Maryland Racing Media Charitable Foundation Inc
Nonprofit profile at a glance
- EIN
- 522289797
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Bel Air, MD, USA
- Phone
- 4108791952
- Rating confidence
- Limited
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $313
- Expenses
- $107
- Assets
- $29,230
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- FRANK VESPE (PRESIDENT)
People named in this filing
- FRANK VESPE (PRESIDENT)
- JOE CLANCY (VICE PRESIDE)
- MICHAEL PONS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
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.
What it reported doing in 2025
Education and scholarships
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 80
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 65.8%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 273.18; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -17.4% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: -21.3% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.