Maryland Center On Economic Policy Inc is located in Baltimore, MD. The organization was established in 2014. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2022, Maryland Center On Economic Policy Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Center On Economic Policy 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 Center On Economic Policy Inc generated $857.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $831.8k during the year ending 12/2022. While expenses have increased by 15.0% 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
THE MARYLAND CENTER ON ECONOMIC POLICY ADVANCES INNOVATIVE POLICY IDEAS TO FOSTER BROAD PROSPERITY AND HELP OUR STATE BE THE STANDARD-BEARER FOR RESPONSIBLE PUBLIC POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPAND PUBLIC AWARENESS OF THE POLICY CHOICES MARYLAND RESIDENTS MUST MAKE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Colin Richard Chair | OfficerTrustee | 1 | $0 |
Brandon T Jones Vice Chair | OfficerTrustee | 1 | $0 |
Nikia Sankofa Treasurer | OfficerTrustee | 1 | $0 |
Kevin Mchugh Secretary | OfficerTrustee | 1 | $0 |
Sable Frazier Director | Trustee | 1 | $0 |
Dr Cordell Francis Director | Trustee | 1 | $0 |
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 | $857,431 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $857,431 |
Total Program Service Revenue | $0 |
Investment income | $31 |
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 | $857,462 |
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. | $107,347 |
Compensation of current officers, directors, key employees. | $10,735 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $448,631 |
Pension plan accruals and contributions | $13,928 |
Other employee benefits | $77,075 |
Payroll taxes | $50,896 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,924 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $15,564 |
Advertising and promotion | $9,421 |
Office expenses | $6,878 |
Information technology | $24,393 |
Royalties | $0 |
Occupancy | $26,040 |
Travel | $11,434 |
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 | $1,470 |
All other expenses | $3,097 |
Total functional expenses | $831,754 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $177,944 |
Savings and temporary cash investments | $166,455 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $177,500 |
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 | $8,430 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $75,269 |
Total assets | $605,598 |
Accounts payable and accrued expenses | $39,597 |
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 | $73,317 |
Total liabilities | $112,914 |
Net assets without donor restrictions | $50,389 |
Net assets with donor restrictions | $442,295 |
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 | $605,598 |