Nonprofit · EIN 11-1875256
STANDARDBRED OWNERS ASSOCIATION WELFARE FUND
Tax-exempt · YONKERS, NY 10704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $435,953 | $2,131,711 | -$1,695,758 | $8,783,317 | $903,948 | $7,879,369 |
| December 31, 2023 | 990 | $282,605 | $2,050,200 | -$1,767,595 | $8,195,167 | $657,174 | $7,537,993 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $91,359
- Investment income
- $344,594
- Net gain from sales of assets
- $40,224
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,757,428
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $131,514
- Salaries, compensation and benefits (total)
- $141,117
- Professional fundraising fees
- $0
- Legal fees
- $3,925
- Accounting fees
- $10,000
- Occupancy
- $23,273
- Depreciation
- $882
Balance sheet and other
- Total assets, start of year
- $8,195,167
- Total assets, end of year
- $8,783,317
- Total liabilities, end of year
- $903,948
- Net assets, end of year
- $7,879,369
- Publicly traded securities
- $4,231,123
- Net assets without donor restrictions
- $7,879,369
- Gross receipts
- $1,412,819
- Employees
- 0
- Year formed
- 1958
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH A FARALDO | Trustee Trustee or director | 5 | $0 |
| IRVING ATHERTON | Trustee Trustee or director | 5 | $0 |
| CHRIS WITTSTRUCK | 3RD VP Trustee or director | 5 | $0 |
| PETER YOUNGER | Secretary Trustee or director | 5 | $0 |
| PETER VENAGLIA | Trustee Trustee or director | 5 | $0 |
| PATRICK O'BRIEN | Foundation Mana Officer | 10 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH A FARALDO | Trustee Trustee or director | 5 | $0 |
| IRVING ATHERTON | Trustee Trustee or director | 5 | $0 |
| CHRIS WITTSTRUCK | 3RD VP Trustee or director | 5 | $0 |
| PETER YOUNGER | Secretary Trustee or director | 5 | $0 |
| PETER VENAGLIA | Trustee Trustee or director | 5 | $0 |
| PATRICK O'BRIEN | Foundation Mana Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 733 YONKERS AVE STE 102, YONKERS, NY 10704-2659
- Principal officer (990 for 2024)
- JOSEPH A FARALDO, 733 YONKERS AVENUE -SUITE 102, YONKERS, NY 10704
- Signed the 990
- PATRICK O'BRIEN, Foundation Manager
- Phone
- (914) 968-3599
- Website
- www.soaofny.com
- Return prepared by
- Sklar Kantor Block CPAS LLP
Mission
WELFARE BENEFITS
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-1875256
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,783,317
- Income (IRS master file)
- $1,412,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $435,953 | $2,131,711 | $8,783,317 | XML |
| 990 | December 2023 | $282,605 | $2,050,200 | $8,195,167 | XML |
| 990 | December 2022 | $301,811 | $2,038,758 | $7,100,695 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-1875256).
Questions about STANDARDBRED OWNERS ASSOCIATION WELFARE FUND
- What is the EIN of STANDARDBRED OWNERS ASSOCIATION WELFARE FUND?
- The employer identification number (EIN) of STANDARDBRED OWNERS ASSOCIATION WELFARE FUND is 11-1875256.
- Is STANDARDBRED OWNERS ASSOCIATION WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1965.
- Are donations to STANDARDBRED OWNERS ASSOCIATION WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STANDARDBRED OWNERS ASSOCIATION WELFARE FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STANDARDBRED OWNERS ASSOCIATION WELFARE FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STANDARDBRED OWNERS ASSOCIATION WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STANDARDBRED OWNERS ASSOCIATION WELFARE FUND?
- The 990 for the year ended December 31, 2024 names JOSEPH A FARALDO.
- Who are the officers and directors of STANDARDBRED OWNERS ASSOCIATION WELFARE FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does STANDARDBRED OWNERS ASSOCIATION WELFARE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $435,953, expenses of $2,131,711 and total assets of $8,783,317 at year end.
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