Mission
REPRESENTS HORSEOWNERS AND TRAINERS, PROMOTES AND EDUCATES THE PUBLIC ABOUT THE SPORT AND HISTORY OF HARNESS RACING, PROVIDES SUPPORT AND ANCILLIARY ACTIVITIES AT RACETRACKS. PROVIDES FOR INTERNATIONAL COMPETITION WITH SIMILAR ORGANIZATIONS.
Public Charity
STANDARDBRED OWNERS ASSOCIATION INC
Based in YONKERS, NY, STANDARDBRED OWNERS ASSOCIATION INC operates as a Public Charity. The organization reported $3.8M in revenue, $1.2M in expenses, $21.7M in total assets for fiscal year 2024.
EIN: 111867812
YONKERS, NY
Latest filing: 2024
Total Revenue$3.8M
Total Expenses$1.2M
Total Assets$21.7M
Grant Records0
Filing Years2019–2024
Where $100 goes at Standardbred Owners Association Inc
How Standardbred Owners Association Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$95
Programs
the work itself
$5
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $95 for programs
$95
Represents horseowners and trainers, promotes and educates the public about the sport and history of harness racing, provides support and ancilliary activities at racetracks
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Director
Andrew Harris
Director
Charles Longo
Director
Chris Wittstruck
Treasurer
Irving Atherton
Director
Jordan Stratton
President
Joseph A Faraldo
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $3.8M | $1.2M | $21.7M |
| 2023 | $2.7M | $1.2M | $20.2M |
| 2022 | $3.1M | $904K | $16.7M |
| 2020 | $1.3M | $551K | $10.3M |
| 2019 | $1.6M | $705K | $5.5M |
Between 2019 and 2024, reported annual revenue grew from $1.6M to $3.8M (+140%), with total assets most recently reported at $21.7M.
Interactive year-over-year charts and full filing details available with membership.