Overview
What is Florida Standardbred Breeders And Owners Association Inc?
Florida Standardbred Breeders and Owners Association Inc, situated in Margate, Florida, is a nonprofit organization dedicated to fostering the Standardbred horse racing and breeding industry within the state. They maintain a registry of horses, act as representatives for horse owners in relation to race tracks, and collect and forward insurance premiums. Their primary mission is to promote and champion Standardbred breeding and racing in Florida. With a small team of one individual, they contribute to the growth and success of this sector in their region.
Official website here: www.floridaharnessracing.com
Is Florida Standardbred Breeders And Owners Association Inc legitimate?
Florida Standardbred Breeders And Owners Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Florida Standardbred Breeders And 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: $39,520
For more financial information, click here
Official website here: www.floridaharnessracing.com
What is the mission statement of Florida Standardbred Breeders And Owners Association Inc?
The Florida Standardbred Breeders and Owners Association Inc. is committed to fostering the Standardbred horse racing and breeding industry within Florida. They maintain a registry of horses, act as a representative for horse owners with race tracks, and collect and forward insurance premiums. In essence, their mission is to support and enhance the Standardbred horse racing and breeding sector in Florida.
Official website here: www.floridaharnessracing.com
What is the revenue of Florida Standardbred Breeders And Owners Association Inc?
Florida Standardbred Breeders And Owners Association Inc's revenue in 2024 was $233,850.
Official website here: www.floridaharnessracing.com
Who are the executives of Florida Standardbred Breeders And Owners Association Inc and what are their salaries?
The average compensation at Florida Standardbred Breeders And Owners Association Inc during 2024 was $39,520. There is 1 employee at Florida Standardbred Breeders And Owners Association Inc.
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Official website here: www.floridaharnessracing.com
Where can I find the form 990 for Florida Standardbred Breeders And Owners Association Inc?
Florida Standardbred Breeders And Owners Association Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.floridaharnessracing.com
Learn more at the official website: www.floridaharnessracing.com
Mission Statement of Florida Standardbred Breeders And Owners Association Inc
Florida Standardbred Breeders and Owners Association Inc is dedicated to promoting the standardbred horse breeding and racing industry in Florida. This nonprofit organization plays a significant role in supporting the horse owners by representing them with race tracks and maintaining a registry of horses. In addition, Florida Standardbred Breeders and Owners Association Inc collects and remits insurance premiums on behalf of the horse owners, thereby providing a comprehensive service to the standardbred horse racing industry in the state. The association's mission is to foster the growth and development of the standardbred horse breeding and racing industry in Florida, ensuring its continued success and prosperity.
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Impact
October, 2024
Florida Standardbred Breeders and Owners Association Inc significantly contributes to the growth and sustainability of the Standardbred breeding and racing industry in Florida. By promoting the interests of horse owners and breeders, the organization enhances the visibility and viability of Standardbred racing in the state.
The association maintains a comprehensive registry of horses, ensuring transparency and credibility within the industry. This registry is vital for tracking lineage, performance, and breeding practices, which are essential for maintaining high standards in racing and breeding.
Additionally, the organization serves as a vital representative for horse owners in negotiations with race tracks, advocating for fair practices and improved conditions that benefit both the horses and their owners. Collecting and remitting insurance premiums also supports the welfare of the horses and their owners, promoting a safer and more sustainable environment for racing.
Overall, their efforts contribute to a vibrant horse racing community that not only supports the economy but also fosters a culture of excellence and tradition in Florida's equine industry.
This information is meant to be a general summary of Florida Standardbred Breeders And 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 2024.
- Investment Income: $52
- Program Service Revenue: $233,798
- Gross Receipts: $233,850
Assets and Liabilities:
- Total Assets: $794,863
- Total Liabilities: $869
- Net Assets: $793,994
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE TRAC (BREAKS/COMMISSION)
Revenue
$182,180
ENTRY & NOMINATION FEES
Revenue
$39,375
ESCHEATS/ UNCASHED TICKETS
Revenue
$9,832
INSURANCE PREMIUMS - HEALTH
Revenue
$2,231
MEMBERSHIP DUES
Revenue
$180
Organization Details
Founding Year
1966
Principal Officer
Dein Spriggs
Website
www.floridaharnessracing.comNTEE Category
Code: K20 - Food
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