California Standardbred Sires Stakes Committee

Organization Overview

California Standardbred Sires Stakes Committee is located in Sacramento, CA. The organization was established in 1987. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Standardbred Sires Stakes Committee is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, California Standardbred Sires Stakes Committee generated $338.1k 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 (6.0%) each year. All expenses for the organization totaled $234.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. 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

1. TO HOLD AND MANAGE FUNDS OF THE CA STANDARDBRED SITES STAKES PROGRAM. 2. TO ENCOURAGE AGREICULTURE AND THE BREEDING OF HORSES IN CA. 3. TO COOPERATE WITH & AID SUPPPORT PERSONS WHO FOSTER THE PURPOSES OF THE PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADMINISTRATION & SUPPORT OF THE CA SIRES STAKES PROGRAM BY HOLDING AND MANAGING THE FUNDS OF THE PROGRAM AND ENCOURAGING AGRICULTURE AND THE BREEDING OF STANDARDBRED HORSES IN CA.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Thomas
Chairman
$0
Robin Clements
Secretary
$0
Wayne Knittle
President
$0
Bob Johnson
Member
$0
Billie Schwartz
Member
$0
Vickie Desomer
Treasurer
$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$338,039
Investment income $74
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $338,113

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