Overview
What is Standardbred Owners Association Inc?
The Standardbred Owners Association Inc, a nonprofit organization, advocates for and supports horseowners and trainers engaged in harness racing. Their primary mission is to foster public understanding and appreciation for this unique equestrian sport, while nurturing its rich history. They further enhance their members' experiences by offering ancillary activities and assistance at racetracks. By doing so, the Standardbred Owners Association Inc effectively empowers and serves the interests of its community in the realm of harness racing.
Official website here: www.soaofny.com
What do the Facebook reviews say about Standardbred Owners Association Inc?
98% of 12 reviewers on Facebook recommend the Standardbred Owners Association Inc. Here is a summary of their reviews:
Many individuals express a strong appreciation for the coverage provided by the organization, highlighting the engaging races and quality of presentation. One notable review mentions the vibrant color and action that enhance the viewing experience, indicating that fans are pleased with the exciting aspects of the events this nonprofit organizes.
Overall, the responses reflect a positive sentiment towards the Standardbred Owners Association, with users feeling satisfied and entertained by the services and racing events they provide. The enthusiasm for their coverage suggests that the nonprofit successfully meets the expectations of its audience.
This AI summary has been generated from reviews found on Facebook.
Is Standardbred Owners Association Inc legitimate?
Standardbred Owners Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Standardbred Owners Association 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: $131,178
For more financial information, click here
Official website here: www.soaofny.com
What is the mission statement of Standardbred Owners Association Inc?
The Standardbred Owners Association Inc serves as a representative body for horseowners and trainers in the harness racing industry. Its primary mission is to advocate for their interests. Additionally, the association works to educate the public about harness racing and its rich history. Moreover, it provides support and ancillary activities at racetracks to cater to the needs of its members. In essence, the Standardbred Owners Association Inc is dedicated to promoting harness racing while representing and supporting its members.
Official website here: www.soaofny.com
Who is the CEO of Standardbred Owners Association Inc?
Joseph A Faraldo is the Treasurer of Standardbred Owners Association Inc.
Official website here: www.soaofny.com
What is the revenue of Standardbred Owners Association Inc?
Standardbred Owners Association Inc's revenue in 2022 was $3,071,538.
Official website here: www.soaofny.com
Who are the executives of Standardbred Owners Association Inc and what are their salaries?
The average compensation at Standardbred Owners Association Inc during 2022 was $21,863. There are 6 employees at Standardbred Owners Association Inc.
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Official website here: www.soaofny.com
Where can I find the form 990 for Standardbred Owners Association Inc?
Standardbred Owners Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soaofny.com
Learn more at the official website: www.soaofny.com
Mission Statement of Standardbred Owners Association Inc
The Standardbred Owners Association, in its mission, advocates for the interests of horseowners and trainers in the realm of harness racing. This nonprofit organization plays a significant role in promoting and educating the public about the sport, its history, and its unique charm. By doing so, it fosters a deeper appreciation for harness racing among the general public. Furthermore, the Standardbred Owners Association supports and facilitates ancillary activities at racetracks, catering to the needs and interests of its members. This multifaceted approach ensures that harness racing remains vibrant and engaging, attracting both newcomers and seasoned enthusiasts alike.
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Impact
October, 2024
The Standardbred Owners Association Inc plays a vital role in advancing the interests of horseowners and trainers within the harness racing industry. Through its efforts, the organization fosters a deeper appreciation and understanding of harness racing, emphasizing its rich history and sport. By promoting education and public awareness, it enhances the visibility of the sport and attracts new fans and participants. Additionally, the Association provides essential support and ancillary activities at racetracks, ensuring that its members have access to the resources and assistance needed for their success. This commitment not only benefits the members directly but also contributes to the overall vitality and sustainability of the harness racing community in Yonkers, NY, and beyond.
This information is meant to be a general summary of Standardbred Owners Association 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 2022.
- Investment Income: $245,292
- Program Service Revenue: $2,826,246
- Gross Receipts: $7,026,011
Assets and Liabilities:
- Total Assets: $16,657,829
- Total Liabilities: $13,456,870
- Net Assets: $3,200,959
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$35,579
OTHER INCOME
PURSE SHARE-YONKERS RACEW
Revenue
$2,790,667
Organization Details
Founding Year
1951
Phone
(914) 968-3599Principal Officer
Joseph A Faraldo
Main Address
733 YONKERS AVENUE 102, YONKERS, NY, 10704
Website
www.soaofny.comNTEE Category
Code: N60 - Recreation
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