Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Maryland Racing Media
EIN 52-2289797 • 501(c)3 • Bel Air, MD
Profile
The primary exempt purpose of the maryland racing media charitable foundation, inc. Is to award college scholarships to generally low-paid workers on the backstretch of maryland thoroughbred tracks and training centers and at thoroughbred farms throughout the state of maryland. These are farm or stable hands, hot walkers, grooms and exercise riders who work long hours for little pay and sometimes at great risk alongside or on the backs of powerful thoroughbreds. The backstretch is where the thoroughbred horses that race are stabled. The foundation helps promising applicants to pursue higher education by providing financial assistance in the form of scholarships.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
93rd percentile
Higher net margin than 93% 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
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Balance Sheet
Assets
Down$29,033
Down $12 (-0.0%) from 2022
Liabilities
$0
No earlier filing loaded for comparison.
Net Assets
-
No earlier filing loaded for comparison.
Revenue
Down$3
Down $124 (-98%) from 2022
Expenses
Down$14
Down $254 (-95%) from 2022
Net Income
Up-$11
Up $130 (+92%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZSummary only. Only limited summary data is available for this year.
- Assets
- $29,033
- Liabilities
- $0
- Net assets
- -
- Revenue
- $3
- Expenses
- $14
- Net income
- -$11
Latest Detailed Filing
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2020 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Apr 22, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $1,173
Mission and Program Overview
Mission
The primary exempt purpose of the maryland racing media charitable foundation, inc. Is to award college scholarships to workers on the backstretch of maryland thoroughbred tracks and training centers and at thoroughbred farms throughout the state of maryland. These are farm or stable hands, hot walkers, grooms and exercise riders who work long hours for little pay and sometimes at great risk alongside or on the backs of powerful thoroughbreds. The backstretch is where the thoroughbred horses that race are stabled. The foundation helps promising applicants to pursue higher education by providing financial assistance in the form of scholarships.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SCHOLARSHIPS AWARDED | $5,000 | $5,012 |
| EDUCATION AND SCHOLARSHIPS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| FRANK VESPE | President | - | $0 | - | - |
| JOE CLANCY | Vice Preside | - | $0 | - | - |
| MICHAEL PONS | Treasurer | - | $0 | - | - |
| TOM LAMARRA | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Maryland Racing Media
- EIN
- 52-2289797
- Phone
- 4108791952
- Address
- P O BOX 107, BEL AIR, MD 21014-0107
Signing Officer
- Name
- Michael Pons
- Title
- Treasurer
- Phone
- 4108791952
- Signed
- 2021-04-22
- Discuss with paid preparer
- Yes
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 printing & duplicating 12 total 12”
Form 990-ez, Part I, Line 20
“Unrealized gain on investments 1,035”
Form 990-ez, Part III
“The primary exempt purpose of the maryland racing media charitable foundation, inc. Is to award college scholarships to workers on the backstretch of maryland thoroughbred tracks and training centers and at thoroughbred farms throughout the state of maryland. These are farm or stable hands, hot walkers, grooms and exercise riders who work long hours for little pay and sometimes at great risk alongside or on the backs of powerful thoroughbreds. The backstretch is where the thoroughbred horses that race are stabled. The foundation helps promising applicants to pursue higher education by providing financial assistance in the form of scholarships.”
Form 990-ez, Part III, Line 31
“SCHOLARSHIPS AWARDED”
Raw XML Appendix163 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/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PRIMARY EXEMPT PURPOSE OF THE MARYLAND RACING MEDIA CHARITABLE FOUNDATION, INC. IS TO AWARD COLLEGE SCHOLARSHIPS TO WORKERS ON THE BACKSTRETCH OF MARYLAND THOROUGHBRED TRACKS AND TRAINING CENTERS AND AT THOROUGHBRED FARMS THROUGHOUT THE STATE OF MARYLAND. THESE ARE FARM OR STABLE HANDS, HOT WALKERS, GROOMS AND EXERCISE RIDERS WHO WORK LONG HOURS FOR LITTLE PAY AND SOMETIMES AT GREAT RISK ALONGSIDE OR ON THE BACKS OF POWERFUL THOROUGHBREDS. THE BACKSTRETCH IS WHERE THE THOROUGHBRED HORSES THAT RACE ARE STABLED. THE FOUNDATION HELPS PROMISING APPLICANTS TO PURSUE HIGHER EDUCATION BY PROVIDING FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS. |
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| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 5012 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 5012 |
| IRS990EZ/TotalRevenueAmt | 0 | 1173 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 275 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 360 |
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| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.01000 |
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| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.98950 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99440 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 31475 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES PRINTING & DUPLICATING 12 TOTAL 12 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | UNREALIZED GAIN ON INVESTMENTS 1,035 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE PRIMARY EXEMPT PURPOSE OF THE MARYLAND RACING MEDIA CHARITABLE FOUNDATION, INC. IS TO AWARD COLLEGE SCHOLARSHIPS TO WORKERS ON THE BACKSTRETCH OF MARYLAND THOROUGHBRED TRACKS AND TRAINING CENTERS AND AT THOROUGHBRED FARMS THROUGHOUT THE STATE OF MARYLAND. THESE ARE FARM OR STABLE HANDS, HOT WALKERS, GROOMS AND EXERCISE RIDERS WHO WORK LONG HOURS FOR LITTLE PAY AND SOMETIMES AT GREAT RISK ALONGSIDE OR ON THE BACKS OF POWERFUL THOROUGHBREDS. THE BACKSTRETCH IS WHERE THE THOROUGHBRED HORSES THAT RACE ARE STABLED. THE FOUNDATION HELPS PROMISING APPLICANTS TO PURSUE HIGHER EDUCATION BY PROVIDING FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SCHOLARSHIPS AWARDED |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL PONS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4108791952 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-04-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MARYLAND RACING MEDIA |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CHARITABLE FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARY |
| ReturnHeader/Filer/EIN | 0 | 522289797 |
| ReturnHeader/Filer/PhoneNum | 0 | 4108791952 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 107 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BEL AIR |
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| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 210140107 |
| 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 | 2021-05-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CRAIG S GEGOREK |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2021-05-03T09:49:16-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MICHAEL |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | PONS |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.