Standardbred Owners Association Inc

Standardbred Owners Association Inc shows strong revenue growth and asset accumulation, but also a significant increase in liabilities.

EIN: 111867812 · Yonkers, NY · Updated: 2026-03-28

$10.6MRevenue

$21.7MAssets

75/100Mission Score (Good)

Is Standardbred Owners Association Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Standardbred Owners Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Standardbred Owners Association Inc

Standardbred Owners Association Inc (EIN: 111867812) is a nonprofit organization based in Yonkers, NY. The organization reported total revenue of $10.6M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Standardbred Owners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Standardbred Owners Association Inc has demonstrated significant growth in revenue and assets over the past several years, with the latest reported revenue at $2,675,804 and assets at $20,192,542 for the period ending 202312. The organization consistently spends a relatively low percentage of its revenue on expenses, for example, in 202312, expenses were $1,192,577 against $2,675,804 in revenue, indicating a strong ability to retain funds. However, a notable aspect is the substantial increase in liabilities, reaching $14,656,098 in 202312, which warrants further investigation to understand the nature of these obligations and their potential impact on long-term financial stability. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or externally compensated leadership structure, which can be a positive indicator of resource allocation towards the mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Standardbred Owners Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Standardbred Owners Association Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting that officers are either unpaid volunteers or compensated through other means not reported as direct officer compensation, which is a positive for resource allocation.

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.

Red Flags

The following concerns were identified during AI analysis of Standardbred Owners Association Inc's IRS 990 filings:

Significant and unexplained increase in liabilities from $54,466 in 201812 to $14,656,098 in 202312.
NTEE code is 'Unknown', which can hinder comparative analysis and understanding of its specific mission area.

Strengths

The following positive indicators were identified for Standardbred Owners Association Inc:

Consistent revenue growth, with latest revenue at $2,675,804 in 202312.
Strong asset accumulation, reaching $20,192,542 in 202312.
Low overall expense ratio relative to revenue, indicating efficient operations or asset retention.
0% officer compensation reported across all filings, suggesting volunteer leadership or alternative compensation structures.

Frequently Asked Questions about Standardbred Owners Association Inc

Is Standardbred Owners Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Standardbred Owners Association Inc (EIN: 111867812) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

How does Standardbred Owners Association Inc spend its money?

Standardbred Owners Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Standardbred Owners Association Inc tax-deductible?

Standardbred Owners Association Inc is registered as a tax-exempt nonprofit (EIN: 111867812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What is the nature of the significant increase in liabilities, from $54,466 in 201812 to $14,656,098 in 202312?

The IRS 990 filings show a dramatic increase in liabilities, which could be due to various factors such as new debt, deferred revenue, or other financial obligations. A deeper dive into the organization's balance sheet would be necessary to understand the specific components of this growth.

How does the organization manage its program expenses given the relatively low overall expense ratio compared to revenue?

The organization consistently reports expenses significantly lower than its revenue. For example, in 202312, expenses were $1,192,577 against $2,675,804 in revenue. This suggests efficient operations or a focus on accumulating assets, but without a detailed breakdown of program spending, it's hard to assess the direct impact.

Is the organization's NTEE code 'Unknown' due to a lack of reporting or a unique organizational structure?

The 'Unknown' NTEE code could indicate that the organization has not properly classified itself or that its activities do not fit neatly into existing categories. This can sometimes make it harder to compare its performance against similar nonprofits.

Filing History

IRS 990 filing history for Standardbred Owners Association Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Standardbred Owners Association Inc's revenue has grown by 377.7%, moving from $560K to $2.7M. Total assets increased by 3239.7% over the same period, from $605K to $20.2M. Total functional expenses rose by 239%, from $352K to $1.2M. In its most recent filing year (2023), Standardbred Owners Association Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $14.7M in liabilities against $20.2M in assets (debt-to-asset ratio: 72.6%), resulting in net assets of $5.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.7M	$1.2M	$20.2M	$14.7M	—	—
2022	$3.1M	$904K	$16.7M	$13.5M	—	View 990
2021	$1.6M	$582K	$17.2M	$13.5M	—	View 990
2020	$1.3M	$551K	$10.3M	$5.9M	—	View 990
2019	$1.6M	$705K	$5.5M	$2.0M	—	View 990
2018	$1.1M	$649K	$2.5M	$54K	—	View 990
2017	$878K	$713K	$2.2M	$41K	—	View 990
2016	$965K	$633K	$1.9M	$45K	—	View 990
2015	$746K	$760K	$1.5M	$46K	—	View 990
2014	$759K	$542K	$1.6M	$22K	—	View 990
2013	$700K	$418K	$1.4M	$22K	—	View 990
2012	$665K	$347K	$1.1M	$5K	—	View 990
2011	$470K	$282K	$788K	$23K	—	View 990
2010	$560K	$352K	$605K	$30K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.7M, expenses of $1.2M, and assets of $20.2M (revenue -12.9% year-over-year).
2022: Revenue of $3.1M, expenses of $904K, and assets of $16.7M (revenue +91.2% year-over-year).
2021: Revenue of $1.6M, expenses of $582K, and assets of $17.2M (revenue +27.7% year-over-year).
2020: Revenue of $1.3M, expenses of $551K, and assets of $10.3M (revenue -20.5% year-over-year).
2019: Revenue of $1.6M, expenses of $705K, and assets of $5.5M (revenue +41.9% year-over-year).
2018: Revenue of $1.1M, expenses of $649K, and assets of $2.5M (revenue +27.1% year-over-year).
2017: Revenue of $878K, expenses of $713K, and assets of $2.2M (revenue -9.0% year-over-year).
2016: Revenue of $965K, expenses of $633K, and assets of $1.9M (revenue +29.2% year-over-year).
2015: Revenue of $746K, expenses of $760K, and assets of $1.5M (revenue -1.7% year-over-year).
2014: Revenue of $759K, expenses of $542K, and assets of $1.6M (revenue +8.4% year-over-year).
2013: Revenue of $700K, expenses of $418K, and assets of $1.4M (revenue +5.2% year-over-year).
2012: Revenue of $665K, expenses of $347K, and assets of $1.1M (revenue +41.5% year-over-year).
2011: Revenue of $470K, expenses of $282K, and assets of $788K (revenue -16.1% year-over-year).
2010: Revenue of $560K, expenses of $352K, and assets of $605K.

Data Sources and Methodology

This transparency report for Standardbred Owners Association 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.