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Maxim Charitable Foundation INC FY2022 filing

Tax-deductible

Columbia, MD501(c)(3)Public Safety & Disaster EIN 27-2541827Revenue $196K in FY2022

On file with the IRSmaximcharitablefoundation.com7227 Lee Deforest Dr, 21046-3236 · Columbia, MDTax-exempt since Aug 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To operate exclusively for charitable purposes, including, for such purposes: (i) making need-based distributions and providing assistance to employees of Maxim Healthcare Services, Inc., a Maryland corporation, or their family members, adversely affected by a "qualified disaster", (ii) making distributions and providing assistance to organizations that qualify as exempt organizations under Sec 501(c)(3) which provide relief, financial aid, assistance and disaster relief payments to disaster victims or to the poor or distressed, or which provide donations for social justice purposes, (iii) making need-based distributions and providing assistance to victims of disasters and their families and to the poor and distressed, (iv) developing parameters for, reviewing and approving applications for, and making social justice based scholarships, and (v) making distributions and providing assistance to other organizations that qualify as exempt organizations under Sec 501(c)(3) of the IRC.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$196K
+34% vs prior year
Spent
$211K
To programs
90%
Net assets
$178K
By yearFY2021–FY2024
Revenue
$196K
FY2022▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2021$146K
FY2022$196K
FY2023$160K
FY2024$211K
Expenses
$211K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$211K
FY2023$122K
FY2024$215K
Net assets
$178K
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$193K
FY2022$178K
FY2023$215K
FY2024$211K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2010.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $190K Management & general 4% · $8K Fundraising 6% · $12K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Tamara Fuller
President, Director
$0Pt VII · Sec A
Chelsea Hagerty
Vice President, Director
$0Pt VII · Sec A
Jeffrey Forney
Treasurer, Director
$0Pt VII · Sec A
Cheri Worcester
Secretary, Director
$0Pt VII · Sec A
Patricia Lange
Asst Secretary, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Maxim Charitable Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides aid to disaster victims, employees, and charitable groups supporting social justice.

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Provided by the organization

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3 programs · $114K · in their own filed words · FY2022
01

The organization made social justice based scholarship distributions on behalf of 12 individuals whom submitted applications that were reviewed and approved based on parameters developed by the Social Justice Committee.

$57Kprogram expense
02

The organization made distributions and provided assistance to 9 organizations that qualify as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986, as amended, which provide relief, financial aid, assistance and disaster relief payments to disaster victims or to the poor or distressed, or which provide…

$31Kprogram expense
03

The organization made need-based distributions and provided assistance to 36 individuals; employees of Maxim, or their family members, victims of disasters, and to the poor and distressed who were disadvantaged by injury or illness.

$26Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
The Davis Family Foundation INCFY2024$25K
Littler Mendelson Foundation INC Attn Tax ManagerFY2024$3K
Total grants receivedfrom 2 funders$28K
Grants paid · 12 grants · $291K · 2022–2024
Unitemized GrantFY2024$68,450
Unitemized GrantFY2024$31,000
Unitemized GrantFY2024$22,179
Unitemized GrantFY2024$14,773
Unitemized GrantFY2024$13,689
Unitemized GrantFY2023$30,464
Unitemized GrantFY2023$20,638
Unitemized GrantFY2023$17,043
Baltimore Animal Rescue and Care Shelter BarcsMD · FY2023$5,075
Unitemized GrantFY2023$1,000
Unitemized GrantFY2022$57,000
Howard Community College Educational Foundation INCMD · FY2022$10,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$196K
Ln 12
Gifts and grantsLn 1h$237K
Money outPt IX
$211K
Ln 25
Programscol B$190K
Managementcol C$8K
Fundraisingcol D$12K
Owns and owesPt X
$178K
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$189K
LiabilitiesLn 26$11K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$99K
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$189K
Cash and savings togetherLn 1–2$189K
Total assetsLn 16$189K
LiabilitiesLn 26$11K
Net assetsLn 32$178K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$200K$189K
Total assetsLn 16$200K$189K
LiabilitiesLn 26$7K$11K
Net assetsLn 32$193K$178K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Grants to domestic individualsLn 2$161K$161K
Other expenses (24a–d)Ln 24$20K$0$8K$12K
All other expensesLn 24e$0
Total functional expensesLn 25$211K$190K$8K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $211K$215K−$4K$211K 990 PDF
FY2023 $160K$122K$37K$215K 990 PDF
FY2022 Viewing $196K$211K−$15K$178K 990 PDF
FY2021 $146K$193K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $195,634 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,531$237,263
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue−$41,629
I-12 Total revenuePrior year $145,531$195,634
I-13 Grants and similar amounts paidPrior year $91,781$190,495
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,260$20,307
I-18 Total expensesPrior year $108,041$210,802
I-19 Revenue less expensesPrior year $37,490−$15,168
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $195,634 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$99,139
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$138,124
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$237,263
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$41,629−$41,629
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$41,629$195,634
Part IX · Statement of functional expenses $210,802 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $29,685$29,685
IX-2 Grants to domestic individualsPrograms $160,810$160,810
IX-24 Other expenses (24a–d)Programs $0 · Management $8,008 · Fundraising $12,299$20,307
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $190,495 · Management $8,008 · Fundraising $12,299$210,802
Part X · Balance sheet $189,171 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $200,377$189,171
X-16 Total assetsStart of year $200,377$189,171
X-17 Accounts payable and accrued expensesStart of year $7,233$11,195
X-26 Total liabilitiesStart of year $7,233$11,195
X-27 Net assets without donor restrictionsStart of year $193,144$177,976
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $193,144$177,976
X-33 Total liabilities and net assetsStart of year $200,377$189,171
Part XI · Reconciliation of net assets $177,976 net assets at year end
XI-1 Total revenue$195,634
XI-2 Total expenses$210,802
XI-3 Revenue less expenses−$15,168
XI-4 Net assets at start of year$193,144
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$177,976

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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