Small Public Charity

MARYLAND RACING MEDIA CHARITABLE FOUNDATION INC

Based in BEL AIR, MD, MARYLAND RACING MEDIA CHARITABLE FOUNDATION INC operates as a Small Public Charity. The organization reported $313 in revenue, $107 in expenses, $29K in total assets for fiscal year 2025. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $7K.

EIN: 522289797 BEL AIR, MD Latest filing: 2025
Total Revenue$313
Total Expenses$107
Total Assets$29K
Grant Records1
Funding Total$7K
Filing Years2021–2025

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.

Officers & Directors

PRESIDENT Frank Vespe
VICE PRESIDE Joe Clancy
TREASURER Michael Pons
SECRETARY Tom Lamarra

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$7,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $313 $107 $29K
2024 $10 $29K
2023 $3 $14 $29K
2022 $127 $268 $29K
2021 $2K $12 $29K

Between 2021 and 2025, reported annual revenue declined from $2K to $313 (-86%), with total assets most recently reported at $29K.

Interactive year-over-year charts and full filing details available with membership.

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