Maryland Business Roundtable For Education Inc
- Assets
- $1.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Baltimore, MD
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 52-1851611
Organization Overview
Maryland Business Roundtable For Education Inc is located in Baltimore, MD. The organization was established in 2001. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2022, Maryland Business Roundtable For Education Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Business Roundtable For Education 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, Maryland Business Roundtable For Education Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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 BRING THE VOICE OF BUSINESS AN EMPLOYERS TO SUPPORT HIGH STANDARDS, RIGOROUS ASSESSMENTS, AND STRONG ACCOUNTABILITY IN K-12 EDUCATION AND TO DEMONSTRATE THE CONNECTION BETWEEN ACHIEVEMENT IN SCHOOL AND SUCCESS IN THE WORKPLACE, IN COLLEGE AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READY AT FIVE, A BOARD-DESIGNATED PROGRAM OF THE MARYLAND BUSINESS ROUNDTABLE FOR EDUCATION SINCE 2002, IMPROVES THE PRACTICE AND QUALITY OF EARLY CHILDHOOD EDUCATION IN MARYLAND SO THAT EVERY CHILD IN MARYLAND SHOULD HAVE THE FOUNDATIONAL SKILLS NEEDED FOR SUCCESS IN SCHOOL, CAREER AND LIFE. READY AT FIVE IS COMMITTED TO IMPROVING THE PRACTIVE AND QUALITY OF EARLY CHILDHOOD EDUCATION FOR OUR YOUNGEST LEARNERS THROUGH DELIVERING HIGH-QUALITY EDUCATION FOR OUR YOUNGEST LEARNERS THROUGH DELIVERING HIGH-QUALITY PROFESSIONAL LEARNING; PROVIDING EFFECTIVE FAMILY ENGAGEMENT ACTIVITIES; AND EDUCATING AND INFORMING POLICY-MAKERS AND OTHER STAKEHOLDERS ON THE IMPORTANCE OF HIGH-QUALITY EARLY LEARNING.SYMPOSIA, GAINING CRITICAL INFORMATION AND NEW KNOWLEDGE. IN ADDITION, 650 PARENTS AND THEIR CHILDREN BUILT SKILLS THROUGH LEARNING PARTIES AND READYROSIE, AN ONLINE FAMILY ENGAGEMENT TOOL. OVER 125 SCHOOLS AND PROGRAMS USED READY AT FIVE'S MATH AND STEM INSTITUTES AND OTHER PROFESSIONAL LEARNING OPPORTUNITIES. READINESS MATTERS PUBLICATIONS HIGHLIGHTED THE STATUS OF KINDERGARTEN READINESS IN MARYLAND. ALL MARYLAND'S 24 JURISDICTIONS WERE GIVEN RESOURCES AND SUPPORTS TO IMPROVE OUTCOMES FOR CHILDREN.
ACHIEVEMENT COUNTS, LAUNCHED IN 1999, MOTIVATES HIGH SCHOOL STUDENTS, PARTICULARLY LOW-INCOME AND MINORITY STUDENTS, TO ACHIEVE AT HIGHER LEVELS AND PREPARE THEMSELVES TO SUCCEED IN COLLEGE, THE WORKPLACE, AND IN LIFE. THROUGH COMPONENTS OF ACHIEVEMENT COUNTS - MARYLAND SCHOLARS, SPEAKERS BUREAU,AND BEWHATIWANTTOBE.COM. WE ARE REACHING TENS OF THOUSANDS OF STUDENTS AND EDUCATORS MULTIPLE TIMES THROUGHOUT MIDDLE AND HIGH SCHOOL TO HELP INFORM THEIR DECISIONS AND MOTIVATE THEM TO EXCEL IN SCHOOL AND IN LIFE. BY ENCOURAGING RIGOR, DEMONSTRATING RELEVANCE, BUILDING RELATIONSHIPS, AND PROVIDING INCENTIVES, ACHIEVEMENT COUNTS CREATES AN ENVIRONMENT WHERE STUDENTS UNDERSTAND AND APPRECIATE THE VALUE OF A GOOD EDUCATION AND ARE WILLING TO MAKE THE INVESTMENT IN THEIR OWN FUTURE. STUDENTS HAVE PARTICIPATED IN AND BENEFITED FROM THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Perman Director | Trustee | 0.2 | $0 |
Phillip Barnett Director | Trustee | 0.2 | $0 |
Alexander G Nunez Director | Trustee | 0.2 | $0 |
Regina Schofield Director | Trustee | 0.2 | $0 |
Dr Sandra Kurtinitis Director | Trustee | 0.2 | $0 |
Ronald R Peterson Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Voyager Sopris Learning Professional Development Learning Platfo | 12/30/21 | $596,137 |
The Policy Equity Group Research And Data Analysis | 12/30/21 | $115,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $227,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,363,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,810,865 |
| Total Program Service Revenue | $42,399 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,846,886 |
| 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. | $472,219 |
| Compensation of current officers, directors, key employees. | $42,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $869,057 |
| Pension plan accruals and contributions | $24,546 |
| Other employee benefits | $88,265 |
| Payroll taxes | $102,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $902,922 |
| Advertising and promotion | $0 |
| Office expenses | $33,177 |
| Information technology | $21,657 |
| Royalties | $0 |
| Occupancy | $84,176 |
| Travel | $21,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $671 |
| Interest | $128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,645 |
| Insurance | $5,346 |
| All other expenses | $1,688 |
| Total functional expenses | $2,710,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,526 |
| Savings and temporary cash investments | $84,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $598,713 |
| 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 | $28,776 |
| Net Land, buildings, and equipment | $7,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,851 |
| Total assets | $1,036,858 |
| Accounts payable and accrued expenses | $267,294 |
| 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 | $22,927 |
| Total liabilities | $290,221 |
| Net assets without donor restrictions | $599,216 |
| Net assets with donor restrictions | $147,421 |
| 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 | $1,036,858 |