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Nonprofiteer
← CASH CAMPAIGN OF MARYLAND INC

Form 990 for tax year 2023

Filed by CASH CAMPAIGN OF MARYLAND INC.

Totals

Total revenue
$9,553,623
Total expenses
$10,167,201
Contributions and grants received
$9,184,129
Grants paid
$6,736,650
Program service revenue
$298,175
Investment income
$68,950
Other revenue
$2,369
Total assets, end of year
$2,773,981
Total liabilities, end of year
$1,198,063
Net assets or fund balances, end of year
$1,575,918
Program services expenses (Part IX)
$9,812,835
Management and general expenses
$290,971
Fundraising expenses
$63,395
Program service expenses (Part III)
$9,812,835

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,737,677

  • 1f · All other contributions, gifts and grants

    $5,446,452

  • 2a · Program service revenue: OTHER PROGRAMS

    total $140,300 · related or exempt $140,300

  • 2b · Program service revenue: REGISTRATION INCOME

    total $126,910 · related or exempt $126,910

  • 2c · Program service revenue: TRAINING CLASSES

    total $30,965 · related or exempt $30,965

  • 3 · Investment income

    total $68,950 · excluded $68,950

  • 11a · Other revenue: REIMBURSEMENT INCOME

    total $2,369 · excluded $2,369

  • 11e · Other revenue, total

    $2,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $777,077 · program services $777,077

  • 2 · Grants to domestic individuals

    total $5,959,573 · program services $5,959,573

  • 5 · Compensation of officers, directors and key employees

    total $328,603 · program services $288,671 · management and general $29,822 · fundraising $10,110

  • 7 · Other salaries and wages

    total $1,374,003 · program services $1,207,036 · management and general $124,694 · fundraising $42,273

  • 8 · Pension plan contributions

    total $40,029 · program services $35,164 · management and general $3,633 · fundraising $1,232

  • 9 · Other employee benefits

    total $188,106 · program services $165,248 · management and general $17,071 · fundraising $5,787

  • 10 · Payroll taxes

    total $129,793 · program services $114,021 · management and general $11,779 · fundraising $3,993

  • 11c · Fees: accounting

    total $77,986 · program services $62,518 · management and general $15,468

  • 11g · Fees: other

    total $231,078 · program services $185,246 · management and general $45,832

  • 12 · Advertising and promotion

    total $181,832 · program services $181,832

  • 13 · Office expenses

    total $109,264 · program services $107,503 · management and general $1,761

  • 14 · Information technology

    total $551,356 · program services $532,580 · management and general $18,776

  • 16 · Occupancy

    total $65,321 · program services $55,756 · management and general $9,565

  • 17 · Travel

    total $61,140 · program services $52,827 · management and general $8,313

  • 19 · Conferences, conventions and meetings

    total $17,067 · program services $17,067

  • 22 · Depreciation, depletion and amortization

    total $35,255 · program services $31,729 · management and general $3,526

  • 23 · Insurance

    total $19,398 · program services $18,737 · management and general $661

  • 24a · Other expenses: MISC EXPENSES

    total $15,470 · program services $15,400 · management and general $70

  • 24b · Other expenses: PRINTING & REPRODUCTION

    total $4,850 · program services $4,850 · management and general $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,338,222 · end of year $1,719,927

  • 3 · Pledges and grants receivable

    beginning of year $746,121 · end of year $682,630

  • 9 · Prepaid expenses and deferred charges

    beginning of year $219,028 · end of year $13,188

  • 10a · Land, buildings and equipment: cost or other basis

    $154,940

  • 10b · Land, buildings and equipment: accumulated depreciation

    $119,484

  • 10c · Land, buildings and equipment, net

    beginning of year $53,419 · end of year $35,456

  • 15 · Other assets

    beginning of year $388,085 · end of year $322,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $170,537 · end of year $877,876

  • 25 · Other liabilities

    beginning of year $384,842 · end of year $320,187

  • 27 · Net assets without donor restrictions

    beginning of year $866,267 · end of year $1,019,011

  • 28 · Net assets with donor restrictions

    beginning of year $1,323,229 · end of year $556,907

Mission and programs · 2023

Mission

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.

  • FINANCIAL CAPABILITY SERVICES INCLUDE 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 2024, CASH GAINED 140 FINANCIAL COACHING CLIENTS. SIXTY PERCENT INCREASED THEIR CREDIT SCORES BY AN AVERAGE OF THIRTY-NINE POINTS AND 49% DECREASED CONSUMER DEBT. CASH AND PARTNERS OFFERED 269 FINANCIAL EDUCATION CLASSES TO 8,458 INDIVIDUALS AND 10,268 PEOPLE WERE SERVED THROUGH 115 OUTREACH EVENTS. CASH SCREENED 245 HOUSEHOLDS FOR BENEFITS, RESULTING IN $280,845 BENEFITS. CASH AND PARTNERS PREPARED 19,057 FREE TAX RETURNS, RETURNING $30 MILLION TO RESIDENTS, SAVING THEM $5.4 MILLION IN TAX PREPARATION FEES. THIS WOULD NOT HAVE BEEN POSSIBLE WITHOUT THE 521 VOLUNTEERS WHO DONATED THEIR TIME ACROSS FIFTY-FOUR SITES ACROSS MARYLAND.

    Expenses $2,889,947 · Grants $777,077

  • PRACTITIONER TRAINING AND CAPACITY BUILDING INCLUDES VOLUNTEER AND PARTNER TRAINING, FEE FOR CUSTOMIZED SERVICE TRAINING, AND TECHNICAL ASSISTANCE. IN 2024, 645 PRACTITIONERS WERE TRAINED THROUGH THIRTY-THREE EVENTS.

    Expenses $770,652 · Revenue $298,175

  • POLICY RESEARCH AND ADVOCACY FOCUSES ON POLICIES THAT HELP OR HINDER THE FINANCIAL SECURITY OF LOW-TO-MODERATE INCOME MARYLANDERS. IN 2024, CASH TRACKED 160 BILLS AND PROVIDE ORAL OR WRITTEN TESTIMONY ON SEVENTY-NINE BILLS. OF THESE, TWENTY-SEVEN BILLS PASSED.

    Expenses $192,663

  • THE BALTIMORE YOUNG FAMILIES SUCCESS FUND (BYFSF) IS A GUARANTEED INCOME PILOT PROJECT LAUNCHED BY MAYOR BRANDON M. SCOTT TO PROVIDE 200 YOUNG PARENTS, BETWEEN 18-24 YEARS OLD, WITH AN UNCONDITIONAL CASH PAYMENT OF $1,000 PER MONTH OVER THE COURSE OF 24 MONTHS. THE FIRST PAYMENT WENT OUT IN AUGUST 2022 AND THE FINAL PAYMENT WILL BE IN JULY 2024.

    Expenses $5,959,573 · Grants $5,959,573

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOANNA SMITH-RAMANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY JEAN HERRON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MEG WOODSIDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANIE STYLES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HARRIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PETER HAUKEBO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMASINA HIERS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TRACI KODECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN SHIPLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN MCKINNEY

    CEO

    Total calculated
    $161,395
    From this org
    $152,800
    From related orgs
    $0
    Other
    $8,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,800
    Bonus
    $21,000
    Other
    $0
    Deferred
    $5,862
    Nontaxable benefits
    $2,733
    Filer's total
    $161,395

  • SARA JOHNSON

    COO

    Total calculated
    $167,208
    From this org
    $139,730
    From related orgs
    $0
    Other
    $27,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,730
    Bonus
    $13,000
    Other
    $0
    Deferred
    $5,782
    Nontaxable benefits
    $21,696
    Filer's total
    $167,208

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202500909349300035

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