Civic Intelligence

Meadows Standardbred Owners Association

990 • Fiscal year 2016 • EIN 25-1382917

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

Organization ProfileN/A

View Organization Page

PO Box 253Meadow Lands, PA 15347

(724) 228-3644

Siviq Scores

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

Liabilities / Assets

78th percentile

0.50x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

33rd percentile

0.18x

Higher debt load relative to revenue than 33% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

68th percentile

8.3%

Higher net margin than 68% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

1st percentile

-37%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-6.1%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$3,472,784

Down $2,010,781 (-37%) from 2015

Net Assets

Up

$1,738,100

Up $816,359 (+89%) from 2015

Liabilities

Down

$1,734,684

Down $2,827,140 (-62%) from 2015

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin68th percentile

Revenue

Down

$9,873,595

Down $644,845 (-6.1%) from 2015

Expenses

Down

$9,057,236

Down $1,768,030 (-16%) from 2015

Net Income

Up

$816,359

Up $1,123,185 (+366%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$15M$10M$5.0M$0Assets 2010: $5,636,069Liabilities 2010: $3,244,585Net Assets 2010: $2,391,4842010Assets 2011: $6,764,309Liabilities 2011: $3,076,683Net Assets 2011: $3,687,6262011Assets 2012: $5,535,154Liabilities 2012: $3,225,824Net Assets 2012: $2,309,3302012Assets 2013: $5,866,405Liabilities 2013: $3,003,848Net Assets 2013: $2,862,5572013Assets 2014: $2,633,253Liabilities 2014: $1,404,686Net Assets 2014: $1,228,5672014Assets 2015: $5,483,565Liabilities 2015: $4,561,824Net Assets 2015: $921,7412015Assets 2016: $3,472,784Liabilities 2016: $1,734,684Net Assets 2016: $1,738,1002016Assets 2017: $7,631,633Liabilities 2017: $4,379,905Net Assets 2017: $3,251,7282017Assets 2018: $10,008,921Liabilities 2018: $4,020,086Net Assets 2018: $5,988,8352018Assets 2019: $11,104,107Liabilities 2019: $3,228,792Net Assets 2019: $7,875,3152019Assets 2020: $4,668,434Liabilities 2020: $801,283Net Assets 2020: $3,867,1512020Assets 2021: $2,546,597Liabilities 2021: $1,864,592Net Assets 2021: $682,0052021Assets 2022: $2,771,779Liabilities 2022: $2,574,694Net Assets 2022: $197,0852022Assets 2023: $4,064,419Liabilities 2023: $2,865,288Net Assets 2023: $1,199,1312023Assets 2024: $1,655,481Liabilities 2024: $1,244,516Net Assets 2024: $410,9652024

Highlighted filing

2016

Assets$3,472,784
Liabilities$1,734,684
Net Assets$1,738,100
Open 2016 Filing

Operations Trend

Revenue Growth21st percentile

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

$20M$10M$0-$10MExpenses 2010: $17,200,8742010Expenses 2011: $11,505,9152011Expenses 2012: $14,789,3642012Revenue 2013: $13,571,872Expenses 2013: $13,018,645Net Income 2013: $553,2272013Revenue 2014: $10,676,528Expenses 2014: $12,310,518Net Income 2014: -$1,633,9902014Revenue 2015: $10,518,440Expenses 2015: $10,825,266Net Income 2015: -$306,8262015Revenue 2016: $9,873,595Expenses 2016: $9,057,236Net Income 2016: $816,3592016Revenue 2017: $9,548,634Expenses 2017: $8,035,006Net Income 2017: $1,513,6282017Revenue 2018: $12,375,016Expenses 2018: $9,637,909Net Income 2018: $2,737,1072018Revenue 2019: $11,330,502Expenses 2019: $9,444,022Net Income 2019: $1,886,4802019Revenue 2020: $8,935,042Expenses 2020: $12,943,206Net Income 2020: -$4,008,1642020Revenue 2021: $10,372,771Expenses 2021: $13,557,917Net Income 2021: -$3,185,1462021Revenue 2022: $10,175,476Expenses 2022: $10,660,396Net Income 2022: -$484,9202022Revenue 2023: $8,971,824Expenses 2023: $7,969,778Net Income 2023: $1,002,0462023Revenue 2024: $10,721,463Expenses 2024: $11,509,629Net Income 2024: -$788,1662024

Highlighted filing

2016

Revenue$9,873,595
Expenses$9,057,236
Net Income$816,359
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$9,873,595
Mission and Program Overview

Mission

To promote the sport of harness racing and the best interest of its members as horsemen and negotiation of proper contracts with licensed racing associations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$777,453$1,659,744▲ $882,291
Cash and Non-Interest-Bearing Accounts$153,420$77,715▼ $75,705
Prepaid Expenses and Deferred Charges$22,114$26,138▲ $4,024
Land, Buildings, and Equipment, Net$756$1,871▲ $1,115
Total Assets$5,483,565$3,472,784▼ $2,010,781
Other Assets Total$4,529,822$1,707,316▼ $2,822,506
Liabilities
Other Liabilities$4,529,822$1,707,316▼ $2,822,506
Accounts Payable and Accrued Expenses$32,002$27,368▼ $4,634
Total Liabilities$4,561,824$1,734,684▼ $2,827,140
Net Assets / Fund Balance
Unrestricted Net Assets$921,741$1,738,100▲ $816,359
Total Net Assets Fund Balance$921,741$1,738,100▲ $816,359
Total Liabilities and Net Assets / Fund Balance$5,483,565$3,472,784▼ $2,010,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,871$14,834$16,705
Other Assets Org$1,707,316--
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Richard D GillockPresident
John D McmullenDirector
Jon W ErdnerDirector
Stewart WilliamsDirector
William W ZendtDirector
Wm Bradley BuxtonDirector
Lori RomanettiSecretary
Tim TwaddleTreasurer
Jack B Piatt IiVice Pres.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,849,002
Investment Income
$2,319
Other Revenue
$22,274
Change in Net Assets
$816,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,873,595
Total Revenue per Audited Statements
$9,873,595
Total Revenue per Form 990
$9,873,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,874,239
Salaries, Compensation, and Employee Benefits$182,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$788,976
Fees for Services Other---$213,698
Fees for Services Lobbying---$153,175
Other Salaries and Wages---$140,476
Advertising---$96,006
All Other Expenses---$59,544
Fees for Services Accounting---$49,350
Other Employee Benefits---$31,115
Other Expenses---$26,000
Fees for Services Legal---$24,115
Payroll Taxes---$11,406
Travel---$10,305
Conferences and Meetings---$6,985
Office Expenses---$6,608
Information Technology---$1,751
Depreciation Depletion---$568
Total Functional Expenses$0$0$0$9,057,236

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,057,236
Total Expenses per Audited Statements$9,057,236
Total Expenses per Form 990$9,057,236
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$1,416,815
Current Year Nondeductible Lobbying and Political Cost$153,175
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Purse Escrow Fund$1,055,168
Health and Welfare Escrow Fund$652,148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“The treasurer and executive director review the form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Board reviews conflicts as they arise.”

Form 990, Page 6, Part VI, Line 15A

“Executive director's salary subject to yearly review by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Meadows Standardbred Owners
EIN
25-1382917
Phone
7242283644
Address
PO BOX 253, MEADOW LANDS, PA 15347

Signing Officer

Name
Richard D Gillock
Title
President
Phone
4122283644
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard D Gillock
Formed
1977
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
9

Preparer

Firm
Michalik & Daniels Inc
Address
934 WESTERN AVE, PITTSBURGH, PA 15233-1720
Preparer
Larra M Daniels CPA
Phone
4123222662
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers serve on board of directors.”

Raw XML Appendix358 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/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09849002
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0777453
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01659744
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AggregateReportedDuesNtcAmt09000
IRS990ScheduleC/AgreeCarryoverPriorYearInd0true
IRS990ScheduleC/CarriedOverAmt01407815
IRS990ScheduleC/DuesAssessmentsAmt09000
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt01263640
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt0153175
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt01416815
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01871
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014834
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016705
IRS990ScheduleD/ExpensesSubtotalAmt09057236
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01707316
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH RESTRICTED FOR ESCROW FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01055168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1652148
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PURSE ESCROW FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HEALTH AND WELFARE ESCROW FUND
IRS990ScheduleD/RevenueSubtotalAmt09873595
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01871
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01707316
IRS990ScheduleD/TotalExpensesPerForm990Amt09057236
IRS990ScheduleD/TotalLiabilityAmt01707316
IRS990ScheduleD/TotalRevenuePerForm990Amt09873595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09873595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09057236
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE ON BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS CONFLICTS AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR'S SALARY SUBJECT TO YEARLY REVIEW BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SpecialConditionDesc0EXTENSION GRANTED TO 111517
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05483565
IRS990/TotalAssetsEOYAmt03472784
IRS990/TotalAssetsGrp/BOYAmt05483565
IRS990/TotalAssetsGrp/EOYAmt03472784
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt09057236
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04561824
IRS990/TotalLiabilitiesEOYAmt01734684
IRS990/TotalLiabilitiesGrp/BOYAmt04561824
IRS990/TotalLiabilitiesGrp/EOYAmt01734684
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0921741
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01738100
IRS990/TotalProgramServiceExpensesAmt09057236
IRS990/TotalProgramServiceRevenueAmt09849002
IRS990/TotalRevenueGrp/ExclusionAmt02319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09871276
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09873595
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05483565
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03472784
IRS990/TravelGrp/TotalAmt010305
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0921741
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01738100
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD D GILLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04122283644
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEADOWS STANDARDBRED OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MEAD
ReturnHeader/Filer/EIN0251382917
ReturnHeader/Filer/PhoneNum07242283644
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 253
ReturnHeader/Filer/USAddress/CityNm0MEADOW LANDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015347
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02D9A241FA0AEAC4F81A77F93A93D3F4570E80B93
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02D9A241FA0AEAC4F81A77F93A93D3F4570E80B93
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461477858
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHALIK & DANIELS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0934 WESTERN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0152331720
ReturnHeader/PreparerPersonGrp/PhoneNum04123222662
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRA M DANIELS CPA
ReturnHeader/ReturnTs02017-11-15T10:23:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,472,784
Liabilities
$1,734,684
Net assets
$1,738,100
Revenue
$9,873,595
Expenses
$9,057,236
Net income
$816,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$1.24$0.41$10.7$11.5$0.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$2.87$1.20$8.97$7.97$1.00
2022Detailed filing. Detailed filing data is available for this year.$2.77$2.57$0.20$10.2$10.7$0.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$1.86$0.68$10.4$13.6$3.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$0.80$3.87$8.94$12.9$4.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$3.23$7.88$11.3$9.44$1.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$4.02$5.99$12.4$9.64$2.74
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.63$4.38$3.25$9.55$8.04$1.51
2016Detailed filing. Detailed filing data is available for this year.$3.47$1.73$1.74$9.87$9.06$0.82
2015Detailed filing. Detailed filing data is available for this year.$5.48$4.56$0.92$10.5$10.8$0.31
2014Detailed filing. Detailed filing data is available for this year.$2.63$1.40$1.23$10.7$12.3$1.63
2013Detailed filing. Detailed filing data is available for this year.$5.87$3.00$2.86$13.6$13.0$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.54$3.23$2.31$14.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.76$3.08$3.69$11.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$3.24$2.39$17.2