Overview
What is Maryland Racing Media Charitable Foundation Inc?
The Maryland Racing Media Charitable Foundation Inc is a nonprofit organization that primarily focuses on offering college scholarships to individuals who hold low-paying jobs within the backstretch of Maryland's thoroughbred racetracks and training centers, as well as thoroughbred farms. This foundation aims to support these underprivileged workers in their pursuit of higher education, thereby contributing to their personal growth and development.
Is Maryland Racing Media Charitable Foundation Inc legitimate?
Maryland Racing Media Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Racing Media Charitable Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of Maryland Racing Media Charitable Foundation Inc?
The Maryland Racing Media Charitable Foundation Inc., in line with its primary exempt purpose, aims to grant college scholarships to workers who typically have low remuneration in the backstretch of Maryland's thoroughbred racing tracks, training centers, and thoroughbred farms. By providing educational opportunities, the foundation seeks to uplift and empower these individuals, potentially improving their livelihoods and prospects.
Who is the CEO of Maryland Racing Media Charitable Foundation Inc?
Frank Vespe is the President of Maryland Racing Media Charitable Foundation Inc.
What is the revenue of Maryland Racing Media Charitable Foundation Inc?
Maryland Racing Media Charitable Foundation Inc's revenue in 2022 was $127.
Who are the executives of Maryland Racing Media Charitable Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990EZ for Maryland Racing Media Charitable Foundation Inc?
Maryland Racing Media Charitable Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Maryland Racing Media Charitable Foundation Inc
Maryland Racing Media Charitable Foundation Inc is dedicated to serving the educational needs of the less privileged workers in the Maryland thoroughbred racing industry. Their primary mission involves awarding college scholarships to individuals who work on the backstretch of Maryland's thoroughbred tracks, training centers, and thoroughbred farms. By providing these scholarships, the foundation aims to uplift the economic prospects of these individuals, enabling them to pursue higher education and improve their livelihoods. The Maryland Racing Media Charitable Foundation Inc's initiative is a testament to its commitment towards supporting the underprivileged workers in the thoroughbred racing industry, contributing to their personal growth and overall well-being.
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Impact
October, 2024
Maryland Racing Media Charitable Foundation Inc significantly impacts the lives of low-paid workers in the thoroughbred racing industry by providing college scholarships. These scholarships are specifically aimed at individuals working on the backstretch of Maryland's racetracks, training centers, and thoroughbred farms. By facilitating access to education, the Foundation empowers these workers to pursue higher learning opportunities, enhancing their skills and career prospects. This initiative not only fosters personal and professional growth for the recipients but also contributes to the overall welfare of the community surrounding the thoroughbred industry in Maryland.
This information is meant to be a general summary of Maryland Racing Media Charitable Foundation 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 2022.
- Investment Income: $127
- Gross Receipts: $127
Assets and Liabilities:
- Total Assets: $29,045
- Total Liabilities: $0
- Net Assets: $29,045
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Organization Details
Phone
(410) 879-1952Principal Officer
Frank Vespe
Main Address
P O BOX 107, BEL AIR, MD, 210140107
NTEE Category
Code: B82 - Education
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