Liabilities / Assets
70th percentile
Higher debt load relative to assets than 70% of similar nonprofits.
EIN 47-3558991 • 501(c)3 • Owings Mills, MD
Profile
The foundation is a charitable organization established to provide financial assistance for extraordinary circumstances to eligible individuals actively working at maryland race tracks and/or thoroughbred farms.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
70th percentile
Higher debt load relative to assets than 70% of similar nonprofits.
Liabilities / Revenue
78th percentile
Higher debt load relative to revenue than 78% of similar nonprofits.
Net Margin
17th percentile
Higher net margin than 17% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
38th percentile
Faster asset growth than 38% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Assets
Down$121,992
Down $17,108 (-12%) from 2023
Liabilities
Up$2,282
Up $557 (+32%) from 2023
Net Assets
Down$119,710
Down $17,665 (-13%) from 2023
Revenue
Up$47,856
Up $22,570 (+89%) from 2023
Expenses
Up$65,521
Up $13,897 (+27%) from 2023
Net Income
Up-$17,665
Up $8,673 (+33%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
To receive and administer funds to benefit, aid and provide assistance and relief to persons employed in connection with the racing of horses and the horse racing industry in maryland and their families, who for any reason are in need of financial assistance.
The foundation is a charitable organization established to provide financial assistance for extraordinary circumstances to eligible individuals actively working at maryland race tracks and/or thoroughbred farms.
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE INDIVIDUALS ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS. | - | $63,746 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KARIN M DEFRANCIS | Director | - | $0 | - | - |
| DONALD H BARR | Director | - | $0 | - | - |
| LINDA S GAUDET | President | - | $0 | - | - |
| TIMOTHY L KEEFE | Director | - | $0 | - | - |
| PHILIP SCHOENTHAL | Director | - | $0 | - | - |
| RICHARD HOFFBERGER | Director | - | $0 | - | - |
| JOHN B FRANZONE | Director | - | $0 | - | - |
| GEORGANNE HALE | Director | - | $0 | - | - |
| JOANN HAYDEN | Direcctor | - | $0 | - | - |
“Expenses bank fees 105 insurance 1,953 burials 5,287 doctors 7,993 administrative expenses 8,684 hospitals 931 living expenses 19,162 dental 17,675 scholarships 1,956 total 63,746”
“OTHER 1,725 2,282”
“The foundation is a charitable organization established to provide financial assistance for extraordinary circumstances to eligible individuals actively working at maryland race tracks and/or thoroughbred farms.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | ROSEMARY LISHIA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4109026842 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 500 REDLAND COURT SUITE 105 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | OWINGS MILLS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21117 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 139100 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 121992 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 43894 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -17665 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1775 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 139100 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 121992 |
| IRS990EZ/GrossReceiptsAmt | 0 | 47856 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 3962 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 137375 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 119710 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 137375 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 119710 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KARIN M DEFRANCIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DONALD H BARR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | LINDA S GAUDET |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TIMOTHY L KEEFE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | PHILIP SCHOENTHAL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | RICHARD HOFFBERGER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | JOHN B FRANZONE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | GEORGANNE HALE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | JOANN HAYDEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | DIRECCTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 63746 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION IS A CHARITABLE ORGANIZATION ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE INDIVIDUALS ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE INDIVIDUALS ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 63746 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1725 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2282 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 65521 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 63746 |
| IRS990EZ/TotalRevenueAmt | 0 | 47856 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 43894 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 13683 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 19178 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 59229 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 136484 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 3962 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 2238 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 6200 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 3962 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 11603 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25945 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 30071 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 18458 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 90039 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 3962 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 2238 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 6200 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.03000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.01000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.97340 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.98590 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 226523 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 47856 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 25286 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26445 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49249 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 77687 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 226523 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 51818 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 27524 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 26445 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 49249 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 77687 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 232723 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES BANK FEES 105 INSURANCE 1,953 BURIALS 5,287 DOCTORS 7,993 ADMINISTRATIVE EXPENSES 8,684 HOSPITALS 931 LIVING EXPENSES 19,162 DENTAL 17,675 SCHOLARSHIPS 1,956 TOTAL 63,746 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OTHER 1,725 2,282 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FOUNDATION IS A CHARITABLE ORGANIZATION ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE INDIVIDUALS ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LINDA S GAUDET |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4109026842 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MARYLAND HORSEMEN'S ASSISTANCE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARY |
| ReturnHeader/Filer/EIN | 0 | 473558991 |
| ReturnHeader/Filer/PhoneNum | 0 | 4109026842 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 500 REDLAND COURT SUITE 105 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | OWINGS MILLS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 21117 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 262884272 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GEGOREK & COMPANY PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 136 HEATHER DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | QUEENSTOWN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 216581194 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4108234040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CRAIG S GEGOREK |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-05-02T15:33:26-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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