Overview
What is Standardbred Owners Of Massachusetts Inc?
Standardbred Owners of Massachusetts Inc is a nonprofit organization situated in Plymouth, Massachusetts (indicated by the postal box address), dedicated to boosting the standardbred horse breeding and racing industry within the state. Their mission is to enhance the standardbred race horse and encourage active participation in related programs, ultimately benefiting their members. They aim to promote this business in Massachusetts, working towards improving the standardbred race horse industry.
Official website here: www.sominc.net
Is Standardbred Owners Of Massachusetts Inc legitimate?
Standardbred Owners Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Standardbred Owners Of Massachusetts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sominc.net
What is the mission statement of Standardbred Owners Of Massachusetts Inc?
The Standardbred Owners of Massachusetts Inc. has a mission to promote the business of Standardbred horse breeding and racing within their community. This is done to enhance the Standardbred race horse and encourage active participation in related programs. The organization's efforts aim to benefit its members, contributing to the overall growth and success of Standardbred horse breeding and racing in Massachusetts.
Official website here: www.sominc.net
What is the revenue of Standardbred Owners Of Massachusetts Inc?
Standardbred Owners Of Massachusetts Inc's revenue in 2023 was $2,974,453.
Official website here: www.sominc.net
Who are the executives of Standardbred Owners Of Massachusetts Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.sominc.net
Where can I find the form 990 for Standardbred Owners Of Massachusetts Inc?
Standardbred Owners Of Massachusetts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sominc.net
Learn more at the official website: www.sominc.net
Mission Statement of Standardbred Owners Of Massachusetts Inc
Standardbred Owners of Massachusetts Inc, a nonprofit organization, is dedicated to promoting the business of Standardbred horse breeding and racing within the Commonwealth of Massachusetts. Their mission is to enhance the Standardbred racehorse and encourage active participation in programs that benefit their members. By fostering such initiatives, this organization aims to contribute positively to the Standardbred horse breeding and racing industry in Massachusetts.
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Impact
October, 2024
Standardbred Owners of Massachusetts Inc significantly impacts the local equine industry by actively promoting the business of Standardbred horse breeding and racing. This organization focuses on improving the quality of Standardbred racehorses in the Commonwealth, which enhances the competitiveness and reputation of the state’s racing events.
Through its initiatives, the organization fosters community engagement and supports programs that benefit its members, contributing to the local economy by driving interest and participation in horse racing. This engagement not only supports breeders and owners but also creates opportunities for jobs and tourism related to horse racing events in Massachusetts. The organization's efforts play a vital role in sustaining and improving the Standardbred racing culture within the community, thereby ensuring its continued growth and success.
This information is meant to be a general summary of Standardbred Owners Of Massachusetts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $42,434
- Program Service Revenue: $2,932,019
- Gross Receipts: $2,974,453
Assets and Liabilities:
- Total Assets: $1,002,539
- Total Liabilities: $0
- Net Assets: $1,002,539
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATUTORY PAYMENTS
Revenue
$2,650,621
CONTINUATION PAYMENTS
Revenue
$19,855
SUSTAINING PAYMENTS
Revenue
$39,200
REIMBURSEMENT
Revenue
$105
Organization Details
Founding Year
1992
Principal Officer
Nancy Longobardi
Website
www.sominc.netNTEE Category
Code: S41 - Community improvement
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