Totals
- Total revenue
- $2,568,270
- Total expenses
- $534,903
- Contributions and grants received
- $2,568,270
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,364,676
- Total liabilities, end of year
- $331,309
- Net assets or fund balances, end of year
- $2,033,367
- Program services expenses (Part IX)
- $457,649
- Management and general expenses
- $77,254
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $457,649
Program services were 85.6% 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
$2,568,270
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $319,863 · program services $300,945 · management and general $18,918
-
10 · Payroll taxes
total $24,548 · program services $22,954 · management and general $1,594
-
11b · Fees: legal
total $23,503 · management and general $23,503
-
11c · Fees: accounting
total $7,500 · management and general $7,500
-
11f · Fees: investment management
total $2,025 · management and general $2,025
-
11g · Fees: other
total $58,883 · program services $37,084 · management and general $21,799
-
12 · Advertising and promotion
total $75,663 · program services $75,663
-
13 · Office expenses
total $4,778 · program services $4,109 · management and general $669
-
14 · Information technology
total $8,457 · program services $7,274 · management and general $1,183
-
17 · Travel
total $1,092 · program services $1,092
-
19 · Conferences, conventions and meetings
total $7,996 · program services $7,996
-
24a · Other expenses: OTHER EXPENSES
total $532 · program services $532
-
24b · Other expenses: BANK FEES
total $63 · management and general $63
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $1,650,682
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $710,000
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $3,994
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $49,796
-
25 · Other liabilities
beginning of year $0 · end of year $281,513
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $2,033,367
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO MOBILIZE ECOSYSTEM-WIDE SUPPORT IN THE AREAS OF ENTREPRENEURSHIP AND TECHNOLOGY FOR MORE BALTIMOREANS, WITH AN INTENTIONAL FOCUS ON UNDERREPRESENTED AND UNDERSERVED COMMUNITIES, AND PROMOTE COMMUNITY WELFARE BY OFFERING ACCESS TO EDUCATIONAL PROGRAMMING AND OTHER INITIATIVES THAT PROMOTE SOCIAL MOBILITY, AND THE DEVELOPMENT OF PATHWAYS TO BUSINESS OWNERSHIP AND EMPLOYMENT IN THE KNOWLEDGE ECONOMY.
-
THE PROGRAM SERVES TO MOBILIZE ECOSYSTEM-WIDE SUPPORT IN THE AREAS OF ENTREPRENEURSHIP AND TECHNOLOGY FOR MORE BALTIMOREANS, WITH AN INTENTIONAL FOCUS ON UNDERREPRESENTED AND UNDERSERVED COMMUNITIES, AND PROMOTE COMMUNITY WELFARE BY OFFERING ACCESS TO EDUCATIONAL PROGRAMMING AND OTHER INITIATIVES THAT PROMOTE SOCIAL MOBILITY, AND THE DEVELOPMENT OF PATHWAYS TO BUSINESS OWNERSHIP AND EMPLOYMENT IN THE KNOWLEDGE ECONOMY.
Expenses $457,649
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael HankinMICHAEL HANKIN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Ryland SumnerRYLAND SUMNER
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Jamie McDonaldJAMIE MCDONALD
PRESIDENT
- Total calculated
- $119,765
- From this org
- $115,413
- From related orgs
- $0
- Other
- $4,352
- Hours/week
- 16
Schedule J breakdown matched by us
- Base
- $115,413
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $3,587 related
- Nontaxable benefits
- $0 + $765 related
- Filer's total
- $115,413 + $4,352 related
-
Elise LibertoELISE LIBERTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jacob HodesJACOB HODES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Keith StoneKEITH STONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Shervonne CherrySHERVONNE CHERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Madeleine StokesMADELEINE STOKES
SECRETARY/TREASURER
- Total calculated
- $63,041
- From this org
- $62,515
- From related orgs
- $0
- Other
- $526
- Hours/week
- 26
Schedule J breakdown matched by us
- Base
- $62,515
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $485 related
- Nontaxable benefits
- $0 + $41 related
- Filer's total
- $62,515 + $526 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
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- SCHEDULE J PART III
- UPSURGE BALTIMORE COMMUNITY, INC. GREW OUT OF UPSURGE BALTIMORE, LLC, A FOR PROFIT PARTNERSHIP THAT SAW A NEED TO SUPPORT HISTORICALLY MARGINALIZED AND UNDERSERVED COMMUNITIES IN BALTIMORE THROUGH CONTRIBUONS THAT ARE USED TO OFFER EDUCATIONAL PROGRAMMING, AND OTHER INITIATIVES. TO FULLFILL THAT NEED, UPSURGE BALTIMORE, LLC CREATED UPSURGE BALTIMORE COMMUNITY, INC. IN ORDER TO SERVE THAT MISSION. THE ORGANIZATIONS SHARE EMPLOYEES. AS A RESULT, THE SALARIES OF THE EMPLOYEES FOR UPSURGE BALTIMORE COMMUNITY, INC. ARE PAID BY UPSURGE BALTIMORE, LLC, AND THEN UPSURGE BALTIMORE COMMUNITY, INC. LATER REIMBURSES THEIR SHARE OF THE EXPENSES. AS SUCH BOTH EMPLOYEES LISTED ON THE SCHEDULE J ARE EMPLOYEES OF UPSURGE BALTIMORE, LLC. AND THE TWO ENTITIES HAVE A SHARED SERVICES AGREEMENT.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349317637
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