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Nonprofit · EIN 52-1493207

MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION

Tax-exempt · OWINGS MILLS, MD 21117

Financials

$1.8M$1.8M2023$1.7M$1.9M2024$1.6M$1.7M2025
Revenue Expenses · by fiscal year end
Financials of MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,612,696$1,728,262-$115,566$1,841,308$146,428$1,694,880
December 31, 2024990$1,728,430$1,852,599-$124,169$1,854,100$71,080$1,783,020
December 31, 2023990$1,812,152$1,830,079-$17,927$1,995,161$115,773$1,879,388
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,519,838
Investment income
$92,832
Net gain from sales of assets
$40,928
Other revenue
$26

Expenses

Grants and similar amounts paid
$30,000
Compensation of officers, directors and key employees
$206,358
Other salaries and wages
$327,805
Salaries, compensation and benefits (total)
$710,653
Professional fundraising fees
$0
Legal fees
$160,000
Accounting fees
$26,529
Occupancy
$2,023
Travel
$29,715
Depreciation
$14,682
Program services (functional)
$1,728,262

Balance sheet and other

Total assets, start of year
$1,854,100
Total assets, end of year
$1,841,308
Total liabilities, end of year
$146,428
Net assets, end of year
$1,694,880
Land, buildings and equipment
$19,931
Publicly traded securities
$798,164
Net assets without donor restrictions
$1,602,854
Net assets with donor restrictions
$92,026
Gross receipts
$1,861,972
Employees
6
Volunteers
15
Year formed
1986
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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVID RICHARDSONEXECUTIVE DI
Key employee
50$206,358$41,272
A FERRIS ALLENSECRETARY
Trustee or director, Officer
5$0$0
THOMAS BOWMANDIRECTOR
Trustee or director
2$0$0
LACEY A GAUDETDIRECTOR
Trustee or director
2$0$0
LINDA S GAUDETVICE PRESIDE
Trustee or director, Officer
5$0$0
DAVID HAYDENDIRECTOR
Trustee or director
2$0$0
JOANN HAYDENDIRECTOR
Trustee or director
2$0$0
MICHAEL F HORNINGTREASURER
Trustee or director, Officer
5$0$0
JOSEPH P PONS JRDIRECTOR
Trustee or director
2$0$0
TIMOTHY L KEEFEVICE PRESIDE
Trustee or director, Officer
5$0$0
H GRAHAM MOTIONDIRECTOR
Trustee or director
2$0$0
CHARLES J REEDDIRECTOR
Trustee or director
2$0$0
BRITTANY T RUSSELDIRECTOR
Trustee or director
2$0$0
MICHAEL J TROMBETTADIRECTOR
Trustee or director
2$0$0
KATHARINE M VOSSPRESIDENT
Trustee or director, Officer
5$0$0
1 more people on this return
NameTitleHours / weekCompensation
DAVID WADEDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2024: 16 people
NameTitleHours / weekCompensationOther / benefits
DAVID RICHARDSONEXECUTIVE DI
Key employee
50$211,601$42,320
A FERRIS ALLENSECRETARY
Trustee or director, Officer
5$0$0
THOMAS BOWMANDIRECTOR
Trustee or director
2$0$0
LACEY A GAUDETDIRECTOR
Trustee or director
2$0$0
LINDA S GAUDETVICE PRESIDE
Trustee or director, Officer
5$0$0
DAVID HAYDENDIRECTOR
Trustee or director
2$0$0
JOANN HAYDENDIRECTOR
Trustee or director
2$0$0
MICHAEL F HORNINGTREASURER
Trustee or director, Officer
5$0$0
JOSEPH P PONS JRDIRECTOR
Trustee or director
2$0$0
TIMOTHY L KEEFEVICE PRESIDE
Trustee or director, Officer
5$0$0
H GRAHAM MOTIONDIRECTOR
Trustee or director
2$0$0
CHARLES J REEDDIRECTOR
Trustee or director
2$0$0
BRITTANY T RUSSELDIRECTOR
Trustee or director
2$0$0
MICHAEL J TROMBETTADIRECTOR
Trustee or director
2$0$0
KATHARINE M VOSSPRESIDENT
Trustee or director, Officer
5$0$0
DAVID WADEDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
DAVID RICHARDSONEXECUTIVE DI
Key employee
50$195,689$37,357
A FERRIS ALLENSECRETARY
Trustee or director, Officer
2$0$0
THOMAS BOWMANDIRECTOR
Trustee or director
2$0$0
LACEY A GAUDETDIRECTOR
Trustee or director
2$0$0
LINDA S GAUDETVICE PRESIDE
Trustee or director, Officer
3$0$0
DAVID HAYDENDIRECTOR
Trustee or director
2$0$0
JOANN HAYDENDIRECTOR
Trustee or director
2$0$0
MICHAEL F HORNINGTREASURER
Trustee or director, Officer
3$0$0
JOSEPH P PONS JRDIRECTOR
Trustee or director
2$0$0
TIMOTHY L KEEFEVICE PRESIDE
Trustee or director, Officer
5$0$0
H GRAHAM MOTIONDIRECTOR
Trustee or director
2$0$0
CHARLES J REEDDIRECTOR
Trustee or director
2$0$0
BRITTANY T RUSSELDIRECTOR
Trustee or director
2$0$0
MICHAEL J TROMBETTADIRECTOR
Trustee or director
2$0$0
KATHARINE M VOSSPRESIDENT
Trustee or director, Officer
5$0$0
DAVID WADEDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
500 REDLAND CT STE 105, OWINGS MILLS, MD 21117-3265
Principal officer (990 for 2025)
KATHARINE M VOSS
Signed the 990
DAVID RICHARDSON, EXECUTIVE DIRECTOR
Phone
(410) 902-6842
Return prepared by
GEGOREK & COMPANY PA

Mission

ORGANIZED TO PROMOTE THE INTEREST OF THOROUGHBRED RACING IN MARYLAND AND TO REPRESENT ALL HORSEMEN'S INTERESTS AND PROPERTY RIGHTS IN DEALING WITH VARIOUS RACING ASSOCIATIONS, THE RACING COMMISSION, AND THE STATE LEGISLATUTE.

990 for the year ended December 31, 2025

Program accomplishments

  • TO WORK FOR THE IMROVEMENT OF BUSINESS CONDITIONS OF THOROUGHBRED HORSEMEN AND THEIR EMPLOYEES, TO WORK FOR THE IMPROVEMENT OF THE THOROUGHBRED INDUSTRY AND THOSE PERSONS ENGAGED THEREIN.
  • TO WORK FOR THE IMROVEMENT OF BUSINESS CONDITIONS OF THOROUGHBRED HORSEMEN AND THEIR EMPLOYEES, TO WORK FOR THE IMPROVEMENT OF THE THOROUGHBRED INDUSTRY AND THOSE PERSONS ENGAGED THEREIN.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-1493207
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,841,308
Income (IRS master file)
$1,861,972

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,612,696$1,728,262$1,841,308XML
990December 2024$1,728,430$1,852,599$1,854,100XML
990December 2023$1,812,152$1,830,079$1,995,161XML
990December 2022$1,820,486$1,759,953$1,772,289IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 52-1493207).

Questions about MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION

What is the EIN of MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION?
The employer identification number (EIN) of MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION is 52-1493207.
Is MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
Are donations to MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION 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 MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION?
The 990 for the year ended December 31, 2025 names KATHARINE M VOSS.
Who are the officers and directors of MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION?
The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $206,358 (DAVID RICHARDSON, EXECUTIVE DI).
How much revenue does MARYLAND THOROUGHBRED HORSEMANS ASSOCIATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,612,696, expenses of $1,728,262 and total assets of $1,841,308 at year end.

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