,379$151,379→ $0
Other Notes and Loans Receivable, Net$65$12,261▲ $12,196
Cash and Non-Interest-Bearing Accounts$8,644$4,053▼ $4,591
Total Assets$10,926,089$167,693▼ $10,758,396
Liabilities
Other Liabilities$64,501,085$0▼ $64,501,085
Accounts Payable and Accrued Expenses$4,102,970$410,312▼ $3,692,658
Unsecured Notes Loans Payable-$4,500-
Mortgage Notes Payable Secured by Investment Property$0--
Total Liabilities$68,604,055$414,812▼ $68,189,243
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-57,677,966$-247,119▲ $57,430,847
Total Net Assets Fund Balance$-57,677,966$-247,119▲ $57,430,847
Total Liabilities and Net Assets / Fund Balance$10,926,089$167,693▼ $10,758,396

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0--
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael a Musto--$195,000$29,625$224,625
Michael a MustoExec. DirectorFT$195,000-$195,000

Board Members and Trustees

NameTitle
Pat McburneyPresident
Timothy HillsVice President
Benjamin Perkins JrDirector
Bob MatthiesDirector
Dominic J BossoneDirector
James CahillDirector
Thomas SwalesDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$11
Other Revenue
$898,327
Change in Net Assets
$-1,268,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,910,225
Salaries, Compensation, and Employee Benefits$241,619
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$640,057$239,031$0$879,088
Depreciation Depletion$598,877$256,662$0$855,539
Current Officers, Directors, Trustees, and Key Employees$136,500$58,500$0$195,000
Fees for Services Management$114,275$48,975$0$163,250
Pension Plan Contributions$20,730$8,895$0$29,625
Payroll Taxes$11,896$5,098$0$16,994
Grants to Domestic Orgs$15,000--$15,000
Conferences and Meetings$5,600$2,400$0$8,000
Insurance$660$283$0$943
Office Expenses$350$150$0$500
Fees for Services Accounting$245$105$0$350
Other Expenses$64$27$0$91
Total Functional Expenses$1,545,979$620,865$0$2,166,844
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NJ THOROUGHBRED HORSEMEN'S CHARITABLE ORGOceanport, NJ501c(3)-$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Darby Development LLC$0
Investment in Restaurant$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
NJ THOROUGHBRED HORSEMEN'S ASSOCIATION INC
EIN
22-2904953
Phone
7329968796
Address
175 OCEANPORT AVENUE, OCEANPORT, NJ 07757

Signing Officer

Name
Michael Musto
Title
Executive Director
Phone
7329968796
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Musto Exec Dir
Formed
1988
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
0

Preparer

Firm
Brm Professional Group LLC
Address
1011 HIGHWAY 71, SPRING LAKE, NJ 07762
Preparer
Brian R Moberg CPA
Phone
7329740551
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

ORGANIZATION HAS MEMBERS

Pt VI, Line 7A

Members can vote in election of officers and board

Pt VI, Line 15A

Review and approval by board of directors

Pt VI, Line 15B

Review and approval by board of directors

Pt VI, Line 11B

Documents available for review upon request

Pt VI, Line 19

Documents available for review upon request

Pt XI

Line 9 other adjustment related to monmouth park lease transfer to darby development, llc effective 8/27/2024

Form 990, Part IX, Line 24E

Health and welfare funding 395800. 395800.

Form 990, Part IX, Line 24E

Loss restaurant investment 83057. 83057.

Form 990, Part IX, Line 24E

Legal outside budget 239031. 0. 239031.

Form 990, Part IX, Line 24E

Mp expense reimbursement 161235. 161235.

Form 990, Part IX, Line 24E

Equipment rental -35. -35.

Financial Statement Notes

Pt X, Line 2

The association qualifies as a tax-exempt organization under section 501(c)(6) of the internal revenue code. Accordingly, the association is not subject to federal income tax. The trust is a grantor trust as defined by the internal revenue code. The association believes that its increased involvement with thoroughbred racing activities and the lease of monmouth park does not impact its tax exempt status. The association has determined that there are no unrecognized tax positions as of december 31, 2024

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-247119
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0150
IRS990/OfficeExpensesGrp/ProgramServicesAmt0350
IRS990/OfficeExpensesGrp/TotalAmt0500
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt058157731
IRS990/OtherExpensesGrp/Desc0PAYROLL SERVICE FEES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2POSTAGE FEES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0694
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt227
IRS990/OtherExpensesGrp/ProgramServicesAmt01620
IRS990/OtherExpensesGrp/ProgramServicesAmt1105
IRS990/OtherExpensesGrp/ProgramServicesAmt264
IRS990/OtherExpensesGrp/TotalAmt02314
IRS990/OtherExpensesGrp/TotalAmt1150
IRS990/OtherExpensesGrp/TotalAmt291
IRS990/OtherLiabilitiesGrp/BOYAmt064501085
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0STATUTORY FUNDING
IRS990/OtherRevenueMiscGrp/Desc1NON-STATUTORY FUNDING
IRS990/OtherRevenueMiscGrp/Desc2OTHER REVENUE - NJCFS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0660000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt128906
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2197225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0660000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt128906
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2197225
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0886131
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt065
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt012261
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05098
IRS990/PayrollTaxesGrp/ProgramServicesAmt011896
IRS990/PayrollTaxesGrp/TotalAmt016994
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08895
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020730
IRS990/PensionPlanContributionsGrp/TotalAmt029625
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0151379
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0151379
IRS990/PrincipalOfficerNm0MICHAEL MUSTO EXEC DIR
IRS990/PriorPeriodAdjustmentsAmt0541622
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0101734
IRS990/PYOtherExpensesAmt04831249
IRS990/PYOtherRevenueAmt0868807
IRS990/PYRevenuesLessExpensesAmt0-4094298
IRS990/PYSalariesCompEmpBnftPaidAmt0233590
IRS990/PYTotalExpensesAmt05064839
IRS990/PYTotalRevenueAmt0970541
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1268506
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt012196
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DARBY DEVELOPMENT LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INVESTMENT IN RESTAURANT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ASSOCIATION IS NOT SUBJECT TO FEDERAL INCOME TAX. THE TRUST IS A GRANTOR TRUST AS DEFINED BY THE INTERNAL REVENUE CODE. THE ASSOCIATION BELIEVES THAT ITS INCREASED INVOLVEMENT WITH THOROUGHBRED RACING ACTIVITIES AND THE LEASE OF MONMOUTH PARK DOES NOT IMPACT ITS TAX EXEMPT STATUS. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO UNRECOGNIZED TAX POSITIONS AS OF DECEMBER 31, 2024
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c(3)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NJ THOROUGHBRED HORSEMEN'S CHARITABLE ORG
IRS990ScheduleI/RecipientTable/RecipientEIN0833161474
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0175 OCEANPORT AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OCEANPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007757
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0195000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt025500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt029625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL A MUSTO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0224625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS CAN VOTE IN ELECTION OF OFFICERS AND BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW AND APPROVAL BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW AND APPROVAL BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LINE 9 OTHER ADJUSTMENT RELATED TO MONMOUTH PARK LEASE TRANSFER TO DARBY DEVELOPMENT, LLC EFFECTIVE 8/27/2024
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HEALTH AND WELFARE FUNDING 395800. 395800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOSS RESTAURANT INVESTMENT 83057. 83057.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LEGAL OUTSIDE BUDGET 239031. 0. 239031.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MP EXPENSE REIMBURSEMENT 161235. 161235.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11EQUIPMENT RENTAL -35. -35.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NJTHA INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0226556088
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0T
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0SEE ATTACHED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NJ THOROUGHBRED HORSEMAN'S BENEVOLENT ASSOC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0175 OCEANPORT AVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0OCEANPORT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007757
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0811349435
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RESTAURANT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BLUE GRASS SPIRITS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-83057
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/UBICodeVAmt017615
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt025 RECKLESS PLACE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0RED BANK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd007701
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NJTHA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NJTHA SSF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205885030
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE ATTACHED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0175 OCEANPORT AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OCEANPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007757
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0395800
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE

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