Southern Tier Harness Horsemens Association
- Assets
- $307.3k
- Revenue
- $562.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Nichols, NY
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 34-2061791
Organization Overview
Southern Tier Harness Horsemens Association is located in Nichols, NY. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Tier Harness Horsemens 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, Southern Tier Harness Horsemens Association generated $562.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $526.0k during the year ending 12/2021. While expenses have increased by 1.5% 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 ASSOCIATE ITS MEMBERS TOGETHER FOR THEIR MUTUAL BENEFIT AS HORSEMEN AND HORSEWOMAN WORKING AND/OR COMPETING AT TIOGA DOWNS RACEWAY OR ANY OTHER HARNESS RACETRACK IN THE STATE OF NEW YORK. TO FOSTER TRADE, COMMERCE AND INTEREST OF ITS MEMBERS. TO REPRESENT ITS MEMBERS' POINT OF VIEW TO LOCAL MUNICIPAL, STATE, AND FEDERAL AGENCIES AND TO HARNESS RACETRACKS IN THE STATE OF NEW YORK. TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, DIRECTORS, OR OFFICERS, EXCEPT AS PERMITTED UNDER ARTICLE 5 OF THE NOT-FOR-PROFIT CORPORATION LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE HARNESS RACING BUSINESS THROUGH ADVERTISING AND AID HORSEMEN AND WOMEN IN DIFFICULT ECONOMIC TIMES WITH THE DRIVER SUPPLEMENT PROGRAM.
TO PROVIDE AFFORDABLE HEALTH INSURANCE TO HORSEMEN COMPETING AT TIOGA DOWNS RACEWAY.
TO PROVIDE ALTERNATE TRAINING AND CONDITIONING FOR HORSES WHEN TRACK CONDITIONS ARE UNFAVORABLE BY MANAGING AND MAINTAINING THE EQUISIZER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Howard President | Officer | 20 | $26,000 |
Brian Signor Director | Officer | 5 | $0 |
Paul Long Vice President | Officer | 10 | $0 |
Corey Braden Director | Officer | 5 | $0 |
Kim Burris Secretary | Trustee | 5 | $0 |
John Hallett Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $148,550 |
| Investment income | $100 |
| 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 | $562,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $26,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $141,069 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $709 |
| Advertising and promotion | $450 |
| Office expenses | $1,976 |
| Information technology | $890 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299 |
| Insurance | $704 |
| All other expenses | $2,361 |
| Total functional expenses | $526,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,658 |
| Savings and temporary cash investments | $42,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,008 |
| 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 | $449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $307,293 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $307,293 |
| 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 | $307,293 |
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