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Nonprofiteer
← MPT FOUNDATION INC

Form 990 for tax year 2022

Filed by MPT FOUNDATION INC.

Totals

Total revenue
$5,480,845
Total expenses
$4,849,818
Contributions and grants received
$5,144,407
Grants paid
$2,829,885
Program service revenue
$0
Investment income
$261,399
Other revenue
$75,039
Total assets, end of year
$16,899,604
Total liabilities, end of year
$95,813
Net assets or fund balances, end of year
$16,803,791
Program services expenses (Part IX)
$2,881,885
Management and general expenses
$347,424
Fundraising expenses
$1,620,509
Program service expenses (Part III)
$2,881,885

Program services were 59.4% 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.

  • 1f · All other contributions, gifts and grants

    $5,144,407

  • 3 · Investment income

    total $214,596 · excluded $214,596

  • 7a · Gross sales of assets other than inventory

    securities $1,708,707

  • 7b · Less cost or other basis and sales expenses

    securities $1,661,904

  • 7c · Gain or loss

    securities $46,803

  • 7d · Net gain or loss

    total $46,803 · excluded $46,803

  • 8a · Fundraising events: gross income

    $9,348

  • 8b · Fundraising events: direct expenses

    $32,437

  • 8c · Net income from fundraising events

    total -$23,089 · excluded -$23,089

  • 9a · Gaming: gross income

    $86,670

  • 9b · Gaming: direct expenses

    $15,304

  • 9c · Net income from gaming

    total $71,366 · excluded $71,366

  • 11a · Other revenue: AD INCOME

    total $18,450 · unrelated business $18,450

  • 11b · Other revenue: TRAVEL COMMISSIONS

    total $9,425 · unrelated business $9,425

  • 11c · Other revenue: INCOME FROM PTMMG

    total -$1,113 · unrelated business -$1,113

  • 11e · Other revenue, total

    $26,762

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,829,885 · program services $2,829,885

  • 7 · Other salaries and wages

    total $525,327 · management and general $83,531 · fundraising $441,796

  • 9 · Other employee benefits

    total $32,912 · management and general $9,229 · fundraising $23,683

  • 10 · Payroll taxes

    total $41,368 · management and general $6,181 · fundraising $35,187

  • 11c · Fees: accounting

    total $102,282 · program services $52,000 · management and general $50,282

  • 11e · Fees: professional fundraising services

    total $305,655 · fundraising $305,655

  • 11g · Fees: other

    total $5,928 · management and general $5,928

  • 13 · Office expenses

    total $51,528 · management and general $16,267 · fundraising $35,261

  • 14 · Information technology

    total $72,000 · fundraising $72,000

  • 16 · Occupancy

    total $30,000 · management and general $30,000

  • 17 · Travel

    total $258,728 · management and general $63,525 · fundraising $195,203

  • 24a · Other expenses: REIMBURSEMENTS - MPBC

    total $560,530 · management and general $70,801 · fundraising $489,729

  • 24b · Other expenses: PROGRAM GUIDE AD SPACE

    total $18,450 · fundraising $18,450

  • 24c · Other expenses: DUES

    total $15,225 · management and general $11,680 · fundraising $3,545

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,190,490 · end of year $3,931,638

  • 4 · Accounts receivable

    beginning of year $2,075,273 · end of year $760,512

  • 11 · Investments: publicly traded securities

    beginning of year $9,379,437 · end of year $12,207,454

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,215 · end of year $83,613

  • 25 · Other liabilities

    beginning of year $55,000 · end of year $12,200

  • 27 · Net assets without donor restrictions

    beginning of year $8,433,402 · end of year $9,931,093

  • 28 · Net assets with donor restrictions

    beginning of year $7,102,583 · end of year $6,872,698

Mission and programs · 2022

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT AND PROMOTE THE OBJECTIVES OF THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT) IN THE FOLLOWING WAYS: 1) TO FACILITATE FUND RAISING PROGRAMS AND CONTRIBUTIONS FROM PRIVATE SOURCES TO FOSTER AND PROMOTE THE GENERAL WELFARE OF MPT 2) TO PROMOTE, SPONSOR, AND IMPLEMENT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND CULTURAL ACTIVITIES FOR THE BENEFIT OF MPT AND 3) TO ACCUMULATE AND PROVIDE FUNDS TO BE INVESTED AND TO UTILIZE THE PRINCIPAL AND INCOME THEREOF FOR ACTIVITIES THAT ENHANCE AND FURTHER THE MISSION OF MPT.

Activities or mission (Part I)

TO SUPPORT THE ACTIVITIES OF THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT)

  • SUPPORT GRANTS TO THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT) AND GENERAL, PROGRAMMING AND MEMBERSHIP SUPPORT PROVIDED TO MPT

    Expenses $2,881,885 · Grants $2,829,885

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alfred R Berkeley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tyrone Taborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Stanley Rodbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Shelly Gardeniers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Robert C Douglas Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Richard Bodorff

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Rhea Feikin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Rebecca J Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Ullman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Patrick Butler

    EMERITUS

    Total calculated
    $0
    Hours/week
    0.5
  • Mary Louise Preis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • W Thomas Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kathryn D Lindquist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • John Anthony Wolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Harry Kassap

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • H King Corbett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ellie Wang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Elaine Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Edward H Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Shailaja Didolkar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Betty Molina Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Beth Suarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ann K Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joy Thomas Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • William B Gilmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Larry D Unger

    PRESIDENT

    Total calculated
    $297,287
    From this org
    $0
    From related orgs
    $297,287
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $297,287 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $297,287 related
  • Erin Chrest

    SECRETARY

    Total calculated
    $120,424
    From this org
    $0
    From related orgs
    $120,424
    Other
    $0
    Hours/week
    1
  • Suzanne Schwertman

    TREASURER

    Total calculated
    $153,666
    From this org
    $0
    From related orgs
    $153,666
    Other
    $0
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $153,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,666 related

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

  • MARYLAND PUBLIC BROADCASTING COMMISSION

    $0

    TO SUPPORT MARYLAND PUBLIC TELEVISION

Provenance

Return type
form_990
Tax year
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202410609349301476

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