Maydm Inc
- Assets
- $1.2m
- Revenue
- $893.8k
- Investments
- $51.1k
- Employees
- 20
- Location
- Madison, WI
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 81-0991008
Organization Overview
Maydm Inc is located in Madison, WI. The organization was established in 2016. As of 12/2023, Maydm Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maydm 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 12/2023, Maydm Inc generated $893.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $802.8k during the year ending 12/2023. While expenses have increased by 27.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE WORK IN DANE COUNTY TO HELP GIRLS AND YOUTH OF COLOR IN MIDDLE AND HIGH SCHOOL GAIN STEM SKILLS, EXPERIENCES, AND CONNECTIONS. WE DO THIS BY PARTNERING WITH SCHOOLS AND CORPORATE AND COMMUNITY PARTNERS TO PROVIDE EDUCATION AND EMPLOYMENT IN ORDER TO BRIDGE THE WEALTH GAP AND INCREASE GENDER AND RACIAL REPRESENTATION IN STEM CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM PROGRAMMING - MAYDM STARTED IN 2015, AND WE FOCUS ON YOUTH OF COLOR AND GIRLS BECAUSE THESE ARE TRADITIONALLY UNDERREPRESENTED POPULATIONS IN STEM FIELDS. TO DATE, WE HAVE WORKED WITH OVER 3,000 STUDENTS; OVER 90% IDENTIFY AS A STUDENT OF COLOR, AND OVER 60% ARE GIRLS. OUR APPROACH COMBINES SEVERAL ELEMENTS: ONE-DAY WORKSHOPS, AFTER-SCHOOL PROGRAMS, MULTI-WEEK SUMMER IMMERSIVE PROGRAMS, AND PAID INTERNSHIPS FOR YOUTH ACROSS DANE COUNTY, WISCONSIN. WE PARTNER WITH OTHER LOCAL ORGANIZATIONS AND COMPANIES IN DANE COUNTY TO PROVIDE OUR STUDENTS WITH CAREER-RELEVANT KNOWLEDGE THROUGH OUR EDUCATIONAL PROGRAMS, SITE VISITS WITH STEM PROFESSIONALS, AND REAL-LIFE EXPERIENCES THROUGH OUR PAID INTERNSHIP PROGRAM.OUR PROGRAM PATHWAY PREPARES STUDENTS TO EVENTUALLY JOIN OUR PAID INTERNSHIP PROGRAM, ALLOWING THEM TO GROW THEIR STEM KNOWLEDGE AND SKILLS WHILE EARNING AN INCOME DURING THE SUMMER MONTHS. OVER 30% OF THOSE STUDENTS QUALIFY FOR FREE OR REDUCED LUNCH DURING THE ACADEMIC YEAR, INDICATING LOW-TO-MODERATE INCOME STATUS. WE INTENTIONALLY DESIGNED OUR WORKFORCE DEVELOPMENT INITIATIVE TO HAVE ATTRACTIVE WAGES THAT REFLECT THE STEM JOBS THAT OUR STUDENTS ARE SEEKING. STUDENTS IN OUR INTERNSHIP PROGRAM ARE ALSO ABLE TO OPEN A NONCUSTODIAL SAVINGS ACCOUNT WITH A LOCAL BANK BRANCH IN DANE COUNTY. QUALIFYING STUDENTS CAN EARN EMPLOYABILITY SKILLS CERTIFICATION, MADISON COLLEGE CREDIT, MMSD WORKPLACE LEARNING CREDIT, AND A FINANCIAL LITERACY BADGE. ALONGSIDE THESE BENEFITS, WE PROVIDE SOFT-SKILL DEVELOPMENT, INCLUDING RESUME-BUILDING, INTERVIEW SKILLS, WORKPLACE COMMUNICATION, AND TEAM-BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mack Chair | OfficerTrustee | 2 | $0 |
Jennifer Ilk Vice-Chair | OfficerTrustee | 1 | $0 |
Ryan Zerwer Treasurer | OfficerTrustee | 2 | $0 |
Amy Carrick Secretary | OfficerTrustee | 2 | $0 |
Anna Burish Director | Trustee | 1 | $0 |
Jeremy Wodajo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $657,773 |
| Noncash contributions included in lines 1a–1f | $32,908 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,773 |
| Total Program Service Revenue | $23,228 |
| Investment income | $12,335 |
| 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 | $893,823 |
| 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. | $138,447 |
| Compensation of current officers, directors, key employees. | $24,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,037 |
| Payroll taxes | $43,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,961 |
| Advertising and promotion | $18,480 |
| Office expenses | $26,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,449 |
| Travel | $5,216 |
| 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 | $15,198 |
| Insurance | $5,126 |
| All other expenses | $2,235 |
| Total functional expenses | $802,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,060 |
| Savings and temporary cash investments | $322,862 |
| Pledges and grants receivable | $148,614 |
| Accounts receivable, net | $0 |
| 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 | $3,900 |
| Net Land, buildings, and equipment | $51,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,104 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,563 |
| Total assets | $1,168,933 |
| Accounts payable and accrued expenses | $29,473 |
| 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 | $292,600 |
| Total liabilities | $322,073 |
| Net assets without donor restrictions | $665,315 |
| Net assets with donor restrictions | $181,545 |
| 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 | $1,168,933 |