Maydm Inc
- Assets
- $743.3k
- Revenue
- $645.3k
- Investments
- $0.0
- Employees
- 18
- Location
- Madison, WI
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 81-0991008
Organization Overview
Maydm Inc is located in Madison, WI. The organization was established in 2016. As of 12/2021, Maydm Inc employed 18 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 12/2021, Maydm Inc generated $645.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $488.1k during the year ending 12/2021. While expenses have increased by 26.7% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ENVISION A WORLD WHERE ALL STUDENTS KNOW THAT A CAREER IN STEM IS POSSIBLE FOR THEM; A WORLD WHERE ALL STUDENTS CAN PURSUE THEIR DREAMS AS ENTREPRENEURS, DEVELOPERS, ENGINEERS, OR PROFESSORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM PROGRAMMING - STUDENTS LEARN LEADING PROGRAMMING LANGUAGES AND ENGINEERING TECHNOLOGIES IN THE MORNING AND GET OUT OF THE CLASSROOM TO EXPLORE IN THE AFTERNOON. STUDENTS ALSO GO ON FIELD TRIPS TO LOCAL STEM COMPANIES TO SEE WHAT THEY DO AND TALK WITH PEOPLE WHO WORK IN THE FIELD EVERY DAY. THEY GET TO MEET, CREATE, AND ADVENTURE ALONGSIDE OTHER AMAZING YOUNG INNOVATORS THROUGH IT ALL. FINALLY, STUDENTS CAN ALSO BE PAIRED WITH LOCAL STEM COMPANIES TO WORK FOR 7 WEEKS DURING THE SUMMER AS AN INTERN. STUDENTS ARE REQUIRED TO PARTICIPATE IN THE IMMERSIVE PROGRAM FIRST AND THEN APPLY FOR THE INTERNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winnie Karanja Executive Director (thru Oct) | Officer | 32 | $70,590 |
Jeff Mack President | OfficerTrustee | 1 | $0 |
Amy Carrick Secretary | OfficerTrustee | 1 | $0 |
Ryan Zerwer Treasurer | OfficerTrustee | 1 | $0 |
Than Astin Director | Officer | 1 | $0 |
Gwyn Hughes Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,031 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $549,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $601,314 |
| Total Program Service Revenue | $43,920 |
| Investment income | $103 |
| 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 | $645,337 |
| 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. | $72,361 |
| Compensation of current officers, directors, key employees. | $7,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,747 |
| Payroll taxes | $28,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,069 |
| Fees for services: Accounting | $15,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,057 |
| Advertising and promotion | $7,153 |
| Office expenses | $9,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,201 |
| Travel | $5,483 |
| 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 | $2,245 |
| All other expenses | $23,716 |
| Total functional expenses | $488,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,760 |
| Savings and temporary cash investments | $240,102 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $6,000 |
| 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 | $2,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,256 |
| Accounts payable and accrued expenses | $21,129 |
| 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 | $0 |
| Total liabilities | $21,129 |
| Net assets without donor restrictions | $381,078 |
| Net assets with donor restrictions | $341,049 |
| 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 | $743,256 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Maydm Inc has recieved totaling $239,893.
| Awarding Organization | Amount |
|---|---|
Schlecht Family Foundation Inc Mt Horeb, WI PURPOSE: TO SUPPORT OPERATING ACTIVITIES. | $85,000 |
Cuna Mutual Group Foundation Inc Madison, WI PURPOSE: CHARITABLE | $75,000 |
United Way Of Dane County Inc Madison, WI PURPOSE: Donor Designation for General Support | $56,040 |
Evjue Foundation Inc Madison, WI PURPOSE: SUPPORT OPERATIONS | $15,000 |
First Business Charitable Foundation Inc Madison, WI PURPOSE: CORPORATE BLACK | $7,500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |