Maryland Philanthropy Network Inc
- Assets
- $5.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Baltimore, MD
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 52-1326863
Organization Overview
Maryland Philanthropy Network Inc, operating under the name Association Of Baltimore Area Grantmakers, is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Association Of Baltimore Area Grantmakers employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Baltimore Area Grantmakers 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, Association Of Baltimore Area Grantmakers generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 17.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Association Of Baltimore Area Grantmakers has awarded 82 individual grants totaling $1,613,009. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARYLAND PHILANTROPY NETWORK (MPN) MAXIMIZES THE IMPACT OF PHILANTHROPIC GIVING THROUGH A NETWORK OF GRANTMAKERS. MPN MAXIMIZES THE IMPACT OF PHILANTHROPIC GIVING ON COMMUNITY LIFE THROUGH A GROWING NETWORK OF DIVERSE, INFORMED AND EFFECTIVE GRANTMAKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARYLAND PHILANTROPY NETWORK (MPN) IS A STATEWIDE MEMBERSHIP ORGANIZATION OF MORE THAN 130 PRIVATE AND COMMUNITY FOUNDATIONS, INTERMEDIARIES, CORPORATIONS, DONOR ADVISED FUNDS AND PUBLIC CHARITIES; MEMBERS STEWARD MORE THAN $9 BILLION IN FOUNDATION ASSETS. MPN PROVIDES CRITICAL INFORMATION AND SERVICES TO THE PHILANTHROPIC AND NONPROFIT COMMUNITIES THROUGH PROGRAMS AND WORKSHOPS TO EDUCATE, INSPIRE ACTION AND INFORM INVESTMENT. THE ORGANIZATION CONVENES MEMBERS TO ADDRESS ISSUES AND PROMOTE ALIGNMENT AND ACTION IN SECTORS SUCH AS HEALTH, EDUCATION, ARTS AND THE ENVIRONMENT. MPN ALSO REPRESENTS THE PHILANTHROPIC SECTOR TO KEY AUDIENCES, INCLUDING THE MEDIA, POLICYMAKERS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Dworak Program Director | 50 | $119,755 | |
Mary Ann G Osborn President / CEO (april - Dec.) | 50 | $115,180 | |
Elisabeth Hyleck Acting President / CEO (jan. - April) | 50 | $112,078 | |
Kevin Mchugh Vice Chair | OfficerTrustee | 5 | $0 |
Mari Beth Moulton Treasurer | OfficerTrustee | 3 | $0 |
Brooke Hisle Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $541,872 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,764,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,306,219 |
| Total Program Service Revenue | $461,042 |
| Investment income | $30,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,381 |
| 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 | $5,920,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $370,554 |
| 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. | $347,013 |
| Compensation of current officers, directors, key employees. | $47,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,884,850 |
| Pension plan accruals and contributions | $28,127 |
| Other employee benefits | $214,294 |
| Payroll taxes | $168,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $79,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $928,188 |
| Advertising and promotion | $0 |
| Office expenses | $24,981 |
| Information technology | $283,671 |
| Royalties | $0 |
| Occupancy | $561,878 |
| Travel | $16,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,873 |
| Insurance | $21,497 |
| All other expenses | $55,364 |
| Total functional expenses | $5,369,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,784,408 |
| Savings and temporary cash investments | $337,969 |
| Pledges and grants receivable | $648,709 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $570,534 |
| Investments—publicly traded securities | $1,458,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,044 |
| Total assets | $5,808,264 |
| Accounts payable and accrued expenses | $175,586 |
| Grants payable | $0 |
| Deferred revenue | $101,107 |
| 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 | $276,693 |
| Net assets without donor restrictions | $2,338,530 |
| Net assets with donor restrictions | $3,193,041 |
| 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 | $5,808,264 |
Grants Awarded
Over the last fiscal year, Maryland Philanthropy Network Inc has awarded $243,245 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: DIGITAL DIVIDE GRANT | $93,000 |
Washington, DC PURPOSE: REVOLVE FUND RECOVERABLE GRANT | $50,000 |
UNIVERSITY OF BALTIMORE PURPOSE: JFI WAGE RECORD STUDY-PROJECT | $42,245 |
Baltimore, MD PURPOSE: ECONOMIC MOBILITY GRANT-2021 | $31,500 |
Mashpee, MA PURPOSE: DIGITAL DIVIDE GRANT | $17,000 |
Baltimore, MD PURPOSE: ACTIVATING SMB'S TO MAKE JOBS BETTER PROJECT | $9,500 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Maryland Philanthropy Network Inc has recieved totaling $888,819.
| Awarding Organization | Amount |
|---|---|
Alliance For Open Society International Inc New York, NY PURPOSE: TO SUPPORT MARYLAND JUSTICE PROJECT, A FISCALLY SPONSORED PROJECT OF THE GRANTEE, IN EFFORTS TO REDUCE MASS INCARCERATION AND ADVANCE SOCIAL JUSTICE, WITH A FOCUS ON WOMEN AND GIRLS WHO HAVE HAD CONTACT WITH THE CRIMINAL JUSTICE SYSTEM | $239,000 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $150,000 |
Leonard And Helen R Stulman Charitable Foundation Inc Baltimore, MD PURPOSE: GENERAL | $88,480 |
Fund For Change Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $62,950 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $60,689 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $53,250 |
Endowment Analysis
| Beg. Balance | $1,376,020 |
| Earnings | $26,722 |
| Ending Balance | $1,402,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |