Bit Community Center INC FY2020 filing

Tax-deductible

Baltimore, MD501(c)(3)Arts & CultureEIN 52-2169101Revenue $327K in FY2020

On file with the IRSitalymd.org3009 Greenmount Ave, 21218-3939 · Baltimore, MDTax-exempt since Oct 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to support an equitable prosperous baltimore, building Community health and wealth for citizens of the world who call baltimore home. Always inspired by our italian culture, we DO so by empowering families through the arts, building Community access to affordable quality food, providing food education, promoting food justice, creating international exchange opportunities, training, and jobs for young adults.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$55K 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

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $35K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$55K
129% of total assets
Concern: liabilities are 129% of assets; over 80%.
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
$327K
Spent
$215K
To programs
81%
Net assets
−$12K
By yearFY2020–FY2024
Revenue
$327K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$327K
FY2021$454K
FY2022$391K
FY2023$145K
FY2024$276K
Expenses
$215K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$215K
FY2021$399K
FY2022$276K
FY2023$251K
FY2024$278K
Net assets
−$12K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$12K
FY2021$43K
FY2022$156K
FY2023$47K
FY2024$46K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Oct 1999.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $175K Management & general 12% · $27K Fundraising 6% · $14K

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; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Excutive Director
$55,469Pt VII · Sec A
Director and Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Chair and President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Monica E Lapenta’s $65K as Executive Director & CEO is at the 60th 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

NameFY2024FY2023FY2021FY2020
Monica Lapenta——$86,544$55,469
Monica E Lapenta$65,360$66,800——
Jamera B Lewis Hawkins$30,340———

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.

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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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Empowers families through arts, affordable food access, education, and job training for a healthier, wealthier Baltimore.

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Provided by the organization

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3 programs · $78K · in their own filed words · FY2020
01

Be a chef for a day (bacfad beat), is a youth-centric and skills-centered dynamic food initiative that operates in the greater baltimore-washington area in maryland and provides meals, nutritional education, life, and culinary skills, and training to youth and their families.

$78Kprogram expense
02

Italian language and culture classes -full immersion language, culture and culinary classes for youth and adults.

Pt IX · col B
03

National italian american gallery (arte) -concerts, talks, movies: all surrounded by art!

Pt IX · col B

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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$327K
Ln 12
Gifts and grantsLn 1h$301K
Fees for servicesLn 2g$26K
Money outPt IX
$215K
Ln 25
Programscol B$175K
Managementcol C$27K
Fundraisingcol D$14K
Owns and owesPt X
−$12K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$42K
LiabilitiesLn 26$55K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$301K
Government grantsLn 1e$52K
Fees for servicesLn 2g$26K
Total revenueLn 12$327K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$42K
LiabilitiesLn 26$55K
Net assetsLn 32−$12K
OperationsPt I, VI
EmployeesI 512
VolunteersI 6132
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$8K$23K
Land, buildings, equipmentLn 10c$191$19K
Total assetsLn 16$8K$42K
LiabilitiesLn 26$132K$55K
Net assetsLn 32−$124K−$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$28K$14K$14K
Other salaries and wagesLn 7$29K$29K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$571$491$80
Information technologyLn 14$6K$6K
OccupancyLn 16$15K$15K
TravelLn 17$1K$1K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$2K$882$1K
Other expenses (24a–d)Ln 24$92K$90K$3K
All other expensesLn 24e$2K$2K$336
Total functional expensesLn 25$215K$175K$27K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $276K$278K−$2K$46K 990 PDF
FY2023 $145K$251K−$106K$47K 990 PDF
FY2022 $391K$276K$115K$156K 990 PDF
FY2021 $454K$399K$54K$43K 990 PDF
FY2020 Viewing $327K$215K$112K−$12K 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 FY2020 990 (6 parts)
Part I · Summary $326,985 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,073$301,419
I-9 Program service revenuePrior year $4,665$25,566
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $63,738$326,985
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 $0$83,971
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $56,516$131,293
I-18 Total expensesPrior year $56,516$215,264
I-19 Revenue less expensesPrior year $7,222$111,721
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $326,985 across 5 lines filed
VIII-1e Government grants$52,200
VIII-1f All other contributions, gifts and grants$249,219
VIII-1h Total contributions, gifts and grants$301,419
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,566$25,566
VIII-12 Total revenueRelated to mission $25,566 · Unrelated business $0 · Excluded from tax $0$326,985
Part IX · Statement of functional expenses $215,264 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $27,735 · Management $13,867 · Fundraising $13,867$55,469
IX-7 Other salaries and wagesPrograms $28,502$28,502
IX-11c Accounting feesManagement $1,314$1,314
IX-11g Other fees for servicesPrograms $3,140$3,140
IX-13 Office expensesPrograms $491 · Management $80$571
IX-14 Information technologyPrograms $6,205$6,205
IX-16 OccupancyPrograms $15,349$15,349
IX-17 TravelPrograms $1,439$1,439
IX-20 InterestManagement $2,497$2,497
IX-22 Depreciation, depletion and amortizationManagement $4,765$4,765
IX-23 InsurancePrograms $882 · Management $1,189$2,071
IX-24 Other expenses (24a–d)Programs $89,575 · Management $2,501$92,076
IX-24e All other expensesPrograms $1,530 · Management $336$1,866
IX-25 Total functional expensesPrograms $174,848 · Management $26,549 · Fundraising $13,867$215,264
Part X · Balance sheet $42,161 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,214$22,912
X-10c Land, buildings and equipment, netStart of year $191$19,249
X-16 Total assetsStart of year $8,405$42,161
X-17 Accounts payable and accrued expensesStart of year $34,288$3,342
X-24 Unsecured notes and loans payable$27,697
X-26 Total liabilitiesStart of year $131,913$54,574
X-27 Net assets without donor restrictionsStart of year −$123,508−$12,413
X-32 Total net assets or fund balancesStart of year −$123,508−$12,413
X-33 Total liabilities and net assetsStart of year $8,405$42,161
Part XI · Reconciliation of net assets −$12,413 net assets at year end
XI-1 Total revenue$326,985
XI-2 Total expenses$215,264
XI-3 Revenue less expenses$111,721
XI-4 Net assets at start of year−$123,508
XI-8 Prior period adjustments−$626
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$12,413

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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