TY 2013 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) IRVIN CRAWFORD........................................................................
President

15.00
.......................0.00

(2) BEVERLEY BOSSELMANN........................................................................
President

15.00
.......................0.00

(3) PETER HITCHEN........................................................................
President

15.00
.......................0.00

(4) VICTORIA CRAWFORD........................................................................
President

15.00
.......................0.00

(5) DANIEL CROWLEY........................................................................
Director

3.00
.......................0.00

(6) JOANNE MESZOLY........................................................................
Director

3.00
.......................0.00

(7) THOMAS GUTIERREZ........................................................................
Director

3.00
.......................0.00

(8) KAJA FARNSWORTH........................................................................
Director

3.00
.......................0.00

(9) RICHARD HAGEN........................................................................
Treasurer

15.00
.......................0.00

(10) CANDACE GERRETY........................................................................
Director

3.00
.......................0.00

(11) TIMOTHY HANSON........................................................................
Chairman

10.00
.......................0.00

(12) IVAN BLUMBERG........................................................................
Director

3.00
.......................0.00

(13) ANNE DAVIES........................................................................
Secretary

10.00
.......................0.00

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to governments and organizations in the United States. See Part IV, line 21	1,000
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	0
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	0
4	Benefits paid to or for members	0
5	Compensation of current officers, directors, trustees, and key employees ....	0
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages	46,799
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	14,901
10	Payroll taxes ...........	23,098
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	0
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........	0
12	Advertising and promotion ....	0
13	Office expenses .......	0
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	24,179
17	Travel ............	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	0
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	8,648
23	Insurance ..............	0
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	POTOMAC HUNT RACES	55,276
b	HORSE & HOUND EXPENSE	40,854
c	OTHER	17,398
d	INSURANCE	15,326
e	All other expenses	44,077
25	Total functional expenses. Add lines 1 through 24e	291,556	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to governments and organizations in the United States. See Part IV, line 21

1,000

Grants and other assistance to individuals in the United States. See Part IV, line 22

Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16

Benefits paid to or for members

Compensation of current officers, directors, trustees, and key employees ....

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

Other salaries and wages

46,799

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

Other employee benefits .......

14,901

Payroll taxes ...........

23,098

Fees for services (non-employees):

Management ......

Legal .........

Accounting ...........

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........

Advertising and promotion ....

Office expenses .......

Information technology ......

Royalties ..

Occupancy ...........

24,179

Travel ............

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

Interest ...........

Payments to affiliates .......

Depreciation, depletion, and amortization .....

8,648

Insurance ..............

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

POTOMAC HUNT RACES

55,276

HORSE & HOUND EXPENSE

40,854

OTHER

17,398

INSURANCE

15,326

All other expenses

44,077

Total functional expenses. Add lines 1 through 24e

291,556

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	31,790	1	280,748
2	Savings and temporary cash investments .........	196,955	2	15,535
3	Pledges and grants receivable, net ...........		3	0
4	Accounts receivable, net .............		4	0
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6	0
7	Notes and loans receivable, net .............		7	0
8	Inventories for sale or use ..............		8	0
9	Prepaid expenses and deferred charges ..........	5,905	9	1,305
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	287,414
b	Less: accumulated depreciation .....	10b	170,126	113,920	10c	117,288
11	Investments—publicly traded securities ..........		11	0
12	Investments—other securities. See Part IV, line 11 .....		12	0
13	Investments—program-related. See Part IV, line 11 .....		13	0
14	Intangible assets ...............		14	0
15	Other assets. See Part IV, line 11 ...........		15	0
16	Total assets. Add lines 1 through 15 (must equal line 34)......	348,570	16	414,876
	17	Accounts payable and accrued expenses .........	1,477	17	11,692
18	Grants payable .................		18
19	Deferred revenue ................		19
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	1,477	26	11,692
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds	347,093	32	403,184
33	Total net assets or fund balances ...........	347,093	33	403,184
34	Total liabilities and net assets/fund balances ........	348,570	34	414,876

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

31,790

280,748

Savings and temporary cash investments .........

196,955

15,535

Pledges and grants receivable, net ...........

Accounts receivable, net .............

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

Prepaid expenses and deferred charges ..........

5,905

1,305

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

287,414

Less: accumulated depreciation .....

10b

170,126

113,920

10c

117,288

Investments—publicly traded securities ..........

Investments—other securities. See Part IV, line 11 .....

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

Total assets. Add lines 1 through 15 (must equal line 34)......

348,570

414,876

Accounts payable and accrued expenses .........

1,477

11,692

Grants payable .................

Deferred revenue ................

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

Total liabilities. Add lines 17 through 25.........

1,477

11,692

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

Paid-in or capital surplus, or land, building or equipment fund .....

Retained earnings, endowment, accumulated income, or other funds

347,093

403,184

Total net assets or fund balances ...........

347,093

403,184

Total liabilities and net assets/fund balances ........

348,570

414,876

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) .....
4	Aggregate value at end of year ........


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Description of property	(a) Cost or other basis (investment)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................	208,757	106,171	102,586
c	Leasehold improvements ............
d	Equipment ................	49,654	49,405	249
e	Other .................	29,003	14,550	14,453
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......	117,288

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

THE POTOMAC HUNT INC

Employer identification number

52-0562876

Return Reference	Explanation
Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et	TWO (2) OF THE DIRECTORS HAVE A FAMILY RELATIONSHIP.
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder	THERE ARE SEVERAL CLASSES OF MEMBERS. THEY ARE HUNTING SUBSCRIPTION, JUNIOR SUBSCRIPTION, ASSOCIATE MEMBER AND HONORARY MEMBER. ONLY THE HUNTING SUBSCRIPTION AND HONARARY MEMBERS HAVE VOTING PRIVILEGES.EACH MEMBERSHIP CLASS HAS SPECIFIC REQUIREMENTS AS DETAILED IN THE BY-LAWS OF THE ORGANIZATION.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body	THE VOTING MEMBERS ELECT A GOVERNING BODY KNOWN AS THE HUNT COMMITTEE. THE HUNT COMMITTEE SHALL PROMULGATE OR AMEND WHATEVER RULES AND REGULATIONS IT DEEMS ADVISABLE FOR THE OPERATION AND USE OF THE CORPORATION'S PROPERTY.THE HUNT COMMITTEE IS COMPRISED OF AT LEAST 10 MEMBERS. WITHIN THE HUNT COMMITTEE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF AT LEAST 4 MEMBERS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE HUNT COMMITTEE ON MATTERS THAT ARE OF A TIME SENSITIVE ISSUE. SUCH ACTIONS MUST BE REPORTED TO THE FULL HUNT COMMITTEE NO LATER THAN THE NEXT REGULARY SCHEDULED MEETING OF THE HUNT COMMITTEE. SUCH ACTIONS WILL BE BINDING ON THE CORPORATION UNLESS A MAJORITY OF THE HUNT COMMITTEE DISAPPROVE SAID ACTION.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders	DECISIONS OF THE FULL HUNT COMMITTEE ARE NOT SUBJECT TO APPROVAL OF THE VOTING MEMBERS. EXECUTIVE COMMITTEE DECISIONS ARE SUBJECT TO A REVIEW BY THE FULL HUNT COMMITTEE AND CAN BE DISAPPROVED BY A MAJORITY OF THE HUNT COMMITTEE.
Form 990, Part VI, Line 11b: Form 990 Review Process	EXECUTIVE COMMITTEE WAS PROVIDED A COPY OF THE FORM 990 AND FORM 990-T PRIOR TO FILING FOR REVIEW.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS COMPLETED BY ALL BOARD MEMBERS EVERY YEAR DURING THE FIRST MEETING OF EACH FISCAL YEAR. IN ADDITION, BOARD MEMBERS ARE REMINDED QUARTERLY TO UPDATE THEIR DISCLOSURE STATEMENT IF A NEW CONFLICT ARISES DURING THE FISCAL YEAR.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	NO DOCUMENTS AVAILABLE TO THE PUBLIC.
Form 990, Part IX, Line 24e: Other Expenses	INCOME TAXES: Column (A) - Total = $2660; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	MEMBER ACTIVITIES: Column (A) - Total = $14805; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	REPAIRS & MAINTENANCE: Column (A) - Total = $7606; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	SUPPLIES: Column (A) - Total = $471; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	TAXES/LICENSES: Column (A) - Total = $6864; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	TELEPHONE: Column (A) - Total = $1535; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	VETERINARIAN: Column (A) - Total = $10136; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Additional Data

Software ID:	13000170
Software Version:	2013v4.0

1	Briefly describe the organization’s mission or most significant activities: MEMBERSHIP CLUB THAT PROMOTES, FOSTERS AND PRESERVES MOUNTED FOX CHASING WITH HOUNDS, STEEPLECHASE RACING, TRAINING OF HORSES AND HOUNDS AND THE PRESERVATION AND CONSERVATION OF THE COUNTRYSIDE FOR SUCH ACTIVITIES.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	13
5	Total number of individuals employed in calendar year 2013 (Part V, line 2a) ......	5	2
6	Total number of volunteers (estimate if necessary) .............	6	50
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	29,952
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	7,387

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	367,281	344,938
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	17	9
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,200	2,700
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	368,498	347,647
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	2,000	1,000
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	106,067	84,798
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	211,390	205,758
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	319,457	291,556
19	Revenue less expenses. Subtract line 18 from line 12.......	49,041	56,091
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	348,570	414,876
21	Total liabilities (Part X, line 26).............	1,477	11,692
22	Net assets or fund balances. Subtract line 21 from line 20.....	347,093	403,184

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 205,889 including grants of $ ) (Revenue $ 232,970 )
	MEMBER EVENTS/ACTIVITIES TO PROMOTE COMRADERIE AND TO DISCUSS CONCERNS ASSOCIATED WITH THE DEVELOPMENT, CONSERVATION AND PRESERVATION OF NATURAL RESOURCES, AND THEIR EFFECTS ON STEEPLECHASE RACING, FOX CHASING AND HORSEMANSHIP.

4b	(Code: ) (Expenses $ 55,276 including grants of $ ) (Revenue $ 111,969 )
	THE POTOMAC HUNT SPONSORS AN ANNUAL HORSE RACING EVENT WHICH DEMONSTRATES THE TRAINING OF HORSES AND HOUNDS AND THE BENEFITS DERIVED FROM FOX CHASING AND STEEPLECHASE RACING.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses261,165

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			0
			Business Code
2a	MEMBER ACTIVITIES		900099	44,279	44,279
b	Membership Dues & Assessments		900099	188,691	188,691
c	POTOMAC HUNT RACES		711210	111,968	82,025	29,943
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			344,938
3	Investment income (including dividends, interest, and other similar amounts).......			9		9
4	Income from investment of tax-exempt bond proceeds..			0
5	Royalties...........			0
		(i) Real	(ii) Personal
6a	Gross rents	2,700
b	Less: rental expenses
c	Rental income or (loss)	2,700
d	Net rental income or (loss).......			2,700	2,700
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........			0
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See Instructions......			347,647	317,695	29,952

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................