Totals
- Total revenue
- $217,230
- Total expenses
- $228,819
- Contributions and grants received
- $146,502
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $31,566
- Other revenue
- $39,162
- Total assets, end of year
- $1,825,014
- Total liabilities, end of year
- $53,863
- Net assets or fund balances, end of year
- $1,771,151
- Program services expenses (Part IX)
- $206,194
- Management and general expenses
- $21,390
- Fundraising expenses
- $1,235
- Program service expenses (Part III)
- $206,194
Program services were 90.1% 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)
$25,000
-
1f · All other contributions, gifts and grants
$121,502
-
3 · Investment income
total $31,566 · excluded $31,566
-
8a · Fundraising events: gross income
$72,159
-
8b · Fundraising events: direct expenses
$32,997
-
8c · Net income from fundraising events
total $39,162 · excluded $39,162
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $390 · management and general $390
-
11c · Fees: accounting
total $21,000 · management and general $21,000
-
12 · Advertising and promotion
total $9,320 · program services $9,320
-
13 · Office expenses
total $2,966 · program services $2,966
-
14 · Information technology
total $6,090 · program services $6,090
-
16 · Occupancy
total $27,600 · program services $27,600
-
22 · Depreciation, depletion and amortization
total $69,261 · program services $69,261
-
23 · Insurance
total $726 · program services $726
-
24a · Other expenses: RURAL MD COUNCIL
total $25,000 · program services $25,000
-
24b · Other expenses: WORK EXPERIENCE PROGRAM
total $20,616 · program services $20,616
-
24c · Other expenses: MTCP
total $13,508 · program services $13,508
-
24d · Other expenses: LIBRARY EXPENSE
total $11,804 · program services $11,804
-
24e · All other expenses
total $20,538 · program services $19,303 · fundraising $1,235
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,111,533 · end of year $1,425,473
-
3 · Pledges and grants receivable
beginning of year $230,000 · end of year $83,000
-
4 · Accounts receivable
beginning of year $221,197 · end of year $100
-
9 · Prepaid expenses and deferred charges
end of year $510
-
10a · Land, buildings and equipment: cost or other basis
$470,113
-
10b · Land, buildings and equipment: accumulated depreciation
$154,182
-
10c · Land, buildings and equipment, net
beginning of year $261,848 · end of year $315,931
-
17 · Accounts payable and accrued expenses
beginning of year $41,838 · end of year $30,363
-
19 · Deferred revenue
end of year $23,500
-
27 · Net assets without donor restrictions
beginning of year $361,071 · end of year $425,320
-
28 · Net assets with donor restrictions
beginning of year $1,421,669 · end of year $1,345,831
Mission and programs · 2023
Mission
TO EDUCATE THE PUBLIC AND IMPROVE THE CONDITIONS OF THE EQUINE INDUSTRY THROUGHOUT THE STATE OF MARYLAND.
-
TO EDUCATE THE PUBLIC AND IMPROVE THE CONDITIONS OF THE EQUINE INDUSTRY THROUGHOUT THE STATE OF MARYLAND. SEVERAL HUNDRED INDIVIDUALS ARE REACHED ON AN ANNUAL BASIS.
Expenses $89,724
-
MARYLAND THOROUGBRED CAREER PROGRAM IS AN EDUCATIONAL PROGRAM TO INCREASE AWARENESS OF THE DIVERSE CAREER OPTIONS IN THE HORSE INDUSTRY.
Expenses $34,124
-
THE MARYLAND HORSE LIBRARY & EDUCATION CENTER IS THE LARGEST LIBRARY OF ITS KIND ON THE EAST COAST, IT MAINTAINS THOUSANDS OF BOOKS DEDICATED EXCLUSIVELY TO HORSES.
Expenses $13,085
-
TO EDUCATE STUDENTS AND ASSIST IN THER EDUCATIONAL COSTS, TO PROVIDE AN EQUINE LIBRARY AND MEDIA CENTER WHICH IS OPEN TO THE PUBLIC.
Expenses $69,261
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William K BonifaceWILLIAM K BONIFACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
James SteeleJAMES STEELE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Michael PonsMICHAEL PONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Katharine M VossKATHARINE M VOSS
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 5
-
Joseph P Pons JrJOSEPH P PONS JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Jwy Martin JrJWY MARTIN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
J William BonifaceJ WILLIAM BONIFACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dan TordjmanDAN TORDJMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Adair StifelADAIR STIFEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eh Worthington IVEH WORTHINGTON IV
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cricket GoodallCRICKET GOODALL
EXECUTIVE DI
- Total calculated
- $0
- Hours/week
- 10
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
501C6 · MD
-
501C6 · MD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433129349303918
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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