Nonprofit · EIN 13-0888345
JOCKEY CLUB
Tax-exempt · NEW YORK, NY 10177
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,497,578 | $15,592,003 | -$2,094,425 | $81,070,886 | $3,009,686 | $78,061,200 |
| December 31, 2023 | 990 | $12,757,536 | $14,379,838 | -$1,622,302 | $75,496,616 | $3,006,644 | $72,489,972 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,342,178
- Investment income
- $2,145,958
- Net rental income
- $12,873
- Net gain from sales of assets
- $1,706,364
- Other revenue
- $2,009,442
Expenses
- Grants and similar amounts paid
- $1,621,475
- Compensation of officers, directors and key employees
- $2,093,765
- Other salaries and wages
- $2,502,207
- Salaries, compensation and benefits (total)
- $5,112,877
- Professional fundraising fees
- $0
- Legal fees
- $460,034
- Accounting fees
- $96,470
- Occupancy
- $450,657
- Travel
- $336,284
- Depreciation
- $1,310,913
Balance sheet and other
- Total assets, start of year
- $75,496,616
- Total assets, end of year
- $81,070,886
- Total liabilities, end of year
- $3,009,686
- Net assets, end of year
- $78,061,200
- Land, buildings and equipment
- $5,002,906
- Publicly traded securities
- $35,909,911
- Net assets without donor restrictions
- $78,061,200
- Gross unrelated business income
- $837,302
- Gross receipts
- $28,383,950
- Employees
- 34
- Volunteers
- 10
- Year formed
- 1894
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James L Gagliano | President & Chief Operating Officer Officer | 40 | $958,098 | $68,364 |
| Matt Luliano | Executive Vice President & Executive Director Officer | 40 | $496,623 | $53,677 |
| Laura Barillaro | Executive Vice President & Chief Financial Officer Officer | 40 | $473,495 | $40,654 |
| Marc Summers | Vice President & General Counsel Highest-paid employee | 40 | $436,270 | $65,130 |
| Rick Bailey | REGISTRAR Highest-paid employee | 40 | $175,201 | $39,302 |
| Andrew Chesser | Registration Services Manager Highest-paid employee | 40 | $128,204 | $23,111 |
| Jamie Haydon | Deputy Executive Director Officer | 10 | $39,468 | $2,855 |
| Ian Highet | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Stuart S Janney III | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| William M Lear Jr | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| William S Farish Jr | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Alex R Rankin | Steward Trustee or director | 0.5 | $0 | $0 |
| Barbara Banke | Steward Trustee or director | 0.5 | $0 | $0 |
| David O'Farrell | Steward (as of 07/2024) Trustee or director | 0.5 | $0 | $0 |
| Dr Larry R Bramlage | Steward (through 07/2024) Trustee or director | 0.5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Everett Dobson | Steward (as of 07/2024) Trustee or director | 2 | $0 |
| Gary Fenton | Steward (as of 07/2024) Trustee or director | 0.5 | $0 |
| Louis A Cella | Steward Trustee or director | 0.5 | $0 |
| Terry Finley | Steward Trustee or director | 0.5 | $0 |
| Vincent Viola | Steward (as of 07/2024) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James L Gagliano | President & Chief Operating Officer Officer | 40 | $932,557 | $72,277 |
| Matt Luliano | Executive Vice President & Executive Director Officer | 40 | $487,584 | $57,145 |
| Laura Barillaro | Executive Vice President & Chief Financial Officer Officer | 40 | $463,343 | $40,661 |
| Marc Summers | Vice President & General Counsel Highest-paid employee | 40 | $428,155 | $67,114 |
| Rick Bailey | REGISTRAR Highest-paid employee | 40 | $171,159 | $24,430 |
| Erica Lapp | Controller Highest-paid employee | 40 | $158,782 | $10,734 |
| Samantha Randazzo | The Jockey Club Steward Highest-paid employee | 40 | $145,460 | $22,984 |
| Andrew Chesser | Registration Services Manager Highest-paid employee | 40 | $115,537 | $23,887 |
| Ian Highet | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Stuart S Janney III | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| William M Lear Jr | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Alex R Rankin | Steward Trustee or director | 1 | $0 | $0 |
| Barbara Banke | Steward Trustee or director | 1 | $0 | $0 |
| Dr Larry R Bramlage | Steward Trustee or director | 1 | $0 | $0 |
| Louis A Cella | Steward Trustee or director | 1 | $0 | $0 |
| Terry Finley | Steward (As of August 2023) Trustee or director | 1 | $0 | $0 |
| Vincent Viola | Steward (Through August 2023) Trustee or director | 1 | $0 | $0 |
| William S Farish Jr | Steward Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 250 PARK AVE STE 2020, NEW YORK, NY 10177-2021
- Principal officer (990 for 2024)
- James Gagliano, 250 Park Ave Suite 2020, New York, NY 10177
- Signed the 990
- Laura Barillaro, Executive Vice President & CFO
- Phone
- (212) 371-5970
- Website
- www.jockeyclub.com
- Return prepared by
- CROWE LLP
Mission
The organization is dedicated to the improvement of thoroughbred breeding and racing. It fulfills that mandate by serving many segments of the industry through its subsidiary companies and by providing support to a wide range of industry initiatives.
Program accomplishments
- THE JOCKEY CLUB IS THE BREED REGISTRY FOR THOROUGHBRED HORSES IN THE UNITED STATES, CANADA, AND PUERTO RICO. THE JOCKEY CLUB WAS FORMED IN 1894 AND ASSUMED RESPONSIBILITY FOR MAINTAINING THE AMERICAN STUD BOOK TWO YEARS LATER. THE STUD BOOK ENSURES THE CORRECT PEDIGREE AND IDENTIFICATION OF EVERY THOROUGHBRED AND, AS SUCH, IS ESSENTIAL TO THE INTEGRITY OF THOROUGHBRED BREEDING AND RACING. NORTH AMERICAN OWNERS AND BREEDERS REGISTER APPROXIMATELY 18,000 THOROUGHBREDS ANNUALLY WITH THE JOCKEY CLUB. AN INCREASING NUMBER ARE DOING SO THROUGH THE CONVENIENCE OF THE INTERNET UTILIZING THE JOCKEY CLUB'S INTERACTIVE REGISTRATION (IR). THIS IS THE QUICKEST AND EASIEST WAY TO COMPLETE AND SUBMIT THE REQUIREMENTS FOR REGISTRATION AND NAMING OF FOALS, INCLUDING SUBMISSION OF DIGITAL PHOTOGRAPHS. THE ORGANIZATION IS EXPECTED TO REGISTER 18,000 THOROUGHBRED FOALS IN 2024.
- CONFERENCES: SINCE 1953, THE JOCKEY CLUB HAS HELD AN ANNUAL ROUND TABLE CONFERENCE ON MATTERS PERTAINING TO RACING IN SARATOGA SPRINGS, NY. THE TWO-HOUR CONFERENCE HAS FEATURED A MYRIAD OF IMPORTANT TOPICS AND PROMINENT SPEAKERS FROM THE UNITED STATES AS WELL AS ABROAD AND MORE THAN 300 INDUSTRY PARTICIPANTS NOW ATTEND. THE CONFERENCE EXAMINES INITIATIVES AND ACTIONS DESIGNED TO HELP THE THOROUGHBRED INDUSTRY.
- THE PUBLICATION OF THE FACT BOOK, WHICH IS A COMPREHENSIVE STATISTICAL AND INFORMATIONAL GUIDE TO THE THOROUGHBRED INDUSTRY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-0888345
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N69Z)
- Assets (IRS master file)
- $81,070,886
- Income (IRS master file)
- $28,383,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,497,578 | $15,592,003 | $81,070,886 | IRS |
| 990 | December 2023 | $12,757,536 | $14,379,838 | $75,496,616 | XML |
| 990 | December 2022 | $15,096,430 | $17,798,587 | $65,771,192 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-0888345).
Questions about JOCKEY CLUB
- What is the EIN of JOCKEY CLUB?
- The employer identification number (EIN) of JOCKEY CLUB is 13-0888345.
- Is JOCKEY CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1990.
- Are donations to JOCKEY CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JOCKEY CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JOCKEY CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOCKEY CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of JOCKEY CLUB?
- The 990 for the year ended December 31, 2024 names James Gagliano.
- Who are the officers and directors of JOCKEY CLUB?
- The 990 for the year ended December 31, 2024 lists 20 people; 7 received compensation from the organization, the highest $958,098 (James L Gagliano, President & Chief Operating Officer).
- How much revenue does JOCKEY CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,497,578, expenses of $15,592,003 and total assets of $81,070,886 at year end.
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