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Maxim Charitable Foundation INC FY2023 filing

Tax-deductible

Columbia, MD501(c)(3)Public Safety & Disaster EIN 27-2541827Revenue $160K in FY2023

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.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.9 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
$8K
3% of total assets
Looks good: liabilities are 3% 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
$160K
-18% vs prior year
Spent
$122K
To programs
76%
Net assets
$215K
By yearFY2021–FY2024
Revenue
$160K
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2021$146K
FY2022$196K
FY2023$160K
FY2024$211K
Expenses
$122K
FY2023▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$211K
FY2023$122K
FY2024$215K
Net assets
$215K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2021$193K
FY2022$178K
FY2023$215K
FY2024$211K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

76 cents of each dollar spent went to programs.

Program services 76% · $93K Management & general 5% · $6K Fundraising 18% · $22K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Tamara Fuller
President, Director
$0Pt VII · Sec A
Jessica Vetroczky
Vice President, Director
$0Pt VII · Sec A
Patrick Wilson
Treasurer, Director
$0Pt VII · Sec A
Morgan Costello
Secretary, Director
$0Pt VII · Sec A
Samantha Richardson
Asst Secretary, Director
$0Pt VII · Sec A
Heather Alvarez
Board Member
$0Pt VII · Sec A
Kiara Barbosa
Board Member
$0Pt VII · Sec A
Mike Campion
Board Member
$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 · $73K · in their own filed words · FY2023
01

The organization made need-based distributions and provided assistance to 25 individuals; employees of Maxim, or their family members, victims of disasters, and to the poor and distressed who were disadvantaged by foreclosure or eviction.

$30Kprogram expense
02

The organization made distributions and provided assistance to 6 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…

$22Kprogram expense
03

The organization made need-based distributions and provided assistance to 14 individuals; employees of Maxim, or their family members, victims of disasters, and to the poor and distressed who were disadvantaged by familial death.

$21Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$160K
Ln 12
Gifts and grantsLn 1h$210K
Money outPt IX
$122K
Ln 25
Programscol B$93K
Managementcol C$6K
Fundraisingcol D$22K
Owns and owesPt X
$215K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$8K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$210K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$106K
Total revenueLn 12$160K
Assets in detailPt X, end of year
CashLn 1$223K
Cash and savings togetherLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$8K
Net assetsLn 32$215K
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 FY23End FY23
Cash and savingsLn 1–2$189K$223K
Total assetsLn 16$189K$223K
LiabilitiesLn 26$11K$8K
Net assetsLn 32$178K$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Grants to domestic individualsLn 2$71K$71K
Other expenses (24a–d)Ln 24$29K$0$6K$22K
Total functional expensesLn 25$122K$93K$6K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $211K$215K−$4K$211K 990 PDF
FY2023 Viewing $160K$122K$37K$215K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $159,611 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $237,263$209,894
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$41,629−$50,283
I-12 Total revenuePrior year $195,634$159,611
I-13 Grants and similar amounts paidPrior year $190,495$93,471
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,307$28,889
I-18 Total expensesPrior year $210,802$122,360
I-19 Revenue less expensesPrior year −$15,168$37,251
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 $159,611 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$106,468
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$103,426
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$209,894
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$50,283−$50,283
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$50,283$159,611
Part IX · Statement of functional expenses $122,360 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $22,325$22,325
IX-2 Grants to domestic individualsPrograms $71,146$71,146
IX-24 Other expenses (24a–d)Programs $0 · Management $6,426 · Fundraising $22,463$28,889
IX-25 Total functional expensesPrograms $93,471 · Management $6,426 · Fundraising $22,463$122,360
Part X · Balance sheet $223,017 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $189,171$223,017
X-16 Total assetsStart of year $189,171$223,017
X-17 Accounts payable and accrued expensesStart of year $11,195$7,790
X-26 Total liabilitiesStart of year $11,195$7,790
X-27 Net assets without donor restrictionsStart of year $177,976$215,227
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $177,976$215,227
X-33 Total liabilities and net assetsStart of year $189,171$223,017
Part XI · Reconciliation of net assets $215,227 net assets at year end
XI-1 Total revenue$159,611
XI-2 Total expenses$122,360
XI-3 Revenue less expenses$37,251
XI-4 Net assets at start of year$177,976
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$215,227

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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