Skip to content
Nonprofiteer
← MARYLAND PHILANTHROPY NETWORK INC

Form 990 for tax year 2024

Filed by MARYLAND PHILANTHROPY NETWORK INC.

Totals

Total revenue
$8,637,289
Total expenses
$6,460,817
Contributions and grants received
$7,955,441
Grants paid
$734,770
Program service revenue
$366,651
Investment income
$133,120
Other revenue
$182,077
Total assets, end of year
$9,903,414
Total liabilities, end of year
$1,065,637
Net assets or fund balances, end of year
$8,837,777
Program services expenses (Part IX)
$5,682,897
Management and general expenses
$685,850
Fundraising expenses
$92,070
Program service expenses (Part III)
$5,682,897

Program services were 88.0% 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

    $439,731

  • 1f · All other contributions, gifts and grants

    $7,515,710

  • 2a · Program service revenue: CONSULTING SERVICES

    total $249,760 · related or exempt $249,760

  • 2b · Program service revenue: COWORKING FEES

    total $59,067 · related or exempt $59,067

  • 2c · Program service revenue: SPONSORSHIPS

    total $40,000 · related or exempt $40,000

  • 2d · Program service revenue: PLAN EXTRAS

    total $17,824 · related or exempt $17,824

  • 3 · Investment income

    total $133,120 · related or exempt $133,120

  • 6a · Gross rents

    real property $176,727

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $176,727

  • 6d · Net rental income or loss

    total $176,727 · excluded $176,727

  • 11a · Other revenue: MEMBER LEADERSHIP GIVI

    total $5,350 · related or exempt $5,350

  • 11e · Other revenue, total

    $5,350

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $734,770 · program services $734,770

  • 5 · Compensation of officers, directors and key employees

    total $521,857 · program services $341,856 · management and general $180,001

  • 7 · Other salaries and wages

    total $1,991,701 · program services $1,773,238 · management and general $153,463 · fundraising $65,000

  • 8 · Pension plan contributions

    total $35,167 · program services $23,713 · management and general $9,529 · fundraising $1,925

  • 9 · Other employee benefits

    total $175,147 · program services $149,826 · management and general $17,963 · fundraising $7,358

  • 10 · Payroll taxes

    total $195,036 · program services $165,109 · management and general $24,853 · fundraising $5,074

  • 11b · Fees: legal

    total $4,259 · program services $3,813 · management and general $446

  • 11c · Fees: accounting

    total $115,450 · management and general $115,450

  • 11f · Fees: investment management

    total $2,549 · management and general $2,549

  • 11g · Fees: other

    total $1,576,835 · program services $1,564,323 · management and general $12,512

  • 12 · Advertising and promotion

    total $44,811 · program services $44,811

  • 13 · Office expenses

    total $146,790 · program services $127,105 · management and general $18,086 · fundraising $1,599

  • 14 · Information technology

    total $109,473 · program services $61,176 · management and general $48,297

  • 16 · Occupancy

    total $395,268 · program services $367,333 · management and general $16,821 · fundraising $11,114

  • 17 · Travel

    total $68,783 · program services $68,783

  • 19 · Conferences, conventions and meetings

    total $179,440 · program services $176,921 · management and general $2,519

  • 22 · Depreciation, depletion and amortization

    total $85,724 · program services $22,852 · management and general $62,872

  • 23 · Insurance

    total $15,887 · program services $9,721 · management and general $6,166

  • 24e · All other expenses

    total $61,870 · program services $47,547 · management and general $14,323

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,614,575 · end of year $4,334,785

  • 2 · Savings and temporary cash investments

    beginning of year $38,017 · end of year $38,023

  • 3 · Pledges and grants receivable

    beginning of year $431,232 · end of year $2,681,061

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,723 · end of year $44,094

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

    $932,370

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

    $337,587

  • 10c · Land, buildings and equipment, net

    beginning of year $549,535 · end of year $594,783

  • 11 · Investments: publicly traded securities

    beginning of year $1,630,504 · end of year $1,593,650

  • 15 · Other assets

    beginning of year $445,748 · end of year $617,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $250,839 · end of year $238,506

  • 19 · Deferred revenue

    beginning of year $7,590 · end of year $181,735

  • 25 · Other liabilities

    beginning of year $393,059 · end of year $645,396

  • 27 · Net assets without donor restrictions

    beginning of year -$760,590 · end of year $1,929,845

  • 28 · Net assets with donor restrictions

    beginning of year $6,844,436 · end of year $6,907,932

Mission and programs · 2024

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 $5,682,897 · Grants $734,770 · Revenue $366,651

As filed on the 2024 return.

Listed in Part VII

  • Kevin McHugh

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Talib Horne

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Franklin McNeil

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tanya Jones Terrell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Raj Borsellino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Day

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brooke Hisle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Kinkopf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erin O'Keefe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Destiny-Simone Ramjohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danista E Hunte

    PRESIDENT & CEO

    Total calculated
    $180,001
    From this org
    $180,001
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,001
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,001

  • Linda Dworak

    DIRECTOR, BALTIMORE WORKFORCE FUNDERS COLLABORATIV

    Total calculated
    $131,313
    From this org
    $131,313
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eric Jackson Jr

    SERVANT DIRECTOR, BLACK YIELD INSTITUTE

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elisabeth Hyleck

    VICE PRESIDENT OF PROGRAMS AND ENGAGEMENT

    Total calculated
    $100,543
    From this org
    $100,543
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • HEALING CITIES INC

    $120,000

    TO TRANSFER FISCAL PROJECT ASSETS TO NEWLY FORMED 501(C)(3)

  • SPOTLIGHT PR LLC

    $50,000

    TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.

  • RESILNC

    $50,000

    TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.

  • JUST FUTURES PBC

    $50,000

    TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.

  • HIGHER PURPOSE CO

    $50,000

    TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.

  • IGNITE CAPITAL INC

    $50,000

    TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.

  • REVOLVE FUND INC

    $49,000

    TO SUPPORT GENERAL OPERATIONS

  • CIVIC WORKS

    $40,000

    TO SUPPORT THE IMPLEMENTATION OF THE CENTERING WORKERS ON JOB DESIGN PROJECT

  • YOUTH EMPOWERED SOCIETY

    $21,002

    TO TRANSFER FISCAL PROJECT ASSETS

  • THE EQUITY BRAIN TRUST

    $15,000

    TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543189349314619

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.