Baltimore Connect EIN 81-4696688 Form 990 (PDF) Claim this org

Baltimore Connect

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Connects Baltimore communities to health and human services through collaboration. For fiscal year 2023 it reported $273K in revenue, $71K in expenses, and $389K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Baltimore, MD
Website
www.bmoreconnect.org
Filings
4 on file (2020–2023)
Revenue
$273KFY2023
Expenses
$71K
Net assets
$389K
People
17
Filings
4
Updates
0
More identity details & actions ⌄
EIN  81-4696688 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects Baltimore communities to health and human services through collaboration.
Leadership
Albert Wu · President
Money in and out
$273K revenue, $71K expenses
Bottom line
87% program efficiency
Where the money goes · FY2023
Total revenue
$273K
Pt VIII · Ln 12
Total expenses
$71K
Pt IX · Ln 25
Net assets
$389K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $202K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program efficiency
87%
of spending reaches programs
Operating runway
64.0mo
months of highly liquid reserves at operating expense rate▲ +87% vs prior filing year
Surplus margin
+74%
revenue over expenses, this year▲ +672% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$273K
FY2023▲ +288%
Total revenue
$273K
Pt VIII · Ln 12
Total expenses
$71K
Pt IX · Ln 25
Net assets
$389K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$202K
Total assetsPt X · Ln 16$406K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBaltimore Connect
EINHdr · item D81-4696688
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.bmoreconnect.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Baltimore Connect executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $62K of program spending, described in the organization's own filed words · FY2023.
01

Digital literacy and capacity building workshops

$56Kprogram expense
02

Workshop materials

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$270K · 99%
Program service revenue$3K · 1%
Contributions & grants99%$270K
Program service revenue1%$3K
Total revenueLn 12$273K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program services87%$62K
Management & general11%$8K
Fundraising2%$1K
Total functional expensesLn 25$71K

Balance Sheet

Part X · end of year
CashLn 1$380K
Total assetsLn 16$406K
Total liabilitiesLn 26$17K
Total net assetsLn 32$389K
Months of cash on handcomputed64.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $380K · Operating expenses/yr $71K
64.0 months
Where the money goes
Program services
Program services $62K · Total expenses $71K
87%
Management & General
Management & general $8K · Total expenses $71K
11%
Fundraising
Fundraising $1K · Total expenses $71K
2%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $270K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $270K · Total revenue $273K
99%
Government reliance
Government grants — · Total revenue $273K
Earned-income share
Program service revenue $3K · Total revenue $273K
1.0%
Investment reliance
Investment income $0 · Total revenue $273K
0%
Program self-sufficiency
Program service revenue $3K · Total expenses $71K
4%
Growth & trend
Revenue growth (YoY)
This year $273K · Prior year $70K
+288%
Net-asset trend (YoY)
End of year $389K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $273K · Expenses $71K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $406K
Net-asset ratio
Net assets $389K · Total assets $406K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $406K
0%
People & payroll
Highest Reported Total Compensation
Individual Albert Wu · Reported title President · Highest reported compensation $0 · Total expenses $71K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $71K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 11%
Fundraising cost ratio 0.4%
Revenue growth 288%
Investment management fee ratio 0%
Legal fee ratio 5%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$701K
Grants paid · 1 grant · $12K · 2023–2023

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$273K revenue · viewing · ⤓ 990 PDF
FY2022$70K revenue · ⤓ 990 PDF
FY2021$115K revenue · ⤓ 990 PDF
FY2020$138K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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