Overview
What is Maryland Thoroughbred Horsemen's Association Inc?
The Maryland Thoroughbred Horsemen's Association Inc, located at 500 REDLAND COURT - SUITE 105, OWINGS MILLS, MD 21117, is a nonprofit organization dedicated to enhancing the business conditions of thoroughbred horsemen and their employees in Maryland. Their mission is to promote the interest of thoroughbred racing within the state and effectively represent horsemen's interests and property rights when dealing with various racing associations, the Racing Commission, and the state legislature. With a team of 7 individuals, they dedicate their efforts to improving the thoroughbred industry and advocating for the rights of those engaged in it.
Official website here: www.mdhorsemen.com
Is Maryland Thoroughbred Horsemen's Association Inc legitimate?
Maryland Thoroughbred Horsemen's Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Maryland Thoroughbred Horsemen's Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $195,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,004
For more financial information, click here
Official website here: www.mdhorsemen.com
What is the mission statement of Maryland Thoroughbred Horsemen's Association Inc?
The Maryland Thoroughbred Horsemen's Association Inc is established with a mission to advocate for the interests of thoroughbred racing and the rights of horsemen. This organization represents the collective interests of horsemen in dealing with various racing associations, the Racing Commission, and the state legislature. Its primary objective is to improve business conditions for thoroughbred horsemen and their employees, as well as enhance the overall health of the thoroughbred industry and those engaged within it.
Official website here: www.mdhorsemen.com
What is the revenue of Maryland Thoroughbred Horsemen's Association Inc?
Maryland Thoroughbred Horsemen's Association Inc's revenue in 2023 was $1,812,152.
Official website here: www.mdhorsemen.com
Who are the executives of Maryland Thoroughbred Horsemen's Association Inc and what are their salaries?
The average compensation at Maryland Thoroughbred Horsemen's Association Inc during 2023 was $47,099. There are 7 employees and 15 volunteers at Maryland Thoroughbred Horsemen's Association Inc.
Here are 16 key members and their salaries:
- Compensation: $195,689
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- Other: $37,357
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Official website here: www.mdhorsemen.com
Where can I find the form 990 for Maryland Thoroughbred Horsemen's Association Inc?
Maryland Thoroughbred Horsemen's Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mdhorsemen.com
Learn more at the official website: www.mdhorsemen.com
Mission Statement of Maryland Thoroughbred Horsemen's Association Inc
The Maryland Thoroughbred Horsemen's Association Inc, a nonprofit organization, is dedicated to promoting the interest of thoroughbred racing in Maryland. Its primary role is to represent the interests and property rights of all horsemen, ensuring they are well-represented in their dealings with various racing associations, the Racing Commission, and the state legislature. The association strives to improve business conditions for thoroughbred horsemen and their employees, as well as contribute to the overall betterment of the thoroughbred industry and those engaged in it. Its mission is to work tirelessly for the betterment of this sector, ensuring a thriving future for both horsemen and the thoroughbred industry as a whole.
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Impact
October, 2024
The Maryland Thoroughbred Horsemen's Association Inc. plays a crucial role in promoting and enhancing the thoroughbred racing industry in Maryland. By advocating for the interests of horsemen, the organization works to improve business conditions for those involved in the industry and their employees. This collaborative effort not only fosters a sense of community among thoroughbred owners, trainers, and workers but also ensures that their rights and interests are represented in dealings with racing associations, the Racing Commission, and the state legislature.
Their initiatives contribute to the overall improvement of the thoroughbred industry, driving economic growth and vitality in the region. By creating a favorable environment for racing, they help maintain Maryland's reputation as a prominent player in the thoroughbred scene, which in turn attracts tourism, creates jobs, and generates revenue for local businesses. Through their advocacy and support, the Maryland Thoroughbred Horsemen's Association Inc. actively strengthens the fabric of the racing community while promoting the welfare and interests of its members.
This information is meant to be a general summary of Maryland Thoroughbred Horsemen's Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $28,013
- Program Service Revenue: $1,791,831
- Gross Receipts: $2,044,013
Assets and Liabilities:
- Total Assets: $1,772,289
- Total Liabilities: $0
- Net Assets: $1,772,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HORSEMEN'S PURSE MONEY
Revenue
$1,281,697
GATE FEES
Revenue
$345,090
OTHER PROGRAM SERVICES
Revenue
$85,044
COUNSELING PROGRAM
Revenue
$80,000
Organization Details
Founding Year
1986
Principal Officer
Katharine M Voss
Website
www.mdhorsemen.comNTEE Category
Code: N50 - Recreation
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