Maryland Institute Of Development
- Assets
- $147.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 47-4568046
Organization Overview
Maryland Institute Of Development is located in Laurel, MD. The organization was established in 2017. According to its NTEE Classification (X40) the organization is classified as: Islam, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Institute Of Development 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 12/2021, Maryland Institute Of Development generated $183.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $153.8k during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR EDUCATIONAL CLASSES PROVIDED A WIDE RANGE OF SUBJECT MATERIAL FOR VARIOUS AGE GROUPS. OUR SERVICES AND CHARITY WORK PROVIDED A SUPPORT STRUCTURE FOR THE COMMUNITY AT LARGE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,191 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,191 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $107,891 |
| Professional fees and other payments to independent contractors | $12,847 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,030 |
| Total expenses | $153,768 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $147,374 |
| Other assets | $0 |
| Total assets | $147,374 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,374 |
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