NonprofitsSport And Entertainment Corporation Of Maryland

Recreation & Sports

Sport And Entertainment Corporation Of Maryland

BALTIMORE, MD

Total revenue

$14.4M

Total expenses

$11.3M

Net assets

$246K

Grants received

$922K

8 grants

EIN

834686104

Tax year

2023

Mission

The Sport and Entertainment Corporation of Maryland is a 501c3 established in 2019 to further and promote exclusively, charitable, religious, educational and scientific purposes and the business and objects to be carried on and promoted by it are: 1 To incubate cultural and operational event integrity for large scale sport and entertainment events in Maryland 2 To support Maryland Sports in hosting major sports events, economic analysis and research relating to sports, sponsorship of major sports events, and development of partnerships with other public and private entities to sponsor major sports events 3 To lessen the governments burden by promoting regional, national and international sporting events in the State of Maryland 4 To recruit, retain, market, promote and manage sports events that have positive media exposure, economic impact and image impact within the State of Maryland, and which will enhance the quality of life of citizens of the State of Maryland and 5 To solicit and

Programs

2 programs

MARYLAND CYCLING CLASSIC - Marylands first UCI PROSERIES tour stop The Maryland Cycling Classic Organizing Committee is charged with delivering, planning, managing and overseeing all aspects of the activities that take place at the inaugural Maryland Cycling Classic & Festival September 2021.

Expenses: $2.6M

Amateur athletic union

Expenses: $215K

Financials

FY 2023

Revenue

Contributions & grants$12.8M
Program service revenue$1.5M
Investment income
Other revenue$28K
Total revenue$14.4M

Expenses

Grants paid
Salaries & benefits$516K
Fundraising$242K
Other expenses$10.8M
Total expenses$11.3M
Total assets$246K
Net assets$246K

People

2 listed

NameRoleCompensation

Terry Hasseltine

President

Board

25 hrs/wk

JEFFREY NEWMAN

PRESIDENT OF MARYLAND 5 STAR

Staff

$175K

40 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$20K
COMMUNITY & HUMAN SERVICES
2024
$500K
GENERAL SUPPORT
2023
$10K
MARYLAND 5 STAR
2023
$250K
GENERAL SUPPORT
2022
$52K
SPORTS/LEISURE
2022
$50K
PUBLIC, SOCIETAL BENEFIT
2022
$25K
GENERAL SUPPORT
2020

Funded by

$922K from 6 funders · 8 grants · 2020–2024

4 Cornerstones Foundation

$750K · 2 grants · 2022–2023

American Endowment Foundation

$52K · 1 grant · 2022

Old Dominion Electric Cooperative

$35K · 2 grants · 2020–2023

The Ayco Charitable Foundation

$20K · 1 grant · 2024

Details

EIN834686104
NTEE codeN99
Subsection03
Ruling date2019-11
Formed2019
Employees4
Volunteers400
SPORT AND ENTERTAINMENT CORPORATION OF MARYLAND — Mission, Financials & Grants Received | Grantivo