Indiana Standardbred Association Inc
- Assets
- $2.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Greenfield, IN
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 23-7160140
Organization Overview
Indiana Standardbred Association Inc is located in Greenfield, IN. The organization was established in 1996. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Indiana Standardbred Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Standardbred Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Indiana Standardbred Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Indiana Standardbred Association Inc has awarded 24 individual grants totaling $213,701. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND INCREASE INTEREST IN HARNESS HORSES AND HARNESS RACING; TO REPRESENT AND ESTABLISH COOPERATION BETWEEN COUNTY, STATE, AND PARI-MUTUEL RACETRACK OPERATIONS, BREEDERS, OWNERS, TRAINERS, DRIVERS, AND GROOMS; TO SPONSOR AND PROMOTE STANDARDBRED RACING, BREEDING, TRAINING, AND DEVELOPMENT PROGRAMS IN THE STATE OF INDIANA; TO REPRESENT HORSEMEN/WOMEN FOR NEGOTIATIONS WITH RACETRACK OPERATIONS AND TO TAKE OTHER ACTIONS IN THE FURTHERANCE OF THE STANDARDBRED RACING INDUSTRY IN THE STATE OF INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL SERVICES AND INSURANCE FOR THE HORSEMEN'S BENEFIT ON TRACK GROUNDS.
PROVIDE SCHOLARSHIPS AND COLLEGE ASSISTANCE FOR THOSE STUDENTS STUDYING VOCATIONS AND/OR PROFESSIONS RELATED TO VARIOUS FACETS OF THE EQUINE AND HORSE RACING BUSINESS. ALSO PROVIDES BENEVOLENT CARE FOR THOSE INVOLVED IN THE HORSE RACING BUSINESS.
GENERAL ACCOUNT: LOBBYING ACTIVITY AND ELITE RACE SPONSORSHIP, MEMBERSHIP MAINTENANCE.
PROMOTION AND ADVERTISING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Conrad Director | Trustee | $0 | |
John Delong Isa Presiden | OfficerTrustee | $0 | |
Emily Dever Isa Board Se | OfficerTrustee | $0 | |
Ernie Gaskin Trustee/dire | Trustee | $0 | |
Chad Gooding Director | Trustee | $0 | |
Randy Hatton Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,850 |
| Total Program Service Revenue | $1,709,305 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,752,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,584 |
| Grants and other assistance to domestic individuals. | $57,087 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,495 |
| Fees for services: Accounting | $24,082 |
| Fees for services: Lobbying | $116,616 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,010 |
| Advertising and promotion | $95,322 |
| Office expenses | $24,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,081 |
| Travel | $6,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,379 |
| Insurance | $0 |
| All other expenses | $176,923 |
| Total functional expenses | $1,373,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,271,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $226,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,943 |
| Total assets | $2,631,751 |
| Accounts payable and accrued expenses | $30,879 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,373 |
| Total liabilities | $50,252 |
| Net assets without donor restrictions | $264,164 |
| Net assets with donor restrictions | $2,317,335 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,631,751 |
Grants Awarded
Over the last fiscal year, Indiana Standardbred Association Inc has awarded $29,938 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON COUNTY 4-H FAIR GRANT | | | $5,371 |
HARRISON COUNTY AGRICULTURAL SOCIET | | | $10,000 |
JAY COUNTY FAIR GRANT | | | $9,200 |
SHELBY COUNTY FAIR ASSOCIATION GRAN | | | $5,367 |