Mid Atlantic Equity Consortium Inc
- Assets
- $1.1m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Bethesda, MD
- Founding
- 12/1992
- Data as of
- 06/2022
- EIN
- 52-1790753
Organization Overview
Mid Atlantic Equity Consortium Inc is located in Bethesda, MD. The organization was established in 1992. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Mid Atlantic Equity Consortium Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Atlantic Equity Consortium 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, Mid Atlantic Equity Consortium Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 7 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
PROVIDE DIRECT SERVICES IN INCREASING LITERACY OF FAMILIES AND STUDENTS FROM LOW-INCOME, CULTURALLY DIVERSE SCHOOL DISTRICTS AND COMMUNITIES; PROVIDE SYSTEMIC FRAMEWORKS AND STRATEGIES TO INCREASE FAMILY ENGAGEMENT AT THE STATE AND LOCAL LEVELS; AND PROVIDE PROFESSIONAL LEARNING OPPORTUNITIES FOR EDUCATORS TO INCREASE THEIR UNDERSTANDING AND SKILLS TO WORK MORE EFFECTIVELY WITH CULTURALLY DIVERSE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAEC'S EDUCATIONAL EQUITY PROJECTS EXAMINE AND ADDRESS SYSTEMIC POLICIES AND PRACTICES, SCHOOL CLIMATE, STUDENT ACCESS TO SUPPORT FOR RIGOROUS CURRICULUM, FAMILY ENGAGEMENT, AND TEACHING AND LEARNING. MAEC FACILITATES THIS PROCESS BY REVIEWING THE CULTURAL, STRUCTURAL, AND MATERIAL DIMENSIONS NECESSARY FOR MAKING TRANSFORMATIONAL CHANGE. WE PROVIDE TECHNICAL ASSISTANCE, PROFESSIONAL LEARNING, AND TOOLS NECESSARY TO OPERATIONALIZE EQUITY INTO PRACTICE.
MAECS FAMILY ENGAGEMENT PROJECT FOCUSES ON HIGH IMPACT CULTURALLY RESPONSIVE FAMILY ENGAGEMENT BY BUILDING PARTNERSHIPS AMONG SCHOOLS, PARENTS, AND COMMUNITY ORGANIZATIONS TO IMPROVE THE DEVELOPMENT AND ACADEMIC ACHIEVEMENT OF ALL STUDENTS. BY INCREASING OPPORTUNITIES FOR A SHARED RESPONSIBILITY BETWEEN SCHOOLS AND FAMILIES, THERE IS A GREATER LIKELIHOOD OF STUDENT SUCCESS AND WELL-BEING.
MAEC'S YOUTH LEADERSHIP DEVELOPMENT PROJECTS FOCUS ON INCREASED GRADUATION RATES, ACADEMICS, ENRICHMENT, CHARACTER EDUCATION, COLLEGE/CAREER READINESS, STEM, AND MENTORSHIP. THESE AFTER-SCHOOL PROGRAMS ENABLE YOUTH TO WORK COLLABORATIVELY WITH FAMILIES, SCHOOL STAFF, AND COMMUNITY LEADERS TO INCREASE ACADEMIC ACHIEVEMENT AND ADDRESS CHALLENGES THEY FACE IN THEIR DAILY LIVES. YOUTH PARTICIPATE IN PROJECT-BASED LEARNING, MENTORSHIP OPPORTUNITIES, AND CIVIC ENGAGEMENT TO PROVIDE A PLATFORM FOR THEIR CONCERNS AND HIGHLIGHT SOLUTIONS WITHIN THE COMMUNITIES THEY RESIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Shaffer President/chair | OfficerTrustee | 40 | $218,157 |
Karmen Rouland Vice President | OfficerTrustee | 40 | $115,583 |
Jill Moss Greenberg Treasurer | OfficerTrustee | 1 | $0 |
Barbara Scherr Vice Chair | OfficerTrustee | 1 | $0 |
James Early Director | Trustee | 1 | $0 |
Joy Thomas Moore Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Ed Technical Assistance | 6/29/22 | $332,183 |
Nafsce Technical Assistance | 6/29/22 | $109,700 |
American Institutes For Research Technical Assistance | 6/29/22 | $118,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,068,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,068,049 |
| Total Program Service Revenue | $477,744 |
| Investment income | $959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,546,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $420,042 |
| Compensation of current officers, directors, key employees. | $77,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,438,373 |
| Pension plan accruals and contributions | $127,003 |
| Other employee benefits | $162,701 |
| Payroll taxes | $134,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,000 |
| Fees for services: Accounting | $24,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $963,194 |
| Advertising and promotion | $0 |
| Office expenses | $37,062 |
| Information technology | $27,535 |
| Royalties | $0 |
| Occupancy | $162,451 |
| Travel | $49,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,417 |
| Insurance | $14,077 |
| All other expenses | $0 |
| Total functional expenses | $3,725,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,385 |
| Savings and temporary cash investments | $125,511 |
| Pledges and grants receivable | $548,147 |
| Accounts receivable, net | $160,289 |
| 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 | $12,353 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $164,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,583 |
| Other assets | $4,620 |
| Total assets | $1,087,154 |
| Accounts payable and accrued expenses | $477,136 |
| Grants payable | $0 |
| Deferred revenue | $58,144 |
| 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 | $170,445 |
| Total liabilities | $705,725 |
| Net assets without donor restrictions | $342,129 |
| Net assets with donor restrictions | $39,300 |
| 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 | $1,087,154 |