Maryland Troopers Association Inc
- Assets
- $3.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Pikesville, MD
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 52-1207145
Organization Overview
Maryland Troopers Association Inc is located in Pikesville, MD. The organization was established in 1984. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Maryland Troopers Association Inc employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Maryland Troopers Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Maryland Troopers Association Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WELFARE BENEFITS TO ACTIVE AND RETIRED MARYLAND STATE TROOPERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE INSURANCE: 2,581 MEMBERS PARTICIPATED IN THIS PROGRAM.
LEGAL FEES: THE AMOUNT OF MEMBERS AND MEMBER NEEDS VARY YEAR TO YEAR FOR THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Bredenburg Director | Trustee | 2 | $3,450 |
John Diggs Director | Trustee | 2 | $4,700 |
Robert Johnston Director | Trustee | 2 | $3,300 |
Gary Baker Director | Trustee | 2 | $2,950 |
Edward M Evans Director | Trustee | 2 | $2,250 |
Palmer Grotte Director | Trustee | 2 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Warnken Llc Legal Services | 12/30/22 | $229,750 |
Lead Marketing Fundraising Services | 12/30/22 | $140,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $895,122 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,227,626 |
| Total Program Service Revenue | $280,377 |
| Investment income | $172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $60,195 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,096 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,616,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,050 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $859,160 |
| Compensation of current officers, directors, key employees. | $122,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $229,750 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $140,115 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,229 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,452 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,064 |
| Insurance | $9,625 |
| All other expenses | $0 |
| Total functional expenses | $1,624,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,032 |
| Savings and temporary cash investments | $517,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,466 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,745 |
| Investments—publicly traded securities | $2,142,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,187,903 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $85,074 |
| Total liabilities | $85,074 |
| Net assets without donor restrictions | $3,102,829 |
| 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 | $3,187,903 |