2025-09-12T10:01:07-07:00 2024-12-31 112690003 Sklar Kantor Block CPAS LLP 500 Bedford Avenue Bellmore NY 11710 990 2024-01-01 111875256 STANDARDBRED OWNERS ASSOCWELFARE FUND STAN 9149683599 733 YONKERS AVENUE -SUITE 102 YONKERS NY 10704 PATRICK O'BRIEN Foundation Manager 2025-09-12 true true Craig Gordon CPA P00965510 5168264300 2024 2025-03-06 01:10:19Z JOSEPH A FARALDO 733 YONKERS AVENUE -SUITE 102 YONKERS NY 10704 1412819 false X www.soaofny.com X 1958 NY WELFARE BENEFITS 5 5 0 0 295269 0 83364 91359 199241 344594 0 282605 435953 0 1761409 1757428 133945 141117 0 0 154846 233166 2050200 2131711 -1767595 -1695758 8195167 8783317 657174 903948 7537993 7879369 WELFARE BENEFITS false false MEDICAL, DENTAL, HOSPITAL AND RELATED BENEFITS ARE PAID TO OR ON BEHALF OF PARTICIPANTS AND THEIR DEPENDENTS. PREMIUMS TO PURCHASE LIFE INSURANCE CONTRACTS FOR PARTICIPANTS false false false false false false false false true true false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 1 0 true 0 true true false false false false false false false X 5 5 false false false false false false false true false false false true true true true false true false true false NY X THE ORGANIZATION 9149683599 733 YONKERS AVE YONKERS NY 10704 X JOSEPH A FARALDO Trustee 5.00 0.00 X 0 0 0 IRVING ATHERTON Trustee 5.00 0.00 X 0 0 0 CHRIS WITTSTRUCK 3RD VP 5.00 0.00 X 0 0 0 PETER YOUNGER Secretary 5.00 0.00 X 0 0 0 PETER VENAGLIA Trustee 5.00 0.00 X 0 0 0 PATRICK O'BRIEN Foundation Mana 10.00 30.00 X 0 0 0 0 false false false 0 0 Membership Dues & Assessments 91359 91359 91359 304370 304370 0 0 0 1017090 976866 40224 40224 40224 0 0 0 0 435953 435953 0 0 0 1757428 0 0 131514 0 0 9603 0 3925 10000 0 0 48199 1942 0 13572 2125 0 23273 0 0 0 0 0 882 11172 UNRELATED BUSI. ICOME TAX 116571 Bank cges &Credit Card Fees 1505 0 2131711 0 0 0 500999 456502 538577 345118 0 17175 22191 0 0 0 0 0 25733 25733 883 0 3941235 4231123 0 0 0 3196298 3728383 8195167 8783317 657174 903948 657174 903948 X 7537993 7879369 7537993 7879369 8195167 8783317 X -1695758 337134 1700000 X false false false 164095 164095 14769 14769 false false false 8807 8807 16926 16926 Rounding 2 SECURITY DEPOSIT 3135 3728383 X Part X : FIN48 Footnote ASC 470 DISCLOSUREThe Associaton has evaluated its tax positions for all open tax years (2012-2024). 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, 2024 Form 990, Part VI, Section B, Line 11b BOARD REVIEWS 990 PRIOR TO FILING Form 990, Part VI, Section B, Line 12c GOVERNING MEMBERS REVIEW ANNUALLY Form 990, Part VI, Section B, Line 15b TRUSTEES REVIEW AND APROVE COMPENSATION Form 990, Part VI, Section C, Line 19 GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS ARE OPEN TO INSPECTION TO MEMBERS UPON REQUEST Form 990, Part XI, Line 9 TRANSFER FROM SOA = $1700000 STANDARDBRED OWNERS ASSOCIATION INC 733 YONKERS AVE YONKERS NY 10704 111867812 TRADE ASSOCIATION NY 501 (c)(6) N/A false STANDARDBRED OWNERS ASSC EMRGY WELF FND 733 YONKERS AVE YONKERS NY 10704 116038293 PROVIDE SOCIAL BENEFITS NY 501 (c)(6) N/A false false false false false false false false false false false false false false false false false false false false Subject: Reasonable Cause Statement for Late Filing of Form 990This is a statement of reasonable cause for the late filing of the Form 990 for The Standardbred Owners Association Welfare Fund for the fiscal year ending December 31, 2024. We are requesting an abatement of the penalties associated with this late filing. The reason for the delay was an unforeseen medical emergency experienced by our tax accountant, Craig Gordon. He was the sole individual responsible for the preparation and filing of our tax documents. On May 15, 2025, just prior to the filing deadline, he suffered a serious medical emergency that required immediate treatment and subsequent hospitalization. As a result of this emergency, he was incapacitated and unable to complete the Form 990 or to file for an extension on our behalf. We were not aware of his condition until after the filing deadline had passed, as he was unable to communicate with us during this critical period.We understand the importance of timely filing and have always maintained a history of compliance with our tax obligations. This was an exceptional and unavoidable circumstance beyond our control. We have taken steps to ensure that such a situation will not occur again in the future, including establishing a contingency plan for our financial and tax-related matters.We believe that this unfortunate and unforeseen event constitutes reasonable cause for the late filing. We kindly request that you consider this statement and grant us a waiver of the associated penalties.