Civic Intelligence

Transform MID-Atlantic Inc.

990 • Fiscal year 2023 • EIN 26-4076820

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 08, 2024

401 Rosemont AveFrederick, MD 21701-8524

(301) 696-3280

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.36x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$159,812

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

56th percentile

6.9%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-4.9%

Faster revenue growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,618,102

Up $104,260 (+6.9%) from 2022

Net Assets

Up

$1,363,167

Up $112,329 (+9.0%) from 2022

Liabilities

Down

$254,935

Down $8,069 (-3.1%) from 2022

Revenue

Down

$716,536

Down $37,291 (-4.9%) from 2022

Expenses

Up

$614,129

Up $70,090 (+13%) from 2022

Net Income

Down

$102,407

Down $107,381 (-51%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $1,482,703Liabilities 2021: $293,032Net Assets 2021: $1,189,6712021Assets 2022: $1,513,842Liabilities 2022: $263,004Net Assets 2022: $1,250,8382022Assets 2023: $1,618,102Liabilities 2023: $254,935Net Assets 2023: $1,363,1672023Assets 2024: $1,717,035Liabilities 2024: $255,298Net Assets 2024: $1,461,7372024

Highlighted filing

2023

Assets$1,618,102
Liabilities$254,935
Net Assets$1,363,167

Operations Trend

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

$1.0M$500K$0Revenue 2021: $583,928Expenses 2021: $509,903Net Income 2021: $74,0252021Revenue 2022: $753,827Expenses 2022: $544,039Net Income 2022: $209,7882022Revenue 2023: $716,536Expenses 2023: $614,129Net Income 2023: $102,4072023Revenue 2024: $814,364Expenses 2024: $755,857Net Income 2024: $58,5072024

Highlighted filing

2023

Revenue$716,536
Expenses$614,129
Net Income$102,407
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 8, 2024
Return Version
2022v5.0
Gross Receipts
$716,536
Mission and Program Overview

Mission

Transform Mid-Atlantic mobilizes the collective commitment of and capacity of higher education to actively advance our communities through civic and community engagement throughout the Maryland, DC and Delaware region. TMA serves its member institutions through networking, grants, resources and programs with the goal of developing deeper campus-community partnerships which improve community life.

Transform Mid-Atlantic provides regional leadership in advocating, supporting and increasing student involvement in academic and curricular-based community service and building capacity of local non-profits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$795,987$855,467▲ $59,480
Cash and Non-Interest-Bearing Accounts$605,371$607,617▲ $2,246
Pledges and Grants Receivable$111,643$155,018▲ $43,375
Prepaid Expenses and Deferred Charges$841--
Total Assets$1,513,842$1,618,102▲ $104,260
Liabilities
Deferred Revenue$214,292$193,027▼ $21,265
Accounts Payable and Accrued Expenses$48,712$61,908▲ $13,196
Total Liabilities$263,004$254,935▼ $8,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,150,838$1,263,167▲ $112,329
Net Assets With Donor Restrictions$100,000$100,000→ $0
Total Net Assets Fund Balance$1,250,838$1,363,167▲ $112,329
Total Liabilities and Net Assets / Fund Balance$1,513,842$1,618,102▲ $104,260
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ms Madeline YatesExecutive DirectorFT$123,455$36,357$159,812
Madeline YatesExecutive Director-$123,455$36,357$159,812

Board Members and Trustees

NameTitle
Dr Cynthia BambaraPresident, Alleghany College of Maryland
Dr Debra McCurdyPresident, Baltimore City Community College
Dr Yolanda WilsonPresident, College of Southern Maryland
Dr Thomas StriplinPresident, Eastern WV Community & Technical College
Dr Ronald NowaczykPresident, Frostburg State University
Dr Colleen Perry KeithPresident, Goldey-Beacom College
Dr Heidi AndersonPresident, University of Maryland Eastern Shore
Dr Michael SosulskiPresident, Washington College
Revenue and Support

Revenue Composition

Contributions and Grants
$176,210
Program Service Revenue
$490,768
Investment Income
$49,558
Other Revenue
$0
All Other Contributions
$119,741
Change in Net Assets
$102,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$457,556
Other Expenses$147,088
Grants and Similar Amounts Paid$9,485
Total Fundraising Expense$4,130
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,309$71,366-$224,675
Current Officers, Directors, Trustees, and Key Employees$92,590$27,160$3,705$123,455
Fees for Services Management$51,137$14,911-$66,048
Other Employee Benefits$34,073$15,861-$49,934
Payroll Taxes$21,186$9,863-$31,049
Pension Plan Contributions$19,408$9,035-$28,443
Office Expenses-$26,996-$26,996
Conferences and Meetings$12,472--$12,472
Fees for Services Accounting-$11,995-$11,995
Information Technology$10,852--$10,852
Grants to Domestic Orgs$9,485--$9,485
Travel$7,032-$425$7,457
Fees for Service Investment Mgmnt Fees-$6,138-$6,138
Insurance-$3,378-$3,378
Fees for Services Legal-$872-$872
Other Expenses-$460-$460
Fees for Services Other$315$105-$420
Total Functional Expenses$411,859$198,140$4,130$614,129
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Annual disclosure for covered persons
Yes
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
Yes
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

Part VI, Line 11B

The Form 990 is presented to the Board for their review prior to filing with the IRS. The Transform Mid-Atlantic (TMA) Board reviews the report annually as part of their fiscal review process.

Part VI, Line 12C

Officers, directors, and key employees are required to complete an annual Conflict of Interest Questionnaire. The completed documents are reviewed by administrative personnel.

Part VI, Line 15A

The Board charged a special committee with development of the initial TMA financial budget, which included benchmarking and the Executive Director's salary and benefit package. The committee contacted the Maryland Association of Non-Profit Organizations, the Maryland State Department of Education, the Governor's Office on Services and Volunteerism, the State of Maryland Human Relations Office, the National Association of Non-Profit Organizations, the National Campus Compact, and several other state Campus Compact organizations to obtain comparison information in order to develop salary and benefits benchmarks for the Executive Director position. Other employees of the organization have had their salaries and benefit package set by the Executive Director after extensive due diligence and benchmarking, including the counsel of the HR department at TMA's hosting institutions, an HR consultant, and the Maryland Association of Non-Profit Organization's annual non-profit salary survey data.

Part VI, Line 19

The organization's Vision Statement, Mission Statement and Core Values are posted on its website (www.transformmidatlantic.org). A summary financial statement is available to the public through a website link to the most recently published annual report. The organization's Conflict of Interest Policy and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Transform Mid-atlantic Inc
EIN
26-4076820
Phone
3016963280
Address
401 ROSEMONT AVE, FREDERICK, MD 21701-8524

Signing Officer

Name
Madeline Yates
Title
Executive Director
Phone
3016963280
Signed
2024-03-08

Organization Details

Formed
2008
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
120
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President, Baltimore City Community College
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IRS990/Form990PartVIISectionAGrp/TitleTxt7President, Washington College
IRS990/Form990PartVIISectionAGrp/TitleTxt8Executive Director
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IRS990/ProgSrvcAccomActy2Grp/Desc0BUILDING CAMPUS COMMUNITY PARTNERSHIPS to ADDRESS POVERTY and EQUITY: TMA provides 30-35 full time AmeriCorps VISTA sub-grants (valued at over $2,200,000) to member institutions and non-profit organizations in the Mid-Atlantic region. Through this grant, TMA develops and expands anti-poverty partnerships between higher education institutions together with community-based organizations, non-profits, local schools, and/or school systems. The full-time program coordinators start and deepen community development partnerships. TMAs annual survey data estimates that member institutions students contribute more than $600,000,000 in services to the region annually. Projects include college access & completion, food security, workforce development, mentoring, financial literacy, veterans initiatives, etc. Through its Equity Taskforce, Equity Conversation Series, Institutes, and other events, TMA works with campuses to develop action plans that institutionalize justice, equity, diversity, and inclusion across civic and community engagement initiatives. TMA advises senior leaders and partners on how to use these programs and partnerships to measure and demonstrate the fulfillment of campus missions and strategic priorities vis--vis accreditation through MSCHE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING RESOURCES, RECOGNITION, VISIBILITY, and NATIONAL PARTNERSHIPS: TMA annually awards up to $50,000 in grants to individuals and partnerships within its membership including: Faculty Development Mini-Grants, MLK Day of Service Grants funded by AmeriCorps, and Eastern Region Campus Consortium Mini-Grants. These funding opportunities are used by a diverse array of community-engaged practitioners, faculty, and other stakeholders to create innovative new programs, community-based courses, and collaborative intercampus partnerships. Annually, TMA honors the inspiring contributions and work of an outstanding group of faculty, administrators, students, and partnerships within its membership through the TMA Awards Program. Since 2009, hundreds of community-engaged individuals and leaders impact across the region have been recognized! Through partnerships with national and regional organizations including The Partnership Alliance, the Coalition for Service-Learning, The Facing Project, Fulbright, Carnegie, MSCHE, and others TMA offers a bevy of additional funding and resource-based offerings to its members, as well as opportunities to highlight and share the powerful impact of civic and community engagement programs through advocacy and storytelling projects.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Madeline Yates
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is presented to the Board for their review prior to filing with the IRS. The Transform Mid-Atlantic (TMA) Board reviews the report annually as part of their fiscal review process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers, directors, and key employees are required to complete an annual Conflict of Interest Questionnaire. The completed documents are reviewed by administrative personnel.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board charged a special committee with development of the initial TMA financial budget, which included benchmarking and the Executive Director's salary and benefit package. The committee contacted the Maryland Association of Non-Profit Organizations, the Maryland State Department of Education, the Governor's Office on Services and Volunteerism, the State of Maryland Human Relations Office, the National Association of Non-Profit Organizations, the National Campus Compact, and several other state Campus Compact organizations to obtain comparison information in order to develop salary and benefits benchmarks for the Executive Director position. Other employees of the organization have had their salaries and benefit package set by the Executive Director after extensive due diligence and benchmarking, including the counsel of the HR department at TMA's hosting institutions, an HR consultant, and the Maryland Association of Non-Profit Organization's annual non-profit salary survey data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's Vision Statement, Mission Statement and Core Values are posted on its website (www.transformmidatlantic.org). A summary financial statement is available to the public through a website link to the most recently published annual report. The organization's Conflict of Interest Policy and governing documents are available upon request.
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