PLATINUM2023

Maryland Philanthropy Network

Advancing Impact

Baltimore, MD   |  www.marylandphilanthropy.org
GuideStar Charity Check

Maryland Philanthropy Network

EIN: 52-1326863

Mission

Our mission is to build and activate a diverse, informed, and effective network of philanthropists to inspire transformational impact throughout Maryland.

Ruling year info

1984

President and CEO

Danista E Hunte

Main address

1600 West 41st Street Suite 700

Baltimore, MD 21211 USA

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Formerly known as

Association of Baltimore Area Grantmakers

EIN

52-1326863

Subject area info

Philanthropy

Business and industry

Population served info

Adults

NTEE code info

Professional Societies, Associations (Y03)

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

Reports and documents
2023 Strategic Frame 2023 Strategic Frame

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Maryland Philanthropy Network

Maryland Philanthropy Network acts as an organizing backbone and convener bringing funders and partners together to promote alignment and action around issues affecting communities across Maryland.

We design educational programming to meet the needs of trustees, executive and professional philanthropic staff at every level of engagement and stage of career and seek to extend the capacity of our members.

We provide a responsive infrastructure that connects funders to address emerging issues, policy shifts, and current events impacting our state and engage grantseekers to strengthen the connection between philanthropy, nonprofits, and social sector innovators.

We support dialogue, workshops, and events that raise awareness of systemic, structural and institutional racism to inform our community of funders and the social sector at large – and motivate intentional actions as institutions, organizations, and individuals to undo racism in our policies, practices and lives.

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of rallies/events/conferences/lectures held to further mission

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Goals & Strategy

SOURCE: Self-reported by organization

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

Financials

Maryland Philanthropy Network
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 Maryland Philanthropy Network Annual Audit 2020 Maryland Philanthropy Network Annual Audit

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

14.34

Average of 13.27 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

8.8

Average of 6.9 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

18%

Average of 17% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Maryland Philanthropy Network

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Maryland Philanthropy Network

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Maryland Philanthropy Network

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Maryland Philanthropy Network’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 picture_as_pdf View full report cloud_downloadDownload data

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$169,002 -$9,904 $810,644 $267,212 $4,500,521
As % of expenses -9.5% -0.5% 28.6% 5.0% 94.6%
Unrestricted surplus (deficit) after depreciation -$169,002 -$9,904 $756,887 $204,339 $4,500,521
As % of expenses -9.5% -0.5% 26.2% 3.8% 94.6%
Revenue composition info
Total revenue (unrestricted & restricted) $1,478,496 $1,609,332 $5,406,100 $5,920,100 $4,830,304
Total revenue, % change over prior year -21.0% 8.8% 235.9% 9.5% -18.4%
Program services revenue 2.0% 3.1% 3.2% 7.8% 14.2%
Membership dues 35.0% 29.8% 9.8% 9.2% 11.1%
Investment income 2.1% 2.5% 0.5% 0.5% 0.5%
Government grants 0.0% 0.0% 2.9% 0.0% 0.0%
All other grants and contributions 60.1% 70.5% 83.5% 80.5% 71.2%
Other revenue 0.9% -5.8% 0.1% 2.1% 3.0%
Expense composition info
Total expenses before depreciation $1,777,649 $1,817,768 $2,830,945 $5,306,363 $4,759,274
Total expenses, % change over prior year -3.8% 2.3% 55.7% 87.4% -10.3%
Personnel 49.4% 45.4% 47.0% 49.8% 47.1%
Professional fees 20.7% 23.6% 24.9% 19.0% 18.1%
Occupancy 4.2% 3.8% 7.1% 10.6% 7.6%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 16.4% 18.1% 9.3% 7.0% 10.1%
All other expenses 9.3% 9.1% 11.7% 13.6% 17.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,777,649 $1,817,768 $2,884,702 $5,369,236 $4,759,274
One month of savings $148,137 $151,481 $235,912 $442,197 $396,606
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $687,164 $0 $0
Total full costs (estimated) $1,925,786 $1,969,249 $3,807,778 $5,811,433 $5,155,880

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 5.2 3.7 12.2 7.1 8.8
Months of cash and investments 13.6 14.1 17.6 10.4 12.0
Months of estimated liquid unrestricted net assets 9.4 9.1 6.4 4.0 15.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $767,248 $567,991 $2,873,127 $3,122,377 $3,503,911
Investments $1,248,704 $1,573,489 $1,279,580 $1,458,600 $1,240,250
Receivables $71,367 $44,230 $33,390 $648,709 $251,909
Gross land, buildings, equipment (LBE) $142,333 $142,333 $829,498 $829,498 $829,498
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 23.6% 31.2% 31.2%
Liabilities (as a % of assets) 6.7% 10.7% 4.7% 4.8% 5.9%
Unrestricted net assets $1,387,208 $1,377,304 $2,134,191 $2,338,530 $6,839,051
Temporarily restricted net assets $573,643 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $573,643 $594,589 $2,487,822 $3,193,041 -$1,561,123
Total net assets $1,960,851 $1,971,893 $4,622,013 $5,531,571 $5,277,928

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President and CEO

Danista E Hunte

Number of employees

Source: IRS Form 990

Maryland Philanthropy Network

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Maryland Philanthropy Network

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Maryland Philanthropy Network

Board of directors
as of 10/23/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

David Daniels

Bainum Family Foundation

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/23/2023
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Female

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability