Overview
What is Delaware Standardbred Owners Assoc?
Delaware Standardbred Owners Assoc is a nonprofit organization situated in Dover, Delaware. With a workforce of five individuals, their primary focus is to support and safeguard the welfare of horsemen in the state. They engage in negotiations with local racetracks to establish favorable purse structures, insurance plans, and welfare programs for the horsemen. Additionally, they keep the horsemen informed on matters related to harness racing and serve as a council, advocating for their interests.
Is Delaware Standardbred Owners Assoc legitimate?
Delaware Standardbred Owners Assoc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Delaware Standardbred Owners Assoc 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: $411,794
For more financial information, click here
What is the mission statement of Delaware Standardbred Owners Assoc?
The Delaware Standardbred Owners Association works towards promoting and safeguarding the welfare of horsemen in Delaware. They accomplish this by negotiating purse structures, insurance, and welfare programs, as well as establishing councils. Furthermore, they keep horsemen informed on matters related to harness racing. Additionally, the association provides various welfare programs for Delaware's horsemen and negotiates with local racetracks for the benefit of the horsemen.
What is the revenue of Delaware Standardbred Owners Assoc?
Delaware Standardbred Owners Assoc's revenue in 2024 was $4,823,811.
Who are the executives of Delaware Standardbred Owners Assoc and what are their salaries?
The average compensation at Delaware Standardbred Owners Assoc during 2024 was $68,632. There are 6 employees at Delaware Standardbred Owners Assoc.
Here are 13 key members and their salaries:
- Compensation: $140,000
- Related: $0
- Other: $4,200
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Delaware Standardbred Owners Assoc?
Delaware Standardbred Owners Assoc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Delaware Standardbred Owners Assoc
The Delaware Standardbred Owners Association, in its mission, works diligently to promote and safeguard the well-being of horsemen in Delaware. This nonprofit organization takes an active role in negotiating purse structures, insurance plans, and welfare programs for the benefit of these individuals. Furthermore, the Delaware Standardbred Owners Association serves as a communicator, keeping horsemen informed about matters related to harness racing. By doing so, it ensures that the interests and needs of horsemen are represented and addressed effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Delaware Standardbred Owners Association significantly impacts the harness racing industry by promoting and safeguarding the welfare of horsemen in the state. By negotiating purse structures and establishing insurance and welfare programs, the organization ensures that those involved in the sport receive fair compensation and support. It also plays a crucial role in educating horsemen on important matters related to harness racing, empowering them to make informed decisions and advocate for their interests. Through these efforts, the Association not only enhances the livelihoods of the horsemen but also contributes to the overall sustainability and integrity of harness racing in Delaware.
This information is meant to be a general summary of Delaware Standardbred Owners Assoc. 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 2024.
- Investment Income: $561,444
- Program Service Revenue: $3,634,899
- Gross Receipts: $7,960,782
Assets and Liabilities:
- Total Assets: $7,923,561
- Total Liabilities: $69,504
- Net Assets: $7,854,057
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE CONTRIBUTIONS
Revenue
$2,851,429
MANAGEMENT FEES
Revenue
$540,000
PENSION CONTRIBUTIONS
Revenue
$222,000
MEMBERSHIP DUES
Revenue
$21,470
Organization Details
Founding Year
1998
Principal Officer
Andy Markano
NTEE Category
Code: S41 - Community improvement
If you are a representative of Delaware Standardbred Owners Assoc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.