First Maryland Disability Trust Inc
- Assets
- $6.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Lutherville, MD
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 56-2519036
Organization Overview
First Maryland Disability Trust Inc is located in Lutherville, MD. The organization was established in 2006. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, First Maryland Disability Trust Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Maryland Disability Trust 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 12/2021, First Maryland Disability Trust Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 18.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING TRUST SERVICES TO INDIVIDUALS WITH DISABILITIES OF ALL AGES THROUGHOUT MARYLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COST EFFECTIVE TRUST SERVICES FOR FAMILIES TO PROVIDE FOR THE NEEDS OF THEIR DISABLED FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Fike Executive Dir. | Officer | 40 | $133,188 |
Kenneth Hoefer President | OfficerTrustee | 1 | $0 |
Mallory Legg Secretary | OfficerTrustee | 1 | $0 |
Michael Levine Treasurer | Officer | 1 | $0 |
Eric Jorgensen Director | Trustee | 1 | $0 |
Natasha N Ludwig Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,071,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,071,644 |
| Total Program Service Revenue | $1,058,733 |
| Investment income | $48,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,200 |
| Net Gain/Loss on Asset Sales | $31,907 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,212,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,337 |
| Pension plan accruals and contributions | $18,259 |
| Other employee benefits | $33,796 |
| Payroll taxes | $49,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,333 |
| Fees for services: Accounting | $24,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,849 |
| Advertising and promotion | $43,943 |
| Office expenses | $53,522 |
| Information technology | $27,828 |
| Royalties | $0 |
| Occupancy | $91,394 |
| Travel | $2,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,771 |
| Insurance | $21,269 |
| All other expenses | $0 |
| Total functional expenses | $1,168,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,431 |
| Savings and temporary cash investments | $199,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,236 |
| 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 | $23,296 |
| Net Land, buildings, and equipment | $60,080 |
| Investments—publicly traded securities | $4,002,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,418,751 |
| Total assets | $5,995,096 |
| Accounts payable and accrued expenses | $44,169 |
| 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 | $1,430,492 |
| Total liabilities | $1,474,661 |
| Net assets without donor restrictions | $4,520,435 |
| 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 | $5,995,096 |
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|---|---|---|
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Mountain Empire Older Citizens Inc Big Stone Gap, VA | $8,808,055 | $17,898,946 |
Central West Virginia Aging Services Inc Buckhannon, WV | $10,635,053 | $17,319,473 |
Appalachian Agency For Senior Citizens Cedar Bluff, VA | $13,226,617 | $17,944,269 |
Wvsc Metro Area Agency On Aging Inc Dunbar, WV | $2,022,123 | $10,856,707 |
The 60 Plus Association Inc Alexandria, VA | $451,230 | $11,797,770 |
Blair Senior Services Inc Altoona, PA | $9,557,910 | $10,335,546 |
Appalachian Area Agency On Aging Inc Princeton, WV | $1,152,038 | $9,615,671 |
Cheer Inc Georgetown, DE | $13,939,412 | $9,138,607 |
Senior Connections The Capital Area Agency On Aging Richmond, VA | $3,890,692 | $8,738,746 |
Seabury Resources For Aging Washington, DC | $14,104,200 | $8,799,775 |