Florida Standardbred Breeders And Owners Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 596215848 ✦ Margate, FL ✦ Designated as a 501(c)(6)

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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: $41,800

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

Who is the CEO of Florida Standardbred Breeders And Owners Association Inc?

Dein Spriggs is the Director of Florida Standardbred Breeders And Owners Association Inc.


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 2023 was $588,623.


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 2023 was $41,800. There is 1 employee at Florida Standardbred Breeders And Owners Association Inc.


Here are 14 key members and their salaries:


Anthony Amante (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Amante (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Birkhold (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Blood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Clarke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Dunmire (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jake Huff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mcdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mickey Mcnichol (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Oldford (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Pennacchio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Poulin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Sears (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dein Spriggs (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


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 2023 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.

Revenue
$588,623 (2023)
Expenses
$751,344 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $92
  • Program Service Revenue: $588,531
  • Gross Receipts: $588,623

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

$433,521

INSURANCE PREMIUMS - HEALTH

Revenue

$74,900

ENTRY & REGISTRATION FEES

Revenue

$46,347

BOARD OF RELIEF

Revenue

$33,399

MEMBERSHIP DUES

Revenue

$364

Organization Details

Founding Year

1966

Principal Officer

Dein Spriggs

Main Address

6750 NW 11 COURT, MARGATE, FL, 33063

NTEE Category

Code: K20 - Food

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