Mpt Foundation Inc
- Assets
- $15.6m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Owings Mills, MD
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 52-1224503
Organization Overview
Mpt Foundation Inc is located in Owings Mills, MD. The organization was established in 1981. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Mpt Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mpt 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 06/2022, Mpt Foundation Inc generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ACTIVITIES OF THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT)
Describe the Organization's Program Activity:
SUPPORT GRANTS TO THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT) AND GENERAL, PROGRAMMING AND MEMBERSHIP SUPPORT PROVIDED TO MPT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Anthony Wolf Chair | OfficerTrustee | 1 | $0 |
Kathryn D Lindquist Vice Chair | OfficerTrustee | 1 | $0 |
Larry D Unger President | OfficerTrustee | 1 | $0 |
Erin Chrest Secretary | Officer | 1 | $0 |
Suzanne Schwertman Treasurer | Officer | 1 | $0 |
Shelly Gardeniers Director | Trustee | 0.5 | $0 |
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 | $6,915,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,915,653 |
| Total Program Service Revenue | $0 |
| Investment income | $106,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $218,525 |
| Net Income from Fundraising Events | -$27,942 |
| Net Income from Gaming Activities | $66,361 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,324,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,371,511 |
| 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 | $508,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,747 |
| Payroll taxes | $36,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,847 |
| Fees for services: Lobbying | $52,418 |
| Fees for services: Fundraising | $108,087 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,971 |
| Advertising and promotion | $0 |
| Office expenses | $72,274 |
| Information technology | $54,000 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $91,773 |
| 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 | $2,884,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,190,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,075,273 |
| 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 | $9,379,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,645,200 |
| Accounts payable and accrued expenses | $54,215 |
| 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 | $55,000 |
| Total liabilities | $109,215 |
| Net assets without donor restrictions | $8,433,402 |
| Net assets with donor restrictions | $7,102,583 |
| 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 | $15,645,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mpt Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Constance And Brooks Robinson Charitable Foundation Inc Lagrange, GA PURPOSE: CHARITABLE | $10,000 |
Endowment Analysis
| Beg. Balance | $7,359,718 |
| Earnings | -$935,784 |
| Net Contributions | $860,257 |
| Other Expense | $167,352 |
| Ending Balance | $7,116,839 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npr Foundation Washington, DC | $410,006,391 | $31,919,786 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr Pittsburgh, PA | $45,504,203 | $6,881,220 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
Soldiers And Sailors Memorial Hall And Museum Trust Inc Pittsburgh, PA | $5,405,018 | $2,064,523 |
National Cryptologic Foundation Inc Glen Burnie, MD | $20,609,005 | $4,032,571 |
Independence Historical Trust Philadelphia, PA | $5,798,816 | $1,973,857 |