Inner Arbor Trust INC FY2021 filing

Tax-deductible

Columbia, MD501(c)(3)Arts & CultureEIN 46-2748824

To develp and revitalize open space, known as symphony woods, as a public park

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
3 of 7
filings with a surplus
Average deficit $85K a year · 12% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$269K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
-74% vs prior year
Spent
$556K
To programs
59%
Net assets
$7.6M
By yearFY2019–FY2025
Revenue
$225K
FY2021▼ -74%
Revenue by fiscal year
FY2019$544K
FY2020$874K
FY2021$225K
FY2022$849K
FY2023$1.3M
FY2024$448K
FY2025$495K
Expenses
$556K
FY2021▼ -14%
Expenses by fiscal year
FY2019$494K
FY2020$646K
FY2021$556K
FY2022$1.2M
FY2023$1.1M
FY2024$773K
FY2025$628K
Net assets
$7.6M
FY2021▼ -4%
Net assets by fiscal year
FY2019$7.7M
FY2020$7.9M
FY2021$7.6M
FY2022$7.3M
FY2023$7.5M
FY2024$7.9M
FY2025$7.9M

From the FY2021 Form 990 (year ending April 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 Jan 2014.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $328K Management & general 41% · $228K

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

Who runs it and what they're paid

9 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President &
$70,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nina Basu’s $60K as President CEO is at the 55th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nina Basu———$84,000$70,000$70,000
Nina Basu ESQ——————
Nina Basu$60,000$60,000$60,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Inner Arbor Trust 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 15aYes

Programs and updates

Develops and revitalizes Symphony Woods as a public park for community enjoyment.

Provided by the organization

This section is blank until Inner Arbor Trust INC claims this page.

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1 program service account for $328K of program spending, described in the organization's own filed words · FY2020.
01

Inner arbor trust opened the iconic chrysalis amphitheatre on april 22, 2017, bringing high-quality arts and culture programming to downtown columbia. The chrysalis presents performances, including commercial ticketed, non-commercial ticketed, and free and open to the public events.

$328Kprogram expense

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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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$206K
Fees for servicesLn 2g$19K
Investment incomeLn 3$6
Money outPt IX
$556K
Ln 25
Programscol B$328K
Managementcol C$228K
Owns and owesPt X
$7.6M
net assets · Ln 32
Cash and savingsLn 1–2$227K
Total assetsLn 16$7.9M
LiabilitiesLn 26$269K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Government grantsLn 1e$157K
Fees for servicesLn 2g$19K
Investment incomeLn 3$6
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$227K
InvestmentsLn 11–13$3K
Land, buildings, equipmentLn 10c$7.6M
Total assetsLn 16$7.9M
LiabilitiesLn 26$269K
Net assetsLn 32$7.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderApril
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 FY21End FY21
Cash and savingsLn 1–2$289K$227K
InvestmentsLn 11–13$3K
Land, buildings, equipmentLn 10c$7.8M$7.6M
Total assetsLn 16$8.1M$7.9M
LiabilitiesLn 26$164K$269K
Net assetsLn 32$7.9M$7.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$35K$35K
Other salaries and wagesLn 7$19K$19K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$1K$1K
Legal feesLn 11b$113K$113K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$83K$83K
TravelLn 17$168$168
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$201K$201K
InsuranceLn 23$50K$50K
Total functional expensesLn 25$556K$328K$228K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $495K$628K−$133K$7.9M 990 PDF
FY2024 $448K$773K−$325K$7.9M 990 PDF
FY2023 $1.3M$1.1M$261K$7.5M 990 PDF
FY2022 $849K$1.2M−$346K$7.3M 990 PDF
FY2021 Viewing $225K$556K−$330K$7.6M 990 PDF
FY2020 $874K$646K$228K$7.9M 990 PDF
FY2019 $544K$494K$49K$7.7M 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 (4 parts)
Part VIII · Statement of revenue $225,387 across 6 lines filed
VIII-1e Government grants$156,588
VIII-1f All other contributions, gifts and grants$49,787
VIII-1h Total contributions, gifts and grants$206,375
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,006$19,006
VIII-3 Investment incomeRelated to mission $6$6
VIII-12 Total revenueRelated to mission $19,012$225,387
Part IX · Statement of functional expenses $555,865 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,000 · Management $35,000$70,000
IX-7 Other salaries and wagesManagement $18,607$18,607
IX-9 Other employee benefitsManagement $1,490$1,490
IX-10 Payroll taxesManagement $1,234$1,234
IX-11b Legal feesManagement $113,373$113,373
IX-11c Accounting feesManagement $8,400$8,400
IX-11g Other fees for servicesPrograms $82,880$82,880
IX-17 TravelPrograms $168$168
IX-20 InterestPrograms $8,633$8,633
IX-22 Depreciation, depletion and amortizationPrograms $201,163$201,163
IX-23 InsuranceManagement $49,917$49,917
IX-25 Total functional expensesPrograms $327,844 · Management $228,021 · Fundraising $0$555,865
Part X · Balance sheet $7,874,075 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $278$5,040
X-2 Savings and temporary cash investmentsStart of year $288,591$221,501
X-3 Pledges and grants receivableStart of year $30,000$30,000
X-9 Prepaid expenses and deferred chargesStart of year $3,843$3,850
X-10c Land, buildings and equipment, netStart of year $7,776,936$7,610,190
X-11 Publicly traded securities$3,494
X-16 Total assetsStart of year $8,099,648$7,874,075
X-17 Accounts payable and accrued expensesStart of year $43,951$810
X-24 Unsecured notes and loans payableStart of year $120,000$268,030
X-25 Other liabilities$16
X-26 Total liabilitiesStart of year $163,951$268,856
X-27 Net assets without donor restrictionsStart of year $7,935,697$7,605,219
X-32 Total net assets or fund balancesStart of year $7,935,697$7,605,219
X-33 Total liabilities and net assetsStart of year $8,099,648$7,874,075
Part XI · Reconciliation of net assets $7,605,219 net assets at year end
XI-1 Total revenue$225,387
XI-2 Total expenses$555,865
XI-3 Revenue less expenses−$330,478
XI-4 Net assets at start of year$7,935,697
XI-10 Net assets at end of year$7,605,219

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

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