Civic Intelligence

Maryland Million Ltd

990 • Fiscal year 2017 • EIN 52-1405980

Nov 01, 2016 to Oct 31, 2017 • Filed on Jun 29, 2018

Organization ProfileWWW.MARYLANDTHOROUGHBRED.COM
PO Box 365Timonium, MD 21094

(410) 252-2100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.76x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.71x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

2.9%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

40th percentile

2.5%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

1.3%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$1,668,770

Up $40,562 (+2.5%) from 2016

Net Assets

Up

$397,604

Up $51,993 (+15%) from 2016

Liabilities

Down

$1,271,166

Down $11,431 (-0.9%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin47th percentile

Revenue

Up

$1,795,287

Up $23,706 (+1.3%) from 2016

Expenses

Up

$1,743,294

Up $110,448 (+6.8%) from 2016

Net Income

Down

$51,993

Down $86,742 (-63%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $907,879Liabilities 2010: $726,706Net Assets 2010: $181,1732010Assets 2011: $995,402Liabilities 2011: $810,210Net Assets 2011: $185,1922011Assets 2012: $1,209,578Liabilities 2012: $1,017,639Net Assets 2012: $191,9392012Assets 2013: $1,468,316Liabilities 2013: $1,276,310Net Assets 2013: $192,0062013Assets 2014: $1,455,780Liabilities 2014: $1,262,798Net Assets 2014: $192,9822014Assets 2015: $1,547,651Liabilities 2015: $1,340,775Net Assets 2015: $206,8762015Assets 2016: $1,628,208Liabilities 2016: $1,282,597Net Assets 2016: $345,6112016Assets 2017: $1,668,770Liabilities 2017: $1,271,166Net Assets 2017: $397,6042017Assets 2018: $1,730,031Liabilities 2018: $1,332,483Net Assets 2018: $397,5482018Assets 2019: $1,697,625Liabilities 2019: $1,299,530Net Assets 2019: $398,0952019Assets 2020: $1,455,674Liabilities 2020: $1,057,395Net Assets 2020: $398,2792020Assets 2021: $1,738,943Liabilities 2021: $1,089,004Net Assets 2021: $649,9392021Assets 2022: $1,964,971Liabilities 2022: $1,170,187Net Assets 2022: $794,7842022Assets 2023: $1,337,904Liabilities 2023: $400,647Net Assets 2023: $937,2572023Assets 2025: $1,254,194Liabilities 2025: $108,489Net Assets 2025: $1,145,7052025

Highlighted filing

2017

Assets$1,668,770
Liabilities$1,271,166
Net Assets$397,604
Open 2017 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,817,0882010Expenses 2011: $1,688,7772011Expenses 2012: $1,762,2972012Expenses 2013: $1,596,1602013Revenue 2014: $1,635,501Expenses 2014: $1,634,525Net Income 2014: $9762014Revenue 2015: $1,704,610Expenses 2015: $1,690,716Net Income 2015: $13,8942015Revenue 2016: $1,771,581Expenses 2016: $1,632,846Net Income 2016: $138,7352016Revenue 2017: $1,795,287Expenses 2017: $1,743,294Net Income 2017: $51,9932017Revenue 2018: $1,863,338Expenses 2018: $1,863,394Net Income 2018: -$562018Revenue 2019: $1,936,648Expenses 2019: $1,936,101Net Income 2019: $5472019Revenue 2020: $1,413,381Expenses 2020: $1,413,197Net Income 2020: $1842020Revenue 2021: $1,770,484Expenses 2021: $1,518,824Net Income 2021: $251,6602021Revenue 2022: $1,752,570Expenses 2022: $1,607,725Net Income 2022: $144,8452022Revenue 2023: $1,747,016Expenses 2023: $1,604,543Net Income 2023: $142,4732023Revenue 2025: $1,594,215Expenses 2025: $1,565,820Net Income 2025: $28,3952025

Highlighted filing

2017

Revenue$1,795,287
Expenses$1,743,294
Net Income$51,993
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Jun 29, 2018
Return Version
2016v3.1
Gross Receipts
$1,900,362
Mission and Program Overview

Mission

Promotion of maryland thoroughbred horse breeding and racing industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,138,568$1,202,508▲ $63,940
Accounts Receivable$447,220$423,842▼ $23,378
Prepaid Expenses and Deferred Charges$2,970$2,970→ $0
Total Assets$1,628,208$1,668,770▲ $40,562
Other Assets Total$39,450$39,450→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,155,807$1,168,566▲ $12,759
Other Liabilities$126,790$102,600▼ $24,190
Total Liabilities$1,282,597$1,271,166▼ $11,431
Net Assets / Fund Balance
Unrestricted Net Assets$345,611$397,604▲ $51,993
Total Net Assets Fund Balance$345,611$397,604▲ $51,993
Total Liabilities and Net Assets / Fund Balance$1,628,208$1,668,770▲ $40,562
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
James B Steele JrPresident
Ann MerrymanDirector
Donald DeanDirector
Donald a Miller JrDirector
Kent a MurrayDirector
Michael PonsDirector
PAUL O'LOUGHLINDirector
R Larry JohnsonDirector
Sal SinatraDirector
Timothy L KeefeDirector
Wayne a HarrisonDirector
Will AlbertsDirector
Willie WhiteDirector
Katharine M VossSecretary Tr
Louis MerrymanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$618,248
Program Service Revenue
$1,216,207
Investment Income
$1,594
Other Revenue
$-40,762
All Other Contributions
$31,795
Change in Net Assets
$51,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,795,287
Revenue Not Reported on Form 990
$105,074
Total Revenue per Audited Statements
$1,900,361
Total Revenue per Form 990
$1,795,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,743,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$32,300--$32,300
Advertising$22,144--$22,144
Fees for Services Accounting$17,745--$17,745
Other Expenses$16,081--$16,081
Office Expenses$7,698--$7,698
Insurance$3,564--$3,564
Total Functional Expenses$1,743,294$0$0$1,743,294

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,848,368
Expenses per Audited Statements$1,743,294
Total Expenses per Form 990$1,743,294
Expenses Not Reported on Form 990$105,074
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$81,823
Fundraising Gross Income$42,913
Gaming Direct Expenses$23,252
Gaming Gross Income$21,400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$25,013$25,013$22,998$2,015
Gala$17,900$17,900$58,825$-40,925
Total Events$42,913$42,913$81,823$-38,910
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Committed Purses$102,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Maryland million, ltd. Is oganized with members or stockholers.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed in detail with the executive director and then with the board of directors. The board of directors vote on the proposal to approve the form 990.”

Form 990, Page 6, Part VI, Line 12C

“Each director and officer reviews 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 organization 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, at the discretion of the board of directors, be removed from the board.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Maryland Million Ltd
EIN
52-1405980
Phone
4102522100
Address
PO BOX 365, TIMONIUM, MD 21094

Signing Officer

Name
Cricket Goodall
Title
Executive Director
Phone
4102522100
Signed
2018-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cricket Goodall
Formed
1985
Legal Domicile
Md
Voting Board Members
21
Independent Board Members
21
Employees
0

Preparer

Firm
Gegorek & Company Pa
Address
1321 GENERALS HWY 303, CROWNSVILLE, MD 21032-6019
Preparer
Craig S Gegorek
Phone
4108234040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Special event expenses - page 1 line 11 105,074 special event expense - page 1, line 11 -105,074”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization believes that it has support for any tax positions taken and, as such, it does not have any uncertain tax positions that are material to the financial statements.”

Schedule D, Page 4, Part XI, Line 2D

“Special event expenses - page 1 line 11 105,074”

Schedule D, Page 4, Part XII, Line 2D

“Special event expense - page 1, line 11 105,074”

Raw XML AppendixShowing 400 of 491 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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IRS990/OfficeExpensesGrp/TotalAmt07698
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt039450
IRS990/OtherAssetsTotalGrp/EOYAmt039450
IRS990/OtherExpensesGrp/Desc0PURSES
IRS990/OtherExpensesGrp/Desc1RACE DAY EVENTS
IRS990/OtherExpensesGrp/Desc2MHB SERVICE FEE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt01193760
IRS990/OtherExpensesGrp/ProgramServicesAmt1306002
IRS990/OtherExpensesGrp/ProgramServicesAmt2144000
IRS990/OtherExpensesGrp/ProgramServicesAmt316081
IRS990/OtherExpensesGrp/TotalAmt01193760
IRS990/OtherExpensesGrp/TotalAmt1306002
IRS990/OtherExpensesGrp/TotalAmt2144000
IRS990/OtherExpensesGrp/TotalAmt316081
IRS990/OtherLiabilitiesGrp/BOYAmt0126790
IRS990/OtherLiabilitiesGrp/EOYAmt0102600
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02970
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02970
IRS990/PrincipalOfficerNm0CRICKET GOODALL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RACING ACT
IRS990/ProgramServiceRevenueGrp/Desc1MARYLAND BRED RACE FUND
IRS990/ProgramServiceRevenueGrp/Desc2PRE-ENTRY/ENTRY FEES
IRS990/ProgramServiceRevenueGrp/Desc3HORSEMEN'S CONTRIBUTION
IRS990/ProgramServiceRevenueGrp/Desc4SIMULCAST REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0448847
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1287367
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2213730
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt392823
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt482478
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0448847
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1287367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2213730
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt392823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt482478
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0560857
IRS990/PYInvestmentIncomeAmt01428
IRS990/PYOtherExpensesAmt01632846
IRS990/PYOtherRevenueAmt0-40687
IRS990/PYProgramServiceRevenueAmt01249983
IRS990/PYRevenuesLessExpensesAmt0138735
IRS990/PYTotalExpensesAmt01632846
IRS990/PYTotalRevenueAmt01771581
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt051993
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/DuesAssessmentsAmt0113850
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0105074
IRS990ScheduleD/ExpensesSubtotalAmt01743294
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0105074
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0102600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMMITTED PURSES
IRS990ScheduleD/OtherRevenueAmt0105074
IRS990ScheduleD/RevenueNotReportedAmt0105074
IRS990ScheduleD/RevenueSubtotalAmt01795287
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES THAT IT HAS SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES - PAGE 1 LINE 11 105,074
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE - PAGE 1, LINE 11 105,074
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt01743294
IRS990ScheduleD/TotalLiabilityAmt0102600
IRS990ScheduleD/TotalRevenuePerForm990Amt01795287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01900361
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01848368
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt081823
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025013
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025013
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt042913
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-38910
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt081823
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022998
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt058825
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt023252
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt021400
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt021400
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0-1852
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt023252
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt023252
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0true
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingPct01.00000
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0NICOLE HART-RICHARDSON
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 365
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0TIMONIUM
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MD
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd021094
IRS990ScheduleG/StatesWhereGamingConductedCd0MD
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARYLAND MILLION, LTD. IS OGANIZED WITH MEMBERS OR STOCKHOLERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED IN DETAIL WITH THE EXECUTIVE DIRECTOR AND THEN WITH THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS VOTE ON THE PROPOSAL TO APPROVE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR AND OFFICER REVIEWS 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 ORGANIZATION 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, AT THE DISCRETION OF THE BOARD OF DIRECTORS, BE REMOVED FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENT EXPENSES - PAGE 1 LINE 11 105,074 SPECIAL EVENT EXPENSE - PAGE 1, LINE 11 -105,074
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MARYLAND HORSE BREEDERS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0520580070
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 427
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TIMONIUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd021094
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,668,770
Liabilities
$1,271,166
Net assets
$397,604
Revenue
$1,795,287
Expenses
$1,743,294
Net income
$51,993
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.11$1.15$1.59$1.57$0.03
2023Summary only. Only limited summary data is available for this year.$1.34$0.40$0.94$1.75$1.60$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$1.17$0.79$1.75$1.61$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.74$1.09$0.65$1.77$1.52$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$1.06$0.40$1.41$1.41$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$1.30$0.40$1.94$1.94$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$1.33$0.40$1.86$1.86$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.67$1.27$0.40$1.80$1.74$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$1.28$0.35$1.77$1.63$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.55$1.34$0.21$1.70$1.69$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.46$1.26$0.19$1.64$1.63$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$1.28$0.19$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.02$0.19$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.81$0.19$1.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.73$0.18$1.82