First Maryland Disability Trust Inc
- Assets
- $5.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Lutherville, MD
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 56-2519036
Organization Overview
First Maryland Disability Trust Inc is located in Lutherville, MD. The organization was established in 2006. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, First Maryland Disability Trust Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Maryland Disability Trust 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, First Maryland Disability Trust Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 20.3% 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
PROVIDING TRUST SERVICES TO INDIVIDUALS WITH DISABILITIES OF ALL AGES THROUGHOUT MARYLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COST EFFECTIVE TRUST SERVICES FOR FAMILIES TO PROVIDE FOR THE NEEDS OF THEIR DISABLED FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Fike CEO | Officer | 40 | $126,896 |
Kenneth Hoefer President | OfficerTrustee | 1 | $0 |
Natasha N Ludwig Director | Trustee | 1 | $0 |
Eric Jorgensen Director | Trustee | 1 | $0 |
Fred Whiton Director | Trustee | 1 | $0 |
Mallory Legg Secretary | OfficerTrustee | 1 | $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 | $842,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $842,073 |
| Total Program Service Revenue | $1,079,888 |
| Investment income | $71,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,400 |
| Net Gain/Loss on Asset Sales | -$224,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,782,285 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $72,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $780,490 |
| Pension plan accruals and contributions | $26,839 |
| Other employee benefits | $51,518 |
| Payroll taxes | $67,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,635 |
| Fees for services: Accounting | $13,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,720 |
| Advertising and promotion | $42,598 |
| Office expenses | $52,987 |
| Information technology | $38,504 |
| Royalties | $0 |
| Occupancy | $91,394 |
| Travel | $31,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,156 |
| Insurance | $22,542 |
| All other expenses | $0 |
| Total functional expenses | $1,568,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,286 |
| Savings and temporary cash investments | $123,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,365 |
| 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 | $20,006 |
| Net Land, buildings, and equipment | $61,710 |
| Investments—publicly traded securities | $3,944,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,346,433 |
| Total assets | $5,685,763 |
| Accounts payable and accrued expenses | $71,818 |
| 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 | $1,362,367 |
| Total liabilities | $1,434,185 |
| Net assets without donor restrictions | $4,251,578 |
| 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 | $5,685,763 |