The Hive MD INC FY2023 filing

Tax-deductible

Westminster, MD501(c)(3)Youth DevelopmentEIN 81-0948522Revenue $171K in FY2023

On file with the IRSthehivemd.org255 Clifton Blvd Ste 312, 21157-4787 · Westminster, MDTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Ensure that children have their basic needs met year round and they can participate in breaking the cycle of trauma.

501(c)(3) charity; gifts are tax-deductible.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990-EZIndependent: 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-EZ
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $227 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Pay to officers and key staff
$21K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$171K
-31% vs prior year
Net assets
−$2K
By yearFY2020–FY2024
Revenue
$171K
FY2023▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2021$273K
FY2022$248K
FY2023$171K
FY2024$173K
Expenses
—
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$248K
FY2022$274K
FY2023Not on file
FY2024Not on file
Net assets
−$2K
FY2023▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2020$30K
FY2021$27K
FY2022−$49K
FY2023−$2K
FY2024$49K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 May 2017.

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

Who runs it and what they're paid

12 people listed on the 990-EZ; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
Program Director
$11,550Pt VII · Sec A
Ex-Officio
$8,975Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Katelyn Speert’s $34K as Ex-Officio and Executive Director is at the 25th percentile of top reported officer pay among 1992 $100K–1M youth development 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

NameFY2024FY2023FY2022FY2021FY2020
Katelyn Speert$33,500$8,975$35,778$51,680$34,760
Angel Hill—$11,550———

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 The Hive MD INC executive salaries →

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Programs and updates

Provides children with basic needs and support to break the cycle of trauma.

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Provided by the organization

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2 programs · $220K · in their own filed words · FY2022
01

Wraparound Family Services provides service navigation for families and individuals with complex needs.

$114Kprogram expense
02

Group mentoring programs (Discover You, Velocity, Rise Up) for children ages 5-18 years old.

$106Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2023 990-EZ, line by line.

1The main four
Money in
$171K
Other income$171K
Owns and owes
−$2K
net assets
Liabilities$10K
People
12
listed
Paid2
2In more detail
Revenue in detail
Other income$171K
Total revenue$171K
Assets in detailEnd of year
Liabilities$10K
Net assets−$2K
Operations
Employees5
Volunteers50
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $173K$49K 990 PDF
FY2023 Viewing $171K−$2K 990 PDF
FY2022 $248K$274K−$26K−$49K 990 PDF
FY2021 $273K$248K$25K$27K 990 PDF
FY2020 $151K$30K 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

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

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