Maryland Horse Breeders Association Inc

“The form 990 is reviewed in detail with the executive director and independent cpa firm, copies of the form 990 is then presented to the board of directors for review, discussion and acceptance.”

“Each director and officer signs an annual disclosure statement which affirms that the person has received a copy of the conflict of interest policy, has read and understood the policy and agrees to comply with the policy. All annual disclosure statements are submitted to the secretary of the association and filed with the minutes of the first board meeting of the board of directors held each year. Any director who fails to comply with the conflict of interest policy may, in the discretion of the board of directors, be removed from the board.”

“Executive director's salary is compared to other similar organizations and to the baltimore market, the president has final approval of compensation.”

“Copies of governing documents, conflict of interest policy, and financial statements are available at the organization's office upon request.”

“To encourage, promote, protect and improve the horse breeding industry in maryland. While the emphasis has been placed on the production of thoroughbred race horses, the mhba encourages all sports relating to the use of the horse.”

“The maryland horse breeders association (mhba) utilizes publications as a means of promoting the horse industry and encouraging horse breeding and participation in horse sports. The mhba publishes the "mid-atlantic thoroughbred", a four-color monthly magazine that covers racing and breeding in maryland and throughout the region. In addition, mhba publishes an annual guide to thoroughbred farms in maryland and various posters, brochures and guides that educate the public about racing and breeding in the state of maryland.”

“Special event expenses netted against revenue on page 1 41,601 special event expenses net against revenue on page 1 -41,601”