Overview

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Est.

1984

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

FAR HILLS RACE MEETING ASSOCIATION INC is a Health-focused nonprofit that hosts an annual one-day steeplechase event, with proceeds primarily benefiting the Somerset Medical Health Care Foundation and, at the board’s discretion, other recognized 501(c)(3) organizations. In filing year 2024, it reported an operating budget of $3.4M and total revenue of $4.1M; the listed funders were Realogy Charitable Foundation and MILLRACE FOUNDATION.

Mission Statement

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 501(C)(3) NON-PROFIT ORGANIZATIONS.
Revenues
$4.1M
Expenses
$3.9M
Net Income:
+$243.8K
Assets
$7.8M
Liabilities
$160.6K
Net Assets:
+$7.7M
Operating Budget
$3.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5K
Largest grant received
$5K
R
Reese E Howard Jr
Board Member
R
Ronald a Kennedy
Board Member
D
Douglas Scher
Board Member
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  • 5 funders
  • 13 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is FAR HILLS RACE MEETING ASSOCIATION INC’s budget?
In 2024, FAR HILLS RACE MEETING ASSOCIATION INC reported an annual operating budget of around $3.4 million. More detailed financial information is available to registered users.
What causes does FAR HILLS RACE MEETING ASSOCIATION INC support?
FAR HILLS RACE MEETING ASSOCIATION INC supports work in Health.
Where does FAR HILLS RACE MEETING ASSOCIATION INC operate?
FAR HILLS RACE MEETING ASSOCIATION INC is headquartered in Far Hills, NJ.
Who funded FAR HILLS RACE MEETING ASSOCIATION INC recently?
In 2025, FAR HILLS RACE MEETING ASSOCIATION INC received grants from Realogy Charitable Foundation, MILLRACE FOUNDATION, and JOHNSON & JOHNSON FOUNDATION UNITED STATES INC. More information on this organization’s funders is available to registered users.
What is the largest grant FAR HILLS RACE MEETING ASSOCIATION INC received in 2024?
The largest grant to FAR HILLS RACE MEETING ASSOCIATION INC in 2024 exceeds $5,000.
What is FAR HILLS RACE MEETING ASSOCIATION INC’s reliance on government grants?
FAR HILLS RACE MEETING ASSOCIATION INC relied on government grants for less than 5% of their total revenue in 2024.