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Titans INC EIN 27-4705548

Titans INC

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A recreation and sports nonprofit based in Westminster, MD. It reported about $97K in revenue for 2024. For fiscal year 2024 it reported $97K in revenue, $84K in expenses, and $12K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Westminster, MD
Website
www.titansbaseballclub.com
Filings
2 on file (2023–2024)
Revenue
$97KFY2024
Expenses
$84K
Net assets
$12K
People
2
Filings
2
Updates
0
More identity details & actions ⌄
EIN  27-4705548 Public charity (501(c)(3)) Westminster, MD
Form 990 (PDF)
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Size
<$100K
What they do
A recreation and sports nonprofit based in Westminster, MD. It reported about $97K in revenue for 2024.
Leadership
Joe Balsamo · President
Money in and out
$97K revenue, $84K expenses
Bottom line
1.7mo operating runway
Where the money goes · FY2024
Total revenue
$97K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.91
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +89% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +282% vs prior filing year
Donor-funded
10%
of revenue is gifts & grants▲ +211% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$97K
FY2024▲ +56%
Total revenue
$97K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$12K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$12K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTitans INC
EINHdr · item D27-4705548
Principal addressHdr · item CWestminster, MD
WebsiteHdr · item Jwww.titansbaseballclub.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N63)
Ruling yearIRS BMFApr 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Joe Balsamo
President
$0Pt VII · Sec A
Mike Heher
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$87K · 90%
Contributions & grants$10K · 10%
Other revenue90%$87K
Contributions & grants10%$10K
Total revenueLn 12$97K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91
Program services91%$77K
Total functional expensesLn 25$84K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$12K
Total liabilitiesLn 26$0
Total net assetsLn 32$12K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12K · Operating expenses/yr $84K
1.7 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $97K
10%
Government reliance
not reported
Earned-income share
Program service revenue $63K · Total revenue $97K
64%
Investment reliance
Investment income — · Total revenue $97K
—
Program self-sufficiency
Program service revenue $63K · Total expenses $84K
74%
Growth & trend
Revenue growth (YoY)
This year $97K · Prior year $62K
+56%
Net-asset trend (YoY)
End of year $12K · Beginning of year $-868
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $97K · Expenses $84K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $12K
—
Net-asset ratio
Net assets $12K · Total assets $12K
100%
People & payroll
Highest Reported Total Compensation
Individual Joe Balsamo · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $84K
0%
Personnel share
Salaries & benefits — · Total expenses $84K
Form 990-EZ bundles compensation — not comparable to full-990 filers
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%——
Revenue growth 56%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$62K revenue · ⤓ 990 PDF
FY2023$67K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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