Civic Intelligence

Purple Tie Foundation Inc.

EIN 46-5053295 • 501(c)3 • Reisterstown, MD

Pub. 78 Eligible990-N Coverage

Profile

The purple tie foundation works to support community initiatives through strategic partnerships with local leaders in and around baltimore county with a special focus on career and workforce development, nutritional wellness, and mental health.

1810 Shawan Valley LaneReisterstown, MD 21136

www.baltimorecountytogether.org/ABOUT-PURPLE-TIE

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

27th percentile

-14%

Higher net margin than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

21st percentile

-45%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

100th percentile

43807%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$3,338

Down $2,778 (-45%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$3,338

Down $2,778 (-45%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin27th percentile

Revenue

Up

$19,319

Up $19,275 (+43807%) from 2021

Expenses

Up

$22,097

Up $19,077 (+632%) from 2021

Net Income

Up

-$2,778

Up $198 (+6.7%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10K$5.0K$0Assets 2020: $9,092Liabilities 2020: $0Net Assets 2020: $9,0922020Assets 2021: $6,116Liabilities 2021: $0Net Assets 2021: $6,1162021Assets 2022: $3,338Liabilities 2022: $0Net Assets 2022: $3,3382022

Highlighted filing

2022

Assets$3,338
Liabilities$0
Net Assets$3,338
Open 2022 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2020: $206,802Expenses 2020: $198,866Net Income 2020: $7,9362020Revenue 2021: $44Expenses 2021: $3,020Net Income 2021: -$2,9762021Revenue 2022: $19,319Expenses 2022: $22,097Net Income 2022: -$2,7782022

Highlighted filing

2022

Revenue$19,319
Expenses$22,097
Net Income-$2,778
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,338
Liabilities
$0
Net assets
$3,338
Revenue
$19,319
Expenses
$22,097
Net income
-$2,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.19$0.22$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$2.07$1.99$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$19,319
Mission and Program Overview

Mission

The purple tie foundation works to support community initiatives through strategic partnerships with local leaders in and around baltimore county with a special focus on career and workforce development, nutritional wellness, and mental health.

Program Services

DescriptionGrantsExpenses
THE PURPLE TIE FOUNDATION WORKS TO SUPPORT COMMUNITY INITIATIVES THROUGH STRATEGIC PARTNERSHIPS WITH LOCAL LEADERS IN AND AROUND BALTIMORE COUNTY WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE DEVELOPMENT, NUTRITIONAL WELLNESS, AND MENTAL HEALTH.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL T BOJANOWSKIPresident-$0--
AIMEE MASONVice President-$0--
ALEJANDRA IVANOVICKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Purple Tie Foundation Inc
EIN
46-5053295
Phone
4436136777
Address
1810 SHAWAN VALLEY LANE, REISTERSTOWN, MD 21136

Signing Officer

Name
Michael T Bojanowski
Title
President
Phone
4436136777
Signed
2023-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Fitzpatrick Leary & Szarkollc
Address
1447 YORK ROAD STE 703, LUTHERVILLE, MD 21093
Preparer
Benjamin Sturtevant CPA
Phone
4103071400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: donation for website, design assets,and donation portal. Grantee name: forward tees foundation, inc.. Grantee address: 346 cascade lane palm beach shores, fl 33404. Property description: cash. Date of gift: 11/17/22. Amount given: 14,136.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: marketing. Amount: 7,555. Description: travel. Amount: 403. Description: bank fees. Amount: 3. Total to form 990-ez, line 16: 7,961.”

Raw XML Appendix143 raw XML fields

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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IRS990EZ/BooksInCareOfDetail/PhoneNum04434652950
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0REISTERSTOWN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt0THE PURPLE TIE FOUNDATION WORKS TO SUPPORT COMMUNITY INITIATIVES THROUGH STRATEGIC PARTNERSHIPS WITH LOCAL LEADERS IN AND AROUND BALTIMORE COUNTY WITH A SPECIAL FOCUS ON CAREER AND WORKFORCE DEVELOPMENT, NUTRITIONAL WELLNESS, AND MENTAL HEALTH.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/PublicOrganization170Ind0X
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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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: DONATION FOR WEBSITE, DESIGN ASSETS,AND DONATION PORTAL. GRANTEE NAME: FORWARD TEES FOUNDATION, INC.. GRANTEE ADDRESS: 346 CASCADE LANE PALM BEACH SHORES, FL 33404. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 11/17/22. AMOUNT GIVEN: 14,136.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MARKETING. AMOUNT: 7,555. DESCRIPTION: TRAVEL. AMOUNT: 403. DESCRIPTION: BANK FEES. AMOUNT: 3. TOTAL TO FORM 990-EZ, LINE 16: 7,961.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/ReturnTs02023-11-14T08:59:58-06:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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