The Association Of School Business Officials Of Md And Dc Inc
- Assets
- $387.4k
- Revenue
- $195.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Bel Air, MD
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 23-7057249
Organization Overview
The Association Of School Business Officials Of Md And Dc Inc is located in Bel Air, MD. The organization was established in 1988. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2021, Association Of School Business Officials Of MD And DC Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Association Of School Business Officials Of MD And DC 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 06/2021, Association Of School Business Officials Of MD And DC Inc generated $195.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $208.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 years. 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
THE ASSOCIATION OF SCHOOL BUSINESS OFFICIALS OF MARYLAND AND THE DISTRICT OF COLUMBIA: ENSURES THAT SCHOOL BUSINESS PROFESSIONALS ARE EQUIPPED TO DELIVER THE HIGHEST QUALITY SUPPORT SERVICES TO THE EDUCATIONAL COMMUNITY BY AFFORDING THEM THE OPPORTUNITY TO SHARE BUSINESS SOLUTIONS WITH COLLEAGUES. IMPROVES BUSINESS PRACTICES THROUGH RIGOROUS PROFESSIONAL DEVELOPMENT. PROVIDES ACCESS TO THE BEST PRACTICES AND SCHOLARLY RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT- TWO ANNUAL EDUCATION CONFERENCES, MULTIPLE WORKSHOPS ON TOPICS OF INTEREST TO MEMBERS, AND FOUNDATIONS OF SCHOOL BUSINESS CURRICULUM
PUBLIC RELATIONS- BUILDING AWARENESS OF ASBO MD & DC, OFFERING HONORARY MEMBERSHIPS TO SUPERINTENDENTS, BOARD OF EDUCATION MEMBERS, AND OFFICERS OF OTHER NON-PROFIT EDUCATIONAL ASSOCIATIONS
NEWSLETTER AND MEMBERSHIP DIRECTORY- QUARTERLY NEWS JOURNAL WITH ARTICLES OF INTEREST AND ASBO INFORMATION, ANNUAL MEMBERSHIP DIRECTORY, AND AN INFORMATIVE WEBSITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Laporta Executive Director | OfficerTrustee | 40 | $103,578 |
Craig Blackwell President Elect | OfficerTrustee | 10 | $0 |
Timothy Brooke Treasurer | OfficerTrustee | 10 | $0 |
Christina Gates Gray Immediate Past President | OfficerTrustee | 20 | $0 |
Terri Lundskow Secretary | OfficerTrustee | 10 | $0 |
Thomas Mulligan President | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,227 |
| 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 | $24,227 |
| Total Program Service Revenue | $170,895 |
| Investment income | $157 |
| 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 | $195,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,619 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,760 |
| Compensation of current officers, directors, key employees. | $54,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,168 |
| Fees for services: Management | $8,848 |
| Fees for services: Legal | $72 |
| Fees for services: Accounting | $14,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $208,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,224 |
| Savings and temporary cash investments | $109,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,250 |
| 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 | $16,612 |
| 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 | $387,370 |
| Accounts payable and accrued expenses | $14,585 |
| Grants payable | $0 |
| Deferred revenue | $39,395 |
| 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 | $53,980 |
| Net assets without donor restrictions | $333,390 |
| 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 | $387,370 |
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Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
Coalition Of Cancer Cooperative Groups Philadelphia, PA | $21,235,863 | $14,701,631 |
Council Of Independent Colleges Washington, DC | $74,304,856 | $12,399,028 |
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Friedreichs Ataxia Research Alliance Fara Springfield, VA | $7,478,784 | $7,717,778 |
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Council Of The Great City Schools Washington, DC | $15,898,076 | $7,382,134 |