2025-11-17T15:14:52-06:00 2024-12-31 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2024-01-01 232694644 PA THOROUGHBRED HORSEMEN'S ASSOC INC PATH 2156382012 PO BOX 300 BENSALEM PA 19020 JEFFREY A MATTY JR EXECUTIVE DIRECTOR 2156382021 2025-11-12 1 1 JEANETTEE M GRICK-HASSIS CPA P00740150 6103781175 2025-11-12 2024 2025-03-06 01:10:19Z JEFFREY A MATTY JR PO BOX 300 BENSALEM PA 19020 2779055 0 X WWW.PATHA.ORG X 1992 PA THE PENNSYVANIA THOROUGHBRED HORSEMEN'S ASSOCIATION (PTHA) WORKS HARD TO PROTECT AND PROVIDE FOR THE PARX RACING HORSEMEN THROUGH THE GUARANTEE OF LIVE RACING, HORSEMEN'S RIGHTS, HEALTH CARE AND PENSION FOR HORSEMEN, BENEVOLENCE PROGRAMS, AND MORE. 11 5 6 0 9000 8000 0 186640 1955073 1669218 353766 554228 0 0 2308839 2410086 0 0 0 0 449372 735897 0 0 0 1261116 1041464 1710488 1777361 598351 632725 10281629 10300795 8841497 8345922 1440132 1954873 THE PENNSYVANIA THOROUGHBRED HORSEMEN'S ASSOCIATION (PTHA) WORKS HARD TO PROTECT AND PROVIDE FOR THE PARX RACING HORSEMEN THROUGH THE GUARANTEE OF LIVE RACING, HORSEMEN'S RIGHTS, HEALTH CARE AND PENSION FOR HORSEMEN, BENEVOLENCE PROGRAMS, AND MORE. 0 0 1340741 1759401 REPRESENTS COMMON BUSINESS INTEREST OF ITS MEMBERS AND PROMOTES THOROUGHBRED RACING. 248178 259050 PROMOTE LIVE THOROUGHBRED RACING THROUGH CABLE TV SHOW LET'S GO RACING AND OTHER MARKETING INITIATIVES. 58230 INFORM MEMBERSHIP OF WHAT IS GOING ON AT NATIONAL, STATE, AND LOCAL LEVELS ON MATTERS EFFECTING THE RACING INDUSTRY THROUGH NEWSLETTERS. 1647149 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 59 0 1 6 1 1 1 0 0 0 0 0 0 0 X 11 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X VICTOR COLLAZO 2156382012 2786 GALLOWAY ROAD BENSALEM PA 19020 X JEFFREY A MATTY JR EXECUTIVE DIRECTOR/SECRETA 40.00 X X 233400 0 30031 EDWARD COLETTI JR DIRECTOR 3.00 X 0 0 37188 JOHN C SERVIS DIRECTOR 3.00 X 0 0 31284 KATHLEEN DEMASI VICE PRESIDENT 3.00 X X 0 0 25976 JACK ARMSTRONG DIRECTOR 3.00 X 0 0 0 CHARLES ASENSIO TREASURER 3.00 X X 0 0 0 SCOTT LAKE DIRECTOR 3.00 X 0 0 36359 ROBERT HUTT PRESIDENT 5.00 X X 0 0 0 ROBERT E REID JR DIRECTOR 3.00 X 0 0 32467 JOHN FANELLI DIRECTOR 3.00 X 0 0 0 JOHN JULIA DIRECTOR 3.00 X 0 0 0 MARIA MANGINI DIRECTOR OF OPERATIONS 40.00 X 111005 0 35819 VICTOR COLLAZO DIRECTOR OF FINANCE & ACCOUNTING 40.00 X 146005 0 34982 490410 0 264106 3 0 1 0 THE WORKSHOP LLC 3910 ADLER PLACE SUITE 104 BETHLEHEM PA 18017 SMARTY JONES DOCUMENTARY 149000 WOJDAK GOVERNMENT RELATIONS 200 SOUTH BROAD STREET PHILADELPHIA PA 19102 LOBBYIST 129600 2 186640 186640 PROGRAM SERVICES 561499 1669218 1669218 1669218 358615 349233 9000 382 564582 368969 195613 195613 195613 2410086 2018451 9000 195995 490410 441369 49041 198802 178922 19880 46685 42016 4669 148410 140989 7421 16386 15567 819 129600 123120 6480 3111 3111 86535 77881 8654 25027 24061 966 41040 32832 8208 57023 57023 61624 61624 8664 61143 40762 20381 UBTI TAX 779 779 THE MATCH SERIES 248178 248178 MEMBER DIRECTED CONTRIB 114960 114960 FLOWERS, GIFTS AND AWAR 65432 52346 13086 -26448 -4501 -21947 1777361 1647149 121548 0 6641112 6888718 2765543 2339539 13633 16476 374621 191369 48524 183252 671971 529454 140846 343356 10281629 10300795 206357 214358 0 8635140 8131564 8841497 8345922 X 1440132 1954873 1440132 1954873 10281629 10300795 632725 -157579 39596 0 X X 0 1 X 1 0 0 0 PENNSYLVANIA THOROUGHBRED HORSEMEN'S POLITICAL ACTION COMMITTEE 2786 GALLOWAY ROAD BENSALEM PA 19020 232864236 117280 SCHEDULE C, PART I-A, LINE 1 PTHA PAYS AN INDEPENDENT CONTRACTOR FOR LOBBYING ON BEHALF OF THEIR MEMBERS, AS DISCLOSED IN PART VII, SECTION B. IN ADDITION, PENNYSLVANIA THOROUGHBRED HORSEMEN'S POLITICAL ACTION COMMITTEE (PAC) SHARES COMMON CONTROL AND ECONOMIC INTEREST WITH PTHA. 2410 2410 372211 191369 180842 183252 AGENCY FUNDS 8131564 8131564 2249396 -157579 -157579 2406975 3111 3111 2410086 1774249 0 1774249 3111 3111 1777360 X X 0 0 0 JEFFREY A MATTY JR EXECUTIVE DIRECTOR/SECRETA 233400 0 0 0 0 0 11670 0 18361 0 263431 0 0 0 VICTOR COLLAZO DIRECTOR OF FINANCE & ACCOUNTING 146005 0 0 0 0 0 7300 0 27682 0 180987 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS AS DEFINED BY THE BYLAWS. A MEMBER IS AN OWNER OR A TRAINER HAVING A HORSE OR HORSES RACE IN A CERTAIN NUMBER OF RACES AT THE RACE TRACK WITHIN A DEFINED TIME FRAME. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD MEMBERS AND THE PRESIDENT. MANAGEMENT OF THE DAY TO DAY AFFAIRS OF THE ENTITIES IS DESIGNATED TO THE BOARD. THE BOARD DESIGNATES DAY TO DAY MANAGMENT TO THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS DO NOT MAKE ANY DECISIONS OTHER THAN THE ELECTION OF THE BOARD MEMBERS AND THE PRESIDENT. THE BOARD MAKES ALL BINDING DECISIONS FOR THE ORGANIZATION. THE EXECUTIVE DIRECTOR AND THE PRESIDENT ARE ADVISORS TO THE BOARD. CURRENTLY THE EXECUTIVE DIRECTOR AND THE PRESIDENT ARE ALSO CURRENTLY ELECTED BOARD MEMBERS. THE EXECUTIVE DIRECTOR IS THE BOARD MEMBER DESIGNATED AS NOT INDEPENDENT ON THE 990 SINCE HE IS A COMPENSATED EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE & ACCOUNTING (DFA) REVIEWS THE TAX RETURN AND FINALIZES DRAFT RETURN WITH PREPARER. THE DFA CIRCULATES THE DRAFT TAX RETURN VIA EMAIL TO THE BOARD FOR REVIEW. THE DFA GIVE THE BOARD A WEEK TO REVIEW AND RESPOND WITH ANY QUESTIONS OR COMMENTS BEFORE FINALIZING THE DRAFT FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS ESTABLISHED A CONFLICT OF INTEREST POLICY AND HAS INFORMED ALL EMPLOYEES AND DIRECTORS OF THEIR RESPONSIBILITY TO REPORT ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST TO ANY BOARD MEMBER OR OFFICER AS SOON AS THEY ARE AWARE OF THE CONFLICT OR POTENTIAL CONFLICT. THERE IS AN ANNUAL WRITTEN REPORTING REQUIREMENT. MANAGEMENT SAYS IT IS COMPLIANT WITH THIS POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION GIVES THE PUBLIC ACCESS TO ITS 990 FORM UPON WRITTEN REQUEST. THE AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION WHEN AVAILABLE ARE POSTED BY REGULATORY AGENCIES OF PA TO ITS PA WEBISTE AND CAN BE ACCESSED BY THE PUBLIC. IT DOES NOT MAKE PUBLIC ITS GOVERNING POLICIES OR CONFLICT OF INTEREST DOCUMENTS AND PROCEDURES. IF IT EVER RECEIVES A WRITTEN REQUEST FOR SUCH INFORMATION A BOARD MEETING WOULD BE SCHEDULED TO DISCUSS A RESPONSE. GOVERNING BODY DECISIONS (PART VI, LINE 8A) ALL BOARD MEETINGS ARE DOCUMENTED BY THE OFFICE MANAGER AND ASSISTANT SECRETARY. COMMITTEE MEETING DOCUMENTATIONN (PART VI, LINE 8B) THE BOARD AND OR THE PRESIDENT OR EXECUTIVE DIRECTOR MAY APPOINT COMMITTEES TO ASSIST THEM IN ADMINISTRATING THE AFFAIRS OF THE ORGANIZATION. HOWEVER, NONE OF THESE COMMITTEES HAVE RULE MAKING AUTHORITY. ALL RULE MAKING AUTHORITY IS RESERVED FOR THE BOARD. SUCH COMMITTEES ARE RESPONSIBLE FOR MAINTAINING DOCUMENTATION OF ITS MEETINGS AND RECOMMENDATIONS AND DOES NOT PROVIDE COPIES OF ITS DOCUMENTATION TO THE ADMINISTRATION OFFICE STAFF. CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT COMP (PART VI, LINE 15A) THE BOARD OF DIRECTORS DISCUSSED AND APPROVED THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE BOARD MADE EFFORTS TO IDENTIFY COMPARABLE COMPENSATION LEVELS; HOWEVER, THERE ARE ONLY A LIMITED NUMBER OF SIMILAR POSITIONS AVAILABLE FOR COMPARISON. THE EXECUTIVE DIRECTOR'S SALARY WAS APPROVED BY THE BOARD UNDER A THREE-YEAR CONTRACT EFFECTIVE FROM JANUARY 2023 THROUGH DECEMBER 2025. THE SALARIES OF THE DIRECTOR OF OPERATIONS AND THE DIRECTOR OF FINANCE AND ACCOUNTING WERE APPROVED BY THE PRESIDENT, IN CONSULTATION WITH THE EXECUTIVE DIRECTOR AND TREASURER. THESE THREE INDIVIDUALS THE EXECUTIVE DIRECTOR, DIRECTOR OF OPERATIONS, AND DIRECTOR OF FINANCE AND ACCOUNTING ARE THE ONLY COMPENSATED OFFICERS OF THE ORGANIZATION. OTHER OFFICER OR KEY EMPLOYEE COMPENSATION (PART VI, LINE 15B) THE EXECUTIVE DIRECTOR'S SALARY WAS APPROVED BY THE BOARD UNDER A THREE-YEAR CONTRACT EFFECTIVE FROM JANUARY 2023 THROUGH DECEMBER 2025. THE SALARIES OF THE DIRECTOR OF OPERATIONS AND THE DIRECTOR OF FINANCE AND ACCOUNTING WERE APPROVED BY THE PRESIDENT, IN CONSULTATION WITH THE EXECUTIVE DIRECTOR AND TREASURER. IT IS DIFFICULT TO FIND A COMPARABLE ORGANIZATION IN A SIMILAR INDUSTRY IN PA. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS ARE RESPONSIBLE FOR MANAGING FOUR SEPARATE ENTITIES RELATED BY COMMON CONTROL. ALL COMPENSATION OF OFFICERS AND DIRECTORS, IF ANY, IS PAID FOR BY PA THOROUGHBRED HORSEMENS ASSOCIATION, INC. SOME OF IT MAY BY ALLOCATED TO RELATED ENTITIES. THE BOARD BELIEVES THE COMPENSATION IT APPROVES FOR THE EXECUTIVE DIRECTOR AND OTHER OFFICERS IS REASONABLE FOR THE SERVICES PERFORMED. GOVERNING DOCUMENTS, ETC, AVAILABLE TO PUBLIC (PART VI, LINE 19) THE ORGANIZATION GIVES THE PUBLIC ACCESS TO ITS 990 FORM UPON WRITTEN REQUEST. THE AUDITED FINANCIAL STATEMENTS OF THE ORGANIZATION WHEN AVAILABLE ARE POSTED BY REGULATORY AGENCIES OF PA TO ITS PA WEBISTE AND CAN BE ACCESSED BY THE PUBLIC. IT DOES NOT MAKE PUBLIC ITS GOVERNING POLICIES OR CONFLICT OF INTEREST DOCUMENTS AND PROCEDURES. IF IT EVER RECEIVES A WRITTEN REQUEST FOR SUCH INFORMATION A BOARD MEETING WOULD BE SCHEDULED TO DISCUSS A RESPONSE. THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON THE IRS WEBSITE. FORM 990, PART VII, SECTION A, COLUMN F BY STATE STATUTE THE PARENT ORGANIZATION IS REQUIRED TO PROVIDE HEALTHCARE INSURANCE BENEFITS FOR ITS TRAINER MEMBERS BASED ON CERTAIN ELIGIBILITY REQUIREMENTS. AS SUCH THE TRAINER DIRECTORS RECEIVE HEALTHCARE INSURANCE BENEFITS FROM THE PARENT ORGANIZATION WHEN THEY MEET ELIGIBILITY CRITERIA AS APPROVED BY THE PENNSYLVANIA GAMING CONTROL BOARD. THE MONETARY VALUE OF THESE BENEFITS ARE REFLECTED IN PART VII, SECTION A, COLUMN F. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR TURNING FOR HOME INC PO BOX 300 BENSALEM PA 19020 262698385 RETIREMENT OF RACE HOURSES PA 501(C)(3) LINE 10 N/A 1 PTHA CHARITIES INC PO BOX 300 BENSALEM PA 19020 852731013 PROVIDE ESSENTIALS, EDUCATION AND EXPERIENCES TO STABLE EMPLOYEES AND FAMILY PA 501(C)(3) LINE 10 1 HORSEMENS PURCHASING ASSOC INC PO BOX 300 BENSALEM PA 19020 232827432 SALE OF HORSE PRODUCTS PA PA THOROUGHBRED HORSEMEN'S ASSOC INC C 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1 1 TURNING FOR HOME INC C 23145 COST HORSEMENS PURCHASING ASSOC INC O 73792 COST TURNING FOR HOME INC P 2000 COST HORSEMENS PURCHASING ASSOC INC D 100000 COST HORSEMENS PURCHASING ASSOC INC A 9000 COST