Maryland Bar Foundation Inc
- Assets
- $869.0k
- Revenue
- $182.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/1970
- Data as of
- 06/2021
- EIN
- 23-7052856
Organization Overview
Maryland Bar Foundation Inc is located in Baltimore, MD. The organization was established in 1970. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Bar Foundation Inc 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 06/2021, Maryland Bar Foundation Inc generated $182.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $161.7k during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maryland Bar Foundation Inc has awarded 27 individual grants totaling $268,974. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE STUDY OF LAW & CONTINUING EDUCATION OF LAWYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE AWARDED TO PROMOTE THE STUDY OF LAW AND CONTINUING EDUCATION OF LAWYERS AS WELL AS SEMINARS AND EDUCATIONAL CLASSES, AND ACCESS TO JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice S Chong Vice-President | OfficerTrustee | 1 | $0 |
Sarah Kline Vice-Chair, Officer Of The Fellows | OfficerTrustee | 1 | $0 |
Thomas E Lynch III President | OfficerTrustee | 1 | $0 |
Marla Zide Secretary/treasurer | OfficerTrustee | 1 | $0 |
E Regine Williams Chair, Officer Of The Fellows | OfficerTrustee | 1 | $0 |
Victor L Velazquez Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,413 |
| Total Program Service Revenue | $0 |
| Investment income | $14,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,021 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,890 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,661 |
| Fees for services: Other | $13,988 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $50 |
| Total functional expenses | $161,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,275 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $749,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $868,977 |
| Accounts payable and accrued expenses | $96,845 |
| 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 | $0 |
| Total liabilities | $96,845 |
| Net assets without donor restrictions | $772,132 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $868,977 |
Grants Awarded
Over the last fiscal year, Maryland Bar Foundation Inc has awarded $25,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: PARTNERS FOR JUSTICE CONFERENCE, 2021-2022 PROFESSIONAL SKILLS ACADEMY | $17,500 |
Baltimore, MD PURPOSE: TO FUND THE MD STATE HIGH SCHOOL MOCK TRIAL COMPETITION | $7,700 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Maryland Bar Foundation Inc has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT A2JC TASK FORCE | $10,000 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD PURPOSE: SEE PART IV, TYPE C | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,000 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |