Skip to content
Nonprofiteer
← INDIANA STANDARDBRED ASSOCIATION INC

Form 990 for tax year 2024

Filed by INDIANA STANDARDBRED ASSOCIATION INC.

Totals

Total revenue
$1,707,869
Total expenses
$1,626,296
Contributions and grants received
$55,101
Grants paid
$133,152
Program service revenue
$1,652,768
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,985,089
Total liabilities, end of year
$67,381
Net assets or fund balances, end of year
$2,917,708
Program services expenses (Part IX)
$1,422,578
Management and general expenses
$203,718
Fundraising expenses
$0
Program service expenses (Part III)
$1,422,578

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $55,101

  • 2a · Program service revenue: SLOT FUND TRANSFER - BENE

    total $752,393 · related or exempt $752,393

  • 2b · Program service revenue: SLOT FUND TRANSFER - OPERATIO

    total $493,375 · related or exempt $493,375

  • 2c · Program service revenue: SLOT FUND TRANSFER - PROMOTIO

    total $150,479 · related or exempt $150,479

  • 2d · Program service revenue: HOOSIER PARK-ADMIN FEES

    total $106,090 · related or exempt $106,090

  • 2e · Program service revenue: BREED DEV MATCHING FUNDS

    total $56,000 · related or exempt $56,000

  • 2f · All other program service revenue

    total $94,431 · related or exempt $94,431

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,873 · program services $87,873

  • 2 · Grants to domestic individuals

    total $45,279 · program services $45,279

  • 5 · Compensation of officers, directors and key employees

    total $7,375 · program services $7,375

  • 7 · Other salaries and wages

    total $164,527 · program services $164,527

  • 10 · Payroll taxes

    total $12,995 · program services $12,995

  • 11a · Fees: management

    total $43,500 · management and general $43,500

  • 11b · Fees: legal

    total $26,365 · program services $26,365

  • 11c · Fees: accounting

    total $28,490 · program services $28,490

  • 11d · Fees: lobbying

    total $138,007 · management and general $138,007

  • 11g · Fees: other

    total $27,540 · program services $27,540

  • 12 · Advertising and promotion

    total $134,768 · program services $134,768

  • 13 · Office expenses

    total $22,679 · program services $21,749 · management and general $930

  • 16 · Occupancy

    total $9,444 · program services $9,444

  • 17 · Travel

    total $8,634 · program services $8,082 · management and general $552

  • 19 · Conferences, conventions and meetings

    total $8,526 · management and general $8,526

  • 22 · Depreciation, depletion and amortization

    total $8,024 · program services $8,024

  • 24a · Other expenses: HEALTH SERVICES

    total $391,632 · program services $391,632

  • 24b · Other expenses: AWARDS BANQUET

    total $105,864 · program services $105,864

  • 24c · Other expenses: PURSE MONEY

    total $96,980 · program services $96,980

  • 24d · Other expenses: INSURANCE

    total $73,832 · program services $73,832

  • 24e · All other expenses

    total $183,962 · program services $171,759 · management and general $12,203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,524,563 · end of year $2,622,825

  • 4 · Accounts receivable

    beginning of year $130,728 · end of year $125,550

  • 10a · Land, buildings and equipment: cost or other basis

    $315,558

  • 10b · Land, buildings and equipment: accumulated depreciation

    $101,494

  • 10c · Land, buildings and equipment, net

    beginning of year $219,217 · end of year $214,064

  • 15 · Other assets

    beginning of year $22,650 · end of year $22,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,332 · end of year $32,332

  • 25 · Other liabilities

    beginning of year $29,754 · end of year $35,049

  • 27 · Net assets without donor restrictions

    beginning of year $253,509 · end of year $259,024

  • 28 · Net assets with donor restrictions

    beginning of year $2,581,563 · end of year $2,658,684

Mission and programs · 2024

Mission

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.

  • PROVIDE MEDICAL SERVICES AND INSURANCE FOR THE HORSEMEN'S BENEFIT ON TRACK GROUNDS.

  • GENERAL ACCOUNT: LOBBYING ACTIVITY AND ELITE RACE SPONSORSHIP, MEMBERSHIP MAINTENANCE.

  • PROMOTION AND ADVERTISING ACTIVITIES.

  • 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.

    Expenses $1,422,578 · Grants $133,152

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Delong

    ISA PRESIDEN

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Taylor

    1ST VICE PRE

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Doug Rideout

    2ND VICE PRE

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Emily Dever

    ISA BOARD SE

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Matt Rheinheimer

    ISA BOARD TR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Chad Clark

    DIRECTOR

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joe Essig Jr

    DIRECTOR

    Total calculated
    $350
    From this org
    $350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ernie Gaskin

    DIRECTOR

    Total calculated
    $375
    From this org
    $375
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Randy Hatton

    DIRECTOR

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jay Hochstetler

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Merkel

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Zach Miller

    DIRECTOR

    Total calculated
    $550
    From this org
    $550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alan White

    DIRECTOR

    Total calculated
    $550
    From this org
    $550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Wilson

    DIRECTOR

    Total calculated
    $550
    From this org
    $550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Yoder

    DIRECTOR

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • GRANT- OTHER

    $23,968

  • MIAMI COUNTY AGRICULTURAL ASSOC GR

    $11,775

  • CONTRIBUTIONS

    $8,200

  • JAY COUNTY FAIR GRANT

    $8,004

  • CLINTON COUNTY 4-H FAIR GRANT

    $7,973

  • NEW VOCATIONS GRANT

    $7,500

  • HARNESS HORSE YOUTH FOUNDATION GRAN

    $7,500

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202501329349303160

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.