Totals
- Total revenue
- $3,791,978
- Total expenses
- $3,336,067
- Contributions and grants received
- $1,440,368
- Grants paid
- $0
- Program service revenue
- $2,320,177
- Investment income
- $31,433
- Other revenue
- $0
- Total assets, end of year
- $23,588,375
- Total liabilities, end of year
- $408,446
- Net assets or fund balances, end of year
- $23,179,929
- Program services expenses (Part IX)
- $2,698,323
- Management and general expenses
- $517,015
- Fundraising expenses
- $120,729
- Program service expenses (Part III)
- $2,698,323
Program services were 80.9% 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.
-
1e · Government grants (contributions)
$826,317
-
1f · All other contributions, gifts and grants
$614,051
-
2a · Program service revenue: UTILITY REIMBURSEMENT
total $1,367,189 · related or exempt $1,367,189
-
2b · Program service revenue: THEATRE SUB-LEASE
total $451,504 · related or exempt $451,504
-
2c · Program service revenue: PRESENTATION FEES
total $265,325 · related or exempt $265,325
-
2d · Program service revenue: TICKET SALES/USHER
total $188,637 · related or exempt $188,637
-
2e · Program service revenue: SUBSCRIPTION FEES
total $28,675 · related or exempt $28,675
-
2f · All other program service revenue
total $18,847 · related or exempt $18,847
-
3 · Investment income
total $61,375 · excluded $61,375
-
7a · Gross sales of assets other than inventory
securities $261,869
-
7b · Less cost or other basis and sales expenses
securities $291,811
-
7c · Gain or loss
securities -$29,942
-
7d · Net gain or loss
total -$29,942 · excluded -$29,942
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $284,901 · program services $213,676 · management and general $14,244 · fundraising $56,981
-
7 · Other salaries and wages
total $345,435 · program services $276,348 · management and general $34,543 · fundraising $34,544
-
8 · Pension plan contributions
total $15,026 · program services $12,021 · management and general $1,503 · fundraising $1,502
-
9 · Other employee benefits
total $18,174 · program services $13,630 · management and general $910 · fundraising $3,634
-
10 · Payroll taxes
total $45,935 · program services $34,451 · management and general $2,297 · fundraising $9,187
-
11c · Fees: accounting
total $26,597 · program services $15,776 · management and general $10,821
-
12 · Advertising and promotion
total $13,038 · program services $13,038
-
13 · Office expenses
total $74,407 · program services $37,204 · management and general $22,322 · fundraising $14,881
-
16 · Occupancy
total $451,504 · program services $451,504
-
19 · Conferences, conventions and meetings
total $4,960 · management and general $4,960
-
22 · Depreciation, depletion and amortization
total $345,765 · management and general $345,765
-
23 · Insurance
total $199,461 · program services $121,854 · management and general $77,607
-
24a · Other expenses: HIPPODROME DEVELOPMENT
total $1,367,281 · program services $1,367,281
-
24b · Other expenses: EDUCATION PROGRAM
total $64,543 · program services $64,543
-
24c · Other expenses: SUMMER CAMP
total $33,773 · program services $33,773
-
24d · Other expenses: STUDENT MATINEE
total $30,482 · program services $30,482
-
24e · All other expenses
total $14,785 · program services $12,742 · management and general $2,043
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,931 · end of year $176,042
-
3 · Pledges and grants receivable
beginning of year $814,390 · end of year $357,059
-
4 · Accounts receivable
beginning of year $177,231 · end of year $218,040
-
8 · Inventories for sale or use
beginning of year $17,167,078
-
9 · Prepaid expenses and deferred charges
beginning of year $33,989 · end of year $36,860
-
10a · Land, buildings and equipment: cost or other basis
$19,528,035
-
10b · Land, buildings and equipment: accumulated depreciation
$388,201
-
10c · Land, buildings and equipment, net
beginning of year $1,406 · end of year $19,139,834
-
11 · Investments: publicly traded securities
beginning of year $2,250,457 · end of year $2,475,955
-
13 · Investments: program-related
beginning of year $7,095 · end of year $7,095
-
15 · Other assets
beginning of year $3,196,074 · end of year $1,177,490
-
17 · Accounts payable and accrued expenses
beginning of year $1,029,338 · end of year $158,446
-
23 · Secured mortgages and notes payable
beginning of year $262,500 · end of year $250,000
-
27 · Net assets without donor restrictions
beginning of year $18,483,349 · end of year $21,645,380
-
28 · Net assets with donor restrictions
beginning of year $4,010,464 · end of year $1,534,549
Mission and programs · 2023
Mission
SEE SCHEDULE O.
-
IN ADDITION TO PRESENTING THE BEST OF NATIONAL TOURING BROADWAY IN BALTIMORE, HIPPODROME FOUNDATION, INC. (HFI) IS COMMITTED TO PROVIDING ACCESS TO THE HIPPODROME - AND ALL OF ITS ASSETS - TO PEOPLE WHO LIVE IN AND VISIT MARYLAND BY PROVIDING FREE OUTREACH AND EDUCATION PROGRAMS IN THE COMMUNITY. BOARD MEMBERS AND STAFF WORK TO PROVIDE PROGRAMS THAT PROVIDE OPPORTUNITIES FOR STUDENTS OF ALL AGES THAT MAKE A DIFFERENCE IN THEIR LIVES - WHETHER AS A CAMP HIPPODROME CAMPER, AS A YOUNG CRITIC REVIEWING SHOWS, A STUDENT ATTENDING ONE OF OUR FREE MATINEES OR AS A DANCER FROM BALTIMORE SCHOOL FOR THE ARTS PARTICIPATING IN A MASTER CLASS. HFI HAS PROVIDED SERVICES TO THOUSANDS OF PEOPLE SINCE THE RE-OPENING OF THE HIPPODROME ON FEBRUARY 10, 2004.
Expenses $2,698,323 · Revenue $2,320,177
As filed on the 2023 return.
Listed in Part VII
-
Anthony L Jenkins PhDANTHONY L JENKINS PHD
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Arthur F Bell JrARTHUR F BELL JR
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Brooks AmiotBROOKS AMIOT
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Bruce JarrellBRUCE JARRELL
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Denise GalambosDENISE GALAMBOS
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Dennis H WeinmanDENNIS H WEINMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Donald C FryDONALD C FRY
OUTGOING-MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Donald HickenDONALD HICKEN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Herbert D Frerichs JrHERBERT D FRERICHS JR
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
J Michael RileyJ MICHAEL RILEY
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jonathan M GennJONATHAN M GENN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Keith CampbellKEITH CAMPBELL
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Kofi OforiKOFI OFORI
OUTGOING-MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Kurt L SchmokeKURT L SCHMOKE
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Melissa O Martinez EsqMELISSA O MARTINEZ ESQ
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Michael E CryorMICHAEL E CRYOR
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Michele L WhelleyMICHELE L WHELLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Neil M MeltzerNEIL M MELTZER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Nichole BaccalaNICHOLE BACCALA
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Olive WaxterOLIVE WAXTER
EXECUTIVE DIRECTOR
- Total calculated
- $284,901
- From this org
- $233,400
- From related orgs
- $0
- Other
- $51,501
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,400
- Bonus
- $0
- Other
- $0
- Deferred
- $18,824
- Nontaxable benefits
- $32,677
- Filer's total
- $284,901
-
Phyliclia PorterPHYLICLIA PORTER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Robert G Merrick IIIROBERT G MERRICK III
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tom RegnanteTOM REGNANTE
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Walter D Pinkard JrWALTER D PINKARD JR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Zachary D ShankmanZACHARY D SHANKMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
HIPPODROME PERFORMING ARTS CENTER LLC
PERFORMING ARTS · MD
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BCPA HIPPODROME INC
C · PERFORMING ARTS · MD · 100% owned · share of income -$232,749 · share of assets $7,793,470 · controlled entity
Directly controlled by HIPPODROME FDN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349305777
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