Mph Bank Foundation Inc
- Assets
- $672.0k
- Revenue
- $118.1k
- Investments
- $708.5k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/1955
- Data as of
- 08/2024
- EIN
- 52-6037720
Organization Overview
Mph Bank Foundation Inc is located in Baltimore, MD. The organization was established in 1955. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mph Bank Foundation 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 08/2024, Mph Bank Foundation Inc generated $118.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $75.1k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Mph Bank Foundation Inc has awarded 28 individual grants totaling $155,000. 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 |
|---|---|---|---|
Herbert M Bank Trustee | 0.2 | $0 | |
Penny Bank Trustee | 0.2 | $0 | |
David Lehmann Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,257 |
| Capital Gain Net Income | $93,257 |
| Net ST Capital Gain | $93,257 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $187 |
| Total operating and administrative expenses | $15,123 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $75,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$36,531 |
| Savings and temporary cash investments | $0 |
| 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 | $4 |
| Total assets | $671,992 |
| 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, Mph Bank Foundation Inc has awarded $60,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT | $5,000 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT | $4,000 |
GARRISON FOREST SCHOOL PURPOSE: SUPPORT | $4,500 |
CHESTNUT RIDGE VOLUNTEER FIRE COMPA PURPOSE: SUPPORT | $2,500 |
JOHNS HOPKINS ANNUAL FUND PURPOSE: SUPPORT | $3,000 |
LAKE ERIE COLLEGE PURPOSE: SUPPORT | $3,000 |