Standardbred Breeders And Owners Association Of New Jersey Inc

Organization Overview

Standardbred Breeders And Owners Association Of New Jersey Inc is located in Manalapan, NJ. The organization was established in 1969. 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. As of 12/2021, Standardbred Breeders And Owners Association Of New Jersey Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Standardbred Breeders And Owners Association Of New Jersey 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 12/2021, Standardbred Breeders And Owners Association Of New Jersey Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION IS TO SUPPORT AND PROMOTE THE STANDARDBRED HORSE INDUSTRY IN NEW JERSEY BY PROVIDING BENEFITS TO DRIVERS AND TRAINERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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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$3,813,582
Investment income $15,680
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $51,841
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,881,103

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