Maryland Center On Economic Policy Inc
- Assets
- $515.2k
- Revenue
- $676.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Baltimore, MD
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 90-0999151
Organization Overview
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 12/2021, Maryland Center On Economic Policy Inc employed 8 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 12/2021, Maryland Center On Economic Policy Inc generated $676.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $674.1k during the year ending 12/2021. While expenses have increased by 13.9% 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Orr President & CEO | Officer | 40 | $107,171 |
Ann Flagg Treasurer | OfficerTrustee | 1 | $0 |
Kristina Williams Vice Chair | OfficerTrustee | 1 | $0 |
Melissa Sines Chairperson | OfficerTrustee | 1 | $0 |
Colin Richard Secretary | OfficerTrustee | 1 | $0 |
Dr Shivonne Laird Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $597,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,211 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| 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 | $676,248 |
| 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. | $112,682 |
| Compensation of current officers, directors, key employees. | $38,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,239 |
| Pension plan accruals and contributions | $13,505 |
| Other employee benefits | $69,251 |
| Payroll taxes | $33,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,503 |
| Advertising and promotion | $0 |
| Office expenses | $26,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,958 |
| Travel | $969 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $674,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,771 |
| Savings and temporary cash investments | $146,424 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,000 |
| 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 | $9,022 |
| 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 | $515,217 |
| Accounts payable and accrued expenses | $48,241 |
| 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 | $48,241 |
| Net assets without donor restrictions | $206,976 |
| Net assets with donor restrictions | $260,000 |
| 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 | $515,217 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Maryland Center On Economic Policy Inc has recieved totaling $515,219.
| Awarding Organization | Amount |
|---|---|
Center On Budget And Policy Priorities Washington, DC PURPOSE: General Support | $100,000 |
National Low Income Housing Coalition And Low Income Housing Washington, DC PURPOSE: $80K HOUSED | $80,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT CONTINUED PARTICIPATION IN THE STATE PRIORITIES PARTNERSHIP (SPP) NETWORK | $50,000 |
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $50,000 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER THREE YEARS | $40,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: Rapid Advocacy Revenue Project | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brookings Institution Washington, DC | $492,547,778 | $79,395,655 |
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |