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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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