New Jersey Thoroughbred Horsemen

7/16/2023 NEW JERSY THOROUBRED HORESMANS BENEVOLENT ASSOCIATION INC - Full Filing- Nonprofit Explorer - ProPublica
efile Public Visual Render ObjectId: 202203199349314
Form 990 Return of Organization Ex

Under section 501(c), 527, or 4947(a)(1) of the Inte
Do not enter social security numbers o
Department of the Treasury Go to www.irs.gov/Form990 for inst

Internal Revenue Service
A For the 2021 calendar year, or tax year beginning 01-01-2021 ,

C Name of organization
B Check if applicable:
NJ THOROUGHBRED HORSEMEN'S ASSOCIATION INC
Address change
Name change
Initial return Doing business as
Final return/terminated
Amended return Number and street (or P.O. box if mail is not delivered to stre
Application pending 175 OCEANPORT AVENUE
City or town, state or province, country, and ZIP or foreign po

OCEANPORT, NJ 07757
F Name and address of principal officer:

MICHAEL MUSTO EXEC DIR
175 OCEANPORT AVE
OCEANPORT, NJ 07757
I Tax-exempt status:
501(c)(3) 501(c) ( 6 ) (insert no.) 4947(
J Website: N/A
K Form of organization: Corporation Trust Association Other
Part I Summary
1 Briefly describe the organization’s mission or most significant activ
NJTHA, INC. REPRESENTS THOROUGHBRED OWNERSX AND TRAI
RACING AND PROMOTE THE COMMON BUSINESS INTERESTS OF T
2 Check this box

3 Number of voting members of the governing body (Part VI, line 1
4 Number of independent voting members of the governing body (
5 Total number of individuals employed in calendar year 2021 (Par
6 Total number of volunteers (estimate if necessary) . . .
7a Total unrelated business revenue from Part VIII, column (C), line
b Net unrelated business taxable income from Form 990-T, Part I, l
Current Year
8 Contributions and grants (Part VIII, line 1h) . . . . .
41,400
9 Program service revenue (Part VIII, line 2g) . . . . .
0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .
0
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and
7,573,998
12 Total revenue—add lines 8 through 11 (must equal Part VIII, colu
7,615,398
13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )
0
14 Benefits paid to or for members (Part IX, column (A), line 4) .
0
15 Salaries, other compensation, employee benefits (Part IX, column
237,613
16a Professional fundraising fees (Part IX, column (A), line 11e) .
0
b Total fundraising expenses (Part IX, column (D), line 25) 0
https://projects.propublica.org/nonprofits/organizations/222904953/202203199349314195/full 1/24
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e) .

5,679,309
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A)
5,916,922
19 Revenue less expenses. Subtract line 18 from line 12 . . .
1,698,476
End of Year
20 Total assets (Part X, line 16) . . . . . . . . .

12,022,337
21 Total liabilities (Part X, line 26) . . . . . . . . .
65,383,091
22 Net assets or fund balances. Subtract line 21 from line 20 . .
-53,360,754
Part II Signature Block
Under penalties of perjury, I declare that I have examined this return, includ
knowledge and belief, it is true, correct, and complete. Declaration of prepa
any knowledge.
Signature of officer
Sign
Here MICHAEL MUSTO EXECUTIVE DIRECTOR
Type or print name and title
Print/Type preparer's name Preparer's signature
Paid
Preparer Firm's name BRM PROFESSIONAL GROUP LLC
Use Only Firm's address 1011 HIGHWAY 71
SPRING LAKE, NJ 07762
May the IRS discuss this return with the preparer shown above? (see instruc
For Paperwork Reduction Act Notice, see the separate instructions.
Page
Form 990 (2021)

Part III Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in
1 Briefly describe the organization’s mission:
NJTHA, INC. REPRESENTS THOROUGHBRED OWNERSX AND TRAINERS' INT
PROMOTE THE COMMON BUSINESS INTERESTS OF THE SPORT.
2 Did the organization undertake any significant program services durin

the prior Form 990 or 990-EZ? . . . . . . . . . .
If "Yes," describe these new services on Schedule O.
3 Did the organization cease conducting, or make significant changes in
services? . . . . . . . . . . . . . . .
If "Yes," describe these changes on Schedule O.
4 Describe the organization’s program service accomplishments for eac
Section 501(c)(3) and 501(c)(4) organizations are required to report
and revenue, if any, for each program service reported.
4a (Code: ) (Expenses $ including

NJTHA, INC. REPRESENTS THOROUGHBRED OWNERSX AND TRAINERS' INTERE
THOROUGHBRED INDUSTRY FOR ALL HORSEMEN AND THEIR EMPLOYEES AND
BEFORE GOVERNMENT AGENCIES, THE MANAGEMNT OF NJ THOROUGHBRED RA
RECEIVES SUBSTANTIALLY ALL OF ITS REVENUE FROM NJ HORSE RACING TRAC
4b (Code: ) (Expenses $ including
4c (Code: ) (Expenses $ including
4d Other program services (Describe in Schedule O.)

(Expenses $ including grants of $
4e Total program service expenses
Page
Form 990 (2021)

Part IV Checklist of Required Schedules
1 Is the organization described in section 501(c)(3) or 4947(a)(1) (othe

Schedule A . . . . . . . . . . . . . . .
2 Is the organization required to complete Schedule B, Schedule of Con
3 Did the organization engage in direct or indirect political campaign ac
for public office? If "Yes," complete Schedule C, Part I . . . .
4 Section 501(c)(3) organizations. Did the organization engage in l

election in effect during the tax year? If "Yes," complete Schedule C,
5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organ

assessments, or similar amounts as defined in Rev. Proc. 98-19? If "Y
6 Did the organization maintain any donor advised funds or any similar
to provide advice on the distribution or investment of amounts in suc
Schedule D,Part I . . . . . . . . . . . . .
7 Did the organization receive or hold a conservation easement, includi
the environment, historic land areas, or historic structures? If "Yes," c
8 Did the organization maintain collections of works of art, historical tre

complete Schedule D, Part III . . . . . . . . .
9 Did the organization report an amount in Part X, line 21 for escrow or
for amounts not listed in Part X; or provide credit counseling, debt ma
services? If "Yes," complete Schedule D, Part IV . . . .
10 Did the organization, directly or through a related organization, hold a

permanent endowments, or quasi endowments? If "Yes," complete Sc
11 If the organization’s answer to any of the following questions is "Yes,"
or X, as applicable.
a Did the organization report an amount for land, buildings, and equipm
Schedule D, Part VI. . . . . . . . . . . . .
b Did the organization report an amount for investments—other securit
assets reported in Part X, line 16? If "Yes," complete Schedule D, Part
c Did the organization report an amount for investments—program rela
total assets reported in Part X, line 16? If "Yes," complete Schedule D
d Did the organization report an amount for other assets in Part X, line
in Part X, line 16? If "Yes," complete Schedule D, Part IX . .
e Did the organization report an amount for other liabilities in Part X, lin
f Did the organization’s separate or consolidated financial statements fo

the organization’s liability for uncertain tax positions under FIN 48 (AS
12a Did the organization obtain separate, independent audited financial st
Schedule D, Parts XI and XII . . . . . . . . .
b h l d d ld d d d d df
b Was the organization included in consolidated, independent audited fi
If "Yes," and if the organization answered "No" to line 12a, then comp
13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "
14a Did the organization maintain an office, employees, or agents outside

b Did the organization have aggregate revenues or expenses of more th
business, investment, and program service activities outside the Unite
at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV .
15 Did the organization report on Part IX, column (A), line 3, more than
foreign organization? If “Yes,” complete Schedule F, Parts II and IV .
16 Did the organization report on Part IX, column (A), line 3, more than
or for foreign individuals? If “Yes,” complete Schedule F, Parts III and
17 Did the organization report a total of more than $15,000 of expenses
column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. Se
18 Did the organization report more than $15,000 total of fundraising ev
lines 1c and 8a? If "Yes," complete Schedule G, Part II . . . .
19 Did the organization report more than $15,000 of gross income from
complete Schedule G, Part III . . . . . . . . . .
20a Did the organization operate one or more hospital facilities? If "Yes,"
b If "Yes" to line 20a, did the organization attach a copy of its audited f
21 Did the organization report more than $5,000 of grants or other assis
government on Part IX, column (A), line 1? If “Yes,” complete Schedu
Page
Form 990 (2021)

Part IV Checklist of Required Schedules (continued)
22 Did the organization report more than $5,000 of grants or other assis
column (A), line 2? If “Yes,” complete Schedule I, Parts I and III .
23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5
current and former officers, directors, trustees, key employees, and h
complete Schedule J . . . . . . . . . . . .
24a Did the organization have a tax-exempt bond issue with an outstandin
the last day of the year, that was issued after December 31, 2002? If
complete Schedule K. If “No,” go to line 25a . . . . . .
b Did the organization invest any proceeds of tax-exempt bonds beyond
c Did the organization maintain an escrow account other than a refundi

to defease any tax-exempt bonds? . . . . . . . . .
d Did the organization act as an "on behalf of" issuer for bonds outstan
25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. D

transaction with a disqualified person during the year? If "Yes," comp
b Is the organization aware that it engaged in an excess benefit transac

that the transaction has not been reported on any of the organization
Schedule L, Part I . . . . . . . . . . . . .
26 Did the organization report any amount on Part X, line 5 or 22 for rec
officer, director, trustee, key employee, creator or founder, substantia
member of any of these persons? If "Yes," complete Schedule L, Part
27 Did the organization provide a grant or other assistance to any curren
employee, creator or founder, substantial contributor, or employee the
35% controlled entity (including an employee thereof) or family mem
Schedule L,Part III . . . . . . . . . . . . .
28 Was the organization a party to a business transaction with one of the

instructions for applicable filing thresholds, conditions, and exceptions
a A current or former officer, director, trustee, key employee, creator or
complete Schedule L, Part IV . . . . . . . . . .
b A family member of any individual described in line 28a? If "Yes," com
c A 35% controlled entity of one or more individuals and/or organizatio

Schedule L, Part IV . . . . . . . . . . . . .
29 Did the organization receive more than $25,000 in non-cash contribut
30 Did the organization receive contributions of art, historical treasures,

contributions? If "Yes," complete Schedule M . . . . . .
31 Did the organization liquidate, terminate, or dissolve and cease opera
32 Did the organization sell, exchange, dispose of, or transfer more than
32 Did the organization sell, exchange, dispose of, or transfer more than
Schedule N, Part II . . . . . . . . . . . . .
33 Did the organization own 100% of an entity disregarded as separate f
301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I .
34 Was the organization related to any tax-exempt or taxable entity? If "
Part V, line 1 . . . . . . . . . . . . . .
35a Did the organization have a controlled entity within the meaning of se
b If ‘Yes’ to line 35a, did the organization receive any payment from or
within the meaning of section 512(b)(13)? If "Yes," complete Schedul
36 Section 501(c)(3) organizations. Did the organization make any t
organization? If "Yes," complete Schedule R, Part V, line 2 . . .
37 Did the organization conduct more than 5% of its activities through a
is treated as a partnership for federal income tax purposes? If "Yes,"
38 Did the organization complete Schedule O and provide explanations o
All Form 990 filers are required to complete Schedule O. . . .
Part V Statements Regarding Other IRS Filings and Tax

Check if Schedule O contains a response or note to any
1a Enter the number reported in box 3 of Form 1096. Enter -0- if not ap
b Enter the number of Forms W-2G included on line 1a. Enter -0- if not
c Did the organization comply with backup withholding rules for reporta
(gambling) winnings to prize winners? . . . . . . . .
Page
Form 990 (2021)
Part V Statements Regarding Other IRS Filings and Tax

2a Enter the number of employees reported on Form W-3, Transmittal of
Tax Statements, filed for the calendar year ending with or within the y
this return . . . . . . . . . . . . . . .
b If at least one is reported on line 2a, did the organization file all requ
Note. If the sum of lines 1a and 2a is greater than 250, you may be
3a Did the organization have unrelated business gross income of $1,000
b If “Yes,” has it filed a Form 990-T for this year?If “No” to line 3b, prov
4a At any time during the calendar year, did the organization have an int
financial account in a foreign country (such as a bank account, securi
b If "Yes," enter the name of the foreign country:
See instructions for filing requirements for FinCEN Form 114, Report o
5a Was the organization a party to a prohibited tax shelter transaction at
b Did any taxable party notify the organization that it was or is a party
c If "Yes," to line 5a or 5b, did the organization file Form 8886-T? .

6a Does the organization have annual gross receipts that are normally g
solicit any contributions that were not tax deductible as charitable con
b If "Yes," did the organization include with every solicitation an expres
not tax deductible? . . . . . . . . . . . . .
7 Organizations that may receive deductible contributions under
a Did the organization receive a payment in excess of $75 made partly
provided to the payor? . . . . . . . . . . . .
b If "Yes," did the organization notify the donor of the value of the good
c Did the organization sell, exchange, or otherwise dispose of tangible p
Form 8282? . . . . . . . . . . . . . .
d If "Yes," indicate the number of Forms 8282 filed during the year .
e Did the organization receive any funds, directly or indirectly, to pay p
f Did the organization, during the year, pay premiums, directly or indire
g If the organization received a contribution of qualified intellectual pro
required? . . . . . . . . . . . . . . .
h If the organization received a contribution of cars, boats, airplanes, o
1098-C? . . . . . . . . . . . . . . .
8 Sponsoring organizations maintaining donor advised funds. Di

sponsoring organization have excess business holdings at any time du
9 Sponsoring organizations maintaining donor advised funds.
a Did the sponsoring organization make any taxable distributions under
a Did the sponsoring organization make any taxable distributions under
b Did the sponsoring organization make a distribution to a donor, donor
10 Section 501(c)(7) organizations. Enter:
a Initiation fees and capital contributions included on Part VIII, line 12
b Gross receipts, included on Form 990, Part VIII, line 12, for public use
11 Section 501(c)(12) organizations. Enter:
a Gross income from members or shareholders . . . . . .
b Gross income from other sources. (Do not net amounts due or paid to
against amounts due or received from them.) . . . . . .
12a Section 4947(a)(1) non-exempt charitable trusts. Is the organiz

b If "Yes," enter the amount of tax-exempt interest received or accrued
13 Section 501(c)(29) qualified nonprofit health insurance issuer

a Is the organization licensed to issue qualified health plans in more tha
Note. See the instructions for additional information the organization
b Enter the amount of reserves the organization is required to maintain
which the organization is licensed to issue qualified health plans .
c Enter the amount of reserves on hand . . . . . . . .
14a Did the organization receive any payments for indoor tanning services
b If "Yes," has it filed a Form 720 to report these payments?If "No," pro
15 Is the organization subject to the section 4960 tax on payment(s) of
parachute payment(s) during the year? . . . . . . . .
If "Yes," see the instructions and file Form 4720, Schedule N.
16 Is the organization an educational institution subject to the section 49
If "Yes," complete Form 4720, Schedule O.
17 Section 501(c)(21) organizations. Did the trust, any disqualified p

that would result in the imposition of an excise tax under section 495
If "Yes," complete Form 6069.
Page
Form 990 (2021)

Part VI Governance, Management, and Disclosure. For each "Yes"
lines 8a, 8b, or 10b below, describe the circumstances, process
Check if Schedule O contains a response or note to any line in t
Section A. Governing Body and Management
1a Enter the number of voting members of the governing body at the en

If there are material differences in voting rights among members of t
body, or if the governing body delegated broad authority to an execut
similar committee, explain in Schedule O.
b Enter the number of voting members included in line 1a, above, who
2 Did any officer, director, trustee, or key employee have a family relati
officer, director, trustee, or key employee? . . . . . . .
3 Did the organization delegate control over management duties custom
of officers, directors or trustees, or key employees to a management
4 Did the organization make any significant changes to its governing do
5 Did the organization become aware during the year of a significant div
6 Did the organization have members or stockholders? . . . .
7a Did the organization have members, stockholders, or other persons w
members of the governing body? . . . . . . . . .
b Are any governance decisions of the organization reserved to (or subj
persons other than the governing body? . . . . . . .
8 Did the organization contemporaneously document the meetings held
the following:
a The governing body? . . . . . . . . . . . .
b Each committee with authority to act on behalf of the governing body
9 Is there any officer, director, trustee, or key employee listed in Part VI
organization’s mailing address? If "Yes," provide the names and addre
Section B. Policies (This Section B requests information about
10a Did the organization have local chapters, branches, or affiliates? .

b If "Yes," did the organization have written policies and procedures gov
and branches to ensure their operations are consistent with the organ
11a Has the organization provided a complete copy of this Form 990 to al
form? . . . . . . . . . . . . . . . .
b Describe on Schedule O the process, if any, used by the organization
12a Did the organization have a written conflict of interest policy? If "No,"
b Were officers, directors, or trustees, and key employees required to d
conflicts? . . . . . . . . . . . . . . .
c Did the organization regularly and consistently monitor and enforce c
Schedule O how this was done . . . . . . . . . .
13 Did the organization have a written whistleblower policy? . . .
14 Did the organization have a written document retention and destructi
15 Did the process for determining compensation of the following person
persons, comparability data, and contemporaneous substantiation of
a The organization’s CEO, Executive Director, or top management officia
b Other officers or key employees of the organization . . . .
If "Yes" to line 15a or 15b, describe the process on Schedule O. See i
16a Did the organization invest in, contribute assets to, or participate in a
taxable entity during the year? . . . . . . . . . .
b If "Yes," did the organization follow a written policy or procedure requ
in joint venture arrangements under applicable federal tax law, and ta
status with respect to such arrangements? . . . . . . .
Section C. Disclosure
17 List the states with which a copy of this Form 990 is required to be fil
18 Section 6104 requires an organization to make its Form 1023 (1024 o
501(c)(3)s only) available for public inspection. Indicate how you mad
Own website Another's website Upon request O
19 Describe in Schedule O whether (and if so, how) the organization mad
policy, and financial statements available to the public during the tax
20 State the name, address, and telephone number of the person who p
EXECUTIVE DIRECTOR AS ADDRESSED, NJ 07757 (732) 222-808
Page
Form 990 (2021)

Part VII Compensation of Officers, Directors,Trustees, Key
and Independent Contractors
Section A. Officers, Directors, Trustees, Key Employees, a
1a Complete this table for all persons required to be listed. Report compens
year.
List all of the organization’s current officers, directors, trustees (wheth
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation
List all of the organization’s current key employees, if any. See the inst
List the organization’s five current highest compensated employees (ot
who received reportable compensation (box 5 of Form W-2, Form 1099-MIS
organization and any related organizations.
List all of the organization’s former officers, key employees, or highest
of reportable compensation from the organization and any related organizat
List all of the organization’s former directors or trustees that receive
organization, more than $10,000 of reportable compensation from the orga
See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization c
(A) (B)
Name and title Average Position (d
hours per than on
week (list person is
any hours for and a di
related
organizations
below dotted
line)
(1) PAT MCBURNEY 0.00

...................................................................... ................. X
PRESIDENT
(2) MICHAEL A MUSTO 40.00
...................................................................... ................. X
EXEC. DIRECTOR
(3) TIMOTHY HILLS 0.00

...................................................................... ................. X
VICE PRESIDENT
(4) DOMINIC J BOSSONE 0.00

...................................................................... ................. X
DIRECTOR
(5) JAMES CAHILL 0.00

...................................................................... ................. X
DIRECTOR
(6) BOB MATTHIES 0.00

...................................................................... ................. X
DIRECTOR
(7) THOMAS SWALES 0.00

...................................................................... ................. X
DIRECTOR
(8) BENJAMIN PERKINS JR 0.00

...................................................................... ................. X
DIRECTOR
Page
Form 990 (2021)

Part VII Section A. Officers, Directors, Trustees, Key Employe
(A) (B) (C)

Name and title Average Position (do no
hours per than one box, u
week (list is both an of
any hours for director/t
related
organizations
below dotted
line)
1b
Sub-Total . . . . . . . . . . . . . . . .
c
Total from continuation sheets to Part VII, Section A . . . .
d
Total (add lines 1b and 1c) . . . . . . . . . . .
2 Total number of individuals (including but not limited to those listed a

of reportable compensation from the organization 1
3 Did the organization list any former officer, director or trustee, key e
line 1a? If "Yes," complete Schedule J for such individual . . .
4 For any individual listed on line 1a, is the sum of reportable compensa
organization and related organizations greater than $150,000? If "Yes
individual . . . . . . . . . . . . . . .
5 Did any person listed on line 1a receive or accrue compensation from

services rendered to the organization?If "Yes," complete Schedule J fo
Section B. Independent Contractors

1 Complete this table for your five highest compensated independent co
from the organization. Report compensation for the calendar year end
(A)
Name and business address
2 Total number of independent contractors (including but not limited to th

compensation from the organization
Page
Form 990 (2021)

Part VIII Statement of Revenue
Check if Schedule O contains a response or note to any line i
Tot
1a Federated campaigns . . 1a
Contributions,
Gifts, Grants,
b Membership dues .
and . 1b
OtherAmt
Similar
c Fundraising events .
Amounts . 1c
d Related organizations 1d
e Government grants (contributions) 1e

41,400
f All other contributions, gifts, grants,

and similar amounts not included
1f
above
g Noncash contributions included in

lines 1a - 1f:$ 1g
h Total. Add lines 1a-1f . . . . . . . 41,400

Business Code
Business Code
2a
f All other program service revenue.
g Total. Add lines 2a–2f. . . . .

3 Investment income (including dividends, interest, and other
similar amounts) . . . . . .
4 Income from investment of tax-exempt bond proceeds
5 Royalties . . . . . . . . . . .
(i) Real (ii) Personal
6a Gross rents 6a
b Less: rental
expenses 6b
c Rental income
or (loss) 6c
d Net rental income or (loss) . . . . . . .
(i) Securities (ii) Other
7a Gross amount
from sales of 7a
assets other
than inventory
b Less: cost or
other basis and 7b
sales expenses
c Gain or (loss) 7c
d Net gain or (loss) . . . . . . . . .
8a Gross income from fundraising events
(not including $ of
contributions reported on line 1c).
See Part IV, line 18 . . . .
8a
b Less: direct expenses . . . 8b
c Net income or (loss) from fundraising events . .
9a Gross income from gaming activities.

See Part IV, line 19 . . . 9a
b Less: direct expenses . . . 9b
c Net income or (loss) from gaming activities . .
10aGross sales of inventory, less

returns and allowances . . 10a
b Less: cost of goods sold . . 10b
c Net income or (loss) from sales of inventory . .

Miscellaneous Revenue Business Code
11a STATUTORY FUNDING 900099
b NON-STATUTORY FUNDING 900099
c RACETRACK OPERATING 900099
d All other revenue . . . .

e Total. Add lines 11a–11d . . . . . .
12 Total revenue. See instructions . . . . .
Page
Form 990 (2021)

Part IX Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete

Do not include amounts reported on lines 6b, (
7b, 8b, 9b, and 10b of Part VIII. Total e
1 Grants and other assistance to domestic organizations and

domestic governments. See Part IV, line 21 . . . .
2 Grants and other assistance to domestic individuals. See

Part IV, line 22 . . . . . . . . . . .
3 Grants and other assistance to foreign organizations, foreign

governments, and foreign individuals. See Part IV, lines 15
and 16. . . . . . . . . . . . . .
4 Benefits paid to or for members . . . . . . .
5 Compensation of current officers, directors, trustees, and

key employees . . . . . . . . . . .
0
6 Compensation not included above, to disqualified persons (as

defined under section 4958(f)(1)) and persons described in
section 4958(c)(3)(B) . . . . . . . . .
7 Other salaries and wages . . . . . . . .
8 Pension plan accruals and contributions (include section

401(k) and 403(b) employer contributions) . . . .
0
9 Other employee benefits . . . . . . .
10 Payroll taxes . . . . . . . . . . .
0
11 Fees for services (non-employees):
a Management . . . . . .
0
b Legal . . . . . . . . .
0
c Accounting . . . . . . . . . . .
0
d Lobbying . . . . . . . . . . .
e Professional fundraising services. See Part IV, line 17
f Investment management fees . . . . . .
g Other (If line 11g amount exceeds 10% of line 25, column
(A) amount, list line 11g expenses on Schedule O)
12 Advertising and promotion . . . .
13 Office expenses . . . . . . .
14 Information technology . . . . . .
15 Royalties . .
16 Occupancy . . . . . . . . . . .
0
17 Travel . . . . . . . . . . . .
18 Payments of travel or entertainment expenses for any

federal, state, or local public officials .
19 Conferences, conventions, and meetings . . . .

0
20 Interest . . . . . . . . . . .
0
21 Payments to affiliates . . . . . . .
22 Depreciation, depletion, and amortization . .

0
23 Insurance . . .
24 Other expenses. Itemize expenses not covered above (List

miscellaneous expenses in line 24e. If line 24e amount
exceeds 10% of line 25, column (A) amount, list line 24e
expenses on Schedule O.)
a PROFIT INCENTIVE FEE
b PAYROLL SERVICE FEES
c OTHER EXPENSES
e All other expenses

0
25 Total functional expenses. Add lines 1 through 24e

0
26 Joint costs. Complete this line only if the organization

reported in column (B) joint costs from a combined
educational campaign and fundraising solicitation.
Check here if following SOP 98-2 (ASC 958-720).
Page
g
Form 990 (2021)

Part X Balance Sheet
Check if Schedule O contains a response or note to any line in t
1 Cash–non-interest-bearing . . . . . . . .
2 Savings and temporary cash investments . . . . . .
3 Pledges and grants receivable, net . . . . . .
4 Accounts receivable, net . . . . . . . . . .
5 Loans and other receivables from any current or former officer, d
trustee, key employee, creator or founder, substantial contributo
controlled entity or family member of any of these persons
6 .
Loans . and. other
. receivables
. . . from other disqualified persons (as
section 4958(f)(1)), and persons described in section 4958(c)(3
7 Notes and loans receivable, net . . . . . . . .

8 Inventories for sale or use . . . . . . . . . .
9 Prepaid expenses and deferred charges . . . . . .
10a Land, buildings, and equipment: cost or other
basis. Complete Part VI of Schedule D 10a
b Less: accumulated depreciation 10b

11 Investments—publicly traded securities .
12 Investments—other securities. See Part IV, line 11 . . .
13 Investments—program-related. See Part IV, line 11 . .
14 Intangible assets . . . . . . . . . . . .
15 Other assets. See Part IV, line 11 . . . . . . . .
16 Total assets. Add lines 1 through 15 (must equal line 33) .
17 Accounts payable and accrued expenses . . . . .
18 Grants payable . . .
19 Deferred revenue . . . . . . . . .
20 Tax-exempt bond liabilities . . . . . . . . .
21 Escrow or custodial account liability. Complete Part IV of Schedul
22 Loans and other payables to any current or former officer, directo
employee, creator or founder, substantial contributor, or 35% co
or family member of any of these persons . . . . .
23 Secured mortgages and notes payable to unrelated third parties

24 Unsecured notes and loans payable to unrelated third parties .
25 Other liabilities (including federal income tax, payables to related
and other liabilities not included on lines 17 - 24).
Complete Part X of Schedule D
26 Total liabilities. Add lines 17 through 25 . .
Organizations that follow FASB ASC 958, check here

complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions . . . . . . .
28 Net assets with donor restrictions . . . . . . . .
Organizations that do not follow FASB ASC 958, check her

complete lines 29 through 33.
29 Capital stock or trust principal, or current funds . . . .
30 Paid-in or capital surplus, or land, building or equipment fund .
31 Retained earnings, endowment, accumulated income, or other fu
32 Total net assets or fund balances . . . . . . . .
33 Total liabilities and net assets/fund balances . . . . .
Page
Form 990 (2021)

Part XI Reconcilliation of Net Assets
1 Total revenue (must equal Part VIII, column (A), line 12) . . .
2 Total expenses (must equal Part IX, column (A), line 25) . . .
3 Revenue less expenses. Subtract line 2 from line 1 . . . . .
4 Net assets or fund balances at beginning of year (must equal Part X, l
5 Net unrealized gains (losses) on investments . . . . . .
6 Donated services and use of facilities . . . . . . . .
7 Investment expenses . . . . . . . . . . . .
8 Prior period adjustments . . . . . . . . . . .
9 Other changes in net assets or fund balances (explain in Schedule O)
10 Net assets or fund balances at end of year. Combine lines 3 through 9
Part XII Financial Statements and Reporting
1 Accounting method used to prepare the Form 990: Cash

If the organization changed its method of accounting from a prior yea
Schedule O.
2a Were the organization’s financial statements compiled or reviewed by
If ‘Yes ’ check a box below to indicate whether the financial statement
SCHEDULE D
(Form 990) Supplemental Finan
Complete if the organization answ
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 1
Department of the Treasury Attach to For
Internal Revenue Service Go to www.irs.gov/Form990 for instru
Name of the organization
Part I Organizations Maintaining Donor Advised Funds or

Complete if the organization answered "Yes" on Form 99
(a) Do
1 Total number at end of year . . . . . . . . .
2 Aggregate value of contributions to (during year)
3 Aggregate value of grants from (during year)
4 Aggregate value at end of year . . . . . . . .
5 Did the organization inform all donors and donor advisors in writing tha
organization’s property, subject to the organization’s exclusive legal con
6 Did the organization inform all grantees, donors, and donor advisors in
charitable purposes and not for the benefit of the donor or donor adviso
private benefit? . . . . . . . . . . . . . . . . . . . . . . . .
Part II Conservation Easements.

1 Purpose(s) of conservation easements held by the organization (check a
Preservation of land for public use (e.g., recreation or education)
Protection of natural habitat
Preservation of open space

2 Complete lines 2a through 2d if the organization held a qualified conser
easement on the last day of the tax year.
a Total number of conservation easements . . . . . . . . . . . . . .
b Total acreage restricted by conservation easements . . . . . . . . .
c Number of conservation easements on a certified historic structure inclu
d Number of conservation easements included in (c) acquired after 7/25/0
structure listed in the National Register . . .
3 Number of conservation easements modified, transferred, released, ext
tax year
4 Number of states where property subject to conservation easement is lo
5 Does the organization have a written policy regarding the periodic moni
and enforcement of the conservation easements it holds? . . . . . .
6 Staff and volunteer hours devoted to monitoring, inspecting, handling o
7 Amount of expenses incurred in monitoring, inspecting, handling of viol

$
8 Does each conservation easement reported on line 2(d) above satisfy th

and section 170(h)(4)(B)(ii)? . . . . . . . . . . . . . . . . . .
9 In Part XIII, describe how the organization reports conservation easeme

balance sheet, and include, if applicable, the text of the footnote to the
the organization’s accounting for conservation easements.
Part III Organizations Maintaining Collections of Art, Histo
1a If the organization elected, as permitted under FASB ASC 958, not to re
historical treasures, or other similar assets held for public exhibition, ed
Part XIII, the text of the footnote to its financial statements that describ
b If the organization elected, as permitted under FASB ASC 958, to report
historical treasures, or other similar assets held for public exhibition, ed
following amounts relating to these items:
(i) Revenue included on Form 990, Part VIII, line 1 . . . . . . . . . .
(ii)Assets included in Form 990, Part X . . . . . . . . . . . . . . .
2 If the organization received or held works of art, historical treasures, or

following amounts required to be reported under FASB ASC 958 relating
a Revenue included on Form 990, Part VIII, line 1 . . . . . . . . . .
b Assets included in Form 990, Part X . . . . . . . . . . . . . . . .

For Paperwork Reduction Act Notice, see the Instructions for Form 99
Page 2
Page 2
Schedule D (Form 990) 2021

Part III Organizations Maintaining Collections of Art, Histo
3 Using the organization’s acquisition, accession, and other records, check
items (check all that apply):
a d
Public exhibition
b e
Scholarly research
c
Preservation for future generations
4 Provide a description of the organization’s collections and explain how t
Part XIII.
5 During the year, did the organization solicit or receive donations of art,
assets to be sold to raise funds rather than to be maintained as part of
Part IV Escrow and Custodial Arrangements.

line 21.
1a Is the organization an agent, trustee, custodian or other intermediary fo
included on Form 990, Part X? . . . . . . . . . . . . . . . . . .
b If "Yes," explain the arrangement in Part XIII and complete the followin
c Beginning balance . . . . . . . . . . . . . . . . . . . . . . .
d Additions during the year . . . . . . . . . . . . . . . . . . . .
e Distributions during the year . . . . . . . . . . . . . . . . . . .
f Ending balance . . . . . . . . . . . . . . . . . . . . . . . .
2a Did the organization include an amount on Form 990, Part X, line 21, fo
b If "Yes," explain the arrangement in Part XIII. Check here if the explana
Part V Endowment Funds.
(a) Current year (b
1a Beginning of year balance . . . .
b Contributions . . .
c Net investment earnings, gains, and losses
d Grants or scholarships . . .
e Other expenditures for facilities
and programs . . .
f Administrative expenses . . . .
g End of year balance . . . . . .
2 Provide the estimated percentage of the current year end balance (line
a Board designated or quasi-endowment
b Permanent endowment
c Term endowment
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a Are there endowment funds not in the possession of the organization th
organization by:
(i) Unrelated organizations . . . . . . . . . . .
(ii) Related organizations . . . . . . . . . . . .
b If "Yes" on 3a(ii), are the related organizations listed as required on Sch
4 Describe in Part XIII the intended uses of the organization's endowment
Part VI Land, Buildings, and Equipment.
Description of property (a) Cost or other basis (b) Cost or oth
(investment)
1a Land . . . . .
b Buildings . . . .
c Leasehold improvements 15,389,733
d Equipment . . . . 2,888,946
e Other . . . . . 2,059,429
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, co
Page 3
Part VII Investments - Other Securities.
(a) Description of security or category
(including name of security)
(1) Financial derivatives . . . . . . . . .

(2) Closely-held equity interests . . . . . . . .
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)
Part VIII Investments - Program Related.

Complete if the organization answered 'Yes' on Form 99
(a) Description of investment
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)
Part IX Other Assets.

(a) Description
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Part X Other Liabilities.
1. (a) Description of liability
(1) Federal income taxes
DUE TO DARBY DEVELOPMENT LLC
LOAN PAYABLE
LOAN PAYABLE
INVESTMENT IN RESTAURANT
2. Liability for uncertain tax positions. In Part XIII, provide the text of the foo
organization's liability for uncertain tax positions under FIN 48 (ASC 740). Che
Page 4

Part XI Reconciliation of Revenue per Audited Financial St
1 Total revenue, gains, and other support per audited financial statement
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments . . . .
b Donated services and use of facilities . . . . . . . . .
c Recoveries of prior year grants . . . . . . . . . .
d Other (Describe in Part XIII.) . . . . . . . . . . .
e Add lines 2a through 2d . . . . . . . . . . . .
3 Subtract line 2e from line 1 . . . . . . . . . . .
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .
b Other (Describe in Part XIII.) . . . . . . . . . . .
c Add lines 4a and 4b . . . . . . . . . . . . .
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, li
Part XII Reconciliation of Expenses per Audited Financial S
1 Total expenses and losses per audited financial statements . . .
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities . . . . . . . . .
b Prior year adjustments . . . . . . . . . . . .
c Other losses . . . . . . . . . . . . . . .
d Other (Describe in Part XIII.) . . . . . . . . . . .
e Add lines 2a through 2d . . . . . . . . . . . .
3 Subtract line 2e from line 1 . . . . . . . . . . .
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .
b Other (Describe in Part XIII.) . . . . . . . . . . .
c Add lines 4a and 4b . . . . . . . . . . . . .
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I,
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines
lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to pro
Return Reference
Pt X, Line 2 THE ASSOCIATION Q
THE INTERNAL REVE
INCOME TAX. THE T
THE ASSOCIATION
ACTIVITIES AND TH
THE ASSOCIATION
DECEMBER 31, 2020
Additional Data
Software ID
Software Version
efile Public Visual Render ObjectId: 202203199349314195 - Submission: 20
Schedule J Compensation Information

(Form 990)
For certain Officers, Directors, Trustees, Key Employees, an
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Pa
Attach to Form 990.
Department of the Treasury Go to www.irs.gov/Form990 for instructions and the latest
Part I Questions Regarding Compensation
1a Check the appropiate box(es) if the organization provided any of the following to or for a perso
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regardin
First-class or charter travel Housing allowance or residenc

Travel for companions Payments for business use of
Tax idemnification and gross-up payments Health or social club dues or i
Discretionary spending account Personal services (e.g., maid,
b If any of the boxes on Line 1a are checked, did the organization follow a written policy regardin
reimbursement or provision of all of the expenses described above? If "No," complete Part III t
2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred b
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked
3 Indicate which, if any, of the following the filing organization used to establish the compensatio
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for method
used by a related organization to establish compensation of the CEO/Executive Director, but ex
Compensation committee Written employment contract

Independent compensation consultant Compensation survey or stud
Form 990 of other organizations Approval by the board or com
4 During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to
related organization:
a Receive a severance payment or change-of-control payment? . . . . . . . . .

b Participate in, or receive payment from, a supplemental nonqualified retirement plan? . . .
c Participate in, or receive payment from, an equity-based compensation arrangement? . . .
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue
compensation contingent on the revenues of:
a The organization? . . . . . . . . . . . . . . . . . . . .
b Any related organization? . . . . . . . . . . . . . . . . . .
If "Yes," on line 5a or 5b, describe in Part III.
6 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue
compensation contingent on the net earnings of:
a The organization? . . . . . . . . . . . . . . . . . .
b Any related organization? . . . . . . . . . . . . . . . . . .
If "Yes," on line 6a or 6b, describe in Part III.
7 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any n
payments not described in lines 5 and 6? If "Yes," describe in Part III . . . . . . .
8 Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Y
in Part III . . . . . . . . . . . . . . . . . . . . . .
9 If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure describ
53.4958-6(c)? . . . . . . . . . . . . . . . . . . . . .
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat
Page 2
Schedule J (Form 990) 2021

Part II Officers, Directors, Trustees, Key Employees, and Highest Compensat
For each individual whose compensation must be reported on Schedule J, report compensation from t
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 9
(A) Name and Title (B) Breakdown of
an
(i) Base
compensation
1 MICHAEL A MUSTO (i) 195,000

- - - - - - - - -
(ii) - - - -
0
Pa
Schedule J (Form 990) 2021

Part III Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a
Return Reference
Additional Data
Software ID:
Software Version:
SCHEDULE O Supplemental Informatio

(Form 990) Complete to provide information fo
Form 990 or 990-EZ or to prov
Department of the Treasury Attach to For
Internal Revenue Service Go to www.irs.gov/Form9
Return
Reference
Pt VI, Line 6 ORGANIZATION HAS MEMBERS
Pt VI, Line 7a MEMBERS CAN VOTE IN ELECTION OF OFFICERS A
Pt VI, Line REVIEW AND APPROVAL BY BOARD OF DIRECTORS
15a
Pt VI, Line REVIEW AND APPROVAL BY BOARD OF DIRECTORS
15b
Pt VI, Line DOCUMENTS AVAILABLE FOR REVIEW UPON REQUE
11b
Pt VI, Line 19 DOCUMENTS AVAILABLE FOR REVIEW UPON REQUE
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Additional Data
Software
Software Vers
efile Public Visual Render ObjectId: 202203199349314195 - Submission: 2022-11-15 TIN: 22-2904953
OMB No. 1545-0047
SCHEDULE R Related Organizations and Unrelated Partnerships
(Form 990) Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
2021
Go to www.irs.gov/Form990 for instructions and the latest information. Open to Public
Department of the Treasury
Inspection
Name of the organization Employer identification number
22-2904953
Part I Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a) (b) (c) (d) (e) (f)
Name, address, and EIN (if applicable) of disregarded entity Primary activity Legal domicile (state Total income End-of-year assets Direct controlling
or foreign country) entity
Part II Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more
related tax-exempt organizations during the tax year.
(a) (b) (c) (d) (e) (f) (g)
Name, address, and EIN of related organization Primary activity Legal domicile (state Exempt Code section Public charity status Direct controlling Section
or foreign country) (if section 501(c)(3)) entity 512(b)
(13)
controlled
entity?
Yes No
(1)NJTHA SSF SEE ATTACHED NJ 527 NJTHA INC
175 OCEANPORT AVE
OCEANPORT, NJ 07757
20-5885030
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat. No. 50135Y Schedule R (Form 990) 2021
Page 2
Schedule R (Form 990) 2021 Page 2
Part III Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had
one or more related organizations treated as a partnership during the tax year.
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)
Name, address, and EIN of Primary activity Legal Direct Predominant Share of Share of Disproprtionate Code V-UBI General or Percentage
related organization domicile controlling income(related, total income end-of-year allocations? amount in managing ownership
(state or entity unrelated, assets box 20 of partner?
foreign excluded from tax Schedule K-1
country) under sections (Form 1065)
512-514)
Yes No Yes No
(1) BLUE GRASS SPIRITS LLC RESTAURANT NJ -513689 99 99 No Yes 99.000 %
25 RECKLESS PLACE
RED BANK, NJ 07701
81-1349435
Part IV Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34
because it had one or more related organizations treated as a corporation or trust during the tax year.
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Name, address, and EIN of Primary activity Legal Direct controlling Type of entity Share of total Share of end-of- Percentage Section 512(b)
related organization domicile entity (C corp, S corp, income year ownership (13) controlled
(state or foreign or trust) assets entity?
(state or foreign or trust) assets entity?
country) Yes No
(1)NJ THOROUGHBRED HORSEMAN'S BENEVOLENT ASSOC SEE ATTACHED NJ NJTHA INC T 0%
175 OCEANPORT AVE

OCEANPORT, NJ 07757
22-6556088
Schedule R (Form 990) 2021
Page 3
Part V Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule. Yes No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii)annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . 1a No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1g No

h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1h No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1i No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . 1j No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . 1k No

l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . . . 1l No
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . 1m No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . 1n No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1o No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1p Yes

q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1q No
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1r No

s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1s No
2 If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a) (b) (c) (d)
Name of related organization Transaction Amount involved Method of determining amount involved
type (a-s)
(1)TRANSFER OF FUNDS FOR COVERING EXPENSES OF THE TRUST P 433,000 FAIR MARKET VALUE
Page 4
Part VI Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that
was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)
Name, address, and EIN of entity Primary Legal Predominant Are all partners Share of Share of Disproprtionate Code V-UBI General or Percentage
activity domicile income section total end-of-year allocations? amount in managing ownership
(state or (related, 501(c)(3) income assets box 20 partner?
foreign unrelated, organizations? of Schedule
country) excluded from K-1
tax under (Form 1065)
sections 512-
514)
Yes No Yes No Yes No
Page 5

Part VII Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Additional Data Return to Form
Software ID: 21013422

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7/16/2023 NEW JERSY THOROUBRED HORESMANS BENEVOLENT ASSOCIATION INC - Full Filing- Nonprofit Explorer - ProPublica

efile Public Visual Render ObjectId: 202203199349314

Form 990 Return of Organization Ex

Department of the Treasury Go to www.irs.gov/Form990 for inst

A For the 2021 calendar year, or tax year beginning 01-01-2021 ,

City or town, state or province, country, and ZIP or foreign po

F Name and address of principal officer:

K Form of organization: Corporation Trust Association Other

2 Check this box

17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e) .

20 Total assets (Part X, line 16) . . . . . . . . .

Print/Type preparer's name Preparer's signature

Use Only Firm's address 1011 HIGHWAY 71

SPRING LAKE, NJ 07762

Form 990 (2021)

2 Did the organization undertake any significant program services durin

4a (Code: ) (Expenses $ including

4b (Code: ) (Expenses $ including

4c (Code: ) (Expenses $ including

4d Other program services (Describe in Schedule O.)

Form 990 (2021)

1 Is the organization described in section 501(c)(3) or 4947(a)(1) (othe

4 Section 501(c)(3) organizations. Did the organization engage in l

5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organ

8 Did the organization maintain collections of works of art, historical tre

10 Did the organization, directly or through a related organization, hold a

f Did the organization’s separate or consolidated financial statements fo

14a Did the organization maintain an office, employees, or agents outside

Form 990 (2021)

b Did the organization invest any proceeds of tax-exempt bonds beyond

c Did the organization maintain an escrow account other than a refundi

25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. D

b Is the organization aware that it engaged in an excess benefit transac

28 Was the organization a party to a business transaction with one of the

b A family member of any individual described in line 28a? If "Yes," com

c A 35% controlled entity of one or more individuals and/or organizatio

30 Did the organization receive contributions of art, historical treasures,

Part V Statements Regarding Other IRS Filings and Tax

Form 990 (2021)

Part V Statements Regarding Other IRS Filings and Tax

c If "Yes," to line 5a or 5b, did the organization file Form 8886-T? .

e Did the organization receive any funds, directly or indirectly, to pay p

8 Sponsoring organizations maintaining donor advised funds. Di

12a Section 4947(a)(1) non-exempt charitable trusts. Is the organiz

13 Section 501(c)(29) qualified nonprofit health insurance issuer

17 Section 501(c)(21) organizations. Did the trust, any disqualified p

Form 990 (2021)

1a Enter the number of voting members of the governing body at the en

Section B. Policies (This Section B requests information about

10a Did the organization have local chapters, branches, or affiliates? .

Form 990 (2021)

(1) PAT MCBURNEY 0.00

(3) TIMOTHY HILLS 0.00

(4) DOMINIC J BOSSONE 0.00

(5) JAMES CAHILL 0.00

(6) BOB MATTHIES 0.00

(7) THOMAS SWALES 0.00

(8) BENJAMIN PERKINS JR 0.00

Form 990 (2021)