2025-09-11T07:36:05-07:00 2024-12-31 112690003 Sklar Kantor Block CPAS LLP 500 Bedford Avenue Bellmore NY 11710 990 2024-01-01 111867812 STANDARDBRED OWNERS ASSOCIATION INC STAN 9149683599 733 YONKERS AVENUE 102 YONKERS NY 10704 JOSEPH A FARALDO President 2025-09-11 true true Craig Gordon CPA P00965510 5168264300 2024 2025-03-06 01:10:19Z JOSEPH A FARALDO 733 YONKERS AVENUE 102 YONKERS NY 107042659 10649297 false X WWW.SOAOFNY.COM X 1951 NY REPRESENTS HORSEOWNERS AND TRAINERS, PROMOTES AND EDUCATES THE PUBLIC ABOUT THE SPORT AND HISTORY OF HARNESS RACING, PROVIDES SUPPORT AND ANCILLIARY ACTIVITIES AT RACETRACKS. PROVIDES FOR INTERNATIONAL COMPETITION WITH SIMILAR ORGANIZATIONS. 15 15 5 0 0 2037105 2845251 638699 955390 0 2675804 3800641 0 82495 157443 190883 207912 0 0 919199 788596 1192577 1153951 1483227 2646690 20192541 21700419 14656097 14460235 5536444 7240184 REPRESENTS HORSEOWNERS AND TRAINERS, PROMOTES AND EDUCATES THE PUBLIC ABOUT THE SPORT AND HISTORY OF HARNESS RACING, PROVIDES SUPPORT AND ANCILLIARY ACTIVITIES AT RACETRACKS. PROVIDES FOR INTERNATIONAL COMPETITION WITH SIMILAR ORGANIZATIONS. false false 1153951 2845251 REPRESENTS HORSEOWNERS AND TRAINERS, PROMOTES AND EDUCATES THE PUBLIC ABOUT THE SPORT AND HISTORY OF HARNESS RACING, PROVIDES SUPPORT AND ANCILLIARY ACTIVITIES AT RACETRACKS. PROVIDES FOR INTERNATIONAL COMPETITION WITH SIMILAR ORGANIZATIONS. 1153951 false false false true false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 1 0 true 5 true false false false false false false false false false false false X 15 15 false false false false false true false true false false false true true true true false true true true false NY X THE ORGANIZATION 9149683599 733 YONKERS AVE YONKERS NY 10704 PATRICK O'BRIEN Foundation Mana 30.00 0.00 X 115028 0 0 IRVING ATHERTON Treasurer 10.00 0.00 X X 0 0 0 PETER KLEINHANS Director 10.00 0.00 X 0 0 0 CHARLES LONGO Director 10.00 0.00 X 0 0 0 MICHAEL KIMELMAN Director 10.00 0.00 X 0 0 0 PETER VENAGLIA 1ST VP 10.00 0.00 X X 0 0 0 ANDREW HARRIS Director 10.00 0.00 X 0 0 0 JOSEPH A FARALDO President 10.00 0.00 X X 0 0 0 RAY SCHNITTKER Director 10.00 0.00 X 0 0 0 TOM CERASO Director 10.00 0.00 X 0 0 0 CHRIS WITTSTRUCK Director 10.00 0.00 X 0 0 0 PETER YOUNGER Director 10.00 0.00 X 0 0 0 STANLEY NOGA Director 10.00 0.00 X 0 0 0 MICHAEL FORTE Director 10.00 0.00 X 0 0 0 SANDRA KAUFMAN Director 10.00 0.00 X 0 0 0 JORDAN STRATTON Director 10.00 0.00 X 0 0 0 115028 1 false false false 0 0 Membership Dues & Assessments 713990 24402 24402 OTHER INCOME 16849 16849 PURSE SHARE-YONKERS RACEW 2804000 2804000 2845251 780772 780772 0 0 0 7023274 6848656 174618 174618 174618 0 0 0 0 3800641 3800641 0 0 0 157443 157443 115028 115028 0 66502 66502 0 0 26382 0 168563 168563 22166 74177 74177 0 96350 84581 84581 0 36557 2935 0 32139 2507 0 988 0 0 1316 15428 TRACK AND RACE PROMOTION 133447 PUBLIC RELATIONS 86247 TAX ON POLIT. ACTIVITIES 10128 CHARITABLE CONTRIBUTIONS 9350 11717 1153951 666294 0 0 195303 109363 858734 891647 0 52952 45116 0 0 0 0 0 206150 206150 1316 0 10970070 11534442 0 174638 175550 0 7939528 8944301 20192541 21700419 24222 14517 14631875 14445718 14656097 14460235 X 5444444 7148184 92000 92000 5536444 7240184 20192541 21700419 X 2646690 757050 -1700000 X false false false false false false false 24402 74177 -1 74176 -1 24403 193003 204835 -11832 13147 1315 11832 DEPOSITS 2280 DUE FROM AFFILIATED FUNDS 791326 8944301 Rounding 1 UNDESIGNATED FUNDS FOR NEW RETIREMENT PL 14445717 14445718 X 3800641 3800641 3800641 1153951 1153951 1153951 Part X : FIN48 Footnote The Associaton has evaluated its tax positions for all open tax years (2022-2024). The Association is not currently under audit nor has the Association been contacted by any jurisdiction. Based on the evaluation of the Association's tax position, management believes all tax positions taken would be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended December 31, 2024 Form 990, Part VI, Section B, Line 11b MANAGER REVIEWS FORM 990 AND MAKES INQUIRIES IF REQUIRED Form 990, Part VI, Section B, Line 12c BOARD INQUIRES OF CONFLICTS IF BROUGHT TO THEIR ATTENTION Form 990, Part VI, Section B, Line 15b COMPENSATION IS REVIEWED AND VOTED BY THE BOARD Form 990, Part VI, Section C, Line 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS AND THE PUBLIC ON REQUEST Form 990, Part XI, Line 9 TRANSFER TO WELFARE FUND = -$1700000 STANDARDBRED OWNERS ASSC WELFARE FUND 733 YONKERS AVE-SUITE 102 YONKERS NY 10704 111875256 HEALTH AND WELFARE BENEFITS TO MEMBERSHIP NY 501(c)(9) N/A false STANDARDBRED OWNERS ASSC EMG WELF FND 733 YONKERS AVE YONKERS NY 10704 116038293 TRADE ASSOC NY 501(c)(6) N/A false false false false false false false false false false false false false false false false false false false false Subject: Reasonable Cause Statement for Late Filing of Form 990This is a statement of reasonable cause for the late filing of the Form 990 for The Standardbred Owners Association Inc. for the fiscal year ending December 31, 2024. We are requesting an abatement of the penalties associated with this late filing. The reason for the delay was an unforeseen medical emergency experienced by our tax accountant, Craig Gordon. He was the sole individual responsible for the preparation and filing of our tax documents. On May 15, 2025, just prior to the filing deadline, he suffered a serious medical emergency that required immediate treatment and subsequent hospitalization. As a result of this emergency, he was incapacitated and unable to complete the Form 990 or to file for an extension on our behalf. We were not aware of his condition until after the filing deadline had passed, as he was unable to communicate with us during this critical period.We understand the importance of timely filing and have always maintained a history of compliance with our tax obligations. This was an exceptional and unavoidable circumstance beyond our control. We have taken steps to ensure that such a situation will not occur again in the future, including establishing a contingency plan for our financial and tax-related matters.We believe that this unfortunate and unforeseen event constitutes reasonable cause for the late filing. We kindly request that you consider this statement and grant us a waiver of the associated penalties.