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Anchor Point INC FY2021 filing

Tax-deductible

Cambridge, MD501(c)(3)EnvironmentEIN 26-2090520Revenue $20K in FY2021

On file with the IRSanchorpointmd.org902 Peachblossom Ave, 21613-2825 · Cambridge, MDTax-exempt since Feb 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To provide mentoring and character building, job training and education experiences for youth and adults through various activities.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $803K a year · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $21K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20K
+100% vs prior year
Spent
$201K
To programs
61%
Net assets
$619K
By yearFY2020–FY2025
Revenue
$20K
FY2021▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020−$4.3M
FY2021$20K
FY2022$84K
FY2023$160K
FY2024$174K
FY2025$178K
Expenses
$201K
FY2021▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$239K
FY2021$201K
FY2022$189K
FY2023$170K
FY2024$177K
FY2025$198K
Net assets
$619K
FY2021▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$801K
FY2021$619K
FY2022$514K
FY2023$504K
FY2024$500K
FY2025$480K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $123K Management & general 39% · $78K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Alan McRae
Executive Director
$0Pt VII · Sec A
Nancy McRae
Secretary & Board Member
$0Pt VII · Sec A
Robert Gladney
Board Member
$0Pt VII · Sec A
Wendy McRae
Board Member
$0Pt VII · Sec A
See Anchor Point INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers mentoring, job training, and education to youth and adults through diverse activities.

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Provided by the organization

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3 programs · $16K · in their own filed words · FY2020
01

Community outreach projects including food bank and day care center.

$11Kprogram expense
02

Community projects and support to build the community and trust.

$5Kprogram expense
03

School readiness program.

$468program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The Shakiba FoundationFY2024$10K
Kathleen Cailloux Family Foundation Happy State Bank & Trust TrusteeFY2024$10K
Bhalla Family FoundationFY2024$1K
Total grants receivedfrom 3 funders$21K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$20K
Ln 12
Fees for servicesLn 2g$24K
Gifts and grantsLn 1h$5K
Investment incomeLn 3$1K
Money outPt IX
$201K
Ln 25
Programscol B$123K
Managementcol C$78K
Owns and owesPt X
$619K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$619K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$24K
Investment incomeLn 3$1K
Gains on assetsLn 7−$24K
Total revenueLn 12$20K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Land, buildings, equipmentLn 10c$432K
Other assetsLn 15$127K
Total assetsLn 16$619K
LiabilitiesLn 26$0
Net assetsLn 32$619K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$348K$60K
Land, buildings, equipmentLn 10c$281K$432K
Total assetsLn 16$801K$619K
LiabilitiesLn 26$0$0
Net assetsLn 32$801K$619K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$15K$15K
Office expensesLn 13$4K$5$4K
Information technologyLn 14$498$498
OccupancyLn 16$4K$4K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$218$218
Depreciation, depletion and amortizationLn 22$41K$41K
Other expenses (24a–d)Ln 24$118K$118K
All other expensesLn 24e$11K$5K$6K
Total functional expensesLn 25$201K$123K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $178K$198K−$20K$480K 990 PDF
FY2024 $174K$177K−$3K$500K 990 PDF
FY2023 $160K$170K−$10K$504K 990 PDF
FY2022 $84K$189K−$106K$514K 990 PDF
FY2021 Viewing $20K$201K−$181K$619K 990 PDF
FY2020 −$4.3M$239K−$4.5M$801K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $19,850 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,350$5,433
I-9 Program service revenuePrior year $36,063$24,426
I-10 Investment incomePrior year −$4,347,272−$22,425
I-11 Other revenuePrior year $41,668$12,416
I-12 Total revenuePrior year −$4,258,191$19,850
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,597$15,253
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $224,442$185,976
I-18 Total expensesPrior year $239,039$201,229
I-19 Revenue less expensesPrior year −$4,497,230−$181,379
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $19,850 across 7 lines filed
VIII-1f All other contributions, gifts and grants$5,433
VIII-1h Total contributions, gifts and grants$5,433
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,426$24,426
VIII-3 Investment incomeRelated to mission $1,192$1,192
VIII-7 Net gain or loss on sales of assetsRelated to mission −$23,617−$23,617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,416$12,416
VIII-12 Total revenueRelated to mission $14,417 · Unrelated business $0 · Excluded from tax $0$19,850
Part IX · Statement of functional expenses $201,229 across 9 lines filed
IX-9 Other employee benefitsManagement $15,253$15,253
IX-13 Office expensesPrograms $5 · Management $4,071$4,076
IX-14 Information technologyManagement $498$498
IX-16 OccupancyManagement $3,679$3,679
IX-17 TravelManagement $7,065$7,065
IX-19 Conferences, conventions and meetingsManagement $218$218
IX-22 Depreciation, depletion and amortizationManagement $41,189$41,189
IX-24 Other expenses (24a–d)Programs $117,846$117,846
IX-24e All other expensesPrograms $5,379 · Management $6,026$11,405
IX-25 Total functional expensesPrograms $123,230 · Management $77,999 · Fundraising $0$201,229
Part X · Balance sheet $619,302 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $348,295$59,870
X-10c Land, buildings and equipment, netStart of year $280,567$432,479
X-15 Other assetsStart of year $171,819$126,953
X-16 Total assetsStart of year $800,681$619,302
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $800,681$619,302
X-33 Total liabilities and net assetsStart of year $800,681$619,302
Part XI · Reconciliation of net assets $619,302 net assets at year end
XI-1 Total revenue$19,850
XI-2 Total expenses$201,229
XI-3 Revenue less expenses−$181,379
XI-4 Net assets at start of year$800,681
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$619,302

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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