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Maryland Standardbred Horsemen's Assistance Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522345300 ✦ Temple hills, MD ✦ Designated as a 501(c)(3)

Overview

What is Maryland Standardbred Horsemen's Assistance Fund Inc?

Maryland Standardbred Horsemen's Assistance Fund Inc is a charitable organization situated in Temple Hills, Maryland. Its primary objective is to provide aid and assistance to Standardbred horsemen and their families, utilizing funds collected from fines imposed by the Maryland Racing Commission. The Fund's mission is deeply rooted in supporting the wellbeing of Standardbred horsemen, offering a safety net during challenging times. With a small team of dedicated individuals, the organization strives to make a significant impact in the lives of those involved in the Standardbred horse racing community.


Is Maryland Standardbred Horsemen's Assistance Fund Inc legitimate?

Maryland Standardbred Horsemen's Assistance Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Standardbred Horsemen's Assistance Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,000

For more financial information, click here


What is the mission statement of Maryland Standardbred Horsemen's Assistance Fund Inc?
Who is the CEO of Maryland Standardbred Horsemen's Assistance Fund Inc?
What is the revenue of Maryland Standardbred Horsemen's Assistance Fund Inc?
Who are the executives of Maryland Standardbred Horsemen's Assistance Fund Inc and what are their salaries?
Where can I find the form 990 for Maryland Standardbred Horsemen's Assistance Fund Inc?

Mission Statement of Maryland Standardbred Horsemen's Assistance Fund Inc

The Maryland Standardbred Horsemen's Assistance Fund Inc is an organization that has a mission to utilize fines imposed by the Maryland Racing Commission for the charitable benefit and aid of Standardbred horsemen and their families. In simpler terms, this nonprofit uses financial penalties to offer assistance and support to Standardbred horse trainers and their families who may be facing difficulties. The primary goal of the Maryland Standardbred Horsemen's Assistance Fund Inc is to provide charitable aid and benefit to those involved in the Standardbred horse racing industry in Maryland.

Impact

This information is meant to be a general summary of Maryland Standardbred Horsemen's Assistance Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, August 4, 2024

Maryland Standardbred Horsemen's Assistance Fund Inc provides critical support and assistance to standardbred horsemen and their families in Maryland. By utilizing funds derived from fines assessed by the Maryland Racing Commission, this organization offers charitable benefits and aid to those involved in the standardbred racing industry. Through their mission, they help improve the welfare and livelihoods of standardbred horsemen, ensuring they receive the necessary support during challenging times. Their impact is evident in the tangible assistance and resources they provide to the standardbred community, making a positive difference in the lives of individuals dedicated to this industry.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $940
  • Program Service Revenue: $15,000
  • Gross Receipts: $59,773

    • Assets and Liabilities:
  • Total Assets: $162,091
  • Total Liabilities: $0
  • Net Assets: $162,091
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    HORSEMEN FINES

    Revenue

    $15,000

    Organization Details

    Founding Year

    2001

    Principal Officer

    Sharon L Roberts

    Main Address

    PO BOX 1732, TEMPLE HILLS, MD, 20757

    NTEE Category

    Code: T20 - Philanthropy

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