EIN 22-2529715

Far Hills Race Meeting Association

Name: Far Hills Race Meeting Association financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Far Hills

State

New Jersey

Year formed

1984

Most recent tax filings

2022-12-01

NTEE code, primary

N70: Amateur Sports Competitions

Description

The Far Hills Race Meeting Association holds a one day steeplechase event annually, with the Somerset Health Care Foundation, Inc. being the largest individual beneficiary of the event. The Board of Trustees also has discretion in supporting other nonprofit entities.

Total revenues

$3,701,526

2022

Total expenses

$3,223,451

2022

Total assets

$7,500,434

2022

Num. employees

2022

Program areas at Far Hills Race Meeting Association

The organization holds a one day steeplechase event annually. The largest individual beneficiary of the event is the somerset health care foundation, Inc., a section 501(c)(3) non profit entity. At the discretion of the board of trustees, the organization also supports other non-profit section 501(c)(3) health care entities: crossroads4hope, the arc of somerset county, community in crisis, lifecamp, bonnie brae and steeplechase cancer center.

Grants made by Far Hills Race Meeting Association

Grantee	Grant description	Grant year	Amount
Union Hook and Ladder No1 of Bedminster - Far Hills NJ	Support Programs & Services of Far Hills Bedminster Fire Depart., A 501(c)(3) Organization.	2022-12	$25,000
Foundation for Morristown Medical Center	Support Programs & Services of Foundation for Morristown Medical Center, A 501(c)(3) Organization.	2022-12	$20,000

Who funds Far Hills Race Meeting Association

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Brueckner Family Charitable Foundation	2023-12	General	$5,000
Gayda Family Foundation Gayda Family Foundation	2022-12	Unrestricted Gift To Support Entitys Charitable Purpose	$1,200

Personnel at Far Hills Race Meeting Association

Name	Title	Compensation	Date of data
Guy J Torsilieri	Trustee , Chair	$0	2023-11-14
Ronald A Kennedy	Trustee and Chairman	$0	2022-12-31

Financials for Far Hills Race Meeting Association

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$108,193	$13,540	699.1%
Program services	$3,515,452	$3,367,881	4.4%
Investment income and dividends	$33,192	$32,739	1.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$18,000	$18,000	-
Net gain from sale of non-inventory assets	$26,689	$1,222	2084%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$3,701,526	$3,433,382	7.8%

Form 990s for Far Hills Race Meeting Association

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-14	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-08	990	View PDF
2019-12	2021-04-01	990	View PDF
2018-12	2020-01-14	990	View PDF
...and 9 more Form 990s

Organizations like Far Hills Race Meeting Association

Organization	Type	Location	Revenue
Special Olympics Maryland	501(c)(3)	Baltimore, MD	$7,036,227
Metropolitan Richmond Sports Backers	501(c)(3)	Richmond, VA	$7,080,717
Special Olympics pennsylvania (SOPA)	501(c)(3)	Norristown, PA	$10,162,781
Zurich Classic of New Orleans	501(c)(3)	Avondale, LA	$17,405,479
American Birkebeiner Ski Foundation	501(c)(3)	Hayward, WI	$5,894,721
Head of the Charles Regatta (HOCR)	501(c)(3)	Cambridge, MA	$3,842,865
Special Olympics Missouri	501(c)(3)	Jefferson City, MO	$4,746,840
Lilac Bloomsday Association	501(c)(3)	Spokane, WA	$1,545,221
Special Olympics District of Columbia	501(c)(3)	Washington, DC	$1,098,718
Special Olympics North Carolina	501(c)(3)	Morrisville, NC	$6,481,860

Data update history

January 4, 2024

Posted financials

Added Form 990 for fiscal year 2022

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 26, 2023

Received grants

Identified 2 new grant, including a grant for $5,000 from Brueckner Family Charitable Foundation

June 13, 2023

Posted financials

Added Form 990 for fiscal year 2020

May 9, 2023

Received grants

Identified 1 new grant, including a grant for $1,200 from Gayda Family Foundation Gayda Family Foundation

Nonprofit Types

Sports competitionsSports organizationsCharities

Issues

Human servicesSports

Characteristics

State / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 50 Route 202 PO Box 617; Far Hills, NJ 07931
Metro area: New York-Newark-Jersey City, NY-NJ-PA
County: Somerset County, NJ
Website URL: farhillsrace.org/
Phone: (908) 234-9115

IRS details

EIN: 22-2529715
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1984
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: N70: Amateur Sports Competitions
NAICS code, primary: 7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status: Independent

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Far Hills Race Meeting Association

Program areas at Far Hills Race Meeting Association

Grants made by Far Hills Race Meeting Association

Who funds Far Hills Race Meeting Association

Personnel at Far Hills Race Meeting Association

Financials for Far Hills Race Meeting Association

Form 990s for Far Hills Race Meeting Association

Organizations like Far Hills Race Meeting Association

Nonprofits

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