Far Hills Race Meeting Association Inc
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+7.4% YoY
Annual Giving
$478K
+5.5% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$96K
-15.6% YoY
About Far Hills Race Meeting Association Inc
Based on IRS filings
Far Hills Race Meeting Association Inc is a nonprofit organization, based in FAR HILLS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 5 grants totaling $478K. Net investment income was $135K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,834,017 | $7,296,695 | $7,500,434 |
| Revenue | $4,118,168 | $3,408,211 | $3,701,526 |
| Expenses | $3,874,395 | $3,708,849 | $3,223,451 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $134,874 | $31,962 | $59,881 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Somerset Health Care Foundation Inc ($395,000), Far Hills-bedminster Fire Department ($35,000), Foundation for Morristown Medical Center ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOMERSET HEALTH CARE FOUNDATION INC SOMERVILLE, NJ | SUPPORT PROGRAMS & SERVICES OF SOMERSET HEALTH FOUNDATION, A 501(C)(3) ORGANIZATION. | $395,000 |
| FAR HILLS-BEDMINSTER FIRE DEPARTMENT BEDMINSTER, NJ | SUPPORT PROGRAMS & SERVICES OF FAR HILLS BEDMINSTER FIRE DEPART., A 501(C)(3) ORGANIZATION. | $35,000 |
| FOUNDATION FOR MORRISTOWN MEDICAL CENTER MORRISTOWN, NJ | SUPPORT PROGRAMS & SERVICES OF FOUNDATION FOR MORRISTOWN MEDICAL CENTER, A 501(C)(3) ORGANIZATION. | $20,000 |
| FAR HILLS-BEDMINSTER FIRST AID SQUAD INC BEDMINSTER, NJ | SUPPORT PROGRAMS & SERVICES OF FAR HILLS BEDMINSTER FIRST AID SQUAD, A 501(C)(3) ORGANIZATION. | $12,500 |
| LIFECAMP INC MORRISTOWN, NJ | SUPPORT PROGRAMS & SERVICES OF LIFE CAMP, INC., A 501(C)(3) ORGANIZATION. | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD A KENNEDY | TRUSTEE/CO-CHAIRMAN | 10 | — |
| GUY J TORSILIERI | TRUSTEE/CO-CHAIRMAN | 10 | — |
| ANTHONY KNAPP | TRUSTEE | 1 | — |
| DOUGLAS SCHER | TRUSTEE | 1 | — |
| REESE E HOWARD JR | TRUSTEE | 1 | — |
| JOHN MORRIS | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is Far Hills Race Meeting Association Inc?
As of 2024, Far Hills Race Meeting Association Inc holds $7.8M in total assets with $4.1M in annual revenue. It awarded 5 grants totaling $478K in 2024.
Where does Far Hills Race Meeting Association Inc operate?
Far Hills Race Meeting Association Inc has awarded grants in New Jersey.
What size grants does Far Hills Race Meeting Association Inc award?
In 2024, Far Hills Race Meeting Association Inc awarded 5 grants totaling $478K — an average of about $96K per grant, based on its IRS Form 990 filings.
What is Far Hills Race Meeting Association Inc's EIN?
Far Hills Race Meeting Association Inc's EIN (Employer Identification Number) is 22-2529715. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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