Cash Campaign Of Maryland Inc
- Assets
- $1.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Baltimore, MD
- Founding
- 08/2017
- Data as of
- 06/2021
- EIN
- 81-4607977
Organization Overview
Cash Campaign Of Maryland Inc is located in Baltimore, MD. The organization was established in 2017. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 06/2021, Cash Campaign Of Maryland Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cash Campaign Of Maryland 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 06/2021, Cash Campaign Of Maryland Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cash Campaign Of Maryland Inc has awarded 46 individual grants totaling $773,002. 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
THE CASH CAMPAIGN OF MARYLAND PROMOTES ECONOMIC ADVANCEMENT FOR LOW-TO-MODERATE INCOME INDIVIDUALS AND FAMILIES IN BALTIMORE AND ACROSS MARYLAND. CASH ACCOMPLISHES ITS MISSION THROUGH OPERATING A PORTFOLIO OF DIRECT SERVICE PROGRAMS, BUILDING ORGANIZATIONAL AND FIELD CAPACITY, AND LEADING POLICY AND ADVOCACY INITIATIVES TO STRENGTHEN FAMILY ECONOMIC STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL CAPABILITY SERVICES INCLUDING FREE TAX PREPARATION, FINANCIAL EDUCATION, FINANCIAL COACHING, AND SCREENING FOR PUBLIC BENEFITS. FREE TAX PREPARATION IS OFFERED THROUGH THE IRS VOLUNTEER INCOME TAX PREPARATION ASSISTANCE PROGRAM. IN 2020, CASH AND ITS PARTNERS PREPARED 24,500 FREE TAX RETURNS, PROVIDING $34 MILLION IN REFUNDS TO LOW INCOME TAXPAYERS. TAXES WERE PREPARED BY 659 IRS CERTIFIED VOLUNTEERS AT 45 SITES ACROSS 19 COUNTIES. OVER 80 VOLUNTEER EDUCATORS AND COACHES PROVIDED FREE FINANCIAL EDUCATION TO 8,553 PARTICIPANTS IN 486 WORKSHOPS, AND COACHED 231 INDIVIDUALS. OVER 297 HOUSEHOLDS WERE SCREENED FOR PUBLIC BENEFITS WORTH $449,550.
PRACTITIONER TRAINING AND CAPACITY BUILDING INCLUDES VOLUNTEER AND PARTNER TRAINING, FEE FOR SERVICE CUSTOMIZED TRAINING, AND TECHNICAL ASSISTANCE. IN 2020, CASH PROVIDED TRAINING TO 1,069 PRACTITIONERS. CASH OFFERS AN ANNUAL FINANCIAL EDUCATION SUMMIT AND BI-ENNIAL COMMON CENTS CONFERENCE.
POLICY RESEARCH AND ADVOCACY FOCUSES ON POLICIES THAT HELP OR HINDER THE FINANCIAL SECURITY OF LOW-TO-MODERATE INCOME MARYLANDERS. IN 2020, CASH SUCCESSFULLY EDUCATED POLICYMAKERS ON EXPANDING THE EARNED INCOME TAX CREDIT FOR YOUNG, SINGLE WORKERS. CASH TRACKED 224 BILLS AND SUPPORTED 66 THROUGH WRITTEN OR ORAL TESTIMONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Mckinney CEO | Officer | 40 | $112,335 |
Sara Johnson COO | Officer | 40 | $107,138 |
Thomasina Hiers Secretary | Trustee | 1 | $0 |
Mary Jean Herron Treasurer | Trustee | 1 | $0 |
Laura Taylor Director | Trustee | 1 | $0 |
Walkiria Pool Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $792,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,294,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,087,575 |
| Total Program Service Revenue | $80,830 |
| Investment income | $219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,174,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,995 |
| 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. | $244,143 |
| Compensation of current officers, directors, key employees. | $28,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,880 |
| Pension plan accruals and contributions | $8,904 |
| Other employee benefits | $108,201 |
| Payroll taxes | $95,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,057 |
| Advertising and promotion | $69,240 |
| Office expenses | $102,588 |
| Information technology | $64,123 |
| Royalties | $0 |
| Occupancy | $84,626 |
| Travel | $403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,094 |
| Insurance | $13,238 |
| All other expenses | $0 |
| Total functional expenses | $2,066,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $477,017 |
| 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 | $12,389 |
| Net Land, buildings, and equipment | $38,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,646 |
| Total assets | $1,565,207 |
| Accounts payable and accrued expenses | $97,424 |
| 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 | $155,855 |
| Other liabilities | $11,743 |
| Total liabilities | $265,022 |
| Net assets without donor restrictions | $900,377 |
| Net assets with donor restrictions | $399,808 |
| 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 | $1,565,207 |
Grants Awarded
Over the last fiscal year, Cash Campaign Of Maryland Inc has awarded $156,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Salisbury, MD PURPOSE: PROVIDE FREE TAX PREP FOR LOW-INCOME TAXPAYERS. | $30,000 |
Cumberland, MD PURPOSE: PROVIDE FREE TAX PREP FOR LOW-INCOME TAXPAYERS. | $28,500 |
La Plata, MD PURPOSE: PROVIDE FREE TAX PREP FOR LOW-INCOME TAXPAYERS. | $20,000 |
Hyattsville, MD PURPOSE: PROVIDE FREE TAX PREP FOR LOW-INCOME TAXPAYERS. | $15,000 |
Largo, MD PURPOSE: PROVIDE FREE TAX PREP FOR LOW-INCOME TAXPAYERS. | $15,000 |
Westminster, MD PURPOSE: PROVIDE FREE TAX PREP FOR LOW-INCOME TAXPAYERS. | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Cash Campaign Of Maryland Inc has recieved totaling $966,657.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT THE GENERAL OPERATING BUDGET OF A STATEWIDE ORGANIZATION THAT COORDINATES AND PROVIDES FREE INCOME TAX RETURN PREPARATION SERVICES AND ASSET BUILDING ACTIVITIES. | $250,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $150,000 |
Structured Employment Economic Development Corporation New York, NY PURPOSE: WORK & FAMILY | $92,680 |
Woodside Foundation Baltimore, MD PURPOSE: OPERATING SUPPORT/SPIN | $63,700 |
The Abell Foundation Inc Baltimore, MD PURPOSE: WORKFORCE DEVELOPMENT | $60,000 |
The Abell Foundation Inc Baltimore, MD PURPOSE: WORKFORCE DEVELOPMENT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humentum Washington, DC | $3,896,322 | $9,731,950 |
National Foundation For Credit Counseling Inc Washington, DC | $8,192,491 | $8,760,104 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Consumer Credit Counseling Service Of Maryland And Delaware Inc Columbia, MD | $10,074,197 | $2,872,253 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Maryland Capital Enterprises Inc Salisbury, MD | $12,872,521 | $4,572,736 |
Cash Campaign Of Maryland Inc Baltimore, MD | $1,565,207 | $2,174,273 |
Life Asset Inc Washington, DC | $6,492,765 | $2,953,313 |
Salt Financial Literacy International Hollidaysburg, PA | $86,865 | $697,593 |
Housing Options & Planning Enterprises Inc Oxon Hill, MD | $202,491 | $697,836 |
Credit Counseling Center Richboro, PA | $590,787 | $438,639 |