{"success":true,"data":{"_id":222529715,"filings":[{"Organization":{"value":null,"Person":["JOHN T VON STADE","GUY J TORSILIERI SEE SCH O","ANTHONY KNAPP","DOUGLAS SCHER","JOHN D KISSEL","MRS GW MERCK","RONALD A KENNEDY"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,0.0,0.0,0.0,0.0,5.0],"Total Compensation":[0,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) is held annually for the primary benefit of somerset health care foundation, inc., its affiliated entities and/or (at the discretion of the board of directors) other non-profit section 501 (c)(3) health care organizations.","year":2014,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"JOHN VON STADE","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":432,"tax_period_begin":"2014-01-01T00:00:00","tax_period_end":"2014-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3470283,"Contributions":{"value":46322,"Other contributions":46322,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3422872,"Total revenue":{"value":3422872,"RESERVATIONS & ADMISSI":2781171,"TENT RENTALS":235685,"OTHER":227186,"CORPORATE SPONSORSHIP":128500,"PARKING FEES":50330},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1089,"Investment income total":1089,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3214344,"Grant expense":{"value":847740,"Grants to domestic orgs":847740,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":2366604,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":117408,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1425947,"PURSES":540250,"COURSE & GROUNDS MAINTE":398348,"SECURITY":265414,"OFFICE & ADMINISTRATIVE":221935},"All other expenses":823249},"Functional Expenses":{"value":null,"Program Service Expenses":2746949,"Management And General Expenses":467395,"Fundraising Expenses":0}},"Assets":{"value":6124454,"Non-interest bearing cash":0,"Savings and temp cash investments":1471839,"Pledges and grants receivable":0,"Accounts receivable":8400,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":23127,"Land, building, equipment":4540384,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":80704},"Liabilities":{"value":38251,"Sum of Total Liabilities":0,"Accounts payable, accrued":38251,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":6086203,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":6086203,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8545908589746462,"percentile":0.7004966447278322},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.07375162198587262,"percentile":0.5748552126601312},"Liabilities to Assets Ratio":{"score":0.006245617976720863,"percentile":0.5203145765633782},"Operating Reserve Ratio":{"score":1.9053511385215771,"percentile":0.6033501884198058},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6114967265886044,"percentile":0.6387460720508809}},"source_xml":"201503209349305780_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","REESE E HOWARD JR"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0],"Direct compensation":[0,0,0,0,0],"Other compensation":[0,0,0,0,0]},"Basic":{"value":null,"mission":"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.","year":2022,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2022-01-01T00:00:00","tax_period_end":"2022-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":5,"Number of independent voting members":3,"Number of employees total":4,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":4,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3701526,"Contributions":{"value":108193,"Other contributions":17563,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":90630,"Related organizations":0},"Program revenue":{"value":3515452,"Total revenue":{"value":3515452,"RESERVATIONS & ADMISSI":2482220,"TENT RENTALS":414330,"OTHER":323622,"CORPORATE SPONSORSHIP":245000,"PARKING FEES":50280},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":59881,"Investment income total":33192,"Net investment gain":26689,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3223451,"Grant expense":{"value":487800,"Grants to domestic orgs":487800,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":2735651,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":14105,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":168680,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1698875,"PURSES":535500,"OFFICE & ADMINISTRATIVE":510481,"COURSE & GROUNDS MAINTE":429317,"SECURITY":223577},"All other expenses":853991},"Functional Expenses":{"value":null,"Program Service Expenses":2698865,"Management And General Expenses":524586,"Fundraising Expenses":0}},"Assets":{"value":7500434,"Non-interest bearing cash":699122,"Savings and temp cash investments":362436,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":33724,"Land, building, equipment":4915958,"Investments publicly traded":0,"Investments other":1406796,"Investments program related":0,"Intangible assets":0,"Other assets":82398},"Liabilities":{"value":6477,"Sum of Total Liabilities":0,"Accounts payable, accrued":4975,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1502},"Fund balance":{"value":7493957,"Net assets without donor restriction":7493957,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8372595085205266,"percentile":0.674662660211225},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.1291561912573355,"percentile":0.6696036158061287},"Liabilities to Assets Ratio":{"score":0.0008635500292383081,"percentile":0.5711297979624176},"Operating Reserve Ratio":{"score":2.32683357060492,"percentile":0.654254354915537},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":-0.028077092105817318,"percentile":0.2402161609116016},"Revenue Growth":{"score":-0.033828485399510305,"percentile":0.25710814924810693},"Asset Growth":{"score":0.022052193555350427,"percentile":0.4125588373083416},"Independent Voting Board Pct":{"score":0.6,"percentile":0.14358321820463743},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5360522943980868,"percentile":0.4172956351543472}},"source_xml":"202343189349310389_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","JOHN T VON STADE","REESE E HOWARD JR"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) is held annually. the largest individual beneficiary of the event is 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.","year":2019,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2019-01-01T00:00:00","tax_period_end":"2019-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":4,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3269503,"Contributions":{"value":53244,"Other contributions":53244,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3189899,"Total revenue":{"value":3189899,"RESERVATIONS & ADMISSI":2497786,"OTHER":274050,"CORPORATE SPONSORSHIP":199500,"TENT RENTALS":197620,"PARKING FEES":20943},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":14360,"Investment income total":34978,"Net investment gain":-20618,"Income from invest bond proceeds":0},"Other revenues":{"value":12000,"Other total":0,"Royalties revenue":0,"Net rental income":12000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3414610,"Grant expense":{"value":81185,"Grants to domestic orgs":81185,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":3333425,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":11264,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":176808,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2245730,"PURSES":857500,"OFFICE & ADMINISTRATIVE":569618,"COURSE & GROUNDS MAINTE":568881,"RACE EXPENSES":249731},"All other expenses":899623},"Functional Expenses":{"value":null,"Program Service Expenses":2843912,"Management And General Expenses":570698,"Fundraising Expenses":0}},"Assets":{"value":7100233,"Non-interest bearing cash":42888,"Savings and temp cash investments":756425,"Pledges and grants receivable":0,"Accounts receivable":6750,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":19635,"Land, building, equipment":5195087,"Investments publicly traded":0,"Investments other":997322,"Investments program related":0,"Intangible assets":0,"Other assets":82126},"Liabilities":{"value":359860,"Sum of Total Liabilities":0,"Accounts payable, accrued":358360,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1500},"Fund balance":{"value":6740373,"Net assets without donor restriction":6740373,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8328658324083863,"percentile":0.6685667791803952},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.0443819748750804,"percentile":0.2940675352922007},"Liabilities to Assets Ratio":{"score":0.050682843788365815,"percentile":0.38732910216261657},"Operating Reserve Ratio":{"score":2.079368654106911,"percentile":0.6261889282674977},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.03223691113342738,"percentile":0.4586067192744479},"Revenue Growth":{"score":0.008973205313398071,"percentile":0.41013776890469394},"Asset Growth":{"score":0.03720819451804659,"percentile":0.4759028122193759},"Independent Voting Board Pct":{"score":0.6666666666666666,"percentile":0.15937247719534797},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.500647804782233,"percentile":0.3231694452204961}},"source_xml":"202033219349305558_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","REESE E HOWARD JR","JOHN MORRIS"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"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 501(c)(3) non-profit organizations.","year":2024,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":3,"Number of employees total":2,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":2,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4118168,"Contributions":{"value":157909,"Other contributions":35841,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":122068,"Related organizations":0},"Program revenue":{"value":3807385,"Total revenue":{"value":3807385,"RESERVATIONS & ADMISSI":2490430,"OTHER":599199,"TENT RENTALS":499036,"CORPORATE SPONSORSHIP":170000,"PARKING FEES":48720},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":134874,"Investment income total":92095,"Net investment gain":42779,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3874395,"Grant expense":{"value":492300,"Grants to domestic orgs":492300,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":3382095,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":16941,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":213841,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2182233,"COURSE & GROUNDS MAINTE":657936,"PURSES":655500,"OFFICE & ADMINISTRATIVE":602003,"PUBLICITY/PUBLIC RELATI":266794},"All other expenses":969080},"Functional Expenses":{"value":null,"Program Service Expenses":3247117,"Management And General Expenses":627278,"Fundraising Expenses":0}},"Assets":{"value":7834017,"Non-interest bearing cash":608382,"Savings and temp cash investments":315752,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":54469,"Land, building, equipment":4708103,"Investments publicly traded":0,"Investments other":1730470,"Investments program related":0,"Intangible assets":0,"Other assets":416841},"Liabilities":{"value":160600,"Sum of Total Liabilities":0,"Accounts payable, accrued":121048,"Grants payable":0,"Deferred, revenue":38050,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1502},"Fund balance":{"value":7673417,"Net assets without donor restriction":7673417,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8380965286193071,"percentile":0.6758355956917178},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.059194525332623635,"percentile":0.5450378963042009},"Liabilities to Assets Ratio":{"score":0.02050033845982208,"percentile":0.4559610837172031},"Operating Reserve Ratio":{"score":2.0219974989643545,"percentile":0.6189213216203922},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.005224886807254937,"percentile":0.34391230170325476},"Revenue Growth":{"score":-0.002571689176307368,"percentile":0.3584821987255347},"Asset Growth":{"score":0.017972259488835192,"percentile":0.3953110145235527},"Independent Voting Board Pct":{"score":0.5,"percentile":0.13286510289801773},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5254054325092312,"percentile":0.38789868696057883}},"source_xml":"202533219349308618_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","REESE E HOWARD JR","JOHN MORRIS"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"mission":"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.","year":2023,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2023-01-01T00:00:00","tax_period_end":"2023-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":5,"Number of independent voting members":3,"Number of employees total":3,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":3,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3408211,"Contributions":{"value":38753,"Other contributions":38753,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3319496,"Total revenue":{"value":3319496,"RESERVATIONS & ADMISSI":2148740,"OTHER":438816,"TENT RENTALS":378480,"CORPORATE SPONSORSHIP":316500,"PARKING FEES":36960},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":31962,"Investment income total":62446,"Net investment gain":-30484,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3708849,"Grant expense":{"value":465600,"Grants to domestic orgs":465600,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":3243249,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":14268,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":179379,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2077577,"PURSES":635500,"COURSE & GROUNDS MAINTE":621504,"OFFICE & ADMINISTRATIVE":567927,"PUBLICITY/PUBLIC RELATI":252646},"All other expenses":972025},"Functional Expenses":{"value":null,"Program Service Expenses":3109873,"Management And General Expenses":598976,"Fundraising Expenses":0}},"Assets":{"value":7296695,"Non-interest bearing cash":501294,"Savings and temp cash investments":300000,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":34766,"Land, building, equipment":4837265,"Investments publicly traded":0,"Investments other":1484730,"Investments program related":0,"Intangible assets":0,"Other assets":138640},"Liabilities":{"value":20218,"Sum of Total Liabilities":0,"Accounts payable, accrued":4641,"Grants payable":0,"Deferred, revenue":14075,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1502},"Fund balance":{"value":7276477,"Net assets without donor restriction":7276477,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8385008394787709,"percentile":0.6764089726341908},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.08820991423359645,"percentile":0.23565837504348663},"Liabilities to Assets Ratio":{"score":0.002770843512028391,"percentile":0.5482774612320213},"Operating Reserve Ratio":{"score":1.9673745143034942,"percentile":0.6117594087132464},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":-0.007164937171374763,"percentile":0.2970567291716117},"Revenue Growth":{"score":-0.019623305284940898,"percentile":0.29760647910565136},"Asset Growth":{"score":0.017745923087971554,"percentile":0.3943261055274057},"Independent Voting Board Pct":{"score":0.6,"percentile":0.14358321820463743},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4655696055395792,"percentile":0.2430075856189416}},"source_xml":"202403209349321045_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","JOHN D KISSEL","REESE E HOWARD JR","JOHN T VON STADE","LOUIS G PIANCONE"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) is held annually. the largest individual beneficiary of the event is 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.","year":2017,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY T TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2017-01-01T00:00:00","tax_period_end":"2017-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3880439,"Contributions":{"value":78845,"Other contributions":78845,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3769314,"Total revenue":{"value":3769314,"RESERVATIONS & ADMISSI":3035025,"TENT RENTALS":267400,"OTHER":233319,"CORPORATE SPONSORSHIP":188000,"PARKING FEES":45570},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":14280,"Investment income total":15103,"Net investment gain":-823,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3749895,"Grant expense":{"value":693745,"Grants to domestic orgs":693745,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":3056150,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":4265,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":147231,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2052603,"PURSES":809000,"COURSE & GROUNDS MAINTE":527874,"OFFICE & ADMINISTRATIVE":433692,"SECURITY":282037},"All other expenses":852051},"Functional Expenses":{"value":null,"Program Service Expenses":3062567,"Management And General Expenses":687328,"Fundraising Expenses":0}},"Assets":{"value":7593277,"Non-interest bearing cash":704070,"Savings and temp cash investments":983932,"Pledges and grants receivable":0,"Accounts receivable":52048,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":17267,"Land, building, equipment":4872544,"Investments publicly traded":882347,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":81069},"Liabilities":{"value":211863,"Sum of Total Liabilities":0,"Accounts payable, accrued":211863,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":7381414,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":7381414,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8167074011405653,"percentile":0.6468348464952913},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.03364155447360466,"percentile":0.48680849103843965},"Liabilities to Assets Ratio":{"score":0.027901392244744923,"percentile":0.4344313975153753},"Operating Reserve Ratio":{"score":2.024930564722479,"percentile":0.6193115598839916},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.05315186966161347,"percentile":0.5430363812884479},"Revenue Growth":{"score":0.07195866410029136,"percentile":0.6879024349},"Asset Growth":{"score":0.06877174235002548,"percentile":0.5937027503716888},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5741534032279814,"percentile":0.5292252613449809}},"source_xml":"201833179349306878_public.xml"},{"Organization":{"value":null,"Person":["JOHN T VON STADE","GUY J TORSILIERI SEE SCH O","ANTHONY KNAPP","DOUGLAS SCHER","JOHN D KISSEL","REESE E HOWARD JR","RONALD A KENNEDY"],"Title":["TRUSTEE","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE/CO-CHAIRMAN"],"Hours":[10.0,10.0,0.0,0.0,0.0,0.0,5.0],"Total Compensation":[0,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) is held annually for the primary benefit of somerset health care foundation, inc., its affiliated entity cancer support community of central nj, and/or (at the discretion of the board of directors) other non-profit section 501 (c)(3) health care organizations.","year":2015,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY T TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2015-01-01T00:00:00","tax_period_end":"2015-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3663860,"Contributions":{"value":50603,"Other contributions":50603,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3593575,"Total revenue":{"value":3593575,"RESERVATIONS & ADMISSI":2966006,"TENT RENTALS":230700,"OTHER":181675,"CORPORATE SPONSORSHIP":168260,"PARKING FEES":46934},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1682,"Investment income total":1682,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3135626,"Grant expense":{"value":640860,"Grants to domestic orgs":640860,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":2494766,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":114930,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1626091,"PURSES":609000,"COURSE & GROUNDS MAINTE":502146,"OFFICE & ADMINISTRATIVE":279980,"SECURITY":234965},"All other expenses":753745},"Functional Expenses":{"value":null,"Program Service Expenses":2591114,"Management And General Expenses":544512,"Fundraising Expenses":0}},"Assets":{"value":6737216,"Non-interest bearing cash":0,"Savings and temp cash investments":1969367,"Pledges and grants receivable":0,"Accounts receivable":1500,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":22891,"Land, building, equipment":4662633,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":80825},"Liabilities":{"value":122779,"Sum of Total Liabilities":0,"Accounts payable, accrued":122779,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":6614437,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":6614437,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.826346637003265,"percentile":0.6595844779389848},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.1441741769609101,"percentile":0.6908206141057933},"Liabilities to Assets Ratio":{"score":0.01822399638070087,"percentile":0.4636796518706789},"Operating Reserve Ratio":{"score":2.1486031816294417,"percentile":0.6345274166125904},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.03477705097885582,"percentile":0.46956686412436666},"Revenue Growth":{"score":0.10885643585107659,"percentile":0.7829847885592092},"Asset Growth":{"score":0.07105265014238607,"percentile":0.6011488642426448},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6172644316339788,"percentile":0.6551242174849407}},"source_xml":"201623199349309717_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","JOHN D KISSEL","REESE E HOWARD JR","JOHN T VON STADE","LOUIS G PIANCONE"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) is held annually. the largest individual beneficiary of the event is 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.","year":2018,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2018-01-01T00:00:00","tax_period_end":"2018-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3300975,"Contributions":{"value":60785,"Other contributions":60785,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3210918,"Total revenue":{"value":3210918,"RESERVATIONS & ADMISSI":2507526,"OTHER":277748,"TENT RENTALS":196550,"CORPORATE SPONSORSHIP":193985,"PARKING FEES":35109},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":20272,"Investment income total":34832,"Net investment gain":-14560,"Income from invest bond proceeds":0},"Other revenues":{"value":9000,"Other total":0,"Royalties revenue":0,"Net rental income":9000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3924675,"Grant expense":{"value":489148,"Grants to domestic orgs":489148,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":3435527,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":10562,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":41,"Payments to affiliates":0,"Depreciation and depletion":169684,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2284897,"PURSES":869000,"COURSE & GROUNDS MAINTE":604939,"OFFICE & ADMINISTRATIVE":519020,"RACE EXPENSES":291938},"All other expenses":970343},"Functional Expenses":{"value":null,"Program Service Expenses":3132053,"Management And General Expenses":792622,"Fundraising Expenses":0}},"Assets":{"value":7398819,"Non-interest bearing cash":458165,"Savings and temp cash investments":724372,"Pledges and grants receivable":0,"Accounts receivable":27966,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":18976,"Land, building, equipment":5237972,"Investments publicly traded":0,"Investments other":850016,"Investments program related":0,"Intangible assets":0,"Other assets":81352},"Liabilities":{"value":689916,"Sum of Total Liabilities":0,"Accounts payable, accrued":294916,"Grants payable":395000,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":6708903,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":6708903,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.798041366482575,"percentile":0.6223751943479977},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.1889441755844864,"percentile":0.15711543388104254},"Liabilities to Assets Ratio":{"score":0.09324677357291751,"percentile":0.3323023746667257},"Operating Reserve Ratio":{"score":1.885205526572264,"percentile":0.6005287920458489},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.04946857503146982,"percentile":0.529365870294884},"Revenue Growth":{"score":0.028718777399551382,"percentile":0.5084145447276496},"Asset Growth":{"score":0.05300562266593013,"percentile":0.5381730036247904},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.47989807288061437,"percentile":0.27437738269248574}},"source_xml":"201903179349308335_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","JOHN D KISSEL","REESE E HOWARD JR","JOHN T VON STADE","LOUIS G PIANCONE"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) is held annually. the largest individual beneficiary of the event is 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.","year":2016,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY T TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2016-01-01T00:00:00","tax_period_end":"2016-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4185646,"Contributions":{"value":53588,"Other contributions":53588,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":4111283,"Total revenue":{"value":4111283,"RESERVATIONS & ADMISSI":3438124,"TENT RENTALS":226200,"CORPORATE SPONSORSHIP":211004,"OTHER":192115,"PARKING FEES":43840},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":2775,"Investment income total":2775,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3603232,"Grant expense":{"value":653704,"Grants to domestic orgs":653704,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":2949528,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":131685,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1950632,"PURSES":709000,"COURSE & GROUNDS MAINTE":567635,"OFFICE & ADMINISTRATIVE":406793,"SECURITY":267204},"All other expenses":867211},"Functional Expenses":{"value":null,"Program Service Expenses":2902627,"Management And General Expenses":700605,"Fundraising Expenses":0}},"Assets":{"value":7255736,"Non-interest bearing cash":0,"Savings and temp cash investments":2522561,"Pledges and grants receivable":0,"Accounts receivable":750,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":26256,"Land, building, equipment":4625223,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":80946},"Liabilities":{"value":58885,"Sum of Total Liabilities":0,"Accounts payable, accrued":58885,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":7196851,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":7196851,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8055620620598396,"percentile":0.6325231807819033},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.13914554647000726,"percentile":0.6839601693935959},"Liabilities to Assets Ratio":{"score":0.008115648088629464,"percentile":0.508654685996988},"Operating Reserve Ratio":{"score":2.0136743901031076,"percentile":0.6178585235736448},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.04948169071098805,"percentile":0.5294061444677425},"Revenue Growth":{"score":0.11087419336551732,"percentile":0.7869796360486482},"Asset Growth":{"score":0.07435957153815584,"percentile":0.6115881145903628},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6177896015270927,"percentile":0.6565769062089843}},"source_xml":"201703079349301935_public.xml"},{"Organization":{"value":null,"Person":["JOHN T VON STADE","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","JOHN D KISSEL","MRS GW MERCK"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,0.0,0.0,0.0,0.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Far hills race meeting (a one day steeplechase event) held annually for benefit of somerset medical center foundation, its affiliated entities and/or (at the discretion of the board of directors) other non-profit section 501 (c)(3) health care related organizations.","year":2013,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"JOHN VON STADE","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":430,"tax_period_begin":"2013-01-01T00:00:00","tax_period_end":"2013-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":4,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":2933259,"Contributions":{"value":42755,"Other contributions":42755,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":2889496,"Total revenue":{"value":2889496,"RESERVATIONS & ADMISSI":2140654,"TENT RENTALS":296775,"OTHER":257479,"CORPORATE SPONSORSHIP":130000,"PARKING FEES":64588},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1008,"Investment income total":1008,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":2855532,"Grant expense":{"value":665045,"Grants to domestic orgs":665045,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":2190487,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":114342,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1477220,"PURSES":509750,"COURSE & GROUNDS MAINTE":465681,"SECURITY":271049,"OFFICE & ADMINISTRATIVE":230740},"All other expenses":598925},"Functional Expenses":{"value":null,"Program Service Expenses":2411444,"Management And General Expenses":444088,"Fundraising Expenses":0}},"Assets":{"value":5850834,"Non-interest bearing cash":0,"Savings and temp cash investments":1099808,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":12753,"Land, building, equipment":4657790,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":80483},"Liabilities":{"value":20570,"Sum of Total Liabilities":0,"Accounts payable, accrued":20570,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":5830264,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":5830264,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8444815186802319,"percentile":0.6849379294788654},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.02649851240548482,"percentile":0.4690418916745929},"Liabilities to Assets Ratio":{"score":0.003515738098192497,"percentile":0.5412862791753313},"Operating Reserve Ratio":{"score":2.048947096372935,"percentile":0.6223892080022488},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.75,"percentile":0.17719847849878714},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5841587644753217,"percentile":0.5587993959662689}},"source_xml":"201443029349301214_public.xml"},{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","JOHN T VON STADE","REESE E HOWARD JR"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"mission":"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 five other non-profit section 501(c)(3) health care entities: crossroads4hope, the arc of somerset county, community in crisis, lifecamp and bonnie brae. because of covid-19, the 2020 event was cancelled.","year":2020,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":25,"tax_period_begin":"2020-01-01T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":4,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":352833,"Contributions":{"value":53705,"Other contributions":53705,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":264083,"Total revenue":264083,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":17045,"Investment income total":32925,"Net investment gain":-15880,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":835773,"Grant expense":{"value":10000,"Grants to domestic orgs":10000,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":825773,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":11732,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":9,"Payments to affiliates":0,"Depreciation and depletion":187935,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":582242,"OFFICE & ADMINISTRATIVE":406221,"COURSE & GROUNDS MAINTE":78849,"PUBLICITY/PUBLIC RELATI":70843,"AUDIO, VIDEO EXPENSE":26329},"All other expenses":43855},"Functional Expenses":{"value":null,"Program Service Expenses":429552,"Management And General Expenses":406221,"Fundraising Expenses":0}},"Assets":{"value":6969336,"Non-interest bearing cash":116622,"Savings and temp cash investments":461863,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":32000,"Land, building, equipment":5011152,"Investments publicly traded":0,"Investments other":1265427,"Investments program related":0,"Intangible assets":0,"Other assets":82272},"Liabilities":{"value":643527,"Sum of Total Liabilities":0,"Accounts payable, accrued":177102,"Grants payable":0,"Deferred, revenue":416425,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":48500,"Other liabilities":1500},"Fund balance":{"value":6325809,"Net assets without donor restriction":6325809,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.5139577373281979,"percentile":0.47771724682397104},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-1.3687495217284098,"percentile":0.03241887231669323},"Liabilities to Assets Ratio":{"score":0.09233691703198124,"percentile":0.333237058631703},"Operating Reserve Ratio":{"score":8.338790556766012,"percentile":0.8734773179819407},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":-0.054934896591980024,"percentile":0.19077832838189512},"Revenue Growth":{"score":-0.07776900646739801,"percentile":0.17192402482634353},"Asset Growth":{"score":0.026013144255707093,"percentile":0.42925154486046},"Independent Voting Board Pct":{"score":0.6666666666666666,"percentile":0.15937247719534797},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.35303325512373324,"percentile":0.05493159224003441}},"source_xml":"202143129349301584_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["RONALD A KENNEDY","GUY J TORSILIERI","ANTHONY KNAPP","DOUGLAS SCHER","REESE E HOWARD JR","JOHN MORRIS"],"Title":["TRUSTEE/CO-CHAIRMAN","TRUSTEE/CO-CHAIRMAN","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[10.0,10.0,1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"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 501(c)(3) non-profit organizations.","year":2024,"name":"FAR HILLS RACE MEETING ASSOCIATION INC","phone":9082349115,"website":"WWW.FARHILLSRACE.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"GUY J TORSILIERI","year_formation":1984,"state_legal_domicile":"NJ","total_volunteers":400,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"50 ROUTE 202 PO BOX 617, FAR HILLS, NJ, 7931, USA","city":"FAR HILLS","state":"NJ","country":"USA","zip_code":7931},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":3,"Number of employees total":2,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":2,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4118168,"Contributions":{"value":157909,"Other contributions":35841,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":122068,"Related organizations":0},"Program revenue":{"value":3807385,"Total revenue":{"value":3807385,"RESERVATIONS & ADMISSI":2490430,"OTHER":599199,"TENT RENTALS":499036,"CORPORATE SPONSORSHIP":170000,"PARKING FEES":48720},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":134874,"Investment income total":92095,"Net investment gain":42779,"Income from invest bond proceeds":0},"Other revenues":{"value":18000,"Other total":0,"Royalties revenue":0,"Net rental income":18000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3874395,"Grant expense":{"value":492300,"Grants to domestic orgs":492300,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":3382095,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":16941,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":213841,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2182233,"COURSE & GROUNDS MAINTE":657936,"PURSES":655500,"OFFICE & ADMINISTRATIVE":602003,"PUBLICITY/PUBLIC RELATI":266794},"All other expenses":969080},"Functional Expenses":{"value":null,"Program Service Expenses":3247117,"Management And General Expenses":627278,"Fundraising Expenses":0}},"Assets":{"value":7834017,"Non-interest bearing cash":608382,"Savings and temp cash investments":315752,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":54469,"Land, building, equipment":4708103,"Investments publicly traded":0,"Investments other":1730470,"Investments program related":0,"Intangible assets":0,"Other assets":416841},"Liabilities":{"value":160600,"Sum of Total Liabilities":0,"Accounts payable, accrued":121048,"Grants payable":0,"Deferred, revenue":38050,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1502},"Fund balance":{"value":7673417,"Net assets without donor restriction":7673417,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8380965286193071,"percentile":0.6758355956917178},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.059194525332623635,"percentile":0.5450378963042009},"Liabilities to Assets Ratio":{"score":0.02050033845982208,"percentile":0.4559610837172031},"Operating Reserve Ratio":{"score":2.0219974989643545,"percentile":0.6189213216203922},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.005224886807254937,"percentile":0.34391230170325476},"Revenue Growth":{"score":-0.002571689176307368,"percentile":0.3584821987255347},"Asset Growth":{"score":0.017972259488835192,"percentile":0.3953110145235527},"Independent Voting Board Pct":{"score":0.5,"percentile":0.13286510289801773},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5254054325092312,"percentile":0.38789868696057883}},"source_xml":"202533219349308618_public.xml"},"sector":"","donation_categories":[],"zakat_policy":null},"error":null}