Meba Training Plan
- Assets
- $15.0m
- Revenue
- $7.1m
- Investments
- -$3.8m
- Employees
- 66
- Location
- Baltimore, MD
- Founding
- 05/1967
- Data as of
- 12/2022
- EIN
- 13-6219856
Organization Overview
Meba Training Plan is located in Baltimore, MD. The organization was established in 1967. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2022, Meba Training Plan employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meba Training Plan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Meba Training Plan generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MARITIME TRAINING TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALHOON MEBA ENGINEERING SCHOOL
OUTSIDE COURSE TUITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vokac Adam Trustee - Chairman | Trustee | 2 | $0 |
Callahan Jason Trustee | Trustee | 2 | $0 |
Doherty Richard Trustee | Trustee | 2 | $0 |
Rexha Roland Trustee | Trustee | 2 | $0 |
Smith Adam Trustee | Trustee | 2 | $0 |
Cimini Claudia Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zildjian I Solar Llc Solar Electric | 12/30/22 | $209,603 |
Morgan Lewis & Bockius Llp Legal | 12/30/22 | $120,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,170,176 |
| Investment income | $289,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,108,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $180,747 |
| Compensation of current officers, directors, key employees. | $338,865 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,970,107 |
| Pension plan accruals and contributions | $262,419 |
| Other employee benefits | $666,648 |
| Payroll taxes | $192,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171,224 |
| Fees for services: Accounting | $48,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,789 |
| Fees for services: Other | $242,489 |
| Advertising and promotion | $12,005 |
| Office expenses | $172,027 |
| Information technology | $61,641 |
| Royalties | $0 |
| Occupancy | $803,174 |
| Travel | $284,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $442,773 |
| Insurance | $284,859 |
| All other expenses | $11,475 |
| Total functional expenses | $6,867,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $662,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,261 |
| Net Land, buildings, and equipment | $3,707,266 |
| Investments—publicly traded securities | $6,724,859 |
| Investments—other securities | -$3,829,640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,068,946 |
| Total assets | $14,992,079 |
| Accounts payable and accrued expenses | $822,748 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,943 |
| Total liabilities | $948,691 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,043,388 |
| Total liabilities and net assets/fund balances | $14,992,079 |