Maryland Steeplechase Association Inc
- Assets
- $17.7k
- Revenue
- $23.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklandville, MD
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 74-3115569
Organization Overview
Maryland Steeplechase Association Inc is located in Brooklandville, MD. The organization was established in 2015. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Steeplechase Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Maryland Steeplechase Association Inc generated $23.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $26.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Wharton President | 2 | $0 | |
Crystal Pickett Vice Preside | 2 | $0 | |
Barrie B Reightler Secretary | 2 | $0 | |
Edward Worthington IV Treasurer | 2 | $0 | |
Beverly Bosselman Director | 2 | $0 | |
Brooks Boyer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,009 |
| Total Revenue | $23,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,509 |
| Other expenses | $21,218 |
| Total operating and administrative expenses | $22,727 |
| Contributions, gifts, grants paid | $3,250 |
| Total expenses and disbursements | $25,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,409 |
| Savings and temporary cash investments | $16,302 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,711 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maryland Steeplechase Association Inc has awarded $3,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JONATHAN KISER FOUNDATION PURPOSE: UNRESTRICTED | $1,250 |
EQUINE RESCUE AMBULANCE PURPOSE: UNRESTRICTED | $1,000 |
Reisterstown, MD PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Horse Center Foundation Lexington, VA | $21,949,749 | $6,089,538 |
Pennsylvania Harness Horsemens Association Chester, PA | $47,723,168 | $7,569,633 |
Upperville Colt & Horse Show Inc Upperville, VA | $4,423,395 | $3,060,055 |
Washington International Horseshow Association Ltd Annapolis, MD | $661,387 | $2,450,328 |
Meadowbrook Foundation Inc Chevy Chase, MD | $4,161,973 | $2,176,434 |
Maryland Thoroughbred Horsemans Association Owings Mills, MD | $1,933,805 | $1,645,385 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Thorncroft Equestrian Center Malvern, PA | $14,841,730 | $1,605,648 |
Virginia Gold Cup Association Inc Warrenton, VA | $148,262 | $1,262,964 |
National Steeplechase Association Inc Elkton, MD | $2,246,962 | $1,167,801 |
Dressage At Devon Downingtown, PA | $164,087 | $746,882 |
Plantation Field Equestrian Events Inc Unionville, PA | $211,293 | $521,664 |