Inner Arbor Trust INC FY2023 filing

Tax-deductible

Columbia, MD501(c)(3)Arts & CultureEIN 46-2748824Revenue $1.3M in FY2023

On file with the IRSinnerarbortrust.com5430 Vantage Point Rd Ste A, 21044-2642 · Columbia, MDTax-exempt since Jan 2014Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$60K 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

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
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
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 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
$874K
10% of total assets
Looks good: liabilities are 10% 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
$1.3M
+58% vs prior year
Spent
$1.1M
To programs
57%
Net assets
$7.5M
By yearFY2019–FY2025
Revenue
$1.3M
FY2023▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2019$544K
FY2020$874K
FY2021$225K
FY2022$849K
FY2023$1.3M
FY2024$448K
FY2025$495K
Expenses
$1.1M
FY2023▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2019$494K
FY2020$646K
FY2021$556K
FY2022$1.2M
FY2023$1.1M
FY2024$773K
FY2025$628K
Net assets
$7.5M
FY2023▲ +4%
Tap a bar for its year
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 FY2023 Form 990 (year ending April 2023) · see the original

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You’re viewing the FY2023 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

57 cents of each dollar spent went to programs.

Program services 57% · $618K Management & general 43% · $465K

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

8 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President CEO
$60,000Pt VII · Sec A
$0Pt 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

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 · 2 named individuals · Part VII

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

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.

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Provided by the organization

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2 programs · $618K · in their own filed words · FY2022
01

Improve open space

$355Kprogram expense
02

Provide performances

$262Kprogram 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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$164K
Other incomeLn 4–11$10K
Money outPt IX
$1.1M
Ln 25
Programscol B$618K
Managementcol C$465K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$8.4M
LiabilitiesLn 26$874K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$974K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$164K
Investment incomeLn 3$7
Other incomeLn 4–11$10K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$984K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7.3M
Other assetsLn 15$3K
Total assetsLn 16$8.4M
LiabilitiesLn 26$874K
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$311K$1.0M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$7.6M$7.3M
Total assetsLn 16$7.9M$8.4M
LiabilitiesLn 26$661K$874K
Net assetsLn 32$7.3M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$0$60K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$63K$63K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$6K$0$6K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$258K$0$258K$0
Accounting feesLn 11c$43K$0$43K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$8K$8K$0$0
Office expensesLn 13$11K$0$11K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$27K$0$27K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$170K$170K$0$0
InsuranceLn 23$56K$0$56K$0
Other expenses (24a–d)Ln 24$380K$375K$5K$0
All other expensesLn 24e$2K$2K$0$0
Total functional expensesLn 25$1.1M$618K$465K$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 Viewing $1.3M$1.1M$261K$7.5M 990 PDF
FY2022 $849K$1.2M−$346K$7.3M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,344,258 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $492,900$1,170,346
I-9 Program service revenuePrior year $356,456$163,905
I-10 Investment incomePrior year $5$7
I-11 Other revenuePrior year $0$10,000
I-12 Total revenuePrior year $849,361$1,344,258
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 $80,188$128,765
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,115,096$954,174
I-18 Total expensesPrior year $1,195,284$1,082,939
I-19 Revenue less expensesPrior year −$345,923$261,319
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,344,258 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$973,536
VIII-1f All other contributions, gifts and grants$196,810
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,170,346
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,905 · Unrelated business $0 · Excluded from tax $0$163,905
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $7 · Excluded from tax $0$7
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,000 · Unrelated business $0 · Excluded from tax $0$10,000
VIII-12 Total revenueRelated to mission $173,905 · Unrelated business $7 · Excluded from tax $0$1,344,258
Part IX · Statement of functional expenses $1,082,939 across 27 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $60,000 · Fundraising $0$60,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $63,131 · Management $0 · Fundraising $0$63,131
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $5,634 · Fundraising $0$5,634
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $257,818 · Fundraising $0$257,818
IX-11c Accounting feesPrograms $0 · Management $42,805 · Fundraising $0$42,805
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $7,644 · Management $0 · Fundraising $0$7,644
IX-13 Office expensesPrograms $0 · Management $11,438 · Fundraising $0$11,438
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $26,892 · Fundraising $0$26,892
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $169,993 · Management $0 · Fundraising $0$169,993
IX-23 InsurancePrograms $0 · Management $55,936 · Fundraising $0$55,936
IX-24 Other expenses (24a–d)Programs $375,484 · Management $4,618 · Fundraising $0$380,102
IX-24e All other expensesPrograms $1,546 · Management $0 · Fundraising $0$1,546
IX-25 Total functional expensesPrograms $617,798 · Management $465,141 · Fundraising $0$1,082,939
Part X · Balance sheet $8,394,987 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $31,042$984,283
X-2 Savings and temporary cash investmentsStart of year $280,170$16,863
X-3 Pledges and grants receivableStart of year $31,779$21,779
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $16,242$29,815
X-10c Land, buildings and equipment, netStart of year $7,557,535$7,338,753
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $3,494$3,494
X-16 Total assetsStart of year $7,920,262$8,394,987
X-17 Accounts payable and accrued expensesStart of year $28,694$241,381
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $362,807$362,807
X-25 Other liabilitiesStart of year $269,465$270,184
X-26 Total liabilitiesStart of year $660,966$874,372
X-27 Net assets without donor restrictionsStart of year $7,259,296$7,520,615
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $7,259,296$7,520,615
X-33 Total liabilities and net assetsStart of year $7,920,262$8,394,987
Part XI · Reconciliation of net assets $7,520,615 net assets at year end
XI-1 Total revenue$1,344,258
XI-2 Total expenses$1,082,939
XI-3 Revenue less expenses$261,319
XI-4 Net assets at start of year$7,259,296
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$7,520,615

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

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