Progressive Maryland Eduction Fund Inc
- Assets
- $956.2k
- Revenue
- $518.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Upper Marlboro, MD
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 03-0401249
Organization Overview
Progressive Maryland Eduction Fund Inc is located in Upper Marlboro, MD. The organization was established in 2004. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progressive Maryland Eduction Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Progressive Maryland Eduction Fund Inc generated $518.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $512.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND ORGANIZE THE PUBLIC TO IMPROVE THE QUALITY OF LIFE FOR WORKING FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE PROGRAM-THE ORGANIZATION RESEARCHES AND REPORTS ON PUBLIC POLICY ISSUES OF CONCERN TO WORKING FAMILIES, ENGAGES IN NON-PARTISAN LEADERSHIP TRAINING FOCUSING ON DEVELOPING YOUNG, LOW-INCOME AND OF COLOR LEADERS, AND PERFORMS NON-PARTISAN VOTER REGISTRATION OF HISTORICALLY DISENFRANCHISED MINORITIES IN THE STATE OF MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Dobson President | OfficerTrustee | 1 | $0 |
Cathryn Paul Director | Trustee | 1 | $0 |
Marty Kearns Director | Trustee | 1 | $0 |
Larry Stafford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,696 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,463 |
| Payroll taxes | $29,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $930 |
| Fees for services: Accounting | $27,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,768 |
| Advertising and promotion | $865 |
| Office expenses | $7,878 |
| Information technology | $10,401 |
| Royalties | $0 |
| Occupancy | $9,326 |
| Travel | $877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,446 |
| All other expenses | $0 |
| Total functional expenses | $512,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $697,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $181,248 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $253 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $956,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $966,333 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $966,333 |
| Net assets without donor restrictions | -$10,131 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $956,202 |
Grants Awarded
Over the last fiscal year, Progressive Maryland Eduction Fund Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: FAIR ELECTIONS MARYLAND CAMPAIGN | $5,000 |
Baltimore, MD PURPOSE: FAIR ELECTIONS MARYLAND CAMPAIGN | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Progressive Maryland Eduction Fund Inc has recieved totaling $1,115,505.
| Awarding Organization | Amount |
|---|---|
Peoples Action Institute Chicago, IL PURPOSE: AFFILIATE STATE PROGRAMS SUPPORT | $270,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $190,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS | $150,000 |
Windward Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $120,000 |
Alliance For Open Society International Inc New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $100,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $80,000 |
Endowment Analysis
| Net Contributions | $50,000 |
| Other Expense | $16,250 |
| Ending Balance | $33,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
American Council On Education Washington, DC | $87,315,703 | $34,913,177 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
Propane Education & Research Council Inc Washington, DC | $68,183,417 | $39,056,977 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
American Association Of Colleges Of Nursing Washington, DC | $32,242,011 | $15,709,388 |