Maryland Horsemens Assistance Foundation
- Assets
- $139.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 47-3558991
Organization Overview
Maryland Horsemens Assistance Foundation is located in Owings Mills, MD. The organization was established in 2016. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Horsemens Assistance Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Maryland Horsemens Assistance Foundation generated $25.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $51.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE EMPLOYEES ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin M Defrancis Director | 1 | $0 | |
Donald H Barr Director | 1 | $0 | |
Linda S Gaudet President | 1 | $0 | |
Timothy L Keefe Director | 1 | $0 | |
Philip Schoenthal Director | 1 | $0 | |
Richard Hoffberger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,683 |
| Total Program Service Revenue | $9,365 |
| Membership dues | $0 |
| Investment income | $2,238 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,286 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,324 |
| Total expenses | $51,624 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,100 |
| Other assets | $0 |
| Total assets | $139,100 |
| Total liabilities | $1,725 |
| Net assets or fund balances | $137,375 |