Dent Education Inc
- Assets
- $103.8k
- Revenue
- $484.2k
- Investments
- $0.0
- Employees
- 66
- Location
- Baltimore, MD
- Founding
- 04/2018
- Data as of
- 08/2023
- EIN
- 82-0782182
Organization Overview
Dent Education Inc is located in Baltimore, MD. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2023, Dent Education Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dent 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 08/2023, Dent Education Inc generated $484.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $417.1k during the year ending 08/2023. While expenses have increased by 10.5% per year over the past 6 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
THE ORGANIZATION'S MISSION IS TO PROMOTE EQUITY BY EMPOWERING UNDER-RESOURCED YOUTH TO DISCOVER & DEVELOP THEIR INNATE CREATIVE POTENTIAL TO SHAPE THE WORLD AROUND THEM. IT ACCOMPLISHES ITS MISSION BY RUNNING SUMMER & AFTER-SCHOOL PROGRAMS FOR BALTIMORE CITY PUBLIC SCHOOL STUDENTS. THE TOPICS ARE CREATIVE PROBLEM SOLVING (DESIGN THINKING), HOW TO MAKE & CREATE PRODUCTS (DIGITAL FABRICATION, SEWING, WOODWORKING, GRAPHIC DESIGN), AND ENTREPRENEURSHIP (IN TEAMS, STUDENTS FORM VENTURES).
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE SCHOOL YEAR THE ORGANIZATION RAN A MULTITUDE OF AFTER-SCHOOL PROGRAMS IN WHICH STUDENTS CONTINUED THEIR WORK, LEARNING AND VENTURES FROM THE SUMMER "BET ON BALTIMORE" PROGRAM. THE CURRICULUM FOCUSED ON DESIGN THINKING, MAKING AND ENTREPRENEURSHIP.
RAN A 5 WEEK SUMMER PROGRAM CALLED "BET ON BALTIMORE" THAT SERVED 95 STUDENTS ACROSS 6 PROGRAM SITES. STUDENTS LEARNED TO BUILD PRODUCTS & THEN LAUNCHED VENTURES FOR THE NEW PRODUCTS CREATED. OTHERS APPLIED CREATIVE PROBLEM SOLVING AND DESIGN THINKING TO BETTER UNDERSTAND SOCIAL ISSUES IN THEIR COMMUNITY, PROTOTYPE SOLUTIONS AND LAUNCHED VENTURES TO ADDRESS THE ISSUES.
DURING THE SCHOOL YEAR THE ORGANIZATION RAN A PROGRAM CALLED "MADE@DENT" IN WHICH YOUTH WERE PAID HOURLY TO DESIGN AND CREATE CUSTOM PRODUCTS TO BE SOLD TO LOCAL ORGANIZATIONS AND INDIVIDUALS. STUDENTS CREATED CUSTOM NAMEPLATES, KEYCHAINS AND CARDS, LEARNING HOW TO BUILD A BUSINESS AND CREATE PRODUCTS AT SCALE, ALL, WHILE EARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wolf CEO | OfficerTrustee | 40 | $40,115 |
Rajan Patel Former CEO | OfficerTrustee | 40 | $11,200 |
Jackie Neumann Secretary | OfficerTrustee | 2 | $0 |
Zhadyn Beckwith Director | Trustee | 2 | $0 |
Evan Taylor President | OfficerTrustee | 2 | $0 |
Brady Locher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $278,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,957 |
| Total Program Service Revenue | $21,247 |
| Investment income | $0 |
| 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 | $484,204 |
| 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. | $51,315 |
| Compensation of current officers, directors, key employees. | $4,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,554 |
| Payroll taxes | $25,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,923 |
| Travel | $1,523 |
| 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 | $714 |
| Insurance | $6,915 |
| All other expenses | $25,609 |
| Total functional expenses | $417,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,313 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,848 |
| Accounts payable and accrued expenses | $12,537 |
| 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 | $12,537 |
| Net assets without donor restrictions | $91,311 |
| 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 | $103,848 |