Civic Intelligence

Essex Horse Trials Inc

EIN 22-3042941 • 501(c)3 • Gladstone, NJ

Profile

Essex horse trials mission is to promote, educate, train, provide facilities and hold an equestrian competition event annually. The primary benificiary is the greater newark life camp which is a recognized section 501(c)(3) nonprofit entity that provides an enriching day-camp experience for over 300 inner-city youth each summer.

PO Box 469Gladstone, NJ 07934

www.essexhorsetrials.org

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

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

NTEE N • <$500k nonprofits • Source year 2025

Liabilities / Revenue

73rd percentile

0.00x

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

NTEE N • <$500k nonprofits • Source year 2025

Net Margin

34th percentile

-0.2%

Higher net margin than 34% of similar nonprofits.

NTEE N • <$500k nonprofits • Source year 2025

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE N • <$500k nonprofits • Source year 2025

Asset Growth

43rd percentile

-0.2%

Faster asset growth than 43% of similar nonprofits.

NTEE N • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

13th percentile

-38%

Faster revenue growth than 13% of similar nonprofits.

NTEE N • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$133,010

Up $16,058 (+14%) from 2023

Liabilities

Down

$0

Down $832 (-100%) from 2023

Net Assets

Up

$133,010

Up $16,890 (+15%) from 2023

Revenue

Down

$131,908

Down $106,062 (-45%) from 2023

Expenses

Down

$132,178

Down $121,915 (-48%) from 2023

Net Income

Up

-$270

Up $15,853 (+98%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $120,170Liabilities 2016: $22,298Net Assets 2016: $97,8722016Assets 2017: $151,911Liabilities 2017: $32,178Net Assets 2017: $119,7332017Assets 2018: $161,683Liabilities 2018: $20,000Net Assets 2018: $141,6832018Assets 2019: $211,667Liabilities 2019: $40,000Net Assets 2019: $171,6672019Assets 2020: $187,628Liabilities 2020: $60,000Net Assets 2020: $127,6282020Assets 2021: $199,449Liabilities 2021: $48,800Net Assets 2021: $150,6492021Assets 2022: $132,243Liabilities 2022: $0Net Assets 2022: $132,2432022Assets 2023: $116,952Liabilities 2023: $832Net Assets 2023: $116,1202023Assets 2025: $133,010Liabilities 2025: $0Net Assets 2025: $133,0102025

Highlighted filing

2025

Assets$133,010
Liabilities$0
Net Assets$133,010

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $106,850Expenses 2016: $21,217Net Income 2016: $85,6332016Revenue 2017: $392,590Expenses 2017: $370,729Net Income 2017: $21,8612017Revenue 2018: $391,903Expenses 2018: $369,953Net Income 2018: $21,9502018Revenue 2019: $521,000Expenses 2019: $491,016Net Income 2019: $29,9842019Revenue 2020: $35,305Expenses 2020: $79,344Net Income 2020: -$44,0392020Revenue 2021: $290,747Expenses 2021: $267,726Net Income 2021: $23,0212021Revenue 2022: $254,210Expenses 2022: $272,616Net Income 2022: -$18,4062022Revenue 2023: $237,970Expenses 2023: $254,093Net Income 2023: -$16,1232023Revenue 2025: $131,908Expenses 2025: $132,178Net Income 2025: -$2702025

Highlighted filing

2025

Revenue$131,908
Expenses$132,178
Net Income-$270

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Dec 12, 2025
Return Version
2024v5.2
Gross Receipts
$131,908
Mission and Program Overview

Mission

Essex horse trials mission is to promote, educate, train, provide facilities and hold an equestrian competition event annually. The primary benificiary is the greater newark life camp which is a recognized section 501(c)(3) nonprofit entity that provides an enriching day-camp experience for over 300 inner-city youth each summer.

Essex horse trials mission is to promote, educate, train, provide facilities, and hold an equestrian competition event annually. The primary beneficiary is the greater newark life camp which is a recognized section 501(c)(3) nonprofit entity that provides an enriching day-camp experience for over 300 inner-city youth each summer.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,047$97,872▼ $8,175
Cash and Non-Interest-Bearing Accounts$27,233$35,138▲ $7,905
Total Assets$133,280$133,010▼ $270
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$133,280$133,010▼ $270
Total Net Assets Fund Balance$133,280$133,010▼ $270
Total Liabilities and Net Assets / Fund Balance$133,280$133,010▼ $270

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,407$55,557-
Equipment$9,465$131,139-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marilyn PayneTrustee/president
Guy J TorsilieriTrustee/vice President
Ronald a KennedyTrustee/vice President
Brita TanseyTrustee
Gregory StallerTrustee
James C Brady IiiTrustee
Julie BermanTrustee
Morgan G RowsellTrustee
Ralph E JonesTrustee/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$131,908
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$9,249$5,500-$14,749
Fees for Services Accounting-$12,000-$12,000
Depreciation Depletion-$8,175-$8,175
Other Expenses$6,008--$6,008
Office Expenses-$4,725-$4,725
Advertising$2,368--$2,368
Insurance$2,122--$2,122
Total Functional Expenses$101,778$30,400$0$132,178
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Morgan RowsellTrusteeSee NoteNo$21,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Ronald kennedy and guy torsilieri have certain investments/businesses that they own together, primarily commercial rental properties. These jointly owned businesses have no commercial activity with essex horse trials.

Form 990, Part VI, Section B, Line 11B

A partner from the independent accounting firm that compiled the organization's financial statements also reviewed form 990 with the treasurer ralph jones, after which a copy of the form 990 was given to each board member for their detailed review and questions.

Form 990, Part VI, Section B, Line 12C

A formal conflict of interest policy was ratified on 1/4/2018. Compliance is monitored/enforced via required annual filing of a conflict of interest disclosure form from each trustee.

Form 990, Part VI, Section C, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Essex Horse Trials Inc
EIN
22-3042941
Phone
8024406181
Address
PO BOX 469, GLADSTONE, NJ 07934

Signing Officer

Name
Marilyn Payne
Title
Trustee/president
Phone
8024406181
Signed
2025-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn Payne
Formed
1987
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
The Sharpe Group LLC
Address
400 MORRIS AVENUE SUITE 241, DENVILLE, NJ 07843
Preparer
Mitchell Sharpe
Phone
8624011853
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Association fees: program service expenses 0. Management and general expenses 5,500. Fundraising expenses 0. Total expenses 5,500. Charitable contributions: program service expenses 5,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,000. Printing and reproduction: program service expenses 2,426. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,426. Supplies: program service expenses 1,715. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,715. Licenses and permits: program service expenses 108. Management and general expenses 0. Fundraising expenses 0. Total expenses 108.

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055557
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0143964
IRS990ScheduleD/TotalBookValueLandBuildingsAmt097872
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MORGAN ROWSELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt021000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE NOTE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0MORGAN ROWSELL IS THE OWNER OF ROWSELL EQUESTRIAN DESIGN ('R.E.D'). R.E.D. HAS PROVIDED EQUIPMENT, DESIGN, AND CONSTRUCTION SERVICES FOR THE ORGANIZATION'S EQUESTRIAN EVENTS AND FACILITIES. ALL INVOICES SUBMITTED BY R.E.D. TO THE ORGANIZATION ARE REVIEWED AND APPROVED BY TWO TRUSTEES OTHER THAN MORGAN ROWSELL BEFORE THEY ARE PAID.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RONALD KENNEDY AND GUY TORSILIERI HAVE CERTAIN INVESTMENTS/BUSINESSES THAT THEY OWN TOGETHER, PRIMARILY COMMERCIAL RENTAL PROPERTIES. THESE JOINTLY OWNED BUSINESSES HAVE NO COMMERCIAL ACTIVITY WITH ESSEX HORSE TRIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A PARTNER FROM THE INDEPENDENT ACCOUNTING FIRM THAT COMPILED THE ORGANIZATION'S FINANCIAL STATEMENTS ALSO REVIEWED FORM 990 WITH THE TREASURER RALPH JONES, AFTER WHICH A COPY OF THE FORM 990 WAS GIVEN TO EACH BOARD MEMBER FOR THEIR DETAILED REVIEW AND QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A FORMAL CONFLICT OF INTEREST POLICY WAS RATIFIED ON 1/4/2018. COMPLIANCE IS MONITORED/ENFORCED VIA REQUIRED ANNUAL FILING OF A CONFLICT OF INTEREST DISCLOSURE FORM FROM EACH TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ASSOCIATION FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,500. CHARITABLE CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,000. PRINTING AND REPRODUCTION: PROGRAM SERVICE EXPENSES 2,426. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,426. SUPPLIES: PROGRAM SERVICE EXPENSES 1,715. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,715. LICENSES AND PERMITS: PROGRAM SERVICE EXPENSES 108. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0133280
IRS990/TotalAssetsEOYAmt0133010
IRS990/TotalAssetsGrp/BOYAmt0133280
IRS990/TotalAssetsGrp/EOYAmt0133010
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030400
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0101778
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132178
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0133280
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0133010
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0101778
IRS990/TotalProgramServiceRevenueAmt0131908
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131908
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131908
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0133280
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0133010
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 469
IRS990/USAddress/CityNm0GLADSTONE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007934
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARILYN PAYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08024406181
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ESSEX HORSE TRIALS INC
ReturnHeader/Filer/BusinessNameControlTxt0ESSE
ReturnHeader/Filer/EIN0223042941
ReturnHeader/Filer/PhoneNum08024406181
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 469
ReturnHeader/Filer/USAddress/CityNm0GLADSTONE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007934
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0933421404
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE SHARPE GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 MORRIS AVENUE SUITE 241
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007843
ReturnHeader/PreparerPersonGrp/PhoneNum08624011853
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MITCHELL SHARPE
ReturnHeader/ReturnTs02025-12-17T14:19:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-10-01
ReturnHeader/TaxPeriodEndDt02025-09-30
ReturnHeader/TaxYr02024

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