Civic Intelligence

Standardbred Owners Association Welfare Fund

990 • Fiscal year 2013 • EIN 11-1875256

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 07, 2014

Organization Profilewww.soaofny.com

View Organization Page

733 Yonkers Avenue -suite 102Yonkers, NY 10704

(914) 968-3599

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.02x

Higher debt load relative to assets than 48% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

57th percentile

0.07x

Higher debt load relative to revenue than 57% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Net Margin

91st percentile

64%

Higher net margin than 91% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

68th percentile

$30,288

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2013

Asset Growth

91st percentile

36%

Faster asset growth than 91% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

96th percentile

122%

Faster revenue growth than 96% of similar nonprofits.

2013 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$5,989,490

Up $1,581,427 (+36%) from 2012

Net Assets

Up

$5,844,804

Up $1,538,746 (+36%) from 2012

Liabilities

Up

$144,686

Up $42,681 (+42%) from 2012

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin91st percentile

Revenue

Up

$2,217,239

Up $1,220,005 (+122%) from 2012

Expenses

Up

$791,168

Up $131,114 (+20%) from 2012

Net Income

Up

$1,426,071

Up $1,088,891 (+323%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2009: $2,181,607Liabilities 2009: $96,231Net Assets 2009: $2,085,3762009Assets 2010: $3,133,374Liabilities 2010: $81,021Net Assets 2010: $3,052,3532010Assets 2011: $3,947,525Liabilities 2011: $130,189Net Assets 2011: $3,817,3362011Assets 2012: $4,408,063Liabilities 2012: $102,005Net Assets 2012: $4,306,0582012Assets 2013: $5,989,490Liabilities 2013: $144,686Net Assets 2013: $5,844,8042013Assets 2014: $5,895,261Liabilities 2014: $27,879Net Assets 2014: $5,867,3822014Assets 2015: $5,771,770Liabilities 2015: $31,295Net Assets 2015: $5,740,4752015Assets 2016: $6,914,517Liabilities 2016: $280,331Net Assets 2016: $6,634,1862016Assets 2017: $9,341,845Liabilities 2017: $60,228Net Assets 2017: $9,281,6172017Assets 2018: $10,024,033Liabilities 2018: $132,058Net Assets 2018: $9,891,9752018Assets 2019: $9,955,036Liabilities 2019: $115,550Net Assets 2019: $9,839,4862019Assets 2020: $8,240,161Liabilities 2020: $169,504Net Assets 2020: $8,070,6572020Assets 2021: $8,431,196Liabilities 2021: $471,914Net Assets 2021: $7,959,2822021Assets 2022: $7,100,695Liabilities 2022: $480,935Net Assets 2022: $6,619,7602022Assets 2023: $8,195,167Liabilities 2023: $657,174Net Assets 2023: $7,537,9932023Assets 2024: $8,783,317Liabilities 2024: $903,948Net Assets 2024: $7,879,3692024

Highlighted filing

2013

Assets$5,989,490
Liabilities$144,686
Net Assets$5,844,804
Open 2013 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2009: $157,676Expenses 2009: $606,191Net Income 2009: -$448,5152009Revenue 2010: $1,355,124Expenses 2010: $507,399Net Income 2010: $847,7252010Expenses 2011: $632,3242011Revenue 2012: $997,234Expenses 2012: $660,054Net Income 2012: $337,1802012Revenue 2013: $2,217,239Expenses 2013: $791,168Net Income 2013: $1,426,0712013Revenue 2014: $1,434,562Expenses 2014: $1,363,342Net Income 2014: $71,2202014Revenue 2015: $1,814,036Expenses 2015: $1,729,665Net Income 2015: $84,3712015Revenue 2016: $3,081,235Expenses 2016: $2,225,065Net Income 2016: $856,1702016Revenue 2017: $4,707,556Expenses 2017: $2,475,611Net Income 2017: $2,231,9452017Revenue 2018: $3,322,400Expenses 2018: $2,088,503Net Income 2018: $1,233,8972018Revenue 2019: $1,666,944Expenses 2019: $2,267,179Net Income 2019: -$600,2352019Revenue 2020: $333,435Expenses 2020: $2,468,512Net Income 2020: -$2,135,0772020Revenue 2021: $2,022,627Expenses 2021: $1,961,597Net Income 2021: $61,0302021Revenue 2022: $301,811Expenses 2022: $2,038,758Net Income 2022: -$1,736,9472022Revenue 2023: $282,605Expenses 2023: $2,050,200Net Income 2023: -$1,767,5952023Revenue 2024: $435,953Expenses 2024: $2,131,711Net Income 2024: -$1,695,7582024

Highlighted filing

2013

Revenue$2,217,239
Expenses$791,168
Net Income$1,426,071
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 7, 2014
Return Version
2013v3.1
Gross Receipts
$9,836,250
Mission and Program Overview

Mission

WELFARE BENEFITS

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,237,619$5,321,597▲ $1,083,978
Savings and Temporary Cash Investments$88,317$462,597▲ $374,280
Prepaid Expenses and Deferred Charges-$101,571-
Cash and Non-Interest-Bearing Accounts$57,711$67,621▲ $9,910
Accounts Receivable$19,009$31,347▲ $12,338
Land, Buildings, and Equipment, Net$2,272$1,622▼ $650
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,408,063$5,989,490▲ $1,581,427
Other Assets Total$3,135$3,135→ $0
Liabilities
Accounts Payable and Accrued Expenses$102,005$144,686▲ $42,681
Total Liabilities$102,005$144,686▲ $42,681
Net Assets / Fund Balance
Unrestricted Net Assets$4,306,058$5,844,804▲ $1,538,746
Total Net Assets Fund Balance$4,306,058$5,844,804▲ $1,538,746
Total Liabilities and Net Assets / Fund Balance$4,408,063$5,989,490▲ $1,581,427

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$18,212$18,212
Equipment$1,622$1,624$3,246
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alex DadoyanFoundation ManaPT$30,288$30,288

Board Members and Trustees

NameTitle
Henrey GargiuloTrustee
Irving AthertonTrustee
John BrennanTrustee
Joseph a FaraldoTrustee
Peter VenagliaTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,893,036
Investment Income
$324,203
Other Revenue
$0
Change in Net Assets
$1,426,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,720
Salaries, Compensation, and Employee Benefits$60,892
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$493,556--$493,556
Fees for Service Investment Mgmnt Fees$37,520--$37,520
Current Officers, Directors, Trustees, and Key Employees-$30,288-$30,288
Other Salaries and Wages-$24,084-$24,084
Occupancy-$18,540-$18,540
Office Expenses-$11,412-$11,412
All Other Expenses$8,955$2,134-$11,089
Fees for Services Accounting-$10,750-$10,750
Other Expenses$9,662$91,776-$9,662
Fees for Services Legal$8,797--$8,797
Payroll Taxes-$6,520-$6,520
Information Technology-$1,433-$1,433
Insurance-$680-$680
Depreciation Depletion---$650
Total Functional Expenses$592,901$197,617$0$791,168
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board reviews 990 prior to filing”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Governing members review annually”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Trustees review and aprove compensation”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing docs, policies and financial statements are open to inspection to members upon request”

Filing and Contact Details

Filer

EIN
11-1875256
Phone
9149683599

Signing Officer

Name
Alex Dadoyan
Title
Foundation Mana
Signed
2014-11-07
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Preparer
Craig Gordon CPA
Phone
5168264300
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Transfer to emergency welfare fund = -$2000”

Financial Statement Notes

Part X : FIN48 Footnote

“FIN 48 DISCLOSUREThe Associaton has evaluated its tax positions for all open tax years (2011-2013). The Association is not currently under audit nor has the Association been contacted by any jurisdiction. Based on the evaluation of the Association's tax position, management believes all tax positions taken would be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended December 31, 2013”

Raw XML AppendixShowing 400 of 425 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYRevenuesLessExpensesAmt0337180
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IRS990/PYTotalExpensesAmt0660054
IRS990/PYTotalRevenueAmt0997234
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01622
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03246
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018212
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018212
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 DISCLOSUREThe Associaton has evaluated its tax positions for all open tax years (2011-2013). The Association is not currently under audit nor has the Association been contacted by any jurisdiction. Based on the evaluation of the Association's tax position, management believes all tax positions taken would be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended December 31, 2013
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01622
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING MEMBERS REVIEW ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES REVIEW AND APROVE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS ARE OPEN TO INSPECTION TO MEMBERS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER TO EMERGENCY WELFARE FUND = -$2000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10STANDARDBRED OWNERS ASSOC RETIREMENT FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11STANDARDBRED OWNERS ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12STANDARDBRED OWNERS ASSC EMRGY WELF FND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0112368010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1111867812
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2116038293
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (a)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 (c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 (c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RETIREMENT BENEFITS TO MEMBERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TRADE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDE SOCIAL BENEFITS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10733 YONKERS AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11733 YONKERS AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine12733 YONKERS AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0YONKERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1YONKERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City2YONKERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode010704
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode110704
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode210704
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt05989490
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IRS990/TotalAssetsGrp/EOYAmt05989490
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0197617
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0592901
IRS990/TotalFunctionalExpensesGrp/TotalAmt0791168
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0102005
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05844804
IRS990/TotalProgramServiceExpensesAmt0592901
IRS990/TotalProgramServiceRevenueAmt01893036
IRS990/TotalReportableCompFromOrgAmt030288
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02217239
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02217239
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04408063
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05989490
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,989,490
Liabilities
$144,686
Net assets
$5,844,804
Revenue
$2,217,239
Expenses
$791,168
Net income
$1,426,071
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.78$0.90$7.88$0.44$2.13$1.70
2023Detailed filing. Detailed filing data is available for this year.$8.20$0.66$7.54$0.28$2.05$1.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.10$0.48$6.62$0.30$2.04$1.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$0.47$7.96$2.02$1.96$0.06
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.24$0.17$8.07$0.33$2.47$2.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.96$0.12$9.84$1.67$2.27$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$0.13$9.89$3.32$2.09$1.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.34$0.06$9.28$4.71$2.48$2.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.91$0.28$6.63$3.08$2.23$0.86
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.77$0.03$5.74$1.81$1.73$0.08
2014Detailed filing. Detailed filing data is available for this year.$5.90$0.03$5.87$1.43$1.36$0.07
2013Detailed filing. Detailed filing data is available for this year.$5.99$0.14$5.84$2.22$0.79$1.43
2012Summary only. Only limited summary data is available for this year.$4.41$0.10$4.31$1.00$0.66$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$0.13$3.82$0.63
2010Summary only. Only limited summary data is available for this year.$3.13$0.08$3.05$1.36$0.51$0.85
2009Summary only. Only limited summary data is available for this year.$2.18$0.10$2.09$0.16$0.61$0.45
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)9 • $5M-$10M nonprofits