Indiana Standardbred Association Inc
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Greenfield, IN
- Founding
- 11/1996
- Data as of
- 12/2021
- 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 12/2021, Indiana Standardbred Association Inc employed 2 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 12/2021, Indiana Standardbred Association Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Indiana Standardbred Association Inc has awarded 20 individual grants totaling $183,763. 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
2021
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.
GENERAL ACCOUNT: LOBBYING ACTIVITY AND ELITE RACE SPONSORSHIP, MEMBERSHIP MAINTENANCE.
PROMOTION AND ADVERTISING ACTIVITIES.
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Putnam Isa Presiden | OfficerTrustee | $0 | |
John Delong 1st Vice Pre | OfficerTrustee | $0 | |
Dennis Petty 2nd Vice Pre | OfficerTrustee | $0 | |
Chad Gooding Isa Board Tr | OfficerTrustee | $0 | |
Emily Dever Isa Board Se | OfficerTrustee | $0 | |
Sarah Conrad Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,100 |
| 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 | $45,100 |
| Total Program Service Revenue | $1,667,621 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,713,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,364 |
| Grants and other assistance to domestic individuals. | $31,225 |
| 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 | $96,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,308 |
| Fees for services: Accounting | $23,565 |
| Fees for services: Lobbying | $86,882 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,480 |
| Advertising and promotion | $94,154 |
| Office expenses | $23,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,053 |
| Travel | $3,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,386 |
| Insurance | $0 |
| All other expenses | $133,713 |
| Total functional expenses | $1,173,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,880,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,766 |
| 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 | $233,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,238,420 |
| Accounts payable and accrued expenses | $30,213 |
| 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 | $4,880 |
| Total liabilities | $35,093 |
| Net assets without donor restrictions | $251,525 |
| Net assets with donor restrictions | $1,951,802 |
| 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 | $2,238,420 |
Grants Awarded
Over the last fiscal year, Indiana Standardbred Association Inc has awarded $27,564 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRANT- OTHER | | | $10,945 |
HARRISON COUNTY AGRICULTURAL SOCIET | | | $10,000 |
MIAMI COUNTY AGRICULTURAL ASSOC GR | | | $6,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Mitchell Country Club Ft Mitchell, KY | $1,834,384 | $2,757,853 |
St Louis Sports Commission Inc Saint Louis, MO | $3,474,056 | $3,234,178 |
Wisconsin Restaurant Association Madison, WI | $1,714,678 | $1,996,862 |
International Association Of Fairs & Expositions Springfield, MO | $3,228,128 | $1,848,661 |
Indiana Standardbred Association Inc Greenfield, IN | $2,238,420 | $1,713,721 |
Roller Skating Rink Operators Association Of America Indianapolis, IN | $3,137,522 | $976,927 |
Electronic Representatives Association Elk Grove Village, IL | $997,290 | $904,721 |
Missouri Propane Gas Association Jefferson City, MO | $1,331,053 | $415,280 |
A B A T E Of Illinois Inc Galesburg, IL | $362,617 | $158,212 |
Caddie & Leadership Academy Of Se Wi Inc Kenosha, WI | $3,512 | $0 |
Midwest League Of Professional Baseball Clubs Beloit, WI | $11,942 | $21 |
Steelville Mtb Collective Steelville, MO | $7,752 | $0 |