Racing Medication and Testing Consortium
The mission of the consortium is to engage in research, education, and advocacy for science-based initiatives that promote the health and safety of the racehorse and the integrity of competition.
Racing Medication and Testing Consortium at a glance
In short: Racing Medication and Testing Consortium gave $162K across 2 grants in 2024 (avg $81K), mostly in Pennsylvania. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $161,685
- +200.1% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $80,843
- +200.1% vs 2023
- Median grant
- $80,843
- Total assets
- $568,320
- -35.4% vs 2023
- Primary geography
- Pennsylvania (63% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Racing Medication and Testing Consortium funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was University of Pennsylvania ($102K). Together the top 2 received $162K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Racing Medication and Testing Consortium gives
- Giving grew 177% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $54K (2023) to $197K (2020). In 2024 it made 2 grants totaling $162K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Pennsylvania Philadelphia, PA | Fund research projects related to ensuring the integrity of horse racing | $101,685 |
| University of California Davis Los Angeles, CA | Fund research projects related to ensuring the integrity of horse racing | $60,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $568,320 | $522,255 | $887,587 | $161,685 | 2 | $17,852 |
| 2023 | $879,800 | $461,111 | $662,997 | $53,871 | 2 | $14,944 |
| 2022 | $1,081,317 | $718,573 | $591,672 | $55,862 | 3 | $4,448 |
| 2021 | $1,022,414 | $765,426 | $566,573 | $58,353 | 1 | $80 |
| 2020 | $781,505 | $767,991 | $701,882 | $196,700 | 2 | $1,495 |
About Racing Medication and Testing Consortium
Based on IRS filings
Racing Medication and Testing Consortium is a public charity focused on Environment & Animals, based in Lexington, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $568K in total assets. In 2024, it awarded 2 grants totaling $162K. Net investment income was $18K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Racing Medication and Testing Consortium is led by Michael D. Hardy, Executive Director on every filing since 2022; 1 of 26 officers listed in 2024 is compensated.
Officers on the 2024 filing
Michael D. Hardy
Executive Director
On filings since 2022
40 hrs/week
$24K (2022) → $220K (2024)
Alex Waldrop
Chairman
Chairman & President → Chair & President, 2022
Chair & President → Chairman, 2024
On filings since 2020
1 hr/week
No compensation reported
Dionne Benson
Director
On filings since 2020
1 hr/week
$14K (2023) → $0 (2024)
Alan Balch
Director
On filings since 2020
1 hr/week
No compensation reported
Andy Schweigardt
Director
On filings since 2020
1 hr/week
No compensation reported
Chauncey Morris
Director
On filings since 2020
1 hr/week
No compensation reported
Dora Delgado
Director
On filings since 2020
1 hr/week
No compensation reported
Ed Martin
Director
On filings since 2020
1 hr/week
No compensation reported
Eric Hamelback
Director
On filings since 2020
1 hr/week
No compensation reported
Jeff Blea
Director
On filings since 2020
1 hr/week
No compensation reported
John Campbell
Director
On filings since 2020
1 hr/week
No compensation reported
Lynn Hovda
Director
On filings since 2020
1 hr/week
No compensation reported
Stuart Brown II
Director
On filings since 2020
1 hr/week
No compensation reported
Terry Meyocks
Director
On filings since 2020
1 hr/week
No compensation reported
Tom Robbins
Director
On filings since 2020
1 hr/week
No compensation reported
David O'Rourke
Director
On filings since 2022
1 hr/week
No compensation reported
Bill Nader
Director
On filings since 2023
1 hr/week
No compensation reported
Clayton McCook
Director
On filings since 2023
1 hr/week
No compensation reported
Jamie Haydon
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jim Meyer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Will Farmer
Director
New on the 2024 filing
1 hr/week
No compensation reported
Alan Foreman
Co-Vice Chair
Vice Chairman → Vice Chair, 2022
Vice Chair → Co-Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Hank Zeitlin
Co-Vice Chair
Vice Chairman → Vice Chair, 2022
Vice Chair → Co-Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Rick Arthur
Secretary
On filings since 2020
1 hr/week
No compensation reported
Keith Chamblin
Treasurer
Director → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Janet Van Bebber
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (15)
- Former: James Meyer (2020–2023) — Director
- Former: Janet Vanbebber (2020–2023) — Director
- Former: Mary Scollay (2020–2023) — Executive Director Former
- Former: Matt Iuliano (2020–2023) — Director
- Former: William Farmer (2021–2023) — Director
- Former: Terrence Meyocks (2022–2023) — Director
- Former: Glenn Blodgett (2020–2022) — Director
- Former: Rick Gold (2020–2022) — Director
- Former: Bruce Howard (2022) — Director
- Former: Martin Panza (2020–2021) — Director
- Former: Dan Metzger (2021) — Director
- Former: Marc Guilfoil (2021) — Director
- Former: David Basler (2020) — Director
- Former: Drew Fleming (2020) — Director
- Former: Duncan Patterson (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $220K, to Michael D Hardy (Executive Director).
Frequently asked questions about Racing Medication and Testing Consortium
How much does Racing Medication and Testing Consortium give each year?
Racing Medication and Testing Consortium gave $162K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $54K across 2 grants.
How large is Racing Medication and Testing Consortium?
Racing Medication and Testing Consortium reported $568K in total assets on its 2024 IRS Form 990. Its revenue that year was $522K.
What is Racing Medication and Testing Consortium?
Racing Medication and Testing Consortium is a public charity focused on Environment & Animals, based in Lexington, KY. It holds $568K in total assets as of 2024.
Where does Racing Medication and Testing Consortium operate?
Racing Medication and Testing Consortium has awarded grants in California, Florida, Illinois, Kentucky, Pennsylvania.
What is Racing Medication and Testing Consortium's EIN?
Racing Medication and Testing Consortium's EIN (Employer Identification Number) is 72-1559413. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2020–2024
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