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Cloverleaf Standardbred Owners Association

Not tax-deductible

Temple Hills, MD501(c)(6)Since 1995Mutual / membership EIN 51-0102572Revenue $663K in FY2025

On file with the IRScloverleafsoa.orgPo Box 156, 20757-0156 · Temple Hills, MDTax-exempt since Dec 1967

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To promote harness horse racing and to maintain high standards in harness horse ownership, breeding, raising and racing, negotiates purse structure, insurance and welfare programs, and counsels and informs horsemen on matters pertaining to harness racing.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $53K a year · 15% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$663K
+14% vs prior year
Spent
$498K
Net assets
$914K
By yearFY2020–FY2025
Revenue
$663K
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$152K
FY2021$179K
FY2022$183K
FY2023$439K
FY2024$583K
FY2025$663K
Expenses
$498K
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$198K
FY2022$244K
FY2023$297K
FY2024$434K
FY2025$498K
Net assets
$914K
FY2025▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$536K
FY2021$518K
FY2022$457K
FY2023$599K
FY2024$749K
FY2025$914K

From the FY2025 Form 990 (year ending October 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Colby Hubble
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Timmy Offutt
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Hall
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Frank Milby
1st Vice-President
$0Pt VII · Sec A
William Long
2nd Vice-President
$0Pt VII · Sec A
See Cloverleaf Standardbred Owners Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages member benefits and financial assistance programs.

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$663K
Ln 12
Fees for servicesLn 2g$620K
Investment incomeLn 3$28K
Other incomeLn 4–11$16K
Money outPt IX
$498K
Ln 25
Owns and owesPt X
$914K
net assets · Ln 32
Cash and savingsLn 1–2$450K
Total assetsLn 16$926K
LiabilitiesLn 26$12K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$235
Fees for servicesLn 2g$620K
Investment incomeLn 3$28K
Other incomeLn 4–11$16K
Total revenueLn 12$663K
Assets in detailPt X, end of year
CashLn 1$450K
Cash and savings togetherLn 1–2$450K
InvestmentsLn 11–13$430K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$926K
LiabilitiesLn 26$12K
Net assetsLn 32$914K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$252K$450K
InvestmentsLn 11–13$480K$430K
Land, buildings, equipmentLn 10c$370$10K
Total assetsLn 16$767K$926K
LiabilitiesLn 26$18K$12K
Net assetsLn 32$749K$914K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$151K
Other salaries and wagesLn 7$133K
Payroll taxesLn 10$10K
Accounting feesLn 11c$35K
Lobbying feesLn 11d$74K
Advertising and promotionLn 12$31K
Office expensesLn 13$7K
TravelLn 17$10K
InterestLn 20$22
Depreciation, depletion and amortizationLn 22$661
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$38K
All other expensesLn 24e$3K
Total functional expensesLn 25$498K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $663K$498K$165K$914K 990 PDF
FY2024 $583K$434K$150K$749K 990 PDF
FY2023 $439K$297K$142K$599K 990 PDF
FY2022 $183K$244K−$61K$457K 990 PDF
FY2021 $179K$198K−$18K$518K 990 PDF
FY2020 $152K$211K−$58K$536K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $663,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$235
I-9 Program service revenuePrior year $552,023$619,910
I-10 Investment incomePrior year $6,479$27,667
I-11 Other revenuePrior year $24,720$15,598
I-12 Total revenuePrior year $583,222$663,410
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $158,617$151,216
I-15 Salaries and benefitsPrior year $127,292$143,788
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $147,680$203,349
I-18 Total expensesPrior year $433,589$498,353
I-19 Revenue less expensesPrior year $149,633$165,057
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $663,410 across 6 lines filed
VIII-1f All other contributions, gifts and grants$235
VIII-1h Total contributions, gifts and grants$235
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $619,910$619,910
VIII-3 Investment incomeRelated to mission $27,667$27,667
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,598$15,598
VIII-12 Total revenueRelated to mission $663,175 · Unrelated business $0 · Excluded from tax $0$663,410
Part IX · Statement of functional expenses $498,353 across 13 lines filed
IX-4 Benefits paid to or for members$151,216
IX-7 Other salaries and wages$133,420
IX-10 Payroll taxes$10,368
IX-11c Accounting fees$35,042
IX-11d Lobbying fees$74,182
IX-12 Advertising and promotion$31,382
IX-13 Office expenses$6,902
IX-17 Travel$10,208
IX-20 Interest$22
IX-22 Depreciation, depletion and amortization$661
IX-23 Insurance$3,855
IX-24 Other expenses (24a–d)$38,179
IX-24e All other expenses$2,916
IX-25 Total functional expenses$498,353
Part X · Balance sheet $926,266 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $252,433$449,996
X-4 Accounts receivableStart of year $17,268$26,700
X-9 Prepaid expenses and deferred chargesStart of year $16,562$9,809
X-10c Land, buildings and equipment, netStart of year $370$10,092
X-12 Other securitiesStart of year $480,000$429,669
X-16 Total assetsStart of year $766,633$926,266
X-17 Accounts payable and accrued expensesStart of year $1,961$2,079
X-25 Other liabilitiesStart of year $15,643$10,101
X-26 Total liabilitiesStart of year $17,604$12,180
X-27 Net assets without donor restrictionsStart of year $699,025$914,086
X-28 Net assets with donor restrictionsStart of year $50,004$0
X-32 Total net assets or fund balancesStart of year $749,029$914,086
X-33 Total liabilities and net assetsStart of year $766,633$926,266
Part XI · Reconciliation of net assets $914,086 net assets at year end
XI-1 Total revenue$663,410
XI-2 Total expenses$498,353
XI-3 Revenue less expenses$165,057
XI-4 Net assets at start of year$749,029
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$914,086

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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