Skip to content
Nonprofiteer
← MARYLAND PHILANTHROPY NETWORK INC

Form 990 for tax year 2023

Filed by MARYLAND PHILANTHROPY NETWORK INC.

Totals

Total revenue
$7,072,416
Total expenses
$6,211,236
Contributions and grants received
$6,319,012
Grants paid
$1,083,095
Program service revenue
$523,912
Investment income
$74,839
Other revenue
$154,653
Total assets, end of year
$6,735,334
Total liabilities, end of year
$651,488
Net assets or fund balances, end of year
$6,083,846
Program services expenses (Part IX)
$4,808,885
Management and general expenses
$1,230,073
Fundraising expenses
$172,278
Program service expenses (Part III)
$4,808,885

Program services were 77.4% 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.

  • 1b · Membership dues

    $558,230

  • 1f · All other contributions, gifts and grants

    $5,760,782

  • 2a · Program service revenue: CONSULTING SERVICES

    total $312,082 · related or exempt $312,082

  • 2b · Program service revenue: SPONSORSHIPS

    total $128,998 · related or exempt $128,998

  • 2c · Program service revenue: COWORKING FEES

    total $60,371 · related or exempt $60,371

  • 2d · Program service revenue: PLAN EXTRAS

    total $14,843 · related or exempt $14,843

  • 2e · Program service revenue: EARNED FEES- MISCELLAN

    total $7,618 · related or exempt $7,618

  • 3 · Investment income

    total $74,839 · excluded $74,839

  • 6a · Gross rents

    real property $154,653

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $154,653

  • 6d · Net rental income or loss

    total $154,653 · excluded $154,653

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,083,095 · program services $1,083,095

  • 5 · Compensation of officers, directors and key employees

    total $354,523 · program services $270,673 · management and general $62,887 · fundraising $20,963

  • 7 · Other salaries and wages

    total $1,743,476 · program services $1,331,113 · management and general $309,273 · fundraising $103,090

  • 8 · Pension plan contributions

    total $29,484 · program services $22,511 · management and general $5,230 · fundraising $1,743

  • 9 · Other employee benefits

    total $210,440 · program services $160,667 · management and general $37,330 · fundraising $12,443

  • 10 · Payroll taxes

    total $145,505 · program services $111,090 · management and general $25,811 · fundraising $8,604

  • 11b · Fees: legal

    total $15,882 · program services $11,426 · management and general $4,456

  • 11c · Fees: accounting

    total $125,113 · program services $90,014 · management and general $35,099

  • 11g · Fees: other

    total $1,018,076 · program services $732,466 · management and general $285,610

  • 13 · Office expenses

    total $140,129 · program services $102,656 · management and general $37,473

  • 14 · Information technology

    total $164,116 · program services $120,229 · management and general $43,887

  • 16 · Occupancy

    total $326,505 · program services $222,294 · management and general $89,083 · fundraising $15,128

  • 17 · Travel

    total $68,304 · program services $50,038 · management and general $18,266

  • 19 · Conferences, conventions and meetings

    total $28,143 · management and general $28,143

  • 22 · Depreciation, depletion and amortization

    total $67,406 · program services $4,536 · management and general $62,870

  • 23 · Insurance

    total $18,358 · program services $12,499 · management and general $5,008 · fundraising $851

  • 24a · Other expenses: FISCAL SPONSOR FEE

    total $340,499 · program services $240,043 · management and general $100,456

  • 24b · Other expenses: COMMUNICATION AND WORKS

    total $171,164 · program services $120,666 · management and general $50,498

  • 24c · Other expenses: CLIENT SUPPORT AND MISC

    total $159,919 · program services $122,094 · management and general $28,369 · fundraising $9,456

  • 24d · Other expenses: CHUCG PURCHASES

    total $1,099 · program services $775 · management and general $324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,465,898 · end of year $3,614,575

  • 2 · Savings and temporary cash investments

    beginning of year $38,013 · end of year $38,017

  • 3 · Pledges and grants receivable

    beginning of year $251,909 · end of year $431,232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,088 · end of year $25,723

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

    $938,779

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

    $389,244

  • 10c · Land, buildings and equipment, net

    beginning of year $570,534 · end of year $549,535

  • 11 · Investments: publicly traded securities

    beginning of year $1,240,250 · end of year $1,630,504

  • 15 · Other assets

    beginning of year $0 · end of year $445,748

  • 17 · Accounts payable and accrued expenses

    beginning of year $224,684 · end of year $250,839

  • 19 · Deferred revenue

    beginning of year $106,080 · end of year $7,590

  • 25 · Other liabilities

    beginning of year $0 · end of year $393,059

  • 27 · Net assets without donor restrictions

    beginning of year $6,839,051 · end of year -$760,590

  • 28 · Net assets with donor restrictions

    beginning of year -$1,561,123 · end of year $6,844,436

Mission and programs · 2023

Mission

MARYLAND PHILANTROPY NETWORK (MPN) MAXIMIZES THE IMPACT OF PHILANTHROPIC GIVING ON COMMUNITY LIFE THROUGH A GROWING NETWORK OF DIVERSE, INFORMED AND EFFECTIVE GRANTMAKERS.

Activities or mission (Part I)

MARYLAND PHILANTROPY NETWORK (MPN) MAXIMIZES THE IMPACT OF PHILANTHROPIC GIVING THROUGH A NETWORK OF GRANTMAKERS. MPN MAXIMIZES THE IMPACT OF PHILANTHROPIC GIVING ON COMMUNITY LIFE THROUGH A GROWING NETWORK OF DIVERSE, INFORMED AND EFFECTIVE GRANTMAKERS.

  • MARYLAND PHILANTROPY NETWORK (MPN) IS A STATEWIDE MEMBERSHIP ORGANIZATION OF MORE THAN 130 PRIVATE AND COMMUNITY FOUNDATIONS, INTERMEDIARIES, CORPORATIONS, DONOR ADVISED FUNDS AND PUBLIC CHARITIES; MEMBERS STEWARD MORE THAN $9 BILLION IN FOUNDATION ASSETS. MPN PROVIDES CRITICAL INFORMATION AND SERVICES TO THE PHILANTHROPIC AND NONPROFIT COMMUNITIES THROUGH PROGRAMS AND WORKSHOPS TO EDUCATE, INSPIRE ACTION AND INFORM INVESTMENT. THE ORGANIZATION CONVENES MEMBERS TO ADDRESS ISSUES AND PROMOTE ALIGNMENT AND ACTION IN SECTORS SUCH AS HEALTH, EDUCATION, ARTS AND THE ENVIRONMENT. MPN ALSO REPRESENTS THE PHILANTHROPIC SECTOR TO KEY AUDIENCES, INCLUDING THE MEDIA, POLICYMAKERS AND THE GENERAL PUBLIC.

    Expenses $4,808,885 · Grants $1,083,095 · Revenue $523,912

As filed on the 2023 return.

Listed in Part VII

  • David Daniels

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mari Beth Moulton

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Brooke Hisle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tracey Barbour-Gillett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tanya Jones Terrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Talib Horne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Gross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erica Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Keely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Destiny-Simone Ramjohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shanaysha Sauls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Franklin McNeil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin McHugh

    INTERIM PRESIDENT / CEO (NOV 2022 - OCT 2023)

    Total calculated
    $86,250
    From this org
    $86,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Danista Hunte

    PRESIDENT / CEO (STARTED OCTOBER )

    Total calculated
    $39,577
    From this org
    $39,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349324175

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.