Maryland Racing Media Charitable Foundation Inc
- Assets
- $29.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bel Air, MD
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 52-2289797
Organization Overview
Maryland Racing Media Charitable Foundation Inc is located in Bel Air, MD. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Racing Media Charitable Foundation Inc 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 12/2022, Maryland Racing Media Charitable Foundation Inc generated $127.0 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 (48.0%) each year. All expenses for the organization totaled $268.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (41.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Vespe President | 1 | $0 | |
Joe Clancy Vice Preside | 1 | $0 | |
Tom Lamarra Secretary | 1 | $0 | |
Michael Pons Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $127 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $256 |
| Total expenses | $268 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,045 |
| Other assets | $0 |
| Total assets | $29,045 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,045 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Racing Media Charitable Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Maryland Horse Breeders Association Inc Reisterstown, MD | | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |