Overview
What is Meadows Standardbred Owners Association?
The Meadows Standardbred Owners Association, located in Meadow Lands, Pennsylvania, is a nonprofit organization dedicated to promoting the sport of harness racing. With a membership of 517 full and 81 associate members, its primary mission is to advocate for the best interests of its horsemen and women. This includes negotiating contracts with licensed racing associations, fostering engagement with the general public, and maintaining open communication between horsemen's associations and racing organizations. Furthermore, the association serves as a fiduciary, managing gaming funds from the Pennsylvania Racehorse Development Fund. These funds are allocated specifically for horse racing purses, pension, and health benefits for horsemen and horsewomen. The organization operates with a workforce of 4 individuals.
Is Meadows Standardbred Owners Association legitimate?
Meadows Standardbred Owners Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Meadows Standardbred Owners Association 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: $170,218
For more financial information, click here
What is the mission statement of Meadows Standardbred Owners Association?
The Meadows Standardbred Owners Association is dedicated to promoting harness racing and advocating for the best interests of its members as horsemen. The organization negotiates fair contracts with licensed racing associations to ensure the well-being of its 517 full and 81 associate members. Furthermore, the association works towards popularizing harness racing with the general public, maintaining open lines of communication between horsemen's associations and racing associations. In addition, the Meadows Standardbred Owners Association acts as a trustee, managing gaming funds from the Pennsylvania Racehorse Development Fund. These funds are earmarked for horse racing purses and pension and health benefits for horsemen and horsewomen.
Who is the CEO of Meadows Standardbred Owners Association?
Richard D Gillock is the Director of Meadows Standardbred Owners Association.
What is the revenue of Meadows Standardbred Owners Association?
Meadows Standardbred Owners Association's revenue in 2022 was $10,175,476.
Who are the executives of Meadows Standardbred Owners Association and what are their salaries?
The average compensation at Meadows Standardbred Owners Association during 2022 was $42,554. There are 4 employees and 9 volunteers at Meadows Standardbred Owners Association.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Meadows Standardbred Owners Association?
Meadows Standardbred Owners Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Meadows Standardbred Owners Association
The Meadows Standardbred Owners Association, in its mission, strives to foster the popularity of harness racing while ensuring the well-being of its members. Acting as intermediaries, they negotiate fair contracts with licensed harness racing associations. Beyond this, the association serves as a trustworthy entity, managing the distribution of gaming funds from the Pennsylvania Racehorse Development Fund. This allocation is specifically intended for horse racing purses, pension, and health benefits for horsemen and horsewomen. By doing so, the Meadows Standardbred Owners Association aims to support and uplift the harness racing community as a whole.
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Impact
October, 2024
The Meadows Standardbred Owners Association significantly impacts the harness racing community by championing the interests of its members and enhancing the overall sport. By representing 517 full and 81 associate members, the association plays a crucial role in negotiating proper contracts with licensed racing associations, ensuring that the rights and needs of horsemen are well-represented.
Through its efforts, the association promotes harness racing to the general public, raising awareness and fostering a greater appreciation for the sport. It acts as a vital communication conduit between horsemen and racing associations, facilitating dialogue that addresses concerns and encourages collaboration.
Additionally, the association serves as a fiduciary for the collection and distribution of gaming funds from the Pennsylvania Racehorse Development Fund, which are essential for supporting horse racing purses and providing pension and health benefits for horsemen and horsewomen. By effectively managing these funds, it directly contributes to the financial well-being of those involved in the sport, helping to sustain harness racing in Pennsylvania and further solidify its legacy.
This information is meant to be a general summary of Meadows Standardbred Owners Association. 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: $11,143
- Program Service Revenue: $9,874,729
- Gross Receipts: $10,175,476
Assets and Liabilities:
- Total Assets: $2,771,779
- Total Liabilities: $2,574,694
- Net Assets: $197,085
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARI-MUTUEL RECEIPTS
Revenue
$9,860,944
MEMBERSHIP DUES
Revenue
$13,785
Organization Details
Founding Year
1977
Phone
(724) 228-3644Principal Officer
Richard D Gillock
Main Address
PO BOX 253, MEADOW LANDS, PA, 15347
NTEE Category
Code: L50 - Housing
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