Totals
- Total revenue
- $1,736,089
- Total expenses
- $1,556,036
- Contributions and grants received
- $489,517
- Grants paid
- $0
- Program service revenue
- $1,228,040
- Investment income
- $18,532
- Other revenue
- $0
- Total assets, end of year
- $1,788,914
- Total liabilities, end of year
- $671,604
- Net assets or fund balances, end of year
- $1,117,310
- Program services expenses (Part IX)
- $1,556,036
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$89,900
-
1e · Government grants (contributions)
$399,617
-
2a · Program service revenue: MARYLAND BRED RACE FUND
total $380,297 · related or exempt $380,297
-
2b · Program service revenue: RACING ACT
total $334,245 · related or exempt $334,245
-
2c · Program service revenue: PRE-ENTRY/ENTRY FEES
total $241,854 · related or exempt $241,854
-
2d · Program service revenue: SIMULCAST REVENUE
total $109,357 · related or exempt $109,357
-
2e · Program service revenue: HORSEMEN'S CONTRIBUTION
total $54,705 · related or exempt $54,705
-
2f · All other program service revenue
total $107,582 · related or exempt $91,207 · unrelated business $16,375
-
3 · Investment income
total $18,532 · excluded $18,532
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $22,140 · program services $22,140
-
12 · Advertising and promotion
total $8,577 · program services $8,577
-
13 · Office expenses
total $3,955 · program services $3,955
-
14 · Information technology
total $14,628 · program services $14,628
-
23 · Insurance
total $5,452 · program services $5,452
-
24a · Other expenses: PURSES AND AWARDS
total $1,140,206 · program services $1,140,206
-
24b · Other expenses: RACE DAY EVENTS
total $236,279 · program services $236,279
-
24c · Other expenses: MHB SERVICE FEE
total $96,000 · program services $96,000
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $10,520 · program services $10,520
-
24e · All other expenses
total $18,279 · program services $18,279
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,000,943 · end of year $1,302,886
-
4 · Accounts receivable
beginning of year $294,541 · end of year $443,608
-
9 · Prepaid expenses and deferred charges
beginning of year $2,970 · end of year $2,970
-
15 · Other assets
beginning of year $39,450 · end of year $39,450
-
17 · Accounts payable and accrued expenses
beginning of year $345,597 · end of year $633,504
-
25 · Other liabilities
beginning of year $55,050 · end of year $38,100
-
27 · Net assets without donor restrictions
beginning of year $937,257 · end of year $1,117,310
Mission and programs · 2023
Mission
PROMOTION OF MARYLAND THOROUGHBRED HORSE BREEDING AND RACING INDUSTRY.
-
MARYLAND MILLION DAY PROGRAM: A DAY OF RACING DESIGNED TO PROMOTE AND EDUCATE THE PUBLIC IN THOROUGHBRED RACING AND BREEDING. APPROXIMATELY 15,000 INDIVIDUALS PARTICIPATE.
-
.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
J William BonifaceJ WILLIAM BONIFACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William K BonifaceWILLIAM K BONIFACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael J Harrison DVMMICHAEL J HARRISON DVM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John FosterJOHN FOSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eh Worthington IVEH WORTHINGTON IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donald A Miller JrDONALD A MILLER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James B Steele JrJAMES B STEELE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Timothy L KeefeTIMOTHY L KEEFE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tk KueglerTK KUEGLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Ann MerrymanANN MERRYMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Louis MerrymanLOUIS MERRYMAN
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Kent A MurrayKENT A MURRAY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 3
-
Paul O'LoughlinPAUL O'LOUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael PonsMICHAEL PONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike RogersMIKE ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Phil SchoenthalPHIL SCHOENTHAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katharine M VossKATHARINE M VOSS
SECRETARY TR
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MARYLAND HORSE BREEDERS ASSOCIATION
501C · PROMOTING · MD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 January 2024
- IRS schema version
- 2023v6.0
- Source object
- 202510659349300006
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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