Nonprofit · EIN 52-1054299
HIPPODROME FOUNDATION INC
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,242,777 | $3,853,185 | $1,389,592 | $24,929,139 | $398,777 | $24,530,362 |
| June 30, 2024 | 990 | $3,791,978 | $3,336,067 | $455,911 | $23,588,375 | $408,446 | $23,179,929 |
| June 30, 2023 | 990 | $12,259,696 | $2,552,105 | $9,707,591 | $23,785,651 | $1,291,838 | $22,493,813 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,693,023
- of which government grants
- $1,749,640
- Program service revenue
- $2,296,204
- Investment income
- $239,506
- Net gain from sales of assets
- $178,696
- Other revenue
- $14,044
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $265,615
- Other salaries and wages
- $334,179
- Salaries, compensation and benefits (total)
- $689,042
- Professional fundraising fees
- $0
- Legal fees
- $56,487
- Accounting fees
- $19,539
- Occupancy
- $400,242
- Depreciation
- $548,053
- Program services (functional)
- $2,965,019
- Management and general (functional)
- $774,955
- Fundraising (functional)
- $113,211
Balance sheet and other
- Total assets, start of year
- $23,588,375
- Total assets, end of year
- $24,929,139
- Total liabilities, end of year
- $398,777
- Net assets, end of year
- $24,530,362
- Land, buildings and equipment
- $19,639,745
- Publicly traded securities
- $2,418,860
- Net assets without donor restrictions
- $22,059,741
- Net assets with donor restrictions
- $2,470,621
- Gross receipts
- $5,442,463
- Employees
- 51
- Volunteers
- 700
- Year formed
- 1976
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLIVE WAXTER | PRESIDENT Trustee or director, Officer | 40 | $211,100 | $54,515 |
| ANTHONY L JENKINS PHD | MEMBER Trustee or director | 5 | $0 | $0 |
| ARTHUR F BELL JR | MEMBER Trustee or director | 5 | $0 | $0 |
| BROOKS AMIOT | OUTGOING-MEMBER Trustee or director | 5 | $0 | $0 |
| BRUCE JARRELL | MEMBER Trustee or director | 5 | $0 | $0 |
| DENISE GALAMBOS | MEMBER Trustee or director | 5 | $0 | $0 |
| DENNIS H WEINMAN | MEMBER Trustee or director | 5 | $0 | $0 |
| DONALD HICKEN | OUTGOING-MEMBER Trustee or director | 5 | $0 | $0 |
| HERBERT D FRERICHS JR | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| J MICHAEL RILEY | MEMBER Trustee or director | 5 | $0 | $0 |
| JONATHAN M GENN | MEMBER Trustee or director | 5 | $0 | $0 |
| KEITH CAMPBELL | MEMBER Trustee or director | 5 | $0 | $0 |
| KURT L SCHMOKE | MEMBER Trustee or director | 5 | $0 | $0 |
| MELISSA O MARTINEZ ESQ | MEMBER Trustee or director | 5 | $0 | $0 |
| MICHAEL E CRYOR | MEMBER Trustee or director | 5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE L WHELLEY | OUTGOING-MEMBER Trustee or director | 5 | $0 |
| NEIL M MELTZER | MEMBER Trustee or director | 5 | $0 |
| NICHOLE BACCALA WARD | MEMBER Trustee or director | 5 | $0 |
| PHYLICIA PORTER | MEMBER Trustee or director | 5 | $0 |
| ROBERT G MERRICK III | MEMBER Trustee or director | 5 | $0 |
| THOMAS REGNANTE | MEMBER Trustee or director | 5 | $0 |
| WALTER D PINKARD JR | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ZACHARY D SHANKMAN | MEMBER Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLIVE WAXTER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $233,400 | $51,501 |
| ANTHONY L JENKINS PHD | MEMBER Trustee or director | 5 | $0 | $0 |
| ARTHUR F BELL JR | MEMBER Trustee or director | 5 | $0 | $0 |
| BROOKS AMIOT | MEMBER Trustee or director | 5 | $0 | $0 |
| BRUCE JARRELL | MEMBER Trustee or director | 5 | $0 | $0 |
| DENISE GALAMBOS | MEMBER Trustee or director | 5 | $0 | $0 |
| DENNIS H WEINMAN | MEMBER Trustee or director | 5 | $0 | $0 |
| DONALD C FRY | OUTGOING-MEMBER Trustee or director | 5 | $0 | $0 |
| DONALD HICKEN | MEMBER Trustee or director | 5 | $0 | $0 |
| HERBERT D FRERICHS JR | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| J MICHAEL RILEY | MEMBER Trustee or director | 5 | $0 | $0 |
| JONATHAN M GENN | MEMBER Trustee or director | 5 | $0 | $0 |
| KEITH CAMPBELL | MEMBER Trustee or director | 5 | $0 | $0 |
| KOFI OFORI | OUTGOING-MEMBER Trustee or director | 5 | $0 | $0 |
| KURT L SCHMOKE | MEMBER Trustee or director | 5 | $0 | $0 |
| MELISSA O MARTINEZ ESQ | MEMBER Trustee or director | 5 | $0 | $0 |
| MICHAEL E CRYOR | MEMBER Trustee or director | 5 | $0 | $0 |
| MICHELE L WHELLEY | MEMBER Trustee or director | 5 | $0 | $0 |
| NEIL M MELTZER | MEMBER Trustee or director | 5 | $0 | $0 |
| NICHOLE BACCALA | MEMBER Trustee or director | 5 | $0 | $0 |
| PHYLICLIA PORTER | MEMBER Trustee or director | 5 | $0 | $0 |
| ROBERT G MERRICK III | MEMBER Trustee or director | 5 | $0 | $0 |
| TOM REGNANTE | MEMBER Trustee or director | 5 | $0 | $0 |
| WALTER D PINKARD JR | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| ZACHARY D SHANKMAN | MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLIVE WAXTER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $156,624 | $48,828 |
| ARTHUR F BELL JR | MEMBER Trustee or director | 5 | $0 | $0 |
| BROOKS AMIOT | MEMBER Trustee or director | 5 | $0 | $0 |
| DENISE GALAMBOS | MEMBER Trustee or director | 5 | $0 | $0 |
| DONALD C FRY | MEMBER Trustee or director | 5 | $0 | $0 |
| DONALD HICKEN | MEMBER Trustee or director | 5 | $0 | $0 |
| HERBERT D FRERICHS JR | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| J MICHAEL RILEY | MEMBER Trustee or director | 5 | $0 | $0 |
| JONATHAN M GENN | MEMBER Trustee or director | 5 | $0 | $0 |
| KURT L SCHMOKE | MEMBER Trustee or director | 5 | $0 | $0 |
| MICHAEL E CRYOR | MEMBER Trustee or director | 5 | $0 | $0 |
| MICHELE L WHELLEY | MEMBER Trustee or director | 5 | $0 | $0 |
| NEIL M MELTZER | MEMBER Trustee or director | 5 | $0 | $0 |
| NICHOLE BACCALA | MEMBER Trustee or director | 5 | $0 | $0 |
| ROBERT G MERRICK III | MEMBER Trustee or director | 5 | $0 | $0 |
| WALTER D PINKARD JR | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| ZACHARY D SHANKMAN | MEMBER Trustee or director | 5 | $0 | $0 |
| KEITH CAMPBELL | MEMBER Trustee or director | 5 | $0 | $0 |
| DENNIS H WEINMAN | MEMBER Trustee or director | 5 | $0 | $0 |
| BRUCE JARRELL | MEMBER Trustee or director | 5 | $0 | $0 |
| ANTHONY L JENKINS PHD | MEMBER Trustee or director | 5 | $0 | $0 |
| MELISSA O MARTINEZ ESQ | MEMBER Trustee or director | 5 | $0 | $0 |
| KOFI OFORI | MEMBER Trustee or director | 5 | $0 | $0 |
| TOM REGNANTE | MEMBER Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 416 W BALTIMORE ST, BALTIMORE, MD 21201-1717
- In care of
- % OLIVE WAXTER
- Principal officer (990 for 2024)
- OLIVE WAXTER, 416 WEST BALTIMORE, BALTIMORE, MD 21201
- Signed the 990
- OLIVE WAXTER, EXECUTIVE DIRECTOR
- Phone
- (410) 727-7787
- Website
- WWW.HIPPODROMEFOUNDATION.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
SEE SCHEDULE O.
Program accomplishments
- IN ADDITION TO PRESENTING THE BEST OF NATIONAL TOURING BROADWAY IN BALTIMORE, HIPPODROME FOUNDATION, INC. (HFI) IS COMMITTED TO PROVIDING ACCESS TO THE HIPPODROME - AND ALL OF ITS ASSETS - TO PEOPLE WHO LIVE IN AND VISIT MARYLAND BY PROVIDING FREE OUTREACH AND EDUCATION PROGRAMS IN THE COMMUNITY. BOARD MEMBERS AND STAFF WORK TO PROVIDE PROGRAMS THAT PROVIDE OPPORTUNITIES FOR STUDENTS OF ALL AGES THAT MAKE A DIFFERENCE IN THEIR LIVES - WHETHER AS A CAMP HIPPODROME CAMPER, AS A YOUNG CRITIC REVIEWING SHOWS, A STUDENT ATTENDING ONE OF OUR FREE MATINEES OR AS A DANCER FROM BALTIMORE SCHOOL FOR THE ARTS PARTICIPATING IN A MASTER CLASS. HFI HAS PROVIDED SERVICES TO THOUSANDS OF PEOPLE SINCE THE RE-OPENING OF THE HIPPODROME ON FEBRUARY 10, 2004.Expenses $2,965,019 · revenue $2,310,248
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1054299
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A610)
- Assets (IRS master file)
- $24,929,139
- Income (IRS master file)
- $5,442,463
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,242,777 | $3,853,185 | $24,929,139 | IRS |
| 990 | June 2024 | $3,791,978 | $3,336,067 | $23,588,375 | IRS |
| 990 | June 2023 | $12,259,696 | $2,552,105 | $23,785,651 | XML |
| 990 | June 2022 | $8,345,176 | $2,180,401 | $13,272,762 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1054299).
Questions about HIPPODROME FOUNDATION INC
- What is the EIN of HIPPODROME FOUNDATION INC?
- The employer identification number (EIN) of HIPPODROME FOUNDATION INC is 52-1054299.
- Is HIPPODROME FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to HIPPODROME FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIPPODROME FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIPPODROME FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIPPODROME FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HIPPODROME FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names OLIVE WAXTER.
- Who are the officers and directors of HIPPODROME FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 1 received compensation from the organization, the highest $211,100 (OLIVE WAXTER, PRESIDENT).
- How much revenue does HIPPODROME FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,242,777, expenses of $3,853,185 and total assets of $24,929,139 at year end.
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All nonprofits in BALTIMORE · Maryland · Arts, culture and humanities