Cloverleaf Standardbred Owners Association
- Assets
- $547.3k
- Revenue
- $152.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Temple Hills, MD
- Founding
- 12/1967
- Data as of
- 10/2020
- EIN
- 51-0102572
Organization Overview
Cloverleaf Standardbred Owners Association is located in Temple Hills, MD. The organization was established in 1967. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 10/2020, Cloverleaf Standardbred Owners Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloverleaf Standardbred Owners 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 10/2020, Cloverleaf Standardbred Owners Association generated $152.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $210.7k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EXEMPT ORGANIZATION TO HANDLE BENEFITS FOR THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Schlotzhauer President | OfficerTrustee | 0 | $0 |
William Long 2nd Vice-President | OfficerTrustee | 0 | $0 |
Frank Milby 1st Vice-President | OfficerTrustee | 0 | $0 |
William Delodovico Jr Secretary | OfficerTrustee | 0 | $0 |
Eli Solomon Treasurer | OfficerTrustee | 0 | $0 |
Kerry Welty Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $80 |
| 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 | $152,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $93,147 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,078 |
| Office expenses | $8,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37 |
| Insurance | $3,047 |
| All other expenses | $0 |
| Total functional expenses | $210,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,370 |
| 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 | $2,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $547,278 |
| Accounts payable and accrued expenses | $5,150 |
| 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 | $5,832 |
| Total liabilities | $10,982 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $536,296 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aircraft Owners & Pilots Asso Frederick, MD | $150,744,440 | $46,209,162 |
National Association Of Theatre Owners Washington, DC | $14,676,210 | $12,650,975 |
Meadows Standardbred Owners Association Meadow Lands, PA | $2,546,597 | $10,372,771 |
Virginia Nonproit Housing Coalition Richmond, VA | $132,002,711 | $15,806,787 |
Building Owners & Managers Association International Washington, DC | $10,066,199 | $10,463,881 |
Pradera Corporation Philadelphia, PA | $3,527,505 | $9,032,798 |
Association Of Home Appliance Manufacturers Washington, DC | $12,645,555 | $8,881,319 |
Cecelia Housing Inc Bethesda, MD | $234,000 | $4,045,313 |
Kingstowne Residential Owners Corporation Alexandria, VA | $8,910,767 | $6,278,825 |
Burke Centre Conservancy Burke, VA | $14,310,013 | $6,077,723 |
The Fairness Project Washington, DC | $1,253,311 | $5,316,361 |
Aquia Harbour Property Owners Association Inc Stafford, VA | $11,909,044 | $4,683,038 |