Florida Standardbred Breeders And Owners Association Inc
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Margate, FL
- Founding
- 03/1974
- Data as of
- 07/2022
- EIN
- 59-6215848
Organization Overview
Florida Standardbred Breeders And Owners Association Inc is located in Margate, FL. The organization was established in 1974. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Standardbred Breeders And Owners 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 07/2022, Florida Standardbred Breeders And Owners Association Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $987.1k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE FLORIDA STANDARDBRED BREEDING AND RACING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES THE STANDARDBRED HORSE RACING & BREEDING INDUSTRY OF FLORIDA, MAINTAINS A REGISTRY OF HORSES; REPRESENTS THE HORSE OWNER WITH RACE TRACKS; AND COLLECTS AND REMITS INSURANCE PREMIUMS.
PROMOTES AND ADMINISTERS FLORIDA RACING STAKES PROGRAMS AND HORSE REGISTRIES.
DEPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Amante Director | Officer | $0 | |
George Birkhold Treasurer | Officer | $0 | |
Peter Blood Director | Officer | $0 | |
Michelle Macdougall Director | Officer | $0 | |
Jake Huff Director | Officer | $0 | |
Richard Dunmire 2nd Vice Pre | Officer | $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 | $1,050,691 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,712 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,047,077 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,000 |
| Fees for services: Accounting | $5,111 |
| Fees for services: Lobbying | $6,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $470 |
| Office expenses | $11,490 |
| Information technology | $0 |
| 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 | $208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,074 |
| Insurance | $551,668 |
| All other expenses | $10,098 |
| Total functional expenses | $987,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,128 |
| Savings and temporary cash investments | $904,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $760 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,816 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,263,362 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $306,647 |
| 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 | $306,647 |
| Net assets without donor restrictions | -$426,205 |
| Net assets with donor restrictions | $1,382,920 |
| 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 | $1,263,362 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retired Police Canine Foundation Inc Tampa, FL | $260,727 | $2,086,870 |
Florida Standardbred Breeders And Owners Association Inc Margate, FL | $1,263,362 | $1,047,077 |
Mid-Florida Golden Retriever Club Inc Ocala, FL | $222,272 | $525,789 |
K9s United St Augustine, FL | $56,441 | $358,516 |
Dakshin Vrindavan Us Inc Johns Creek, GA | $38,863 | $246,671 |
Greater Ocala Dog Club Inc Ocala, FL | $857,059 | $321,502 |
Touch Of Grey Rescue Melbourne Beach, FL | $49,661 | $256,018 |
Valor Service Dogs Inc Wimauma, FL | $601,310 | $582,397 |
Kates Cat Rescue Inc Oakland Park, FL | $485 | $205,252 |
Wild Animal World Inc Miami, FL | $150,196 | $253,640 |
Canine Capers Dog Club Inc Loganville, GA | $86,733 | $205,422 |
Space Coast Kennel Club Of Palm Bay Inc West Melbourne, FL | $264,200 | $213,355 |