Standardbred Breeders And Owners Association Of New Jersey Inc
Standardbred Breeders And Owners Association of New Jersey: Stable Finances, High Program Spending
EIN: 221837295 · Manalapan, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.0M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Standardbred Breeders And Owners Association Of New Jersey Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Standardbred Breeders And Owners Association Of New Jersey Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Standardbred Breeders And Owners Association Of New Jersey Inc
Standardbred Breeders And Owners Association Of New Jersey Inc (EIN: 221837295) is a nonprofit organization based in Manalapan, NJ. The organization reported total revenue of $4.4M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Standardbred Breeders And Owners Association Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Standardbred Breeders And Owners Association Of New Jersey Inc is a mid-size nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$513K |
| Total Assets | $5.6M |
| Total Liabilities | $1.3M |
| Net Assets | $4.4M |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 22.5% |
| Months of Reserves | 17.1 months |
Financial Health Grade: A
In 2023, Standardbred Breeders And Owners Association Of New Jersey Inc reported a surplus of $513K with revenue exceeding expenses, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 22.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Standardbred Breeders And Owners Association Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +3.5% | +10.4% |
| 2022 | +10.6% | +16.6% | +17.4% |
| 2021 | +4.4% | +7.6% | +10.2% |
| 2020 | +2.8% | -15.4% | +15.7% |
| 2019 | +74.1% | +49.6% | +59.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Standardbred Breeders And Owners Association Of New Jersey Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Standardbred Breeders And Owners Association Of New Jersey Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $513K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.5%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's revenue and asset size, with no individual compensation exceeding $200,000 in recent filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Standardbred Breeders And Owners Association Of New Jersey Inc:
- Consistently high program spending, averaging 88% of total expenses over the last five years.
- Healthy and growing asset base, increasing from $3.4 million in 2019 to $5.6 million in 2023.
- Strong revenue growth, with revenue increasing from $3.6 million in 2019 to $4.4 million in 2023.
Frequently Asked Questions about Standardbred Breeders And Owners Association Of New Jersey Inc
Is Standardbred Breeders And Owners Association Of New Jersey Inc a legitimate charity?
Standardbred Breeders And Owners Association Of New Jersey Inc (EIN: 221837295) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Standardbred Breeders And Owners Association Of New Jersey Inc spend its money?
Standardbred Breeders And Owners Association Of New Jersey Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Standardbred Breeders And Owners Association Of New Jersey Inc tax-deductible?
Standardbred Breeders And Owners Association Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 221837295). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Standardbred Breeders And Owners Association Of New Jersey Inc CEO make?
Standardbred Breeders And Owners Association Of New Jersey Inc's highest-compensated officer earns $200,000 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Standardbred Breeders And Owners Association Of New Jersey Inc's spending goes to programs?
Standardbred Breeders And Owners Association Of New Jersey Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Standardbred Breeders And Owners Association Of New Jersey Inc located?
Standardbred Breeders And Owners Association Of New Jersey Inc is headquartered in Manalapan, New Jersey and files with the IRS under EIN 221837295.
How many years of IRS 990 filings does Standardbred Breeders And Owners Association Of New Jersey Inc have?
Standardbred Breeders And Owners Association Of New Jersey Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.4M in total revenue.
What does Standardbred Breeders And Owners Association Of New Jersey Inc do?
Standardbred Breeders And Owners Association Of New Jersey Inc is a nonprofit organization in the Unknown sector, located in Manalapan, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Standardbred Breeders And Owners Association Of New Jersey Inc have?
Standardbred Breeders And Owners Association Of New Jersey Inc reported total revenue of $4,449,415. Based on 13 IRS 990 filings on record.
What are Standardbred Breeders And Owners Association Of New Jersey Inc's total assets?
Standardbred Breeders And Owners Association Of New Jersey Inc holds total assets of $5,850,821 as reported in IRS 990 filings.
Where is Standardbred Breeders And Owners Association Of New Jersey Inc located?
Standardbred Breeders And Owners Association Of New Jersey Inc is based in Manalapan, New Jersey.
What is Standardbred Breeders And Owners Association Of New Jersey Inc's EIN?
Standardbred Breeders And Owners Association Of New Jersey Inc's Employer Identification Number (EIN) is 221837295. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Standardbred Breeders And Owners Association Of New Jersey Inc?
Standardbred Breeders And Owners Association Of New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Standardbred Breeders And Owners Association Of New Jersey Inc a registered 501(c)(3)?
Standardbred Breeders And Owners Association Of New Jersey Inc appears in IRS records (EIN: 221837295). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Standardbred Breeders And Owners Association Of New Jersey Inc file IRS Form 990?
Yes, Standardbred Breeders And Owners Association Of New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Standardbred Breeders And Owners Association Of New Jersey Inc's revenue in 2023?
In the 202312 filing period, Standardbred Breeders And Owners Association Of New Jersey Inc reported total revenue of $4,468,934, total expenses of $3,955,878, and net assets of $5,634,682.
Is Standardbred Breeders And Owners Association Of New Jersey Inc's revenue growing or declining?
Standardbred Breeders And Owners Association Of New Jersey Inc's revenue is relatively stable. Revenue went from $4,291,732 (202212) to $4,468,934 (202312), a +4.1% change. Based on 13 filings on record.
What is Standardbred Breeders And Owners Association Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Standardbred Breeders And Owners Association Of New Jersey Inc covers tax period 202312. It shows revenue of $4,468,934, expenses of $3,955,878, total assets of $5,634,682, and liabilities of $1,266,844.
How much does Standardbred Breeders And Owners Association Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Standardbred Breeders And Owners Association Of New Jersey Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Standardbred Breeders And Owners Association Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Standardbred Breeders And Owners Association Of New Jersey Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Standardbred Breeders And Owners Association Of New Jersey Inc's strengths?
Positive indicators for Standardbred Breeders And Owners Association Of New Jersey Inc include: Consistently high program spending, averaging 88% of total expenses over the last five years.. Healthy and growing asset base, increasing from $3.4 million in 2019 to $5.6 million in 2023.. Strong revenue growth, with revenue increasing from $3.6 million in 2019 to $4.4 million in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Standardbred Breeders And Owners Association Of New Jersey Inc compensate executives?
Executive compensation appears reasonable given the organization's revenue and asset size, with no individual compensation exceeding $200,000 in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly increase its assets while maintaining high program spending?
The organization has consistently generated surpluses, with revenues exceeding expenses in most recent years. For example, in 2023, revenue was $4,468,934 against expenses of $3,955,878, contributing to asset growth.
What specific programs or initiatives are driving the majority of the program service expenses?
Based on Form 990 filings, the primary program service expenses are related to promoting and improving the breeding and racing of Standardbred horses in New Jersey, including purse supplements, awards, and educational initiatives for members.
Filing History
IRS 990 filing history for Standardbred Breeders And Owners Association Of New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Standardbred Breeders And Owners Association Of New Jersey Inc's revenue has grown by 116.4%, moving from $2.1M to $4.5M. Total assets increased by 190% over the same period, from $1.9M to $5.6M. Total functional expenses rose by 97.4%, from $2.0M to $4.0M. In its most recent filing year (2023), Standardbred Breeders And Owners Association Of New Jersey Inc reported a surplus of $513K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $5.6M in assets (debt-to-asset ratio: 22.5%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.0M | $5.6M | $1.3M | — | View 990 |
| 2022 | $4.3M | $3.8M | $5.1M | $1.3M | — | View 990 |
| 2021 | $3.9M | $3.3M | $4.3M | $958K | — | View 990 |
| 2020 | $3.7M | $3.0M | $3.9M | $1.1M | — | — |
| 2019 | $3.6M | $3.6M | $3.4M | $1.3M | — | View 990 |
| 2018 | $2.1M | $2.4M | $2.1M | $26K | — | View 990 |
| 2017 | $2.1M | $2.1M | $2.5M | $24K | — | View 990 |
| 2016 | $2.3M | $2.2M | $2.4M | $23K | — | View 990 |
| 2015 | $2.2M | $2.2M | $2.4M | $19K | — | View 990 |
| 2014 | $2.5M | $2.4M | $2.3M | $34K | — | View 990 |
| 2013 | $2.6M | $2.4M | $2.2M | $46K | — | View 990 |
| 2012 | $2.6M | $2.4M | $2.1M | $35K | — | View 990 |
| 2011 | $2.1M | $2.0M | $1.9M | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.0M, and assets of $5.6M (revenue +4.1% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.8M, and assets of $5.1M (revenue +10.6% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.3M, and assets of $4.3M (revenue +4.4% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.0M, and assets of $3.9M (revenue +2.8% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.6M, and assets of $3.4M (revenue +74.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.4M, and assets of $2.1M (revenue -3.2% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $2.5M (revenue -4.7% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $2.4M (revenue +0.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $2.4M (revenue -8.7% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $2.3M (revenue -4.5% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.4M, and assets of $2.2M (revenue +0.8% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.4M, and assets of $2.1M (revenue +23.8% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.0M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Standardbred Breeders And Owners Association Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Standardbred Breeders And Owners Association Of New Jersey Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.