Civic Intelligence

Maryland Horsemen'S Assistance

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.

500 Redland Court Suite 105Owings Mills, MD 21117

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

17th percentile

-37%

Higher net margin than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

38th percentile

-12%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

89%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

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

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2015: $302,638Liabilities 2015: $0Net Assets 2015: $302,6382015Assets 2016: $297,552Liabilities 2016: $0Net Assets 2016: $297,5522016Assets 2017: $276,620Liabilities 2017: $0Net Assets 2017: $276,6202017Assets 2018: $261,067Liabilities 2018: $0Net Assets 2018: $261,0672018Assets 2019: $272,195Liabilities 2019: $0Net Assets 2019: $272,1952019Assets 2020: $195,367Net Assets 2020: $195,3672020Assets 2021: $196,380Net Assets 2021: $196,3802021Assets 2022: $163,713Net Assets 2022: $163,7132022Assets 2023: $139,100Liabilities 2023: $1,725Net Assets 2023: $137,3752023Assets 2024: $121,992Liabilities 2024: $2,282Net Assets 2024: $119,7102024

Highlighted filing

2024

Assets$121,992
Liabilities$2,282
Net Assets$119,710

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $514,555Expenses 2015: $211,917Net Income 2015: $302,6382015Revenue 2016: $74,239Expenses 2016: $79,325Net Income 2016: -$5,0862016Revenue 2017: $34,461Expenses 2017: $55,393Net Income 2017: -$20,9322017Revenue 2018: $31,617Expenses 2018: $46,939Net Income 2018: -$15,3222018Revenue 2019: $145,862Expenses 2019: $134,734Net Income 2019: $11,1282019Revenue 2020: $77,687Expenses 2020: $154,515Net Income 2020: -$76,8282020Revenue 2021: $49,249Expenses 2021: $48,236Net Income 2021: $1,0132021Revenue 2022: $26,445Expenses 2022: $59,112Net Income 2022: -$32,6672022Revenue 2023: $25,286Expenses 2023: $51,624Net Income 2023: -$26,3382023Revenue 2024: $47,856Expenses 2024: $65,521Net Income 2024: -$17,6652024

Highlighted filing

2024

Revenue$47,856
Expenses$65,521
Net Income-$17,665

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.0
Gross Receipts
$47,856
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE INDIVIDUALS ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS.-$63,746
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KARIN M DEFRANCISDirector-$0--
DONALD H BARRDirector-$0--
LINDA S GAUDETPresident-$0--
TIMOTHY L KEEFEDirector-$0--
PHILIP SCHOENTHALDirector-$0--
RICHARD HOFFBERGERDirector-$0--
JOHN B FRANZONEDirector-$0--
GEORGANNE HALEDirector-$0--
JOANN HAYDENDirecctor-$0--
Filing and Contact Details

Filer

Filer Name
MARYLAND HORSEMEN'S ASSISTANCE
EIN
47-3558991
Phone
4109026842
Address
500 REDLAND COURT SUITE 105, OWINGS MILLS, MD 21117

Signing Officer

Name
Linda S Gaudet
Title
President
Phone
4109026842
Signed
2025-04-25

Preparer

Firm
Gegorek & Company Pa
Address
136 HEATHER DR, QUEENSTOWN, MD 21658-1194
Preparer
Craig S Gegorek
Phone
4108234040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

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

Form 990-ez, Part II, Line 26

OTHER 1,725 2,282

Form 990-ez, Part III

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.

Raw XML Appendix176 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RICHARD HOFFBERGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JOHN B FRANZONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7GEORGANNE HALE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JOANN HAYDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECCTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt063746
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE 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/DescriptionProgramSrvcAccomTxt0TO PROVIDE FINANCIAL ASSISTANCE FOR EXTRAORDINARY CIRCUMSTANCES TO ELIGIBLE INDIVIDUALS ACTIVELY WORKING AT MARYLAND RACE TRACKS AND/OR THOROUGHBRED FARMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt063746
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/InvestmentIncomeCYPct00.03000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0232723
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES 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/ExplanationTxt1OTHER 1,725 2,282
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA S GAUDET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04109026842
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARYLAND HORSEMEN'S ASSISTANCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MARY
ReturnHeader/Filer/EIN0473558991
ReturnHeader/Filer/PhoneNum04109026842
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 REDLAND COURT SUITE 105
ReturnHeader/Filer/USAddress/CityNm0OWINGS MILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021117
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262884272
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GEGOREK & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0136 HEATHER DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUEENSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0216581194
ReturnHeader/PreparerPersonGrp/PhoneNum04108234040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG S GEGOREK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-02T15:33:26-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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