Indiana Standardbred Association

“The organization has members.”

“All board members are elected by the general membership.”

“The bulk of isa's funding comes from slot machine revenue, the distribution of which is authorized by the indiana state legislature. The indiana horse racing commission is the state administrative agency charged with responsibility of insuring that slot machine revenue is correctly allocated and correctly spent by the receiving entities. The isa must report receipts and expenditures of slot machine revenue to the indiana racing commission on a regular basis for review and comment.”

“The isa president and treasurer review the form 990. In addition, form 990 may be reviewed by the finance committee and any other interested director.”

“Criminal records checks are run on all officers, directors, and employees who have access to funds. The isa expects all officers, directors, and employees to self-report possible conflict of interest issues. The isa encourages any person, members or otherwise, to report potential conflict of interests. Typically, allegations of conflict of interests are forwarded to counsel for the isa for investigation and recommendation to the board. The indiana horse racing commission exercises oversight jurisdiction to insure compliance with the commission's conflict of interest policies.”

“Compensation for key employees is determined by the full board of directors after receiving and considering information relating to the employee's skills, education, training, past employment experience, past salary level, and compensation paid to employees in other organizations performing similar tasks. The full board approves an employee's job description as well as the compensation.”

“Governing documents are made available to the public upon request. The individuals are provided an opportunity to review these at the organization's office in greenfield, indiana during normal business hours.”

“To promote and increase interest in harness horses and harness racing; to represent and establish cooperation between county, state, and pari-mutuel racetrack operations, breeders, owners, trainers, drivers, and grooms; to sponsor and promote standardbred racing, breeding, training, and development programs in the state of indiana; to represent horsemen/women for negotiations with racetrack operations and to take other actions in the furtherance of the standardbred racing industry in the state of indiana.”

“YEAR OF FORMATION: 1927”

“Volunteers serve in various capacities, al1 of which are to promote the mission and purpose of the organization.”

“Provide scholarships and college assistance for those students studying vocations and/or professions related to various facets of the equine and horse racing business. Also provides benevolent care for those involved in the horse racing business.”

“Office printing & postage 63,540 0 0 horsemen's representative 29,870 0 0 contract labor 17,323 0 0 sulky claim - benevolent 14,825 0 0 horsemen & membership eve 13,688 0 0 miscellaneous expense 0 12,203 0 dues and subscriptions 10,968 0 0 comcast (phone) 6,591 0 0 phone allowance 6,172 0 0 property taxes 5,513 0 0 contract employment- edit 2,142 0 0 equipment & improvements 1,127 0 0 total 171,759 12,203 0”

“Book / tax depreciation difference 1,063”