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Nonprofiteer
← MARYLAND HORSE FOUNDATION INC

Form 990 for tax year 2025

Filed by MARYLAND HORSE FOUNDATION INC.

Totals

Total revenue
$350,114
Total expenses
$251,386
Contributions and grants received
$291,281
Grants paid
$0
Program service revenue
$0
Investment income
$30,255
Other revenue
$28,578
Total assets, end of year
$1,832,627
Total liabilities, end of year
$15,722
Net assets or fund balances, end of year
$1,816,905
Program services expenses (Part IX)
$231,651
Management and general expenses
$19,735
Fundraising expenses
$0
Program service expenses (Part III)
$231,651

Program services were 92.1% 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.

  • 1b · Membership dues

    $10,960

  • 1f · All other contributions, gifts and grants

    $280,321

  • 3 · Investment income

    total $30,255 · excluded $30,255

  • 8a · Fundraising events: gross income

    $21,534

  • 8b · Fundraising events: direct expenses

    $1,495

  • 8c · Net income from fundraising events

    total $20,039 · excluded $20,039

  • 10a · Gross sales of inventory

    $6,212

  • 10c · Net income from sales of inventory

    total $6,212 · related or exempt $6,212

  • 11a · Other revenue: MISCELLANEOUS

    total $2,327 · excluded $2,327

  • 11e · Other revenue, total

    $2,327

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $19,735 · management and general $19,735

  • 12 · Advertising and promotion

    total $12,882 · program services $12,882

  • 13 · Office expenses

    total $2,844 · program services $2,844

  • 14 · Information technology

    total $403 · program services $403

  • 16 · Occupancy

    total $27,600 · program services $27,600

  • 17 · Travel

    total $378 · program services $378

  • 22 · Depreciation, depletion and amortization

    total $41,004 · program services $41,004

  • 23 · Insurance

    total $726 · program services $726

  • 24a · Other expenses: MD TB EDU CAMPAIGN EXP

    total $120,399 · program services $120,399

  • 24b · Other expenses: LANDSCAPING

    total $9,696 · program services $9,696

  • 24c · Other expenses: BANK CHARGES

    total $3,168 · program services $3,168

  • 24d · Other expenses: LIBRARY EXPENSE

    total $2,556 · program services $2,556

  • 24e · All other expenses

    total $9,995 · program services $9,995

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,396,089 · end of year $1,559,219

  • 3 · Pledges and grants receivable

    beginning of year $63,500

  • 4 · Accounts receivable

    beginning of year $19,255 · end of year $42,626

  • 10a · Land, buildings and equipment: cost or other basis

    $480,148

  • 10b · Land, buildings and equipment: accumulated depreciation

    $249,366

  • 10c · Land, buildings and equipment, net

    beginning of year $266,791 · end of year $230,782

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,568 · end of year $15,722

  • 19 · Deferred revenue

    beginning of year $7,890

  • 27 · Net assets without donor restrictions

    beginning of year $368,943 · end of year $378,509

  • 28 · Net assets with donor restrictions

    beginning of year $1,349,234 · end of year $1,438,396

Mission and programs · 2025

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 $182,716

  • MARYLAND THOROUGBRED CAREER PROGRAM IS AN EDUCATIONAL PROGRAM TO INCREASE AWARENESS OF THE DIVERSE CAREER OPTIONS IN THE HORSE INDUSTRY.

    Expenses $3,440

  • 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 $4,491

  • TO EDUCATE STUDENTS AND ASSIST IN THER EDUCATIONAL COSTS, TO PROVIDE AN EQUINE LIBRARY AND MEDIA CENTER WHICH IS OPEN TO THE PUBLIC.

    Expenses $41,004

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William K Boniface William K Boniface

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Steele James Steele

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Michael Pons Michael Pons

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Katharine M Voss Katharine M Voss

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    5

  • Joseph P Pons Jr Joseph P Pons Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • J William Boniface J William Boniface

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dan Tordjman Dan Tordjman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ann Merryman Ann Merryman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Henry Clark Henry Clark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Adair Stifel Adair Stifel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Eh Worthington IV Eh Worthington IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cricket Goodall Cricket 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.

Provenance

Return type
form_990
Tax year
2025
Filed
14 May 2026
IRS schema version
2025v4.0
Source object
202612479349301326

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