United States Trotting Association
- Assets
- $13.0m
- Revenue
- $9.5m
- Investments
- $51.2k
- Employees
- 52
- Location
- Westerville, OH
- Founding
- 03/1949
- Data as of
- 12/2021
- EIN
- 31-4370196
Organization Overview
United States Trotting Association is located in Westerville, OH. The organization was established in 1949. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 12/2021, United States Trotting Association employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Trotting Association 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, United States Trotting Association generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE BREED, ESTABLISH RULES, REGULATE REGISTRATION, PROMOTE, SECURE, AND ENFORCE UNIFORMITY IN RACING AND CONDITIONS OF THE STANDARDBRED HORSE, OVERSEE LICENSING OF OFFICIALS, DRIVERS AND TRAINERS INVOLVED IN RACING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGISTRATION OF HORSES, OWNERS, DRIVER COLORS AND HORSES' NAMES. LICENSING OF DRIVERS, TRAINERS AND OFFICIALS. ADMINISTRATION AND REGULATING MICROCHIP/FREEZEBRANDING AND DNA/BLOODTYPING TEST. MAINTENANCE OF RACING RECORDS
PRODUCTION AND DISSEMINATION OF MONTHLY MAGAZINE PROMOTING HARNESS RACING. SALES OF VARIOUS PUBLICATIONS PROMOTING HARNESS RACING.
MAINTAINING CURRENT INFORMATION OF ALL INDIVIDUALS AND TRACKS INVOLVED IN HARNESS RACING (16,006 MEMBERS), INCLUDES INVESTIGATION OF QUALIFICATIONS, SELLING AND ADMINISTERING RULES AND GUIDELINES TO PROMOTE DATA INTEGRITY AND PROPER PROMOTION OF THE HARNESS RACING SPORT. ALL AREAS OVERLAP TO A CERTAIN DEGREE AND INCLUDE THE FOLLOWING FUNCTIONS:1) CERTIFY THE AUTHENTICITY OF THE ELIGIBILITY OF ALL HORSES RACING THROUGH THE VARIOUS PROGRAMS PROVIDED. 2) CERTIFY THE COMPETENCE OF ALL DRIVERS, TRAINERS AND OFFICIALS EMPLOYED BY THE TRACKS THROUGH A LICENSING PROGRAM.3) TO MAINTAIN THE RECORDS OF THE PAST PERFORMANCE OF ALL HORSE AND DRIVERS AT EACH HARNESS RACE OF ALL MEMBER TRACKS.4) TO ASSIST MEMBERSHIP TRACK'S AND OWNER'S PUBLIC RELATIONS STAFF IN THE PROMOTION OF THE HARNESS RACING INDUSTRY.5) TO PERFORM SUCH OTHER SERVICES WHEN POSSIBLE AS REQUESTED BY SUCH MEMBERS TO ACCOMPLISH THE PROMOTION OF HARNESS RACING AND THE STANDARDBRED HORSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M J Tanner Exec VP & CEO | Officer | 40 | $235,204 |
Tc Lane COO | Officer | 40 | $154,168 |
S Antion-Mohr It Dir | 40 | $143,586 | |
D E Fisher CFO | Officer | 40 | $140,593 |
S Stauffer Secretary | Officer | 40 | $79,973 |
Joseph Pennacchio Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,405,173 |
| 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 | $2,405,173 |
| Total Program Service Revenue | $7,070,766 |
| Investment income | $43,404 |
| 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 | $9,527,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $361,078 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $819,704 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,885,996 |
| Pension plan accruals and contributions | $296,422 |
| Other employee benefits | $451,628 |
| Payroll taxes | $244,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,340 |
| Fees for services: Accounting | $72,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,024,626 |
| Advertising and promotion | $235,262 |
| Office expenses | $450,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,573 |
| Travel | $87,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,463 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,346 |
| Insurance | $139,156 |
| All other expenses | $152,672 |
| Total functional expenses | $7,827,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,819,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $589,327 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,531 |
| Prepaid expenses and deferred charges | $105,471 |
| Net Land, buildings, and equipment | $1,393,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,175 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,017 |
| Total assets | $13,007,257 |
| Accounts payable and accrued expenses | $809,855 |
| Grants payable | $0 |
| Deferred revenue | $4,275,640 |
| 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 | $0 |
| Total liabilities | $5,085,495 |
| Net assets without donor restrictions | $7,921,762 |
| Net assets with donor restrictions | $0 |
| 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 | $13,007,257 |
Grants Awarded
Over the last fiscal year, United States Trotting Association has awarded $260,578 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: UNIFORMITY OF THE RULES | $86,000 |
Davis, CA PURPOSE: WELFARE OF BREED | $55,589 |
Goshen, NY PURPOSE: PROMOTION OF THE SPORT | $52,910 |
Laurelville, OH PURPOSE: WELFARE OF BREED | $35,250 |
East Lansing, MI PURPOSE: UNIFORMITY OF THE RULES | $20,829 |
Anderson, IN PURPOSE: PROMOTION OF THE SPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Trotting Association Westerville, OH | $13,007,257 | $9,527,709 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
Ohio Veterinary Medical Association Powell, OH | $4,603,639 | $1,138,809 |
American College Of Veterinary Radiology West Chester, PA | $3,565,569 | $1,391,033 |
Pet Industry Distributors Association Southeastern, PA | $2,928,455 | $469,966 |
North American Equine Ranching Information Council Inc Louisville, KY | $1,506,129 | $900,964 |
American Rabbit Breeders Association Inc Clarion, PA | $555,696 | $661,715 |
North American Deer Farmers Association Inc Canton, OH | $271,378 | $460,385 |
Pennsylvania Society For Biomedical Research Mechanicsburg, PA | $413,891 | $364,835 |
Bernese Mountain Dog Club Of America Anderson, IN | $412,958 | $376,060 |
Deer Creek Cemetery Association Cheswick, PA | $2,736,425 | $373,564 |
Fluid Sealing Association Wayne, PA | $145,317 | $214,650 |