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Nonprofit · EIN 21-6001631

THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY

Tax-exempt · W LONG BRANCH, NJ 07764

Financials

$1.6M$1.9M2023$1.6M$2M2024$1.5M$1.8M2025
Revenue Expenses · by fiscal year end
Financials of THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,520,192$1,772,299-$252,107$549,245$438,911$110,334
December 31, 2024990$1,576,217$1,970,820-$394,603$442,999$80,558$362,441
December 31, 2023990$1,619,258$1,926,056-$306,798$1,124,448$367,404$757,044
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$8,350
Membership dues
$8,350
Program service revenue
$1,487,414
Investment income
$3,851
Net income from fundraising events
$20,577
Other revenue
$20,577

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$100,000
Salaries, compensation and benefits (total)
$120,523
Professional fundraising fees
$0
Accounting fees
$24,450
Occupancy
$21,449
Travel
$237
Program services (functional)
$1,698,657
Management and general (functional)
$73,642

Balance sheet and other

Total assets, start of year
$442,999
Total assets, end of year
$549,245
Total liabilities, end of year
$438,911
Net assets, end of year
$110,334
Net assets without donor restrictions
$110,334
Gross receipts
$1,520,192
Employees
1
Volunteers
0
Year formed
1945
State of legal domicile
NJ

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL CAMBELLEXECUTIVE DIRECTOR
Officer
40$100,000
LAWRENCE FLEMINGTREASURER
Trustee or director, Officer
5$0
JOE COLESTRUSTEE
Trustee or director, Officer
5$0
JANET LASZLOVICE PRESIDENT
Trustee or director, Officer
5$0
RORY HUSTONPRESIDENT
Trustee or director, Officer
5$0
NICK SACCOTRUSTEE
Trustee or director
5$0
ANTHONY MARGOTTA JRTRUSTEE
Trustee or director
5$0
DIANE SIMONCINITRUSTEE
Trustee or director
5$0
JAMES FRANGELLATRUSTEE
Trustee or director
5$0
CHARLES KROMANNTRUSTEE
Trustee or director
5$0
990 for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
LAWRENCE FLEMINGTREASURER
Trustee or director, Officer
5$0
JOE COLESTRUSTEE
Trustee or director, Officer
5$0
JANET LASZLOVICE PRESIDENT
Trustee or director, Officer
5$0
RORY HUSTONPRESIDENT
Trustee or director, Officer
5$0
NICK SACCOTRUSTEE
Trustee or director
5$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
LAWRENCE FLEMINGTREASURER
Trustee or director, Officer
5$0
JOE COLESTRUSTEE
Trustee or director, Officer
5$0
JANET LASZLOVICE PRESIDENT
Trustee or director, Officer
5$0
RORY HUSTONPRESIDENT
Trustee or director, Officer
5$0
NICK SACCOTRUSTEE
Trustee or director
5$0

Address and contacts

Address (IRS master file)
265 STATE ROUTE 36 STE 1R, W LONG BRANCH, NJ 07764-1036
Mailing address (990-N for 2022)
265 Highway 36, West long Branch NJ 07764
Principal officer (990 for 2025)
MICHAEL CAMPBELL, 265 HIGHWAY 36, W LONG BRANCH, NJ 07764
Principal officer (990-N for 2022)
Michael Campbell, 265 Highway 36, West long Branch NJ 07764
Signed the 990
MICHAEL CAMPBELL, EXECUTIVE DIRECTOR
Phone
(732) 542-8880
Return prepared by
SMOLIN LUPIN & CO LLC

Mission

THE ASSOCIATION SEEKS TO PROMOTE AND FURTHER THE THOROUGHBRED BREEDING INDUSTRY IN NEW JERSEY. THE ASSOCIATION IS ENGAGED IN PROGRAMS FOR THE ENCOURAGEMENT AND IMPROVEMENT OF THE BREEDING OF THOROUGHBRED HORSES IN THE STATE OF NEW JERSEY

990 for the year ended December 31, 2025

Program accomplishments

  • DISTRIBUTE BREEDER'S AWARDS TO BREEDERS, STALLION OWNERS AND OWNERS OF REGISTERED NEW JERSEY-BRED HORSES FINISHING FIRST, SECOND OR THIRD IN OPEN OR RESTRICTED RACES.
    Expenses $1,698,657 · revenue $1,487,414

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
21-6001631
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1948
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$549,245
Income (IRS master file)
$1,520,192

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,520,192$1,772,299$549,245IRS
990December 2024$1,576,217$1,970,820$442,999IRS
990December 2023$1,619,258$1,926,056$1,124,448XML
990-N for 2022
Officer: Michael Campbell
December 31, 2022≤ $50,000 receipts––e-Postcard
990December 2022$1,881,048$1,989,298$1,160,741IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 21-6001631).

Questions about THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY

What is the EIN of THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY?
The employer identification number (EIN) of THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY is 21-6001631.
Is THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1948.
Are donations to THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY 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 THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY?
The 990 for the year ended December 31, 2025 names MICHAEL CAMPBELL.
Who are the officers and directors of THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $100,000 (MICHAEL CAMBELL, EXECUTIVE DIRECTOR).
How much revenue does THOROUGHBRED BREEDERS ASSOCIATION OF NEW JERSEY have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,520,192, expenses of $1,772,299 and total assets of $549,245 at year end.

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