Maiden Lake Charitable Tr
- Assets
- $1.1m
- Revenue
- $356.3k
- Investments
- $537.3k
- Employees
- 0
- Location
- Gibson Island, MD
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 38-7203161
Organization Overview
Maiden Lake Charitable Tr is located in Gibson Island, MD. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maiden Lake Charitable Tr 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 12/2022, Maiden Lake Charitable Tr generated $356.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $583.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Maiden Lake Charitable Tr has awarded 12 individual grants totaling $966,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Hubrich Trustee | 0 | $0 | |
Stefan Hubrich Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $326,461 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,332 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $356,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,841 |
| Contributions, gifts, grants paid | $581,000 |
| Total expenses and disbursements | $583,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,417 |
| Savings and temporary cash investments | $536,439 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,076,139 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maiden Lake Charitable Tr has awarded $581,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AACS PURPOSE: PROVIDE FUNDS FOR SCHOOL. | $336,000 |
HELPING US MISSION PURPOSE: PROVIDE SUPPORT FOR HELPING ADDICTS RECOVER AND LEAD A LIFE FREE FROM ADDICTION. | $20,000 |
RESCUE MISSION PURPOSE: PROVIDE FUNDS TO SUPPORT THE HOMELESS IN BALTIMORE. | $10,000 |
SEVERNA PARK EVANGELICAL PRESBYTERIAN CHURCH PURPOSE: PROVIDE FUNDS FOR CHURCH AND THEIR PROGRAMS. | $200,000 |
ASSOCIATES FOR BIBLICAL RESEARCH PURPOSE: TO SUPPORT CONTINUED BIBLICAL RESEARCH VIA ARCHAEOLOGY | $15,000 |