2024-11-15T11:55:25-08:00 2023-12-31 854040490 BRM PROFESSIONAL GROUP LLC 1011 HIGHWAY 71 SPRING LAKE NJ 07762 990 2023-01-01 222904953 NJ THOROUGHBRED HORSEMEN'S ASSOCIATION INC NJTH 7322228081 175 OCEANPORT AVENUE OCEANPORT NJ 07757 MICHAEL MUSTO EXECUTIVE DIRECTOR 7322228081 2024-11-15 true true BRIAN R MOBERG CPA P01216688 7329740551 2024-11-15 2023 2024-10-15 13:58:12Z MICHAEL MUSTO EXEC DIR 175 OCEANPORT AVE OCEANPORT NJ 07757 970541 false X N/A X 1988 NJ 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. 8 8 1 0 0 0 0 0 101734 6386544 868807 6386544 970541 0 0 232322 233590 0 0 5563472 4831249 5795794 5064839 590750 -4094298 11717110 10926089 64480917 68604055 -52763807 -57677966 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. false false 3426002 NJTHA, INC. REPRESENTS THOROUGHBRED OWNERS AND TRAINERS INTERESTS IN THE STATE OF NJ SPECIFICALLY TO IMPROVE RACING CONDITIONS IN THE THOROUGHBRED INDUSTRY FOR ALL HORSEMEN AND THEIR EMPLOYEES AND PROMOTE THE COMMON BUSINESS INTEREST OF THE MEMBERS IN MATTERS BEFORE GOVERNMENT AGENCIES, THE MANAGEMNT OF NJ THOROUGHBRED RACETRACKS AND OTHER INDUSTRY RELATED ORGANIZATIONS. THE NJTHA RECEIVES SUBSTANTIALLY ALL OF ITS REVENUE FROM NJ HORSE RACING TRACKS. 3426002 false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true false false false true 0 0 1 true false false false false false false false false false false X 8 8 false false false false true true false true true false false true false false false true true false X EXECUTIVE DIRECTOR 7322228081 AS ADDRESSED NJ 07757 PAT MCBURNEY PRESIDENT 0.00 X X 0 0 0 MICHAEL A MUSTO EXEC. DIRECTOR 40.00 X X 195000 0 0 TIMOTHY HILLS VICE PRESIDENT 0.00 X X 0 0 0 DOMINIC J BOSSONE DIRECTOR 0.00 X 0 0 0 JAMES CAHILL DIRECTOR 0.00 X 0 0 0 BOB MATTHIES DIRECTOR 0.00 X 0 0 0 THOMAS SWALES DIRECTOR 0.00 X 0 0 0 BENJAMIN PERKINS JR DIRECTOR 0.00 X 0 0 0 195000 0 0 1 false true false 101734 0 0 22135 22135 22135 22135 STATUTORY FUNDING 900099 600000 600000 0 0 NON-STATUTORY FUNDING 900099 246672 246672 0 0 RACETRACK OPERATING 900099 0 0 0 0 846672 970541 970541 0 0 195000 136500 58500 0 25500 17850 7650 0 13090 9163 3927 0 250000 175000 75000 0 150 105 45 0 3861 2703 1158 0 1299272 909490 389782 0 861 603 258 0 PROFIT INCENTIVE FEE 2538293 1776805 761488 0 PAYROLL SERVICE FEES 1983 1388 595 0 736829 396395 340434 0 5064839 3426002 1638837 0 96693 8644 27074 65 120377 151379 22014909 11248908 11472966 10766001 11717110 10926089 3800145 4102970 0 268436 0 60412336 64501085 64480917 68604055 X -52763807 -57677966 -52763807 -57677966 11717110 10926089 -4094298 -819861 X false true X true false 0 0 16535919 6637477 9898442 3136286 2357320 778966 2342704 2254111 88593 10766001 DUE TO DARBY DEVELOPMENT LLC 63435681 INVESTMENT IN RESTAURANT 1065404 64501085 X 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, 2020 false false false MICHAEL A MUSTO 195000 0 0 0 0 0 25500 0 0 0 220500 0 25100 0 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 Form 990, Part IX, Line 24e MEDICAL BENEFITS 414010. 414010. Form 990, Part IX, Line 24e GAIN ON RESTAURANT INVESTMENT -17615. -17615. Form 990, Part IX, Line 24e LEGAL OUTSIDE BUDGET 340434. 0. 340434. NJTHA SSF 175 OCEANPORT AVE OCEANPORT NJ 07757 205885030 SEE ATTACHED NJ 527 NJTHA INC BLUE GRASS SPIRITS LLC 25 RECKLESS PLACE RED BANK NJ 07701 811349435 RESTAURANT NJ 0 17615 false 17615 true 0.99000 NJ THOROUGHBRED HORSEMAN'S BENEVOLENT ASSOC 175 OCEANPORT AVE OCEANPORT NJ 07757 226556088 SEE ATTACHED NJ NJTHA INC T 0.00000 false false false false false false false false false false false false false false false true false false false TRANSFER OF FUNDS FOR COVERING EXPENSES OF THE TRUST P 414010 FAIR MARKET VALUE