Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
23 people listed on the 990; $211K paid to officers and key staff.
Olive Waxter’s $211K as President is at the 86th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Olive Waxter | $211,100 | $233,400 | $156,624 | $142,895 | $140,392 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Presents Broadway shows in Baltimore and offers free arts education and outreach programs to the Maryland community.
Questions for Hippodrome Foundation INC
Your first name shows with your question. Hippodrome Foundation INC answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $176K | $115K |
| InvestmentsLn 11–13 | $2.5M | $2.4M |
| Land, buildings, equipmentLn 10c | $19.1M | $19.6M |
| Total assetsLn 16 | $23.6M | $24.9M |
| LiabilitiesLn 26 | $408K | $399K |
| Net assetsLn 32 | $23.2M | $24.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $266K | $211K | $25K | $30K |
| Other salaries and wagesLn 7 | $334K | $267K | $33K | $33K |
| Pension plan contributionsLn 8 | $17K | $14K | $2K | $434 |
| Other employee benefitsLn 9 | $28K | $20K | $758 | $7K |
| Payroll taxesLn 10 | $45K | $34K | $2K | $9K |
| Legal feesLn 11b | $56K | $56K | ||
| Accounting feesLn 11c | $20K | $12K | $8K | |
| Advertising and promotionLn 12 | $14K | $14K | ||
| Office expensesLn 13 | $168K | $84K | $50K | $34K |
| OccupancyLn 16 | $400K | $400K | ||
| Conferences, conventions and meetingsLn 19 | $22K | $22K | ||
| Depreciation, depletion and amortizationLn 22 | $548K | $548K | ||
| InsuranceLn 23 | $208K | $127K | $81K | |
| Other expenses (24a–d)Ln 24 | $1.7M | $1.7M | ||
| All other expensesLn 24e | $50K | $48K | $2K | |
| Total functional expensesLn 25 | $3.9M | $3.0M | $775K | $113K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $5.2M | $3.9M | $1.4M | $24.5M | 990 PDF |
| FY2024 | $3.8M | $3.3M | $456K | $23.2M | 990 PDF |
| FY2023 | $12.3M | $2.6M | $9.7M | $22.5M | 990 PDF |
| FY2022 | $8.3M | $2.2M | $6.2M | $12.6M | 990 PDF |
| FY2021 | $2.0M | $1.6M | $338K | $7.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $5,242,777 revenue, 12 lines filed
Part VI · Governance 19 of 20 board members independent, 2 to look at
Part VIII · Statement of revenue $5,242,777 across 8 lines filed
Part IX · Statement of functional expenses $3,853,185 across 15 lines filed
Part X · Balance sheet $24,929,139 assets, 15 lines filed
Part XI · Reconciliation of net assets $24,530,362 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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