Mecu Foundation Inc
- Assets
- $107.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-1113703
Organization Overview
Mecu Foundation Inc is located in Baltimore, MD. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mecu 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 12/2022, Mecu Foundation Inc generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $14.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Peacock Director | 1 | $0 | |
Deborah Moore-Carter Director | 1 | $0 | |
Diania Dabney Director | 1 | $0 | |
Ernie Clark Director And Secretary | 1 | $0 | |
Roman Clark Director And Treasurer | 1 | $0 | |
Danny Evan Director And Vice-Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,480 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$13,358 |
| Other Revenue | $0 |
| Total Revenue | $38,165 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $468 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $13,968 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,946 |
| Other assets | $0 |
| Total assets | $107,946 |
| Total liabilities | $0 |
| Net assets or fund balances | $107,946 |