Nonprofit · EIN 11-1867812
STANDARDBRED OWNERS ASSOCIATION INC
Tax-exempt · YONKERS, NY 10704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,800,641 | $1,153,951 | $2,646,690 | $21,700,419 | $14,460,235 | $7,240,184 |
| December 31, 2023 | 990 | $2,675,804 | $1,192,577 | $1,483,227 | $20,192,542 | $14,656,098 | $5,536,444 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,845,251
- Investment income
- $955,390
- Net gain from sales of assets
- $174,618
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $157,443
- Compensation of officers, directors and key employees
- $115,028
- Other salaries and wages
- $66,502
- Salaries, compensation and benefits (total)
- $207,912
- Professional fundraising fees
- $0
- Legal fees
- $168,563
- Accounting fees
- $22,166
- Occupancy
- $32,139
- Travel
- $2,507
- Depreciation
- $1,316
- Program services (functional)
- $666,294
Balance sheet and other
- Total assets, start of year
- $20,192,541
- Total assets, end of year
- $21,700,419
- Total liabilities, end of year
- $14,460,235
- Net assets, end of year
- $7,240,184
- Publicly traded securities
- $11,534,442
- Net assets without donor restrictions
- $7,148,184
- Net assets with donor restrictions
- $92,000
- Gross receipts
- $10,649,297
- Employees
- 5
- Year formed
- 1951
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK O'BRIEN | Foundation Mana Trustee or director | 30 | $115,028 |
| IRVING ATHERTON | Treasurer Trustee or director, Officer | 10 | $0 |
| PETER KLEINHANS | Director Trustee or director | 10 | $0 |
| CHARLES LONGO | Director Trustee or director | 10 | $0 |
| MICHAEL KIMELMAN | Director Trustee or director | 10 | $0 |
| PETER VENAGLIA | 1ST VP Trustee or director, Officer | 10 | $0 |
| ANDREW HARRIS | Director Trustee or director | 10 | $0 |
| JOSEPH A FARALDO | President Trustee or director, Officer | 10 | $0 |
| RAY SCHNITTKER | Director Trustee or director | 10 | $0 |
| TOM CERASO | Director Trustee or director | 10 | $0 |
| CHRIS WITTSTRUCK | Director Trustee or director | 10 | $0 |
| PETER YOUNGER | Director Trustee or director | 10 | $0 |
| STANLEY NOGA | Director Trustee or director | 10 | $0 |
| MICHAEL FORTE | Director Trustee or director | 10 | $0 |
| SANDRA KAUFMAN | Director Trustee or director | 10 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JORDAN STRATTON | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK O'BRIEN | Foundation Mana Trustee or director | 30 | $108,519 |
| IRVING ATHERTON | Treasurer Trustee or director, Officer | 10 | $0 |
| PETER KLEINHANS | Director Trustee or director | 10 | $0 |
| CHARLES LONGO | Director Trustee or director | 10 | $0 |
| MICHAEL KIMELMAN | Director Trustee or director | 10 | $0 |
| PETER VENAGLIA | 1ST VP Trustee or director, Officer | 10 | $0 |
| ANDREW HARRIS | Director Trustee or director | 10 | $0 |
| JOSEPH A FARALDO | President Trustee or director, Officer | 10 | $0 |
| RAY SCHNITTKER | Director Trustee or director | 10 | $0 |
| TOM CERASO | Director Trustee or director | 10 | $0 |
| CHRIS WITTSTRUCK | Director Trustee or director | 10 | $0 |
| PETER YOUNGER | Director Trustee or director | 10 | $0 |
| STANLEY NOGA | Director Trustee or director | 10 | $0 |
| MICHAEL FORTE | Director Trustee or director | 10 | $0 |
| SANDRA KAUFMAN | Director Trustee or director | 10 | $0 |
| JORDAN STRATTON | Director Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 733 YONKERS AVE STE 102, YONKERS, NY 10704-2659
- Principal officer (990 for 2024)
- JOSEPH A FARALDO, 733 YONKERS AVENUE 102, YONKERS, NY 107042659
- Signed the 990
- JOSEPH A FARALDO, President
- Phone
- (914) 968-3599
- Website
- WWW.SOAOFNY.COM
- Return prepared by
- Sklar Kantor Block CPAS LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,153,951 · revenue $2,845,251
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-1867812
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1959
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,700,419
- Income (IRS master file)
- $10,649,297
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,800,641 | $1,153,951 | $21,700,419 | XML |
| 990 | December 2023 | $2,675,804 | $1,192,577 | $20,192,542 | XML |
| 990 | December 2022 | $3,071,538 | $903,766 | $16,657,829 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-1867812).
Questions about STANDARDBRED OWNERS ASSOCIATION INC
- What is the EIN of STANDARDBRED OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of STANDARDBRED OWNERS ASSOCIATION INC is 11-1867812.
- Is STANDARDBRED OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1959.
- Are donations to STANDARDBRED OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STANDARDBRED OWNERS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STANDARDBRED OWNERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STANDARDBRED OWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STANDARDBRED OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names JOSEPH A FARALDO.
- Who are the officers and directors of STANDARDBRED OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $115,028 (PATRICK O'BRIEN, Foundation Mana).
- How much revenue does STANDARDBRED OWNERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,800,641, expenses of $1,153,951 and total assets of $21,700,419 at year end.
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