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← MTM FOUNDATION

Form 990 for tax year 2024

Filed by MTM FOUNDATION.

Totals

Total revenue
$593,884
Total expenses
$565,259
Contributions and grants received
$593,884
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$82,088
Total liabilities, end of year
$3,731
Net assets or fund balances, end of year
$78,357
Program services expenses (Part IX)
$217,426
Management and general expenses
$347,833
Fundraising expenses
$0
Program service expenses (Part III)
$217,426

Program services were 38.5% 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)

    $593,884

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $175,441 · program services $69,738 · management and general $105,703

  • 11a · Fees: management

    total $217,078 · program services $77,915 · management and general $139,163

  • 12 · Advertising and promotion

    total $933 · program services $374 · management and general $559

  • 13 · Office expenses

    total $10,667 · program services $4,060 · management and general $6,607

  • 16 · Occupancy

    total $1,613 · program services $211 · management and general $1,402

  • 17 · Travel

    total $90,801 · program services $36,405 · management and general $54,396

  • 19 · Conferences, conventions and meetings

    total $763 · program services $306 · management and general $457

  • 22 · Depreciation, depletion and amortization

    total $573 · management and general $573

  • 23 · Insurance

    total $3,726 · program services $1,209 · management and general $2,517

  • 24a · Other expenses: BANK CHARGES

    total $142 · program services $57 · management and general $85

  • 24b · Other expenses: EQUIPMENT NON CAPITAL

    total $1,357 · program services $1,336 · management and general $21

  • 24c · Other expenses: MEALS

    total $10,875 · program services $4,360 · management and general $6,515

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $4,450 · program services $3,000 · management and general $1,450

  • 24e · All other expenses

    total $46,840 · program services $18,455 · management and general $28,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,143 · end of year $4,368

  • 14 · Intangible assets

    beginning of year $77,147 · end of year $77,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,558 · end of year $3,731

  • 27 · Net assets without donor restrictions

    beginning of year $49,732 · end of year $78,357

Mission and programs · 2024

Mission

To provide an interractive and comprehensive professional development program that guide youth down the pathways of college and entreprenurship, while providing essential tools to create generational wealth.

  • MTM Foundation provided an aggregate of 6,480 hour of service to more than 60 scholars during our summer program with a grant from Baltimore Children Youth Fund. Fifty scholars participated in our CEO Club where they engaged with our professional Youth Advocates to learn how to start and effectively run a small business. The Foundation provided grant services to Behavioral Health Systems Baltimore to service 60 youth during our after-school program called Project Toward No Drug. We implemented this program into two local high schools and citywide (St. Frances Academy and CO Academy. We provided 11,520 of service hours guiding youth down the pathway of college and no drugs. We received a grant to support our Entrepeneuship and college readiness program to exoand our service throughout Baltimore from Family League of Baltimore. The funds supported 45 scholars and covered their Historically Black Colleges and Universities (HBCU) college tour including lodging, culinary, transportation, clothing/shirts and snacks. The college tour was a hugh success as 74 scholars over the course of all program were accepted ino college. We recorded over 30 new businesses were registered with the State of Maryland.

    Expenses $217,426 · Grants $217,426

As filed on the 2024 return.

Listed in Part VII

  • JAMES HENDERSON Sr

    PRESIDENT

    Total calculated
    $30,800
    From this org
    $30,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Nicholas Myles

    YOUTH ADVOCATE

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Sharisse Johnson

    ADMIN ASSISTANT OF THE BOARD

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Priscilla Green

    DIRECTOR OF YOUTH ENGAGEMENT

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Jetera Long

    ASSISTANT DIRECTOR OF YOUTH ENGAGEM

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Kurk Gaddy

    YOUTH ADVOCATE

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Curtis Henderson

    VICE CHARIMAN OF THE BOARD

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202521359349316177

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