The Hive Md Inc
- Assets
- $8.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Westminster, MD
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-0948522
Organization Overview
The Hive Md Inc is located in Westminster, MD. The organization was established in 2017. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 12/2023, Hive MD Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hive MD 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 12/2023, Hive MD Inc generated $170.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 72.5% each year . All expenses for the organization totaled $134.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP CHILDREN, YOUTH AND FAMILIES BREAK THE CYCLE OF TRAUMA.
Describe the Organization's Program Activity:
Part 3
GROUP MENTORING PROGRAMS (DISCOVER YOU, VELOCITY, RISE UP) FOR CHILDREN AGES 5-18 YEARS OLD.
WRAPAROUND FAMILY SERVICES PROVIDES SERVICE NAVIGATION FOR FAMILIES AND INDIVIDUALS WITH COMPLEX NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katelyn Speert Ex-Officio | 40 | $8,975 | |
Laura Meck Chairman | 2 | $0 | |
Tasha Cramer Secretary | 1 | $0 | |
Michael Hanrahan Treasurer | 1 | $0 | |
Kalpesh Patel Member | 1 | $0 | |
Laura Morton Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,583 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $170,583 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,965 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $34,512 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,889 |
| Total expenses | $134,366 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,426 |
| Other assets | $0 |
| Total assets | $8,426 |
| Total liabilities | $10,000 |
| Net assets or fund balances | -$1,574 |