Public Charity

FAR HILLS RACE MEETING ASSOCIATION INC

Based in FAR HILLS, NJ, FAR HILLS RACE MEETING ASSOCIATION INC operates as a Public Charity. The organization reported $4.1M in revenue, $3.9M in expenses, $7.8M in total assets for fiscal year 2024. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $24K.

EIN: 222529715 FAR HILLS, NJ Latest filing: 2024
Total Revenue$4.1M
Total Expenses$3.9M
Total Assets$7.8M
Grant Records1
Funding Total$24K
Filing Years2019–2024

Mission

THE ORGANIZATION HOLDS A ONE DAY STEEPLECHASE EVENT ANNUALLY. THE LARGEST INDIVIDUAL BENEFICIARY OF THE EVENT IS THE SOMERSET MEDICAL HEALTH CARE FOUNDATION, A RECOGNIZED SECTION 501(C)(3) NON PROFIT ENTITY. AT THE DISCRETION OF THE BOARD OF TRUSTEES, THE ORGANIZATION ALSO SUPPORTS OTHER RECOGNIZED SECTION 501(C)(3) NOT-FOR-PROFIT ORGANIZATIONS.

Where $100 goes at Far Hills Race Meeting Association Inc

How Far Hills Race Meeting Association Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$82 Programs the work itself
$18 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $82 for programs

$82
The organization holds a one day steeplechase event annually
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
general assistance
$24,500

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

TRUSTEE Anthony Knapp
TRUSTEE Douglas Scher
TRUSTEE/CO-CHAIRMAN Guy J Torsilieri
TRUSTEE John Morris
TRUSTEE Reese E Howard Jr
TRUSTEE/CO-CHAIRMAN Ronald A Kennedy

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$24,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.1M $3.9M $7.8M
2023 $3.4M $3.7M $7.3M
2022 $3.7M $3.2M $7.5M
2020 $353K $836K $7.0M
2019 $3.3M $3.4M $7.1M

Between 2019 and 2024, reported annual revenue grew from $3.3M to $4.1M (+26%), with total assets most recently reported at $7.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for FAR HILLS RACE MEETING ASSOCIATION INC

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