Association Of Indep Maryland
- Assets
- $3.3m
- Revenue
- $956.0k
- Investments
- $739.1k
- Employees
- 8
- Location
- Glen Burnie, MD
- Founding
- 02/1969
- Data as of
- 07/2023
- EIN
- 23-7007087
Organization Overview
Association Of Indep Maryland is located in Glen Burnie, MD. The organization was established in 1969. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Association Of Indep Maryland employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Indep Maryland 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 07/2023, Association Of Indep Maryland generated $956.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.2m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT SERVICES FOR INDEPENDENT ACADEMIC SCHOOLS IN MARYLAND AND DISTRICT OF COLUMBIA CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE STRENGTH AND SUPPORT FOR THE INDEPENDENT ACADEMIC SCHOOLS OF MARYLAND AND THE DISTRICT OF COLUMBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Baily Executive Director | Officer | 40 | $287,696 |
Nancy Mugele President | OfficerTrustee | 1 | $0 |
Matthew Gould Vice President | OfficerTrustee | 1 | $0 |
Rochelle Hargraves Treasurer | OfficerTrustee | 1 | $0 |
Tye Campbell Secretary | OfficerTrustee | 1 | $0 |
Mara Nicastro Assist Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,240,897 |
| Investment income | $26,274 |
| 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 | $956,018 |
| 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. | $322,795 |
| Compensation of current officers, directors, key employees. | $16,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,502 |
| Pension plan accruals and contributions | $18,468 |
| Other employee benefits | $0 |
| Payroll taxes | $41,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,625 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,570 |
| Advertising and promotion | $291 |
| Office expenses | $27,886 |
| Information technology | $20,771 |
| Royalties | $0 |
| Occupancy | $32,769 |
| Travel | $15,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,498 |
| Insurance | $34,937 |
| All other expenses | $0 |
| Total functional expenses | $1,236,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $679,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,590 |
| Net Land, buildings, and equipment | $6,606 |
| Investments—publicly traded securities | $1,868,385 |
| Investments—other securities | $739,056 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,342,362 |
| Accounts payable and accrued expenses | $21,755 |
| Grants payable | $0 |
| Deferred revenue | $7,045 |
| 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 | $28,800 |
| Net assets without donor restrictions | $3,313,562 |
| 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 | $3,342,362 |