Civic Intelligence

Massb Foundation

990 • Fiscal year 2023 • EIN 26-1192752

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

80 West St Arundel County DPSAnnapolis, MD 21401

(443) 756-1116

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

87th percentile

41%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

71st percentile

16%

Faster asset growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$669,565

Up $92,571 (+16%) from 2022

Net Assets

Up

$669,565

Up $92,571 (+16%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$225,289

Down $63,302 (-22%) from 2022

Expenses

Down

$132,718

Down $217,670 (-62%) from 2022

Net Income

Up

$92,571

Up $154,368 (+250%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2020: $376,193Liabilities 2020: $0Net Assets 2020: $376,1932020Assets 2021: $639,025Liabilities 2021: $0Net Assets 2021: $639,0252021Assets 2022: $576,994Liabilities 2022: $0Net Assets 2022: $576,9942022Assets 2023: $669,565Liabilities 2023: $0Net Assets 2023: $669,5652023Assets 2024: $718,451Liabilities 2024: $0Net Assets 2024: $718,4512024

Highlighted filing

2023

Assets$669,565
Liabilities$0
Net Assets$669,565

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2020: $166,461Expenses 2020: $79,196Net Income 2020: $87,2652020Revenue 2021: $897,916Expenses 2021: $635,750Net Income 2021: $262,1662021Revenue 2022: $288,591Expenses 2022: $350,388Net Income 2022: -$61,7972022Revenue 2023: $225,289Expenses 2023: $132,718Net Income 2023: $92,5712023Revenue 2024: $238,851Expenses 2024: $187,454Net Income 2024: $51,3972024

Highlighted filing

2023

Revenue$225,289
Expenses$132,718
Net Income$92,571
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$225,289
Mission and Program Overview

Mission

The MASSB Foundation provides financial support for social service programs that complement the efforts of Maryland based departments of social services by funding programs that: protect at-risk children or adults, and preserve families. MASSB Foundation supports children or adults in many ways which include: emergency assistance, job training/counseling, family support focused on child protection, family reunification, and parental/guardian education and support. See Program Service Accomplishments for more details.

All donations are held in trust for dispurasement by trustees, who all serve as uncompensated volunteers, only for Maryland programs that are (1) directly related to assisting at-risk children, families and adults, ant (2) are not otherwise governmentally funded or provided.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$397,833$508,708▲ $110,875
Savings and Temporary Cash Investments$179,161$160,857▼ $18,304
Total Assets$576,994$669,565▲ $92,571
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$576,994$669,565▲ $92,571
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$576,994$669,565▲ $92,571
Total Liabilities and Net Assets / Fund Balance$576,994$669,565▲ $92,571
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$208,048
Program Service Revenue
$0
Investment Income
$17,241
Other Revenue
$0
All Other Contributions
$129,712
Change in Net Assets
$92,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$114,022
Other Expenses$18,696
Total Fundraising Expense$9,487
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$114,022--$114,022
Advertising--$8,438$8,438
Conferences and Meetings$4,850--$4,850
All Other Expenses--$1,049$1,049
Office Expenses-$894-$894
Fees for Services Accounting-$360-$360
Insurance-$236-$236
Other Expenses$0$200-$200
Total Functional Expenses$118,872$4,359$9,487$132,718
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Allegany County Crab Feast Fundraiser$32,077$32,077$0$32,077
Total Events$32,077$32,077$5,730$26,347
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 9

(1) Kennith White 319 Main St. St. Laurel, MD 20707; (2) Chris Cummings, 13903 Ensign Road, Solomons, MD 20688; (3) Tony Wohlers 1105 Thebes Drive, Bel Air, MD 21015; and (4) Karen Lane, 12053 Steven Lane, Dunkirk, MD 20754.

Form 990, Part VI, Section B, Line 11B

990 Review Process: The Foundation's Treasurer prepared the first draft of Form 990 and forwarded this draft to the Executive Board members for review and comment. The reviewed draft was sent by the Board Chair to all Trustees, Officers, local Board Chairs and local Board Treasurers seeking their critical review to confirm or provide commentary on the 990's accuracy, based on their personal knowledge of the Foundation's operations at both local and state-wide levels. Once any comments, feedfback and questions were addressed to their satisfaction, the Executive Board finalized and filed the Form 990 with the IRS.

Form 990, Part VI, Section B, Line 12C

The Foundation and it's Trsutees generally do not contract for any services of products, but requires that any Officer or Trustee disclose conflicts of interest that could potentially arise if any such services are contracted.

Form 990, Part VI, Section C, Line 19

The Foundation's website makes it clear that these documents are available upon request and explains that requests may be made by email or letter to the Foundation's listed address.

Filing and Contact Details

Filer

Filer Name
Massb Foundation
EIN
26-1192752
Phone
4437561116
Address
80 West St Arundel County DPS, Annapolis, MD 21401

Signing Officer

Name
Joseph Poerio
Title
Treasurer
Phone
4437561116
Signed
2024-05-15

Organization Details

Principal Officer
Joseph Mark Poerio
Formed
2007
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
90
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Expenses incurred from organizational program expences.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0All donations are held in trust for dispurasement by trustees, who all serve as uncompensated volunteers, only for Maryland programs that are (1) directly related to assisting at-risk children, families and adults, ant (2) are not otherwise governmentally funded or provided.
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IRS990/Desc0During 2023 the organization administereds $57,402 in grants for Basic Needs programs in Allengany, Calvert, Caroline, Charles, Kent, Queen Annes and Washington counties. Grants covered expenses for food, clothing, prevention of homelessness, supplies and household essentials for vulnerable, low-income and homeless adults and children. More than 1,450 individuals were assisted via these programs.
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IRS990/MissionDesc0The MASSB Foundation provides financial support for social service programs that complement the efforts of Maryland based departments of social services by funding programs that: protect at-risk children or adults, that preserve families, mainly via emergency assistance (e.g. provide for heat or avoid eviction); job training/counselling; and, family support focused on child protection, family reunification, and parental/guardian education and support.
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IRS990/ProgSrvcAccomActy2Grp/Desc0During 2023 the organization administered $32,342 in grants for Growth and Opportunity programs for individuals in Allegany, Calvert, Caroline, Charles, Kent, Queen Annes and Washington Counties. Grants covered expenses for food, clothing, prevention of homelessness, supplies and household essentials for vulnerable, low-income and homeless adults and children. More than 1,450 individuals were assisted via these programs.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0121560
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01692543
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05730
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Allegany County Crab Feast Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05730
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05730
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt032077
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt032077
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032077
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032077
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026347
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0114022
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0See Form 990 Part III for descriptions & amounts.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0No non-cash assistance provided.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01987
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash Expended
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation uses a checks and balances system by which local boards submit withdrawl requests presenting detailed information about the intended use of the requested funds. The Foundation's Treasure reviews all requests to determine if they fall within guidelines approved by the Foundation's Trustees regarding withdrawls. Disbursements must be for either an expense that directly relates to child protection, the protection of vulnerable adults, or to family preservation for disadvantaged families within the State of Maryland. Where it is unclear whether a request qualifies under the written guidelines, the Treasurer consults with the Executive Board to determine whether a withdrawl request should be allowed.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Expenses incurred from organizational program expences.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(1) Kennith White 319 Main St. St. Laurel, MD 20707; (2) Chris Cummings, 13903 Ensign Road, Solomons, MD 20688; (3) Tony Wohlers 1105 Thebes Drive, Bel Air, MD 21015; and (4) Karen Lane, 12053 Steven Lane, Dunkirk, MD 20754.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 Review Process: The Foundation's Treasurer prepared the first draft of Form 990 and forwarded this draft to the Executive Board members for review and comment. The reviewed draft was sent by the Board Chair to all Trustees, Officers, local Board Chairs and local Board Treasurers seeking their critical review to confirm or provide commentary on the 990's accuracy, based on their personal knowledge of the Foundation's operations at both local and state-wide levels. Once any comments, feedfback and questions were addressed to their satisfaction, the Executive Board finalized and filed the Form 990 with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation and it's Trsutees generally do not contract for any services of products, but requires that any Officer or Trustee disclose conflicts of interest that could potentially arise if any such services are contracted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Foundation's website makes it clear that these documents are available upon request and explains that requests may be made by email or letter to the Foundation's listed address.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0576994
IRS990/TotalAssetsEOYAmt0669565
IRS990/TotalAssetsGrp/BOYAmt0576994
IRS990/TotalAssetsGrp/EOYAmt0669565
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0208048
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09487
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04359
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0118872
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132718
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0576994
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0669565
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt04850
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0118872
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017241
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0225289
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0576994
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0669565
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 Wentworth Street
IRS990/USAddress/CityNm0Charleston
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.massbfoundation.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01

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