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Nonprofit · EIN 23-2694644

PA THOROUGBRED HORSEMENS ASSOC INC

Tax-exempt · BENSALEM, PA 19020

Financials

$2.3M$1.7M2023$2.4M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of PA THOROUGBRED HORSEMENS ASSOC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,410,086$1,777,361$632,725$10,300,795$8,345,922$1,954,873
December 31, 2023990$2,308,839$1,710,488$598,351$10,281,629$8,841,497$1,440,132
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$186,640
Program service revenue
$1,669,218
Investment income
$554,228
Net gain from sales of assets
$195,613
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$490,410
Other salaries and wages
$198,802
Salaries, compensation and benefits (total)
$735,897
Professional fundraising fees
$0
Legal fees
$148,410
Accounting fees
$16,386
Travel
$57,023
Depreciation
$8,664
Program services (functional)
$1,647,149
Management and general (functional)
$121,548

Balance sheet and other

Total assets, start of year
$10,281,629
Total assets, end of year
$10,300,795
Total liabilities, end of year
$8,345,922
Net assets, end of year
$1,954,873
Land, buildings and equipment
$183,252
Publicly traded securities
$529,454
Net assets without donor restrictions
$1,954,873
Gross unrelated business income
$9,000
Gross receipts
$2,779,055
Employees
6
Volunteers
0
Year formed
1992
State of legal domicile
PA

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.

NameTitleHours / weekCompensationOther / benefits
JEFFREY A MATTY JREXECUTIVE DIRECTOR/SECRETA
Trustee or director, Officer
40$233,400$30,031
VICTOR COLLAZODIRECTOR OF FINANCE & ACCOUNTING
Officer
40$146,005$34,982
MARIA MANGINIDIRECTOR OF OPERATIONS
Officer
40$111,005$35,819
EDWARD COLETTI JRDIRECTOR
Trustee or director
3$0$37,188
SCOTT LAKEDIRECTOR
Trustee or director
3$0$36,359
ROBERT E REID JRDIRECTOR
Trustee or director
3$0$32,467
JOHN C SERVISDIRECTOR
Trustee or director
3$0$31,284
KATHLEEN DEMASIVICE PRESIDENT
Trustee or director, Officer
3$0$25,976
JACK ARMSTRONGDIRECTOR
Trustee or director
3$0$0
CHARLES ASENSIOTREASURER
Trustee or director, Officer
3$0$0
ROBERT HUTTPRESIDENT
Trustee or director, Officer
5$0$0
JOHN FANELLIDIRECTOR
Trustee or director
3$0$0
JOHN JULIADIRECTOR
Trustee or director
3$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
JEFFREY A MATTY JREXECUTIVE DIRECTOR/SECRETA
Trustee or director, Officer
40$243,528$24,198
EDWARD COLETTI JRDIRECTOR
Trustee or director
3$0$34,842
JOHN C SERVISDIRECTOR
Trustee or director
3$0$34,146
SCOTT LAKEDIRECTOR
Trustee or director
3$0$32,203
ROBERT E REID JRDIRECTOR
Trustee or director
3$0$27,045
KATHLEEN DEMASIVICE PRESIDENT
Trustee or director, Officer
3$0$23,957
JACK ARMSTRONGDIRECTOR
Trustee or director
3$0$0
CHARLES ASENSIOTREASURER
Trustee or director, Officer
3$0$0
ROBERT HUTTPRESIDENT
Trustee or director, Officer
5$0$0
JOHN FANELLIDIRECTOR
Trustee or director
3$0$0
JOHN JULIADIRECTOR
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
PO BOX 300, BENSALEM, PA 19020-0300
In care of
% PENNSYLVANIA THOROUGHBRED HORSEME
Principal officer (990 for 2024)
JEFFREY A MATTY JR, PO BOX 300, BENSALEM, PA 19020
Signed the 990
JEFFREY A MATTY JR, EXECUTIVE DIRECTOR
Phone
(215) 638-2012
Return prepared by
HERBEIN COMPANY INC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • REPRESENTS COMMON BUSINESS INTEREST OF ITS MEMBERS AND PROMOTES THOROUGHBRED RACING.
    Expenses $1,340,741 · revenue $1,759,401
  • PROMOTE LIVE THOROUGHBRED RACING THROUGH CABLE TV SHOW LET'S GO RACING AND OTHER MARKETING INITIATIVES.
    Expenses $248,178 · revenue $259,050
  • INFORM MEMBERSHIP OF WHAT IS GOING ON AT NATIONAL, STATE, AND LOCAL LEVELS ON MATTERS EFFECTING THE RACING INDUSTRY THROUGH NEWSLETTERS.
    Expenses $58,230

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2694644
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,300,795
Income (IRS master file)
$2,779,055

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,410,086$1,777,361$10,300,795XML
990December 2023$2,308,839$1,710,488$10,281,629XML
990December 2022$1,879,490$2,226,487$9,126,323IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 23-2694644).

Questions about PA THOROUGBRED HORSEMENS ASSOC INC

What is the EIN of PA THOROUGBRED HORSEMENS ASSOC INC?
The employer identification number (EIN) of PA THOROUGBRED HORSEMENS ASSOC INC is 23-2694644.
Is PA THOROUGBRED HORSEMENS ASSOC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
Which annual return does PA THOROUGBRED HORSEMENS ASSOC INC 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 PA THOROUGBRED HORSEMENS ASSOC INC 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 PA THOROUGBRED HORSEMENS ASSOC INC 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 PA THOROUGBRED HORSEMENS ASSOC INC?
The 990 for the year ended December 31, 2024 names JEFFREY A MATTY JR.
Who are the officers and directors of PA THOROUGBRED HORSEMENS ASSOC INC?
The 990 for the year ended December 31, 2024 lists 13 people; 3 received compensation from the organization, the highest $233,400 (JEFFREY A MATTY JR, EXECUTIVE DIRECTOR/SECRETA).
How much revenue does PA THOROUGBRED HORSEMENS ASSOC INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,410,086, expenses of $1,777,361 and total assets of $10,300,795 at year end.

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