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Mount Olive Community Development Corporation

IRS exemption revoked

Annapolis, MDUnknown exempt organization EIN 52-2304735Revenue $33K in FY2020Latest return filed Nov 12, 2021

On file with the IRS2 Hicks Avenue · Annapolis, MD

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To provide Community support for the greater parole Community which improve educational conditions of residents,promote and provide job training,and Development of entrepreneurial skills.

81¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33K
Spent
$21K
To programs
81%
Net assets
$10K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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% · $17K Management & general 19% · $4K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Essie Wall
Chief Executive Officer
$0Pt VII · Sec A
Maggie a Burnette
Vice Chair/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Sherry Medley
Indiv Trustee
$0Pt VII · Sec A
See Mount Olive Community Development Corporation executive salaries →

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

Improves education, job training, and entrepreneurship for the Parole community.

Questions for Mount Olive Community Development Corporation

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1 program · $17K · in their own filed words · FY2020
01

The COVID-19 Pandemic in year 2020 extremely limited Mount Olive Community Development Corporation's accomplishments. However, Inspite of the pandemic, we developed and launched our first professional website and provided COVID related information to the community.

$17Kprogram 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 · FY2020
Anne Arundel Economic Development CorporationFY2020$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$33K
Ln 12
Other incomeLn 4–11$27K
Gifts and grantsLn 1h$6K
Investment incomeLn 3$7
Money outPt IX
$21K
Ln 25
Programscol B$17K
Managementcol C$4K
Owns and owesPt X
$10K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$5K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$7
Other incomeLn 4–11$27K
Total revenueLn 12$33K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$5K
Net assetsLn 32$10K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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$13K$16K
Total assetsLn 16$13K$16K
LiabilitiesLn 26$7K$5K
Net assetsLn 32$7K$10K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$3K$3K$372$0
Accounting feesLn 11c$708$85$623$0
Office expensesLn 13$763$524$239$0
Other expenses (24a–d)Ln 24$16K$13K$3K$0
Total functional expensesLn 25$21K$17K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Nov 12, 2021 $33K$21K$12K$10K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $32,888 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,842$6,350
I-9 Program service revenue$0
I-10 Investment incomePrior year $20$7
I-11 Other revenuePrior year $30,191$26,531
I-12 Total revenuePrior year $50,053$32,888
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,334$20,702
I-18 Total expensesPrior year $54,334$20,702
I-19 Revenue less expensesPrior year −$4,281$12,186
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $32,888 across 6 lines filed
VIII-1f All other contributions, gifts and grants$6,350
VIII-1h Total contributions, gifts and grants$6,350
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$7
VIII-6 Net rental income or lossRelated to mission $26,531$26,531
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $26,538 · Unrelated business $0 · Excluded from tax $0$32,888
Part IX · Statement of functional expenses $20,702 across 4 lines filed
IX-11a Management feesPrograms $2,728 · Management $372 · Fundraising $0$3,100
IX-11c Accounting feesPrograms $85 · Management $623 · Fundraising $0$708
IX-13 Office expensesPrograms $524 · Management $239 · Fundraising $0$763
IX-24 Other expenses (24a–d)Programs $13,408 · Management $2,723 · Fundraising $0$16,131
IX-25 Total functional expensesPrograms $16,745 · Management $3,957 · Fundraising $0$20,702
Part X · Balance sheet $15,771 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $13,484$15,771
X-16 Total assetsStart of year $13,484$15,771
X-19 Deferred revenueStart of year $1,400$0
X-25 Other liabilitiesStart of year $5,370$5,370
X-26 Total liabilitiesStart of year $6,770$5,370
X-27 Net assets without donor restrictionsStart of year $6,714$10,401
X-32 Total net assets or fund balancesStart of year $6,714$10,401
X-33 Total liabilities and net assetsStart of year $13,484$15,771
Part XI · Reconciliation of net assets $10,401 net assets at year end
XI-1 Total revenue$32,888
XI-2 Total expenses$20,702
XI-3 Revenue less expenses$12,186
XI-4 Net assets at start of year$6,714
XI-8 Prior period adjustments−$3,900
XI-9 Other changes in net assets−$4,599
XI-10 Net assets at end of year$10,401

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

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