Maxim Charitable Foundation Inc
- Assets
- $189.2k
- Revenue
- $195.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-2541827
Organization Overview
Maxim Charitable Foundation Inc is located in Columbia, MD. The organization was established in 2010. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maxim Charitable 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, Maxim Charitable Foundation Inc generated $195.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $210.8k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES: (I) MAKING NEED-BASED DISTRIBUTIONS AND PROVIDING ASSISTANCE TO EMPLOYEES OF MAXIM HEALTHCARE SERVICES, INC., A MARYLAND CORPORATION, OR THEIR FAMILY MEMBERS, ADVERSELY AFFECTED BY A "QUALIFIED DISASTER", (II) MAKING DISTRIBUTIONS AND PROVIDING ASSISTANCE TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SEC 501(C)(3) WHICH PROVIDE RELIEF, FINANCIAL AID, ASSISTANCE AND DISASTER RELIEF PAYMENTS TO DISASTER VICTIMS OR TO THE POOR OR DISTRESSED, OR WHICH PROVIDE DONATIONS FOR SOCIAL JUSTICE PURPOSES, (III) MAKING NEED-BASED DISTRIBUTIONS AND PROVIDING ASSISTANCE TO VICTIMS OF DISASTERS AND THEIR FAMILIES AND TO THE POOR AND DISTRESSED, (IV) DEVELOPING PARAMETERS FOR, REVIEWING AND APPROVING APPLICATIONS FOR, AND MAKING SOCIAL JUSTICE BASED SCHOLARSHIPS, AND (V) MAKING DISTRIBUTIONS AND PROVIDING ASSISTANCE TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SEC 501(C)(3) OF THE IRC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE DISTRIBUTIONS AND PROVIDED ASSISTANCE TO 9 ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, WHICH PROVIDE RELIEF, FINANCIAL AID, ASSISTANCE AND DISASTER RELIEF PAYMENTS TO DISASTER VICTIMS OR TO THE POOR OR DISTRESSED, OR WHICH PROVIDE DONATIONS FOR SOCIAL JUSTICE PURPOSES.
THE ORGANIZATION MADE SOCIAL JUSTICE BASED SCHOLARSHIP DISTRIBUTIONS ON BEHALF OF 12 INDIVIDUALS WHOM SUBMITTED APPLICATIONS THAT WERE REVIEWED AND APPROVED BASED ON PARAMETERS DEVELOPED BY THE SOCIAL JUSTICE COMMITTEE.
THE ORGANIZATION MADE NEED-BASED DISTRIBUTIONS AND PROVIDED ASSISTANCE TO 36 INDIVIDUALS; EMPLOYEES OF MAXIM, OR THEIR FAMILY MEMBERS, VICTIMS OF DISASTERS, AND TO THE POOR AND DISTRESSED WHO WERE DISADVANTAGED BY INJURY OR ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Fuller President, Director | OfficerTrustee | 5 | $0 |
Chelsea Hagerty Vice President, Director | OfficerTrustee | 5 | $0 |
Jeffrey Forney Treasurer, Director | OfficerTrustee | 5 | $0 |
Cheri Worcester Secretary, Director | OfficerTrustee | 5 | $0 |
Patricia Lange Asst Secretary, Director | OfficerTrustee | 5 | $0 |
Tara Campbell Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,139 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,263 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$41,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,685 |
| Grants and other assistance to domestic individuals. | $160,810 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Total functional expenses | $210,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,171 |
| Accounts payable and accrued expenses | $11,195 |
| 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 | $11,195 |
| Net assets without donor restrictions | $177,976 |
| 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 | $189,171 |