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Nonprofiteer
← MARYLAND INDEPENDENT SCHOOL CONSORTIUM

Form 990 for tax year 2023

Filed by MARYLAND INDEPENDENT SCHOOL CONSORTIUM.

Totals

Total revenue
$1,059,069
Total expenses
$208,600
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$30,139
Other revenue
$1,028,930
Total assets, end of year
$1,509,004
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,509,004
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$207,765

Program services were 0.0% 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.

  • 3 · Investment income

    total $30,139 · related or exempt $30,139 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Refund of Premium Credit

    total $633,139 · related or exempt $633,139 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $395,791 · related or exempt $395,791 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,028,930

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,806

  • 23 · Insurance

    total $3,037

  • 24a · Other expenses: 2023-2024 Rate Buydown

    total $197,964

  • 24e · All other expenses

    total $793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,137 · end of year $777,474

  • 12 · Investments: other securities

    beginning of year $950,354 · end of year $731,530

  • 25 · Other liabilities

    beginning of year $395,791 · end of year $0

  • 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 $657,700 · end of year $1,509,004

Mission and programs · 2023

Mission

The Maryland Independent School Consortium exists to provide or to obtain access to welfare benefits, through insurance or otherwise, for eligible employees and employee dependents of private schools and their affiliates in Maryland.

Activities or mission (Part I)

The Maryland Independent School Consortium exists as a Voluntary Employee Beneficiary Association to provide or obtain access to welfare benefits, through insurance or otherwise, for eligible employee and employee dependents of private schools and their affiliates located in Maryland.

  • The Maryland Independent School Consortium has contracted with a major health insurance carrier to provide health insurance contracts complying with agreed upon plan designs and premiums to the eligible employees of each school and their affiliates. Premiums are paid directly to the health insurance carrier by each school. Under the terms of the contract, should the relationship between premiums paid and claims incurred exceed agreed upon ratio, the health insurance carrier will reimburse a portion of the excess premium to the Consortium, to hold for the benefit of the employees of the schools. Those funds are to be used to fund the operating expenses of the Consortium, to provide wellness initiatives for the employees of member schools, and to fund a portion of future premiums if and when the Trustees of the Consortium vote to do so.

    Expenses $207,765 · Revenue $425,930

As filed on the 2023 return.

Listed in Part VII

  • Deborah Charbonneau

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Ani Cook

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Meg McClure

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Anita Mudge

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Robert Rinehardt

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Nancy Kemmerer

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Giso Ghassemi

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jennifer Hartranft

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Sallie Magee

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Scott Chidakel

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Bridgette Morton

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Lavender Bouwens

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Tracey Cogliano

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Troy Walters

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Nicole Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 40 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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Siena Learning LLC

    S · Contributing Employer · MD

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202530789349300543

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