Civic Intelligence

Visit Baltimore Education & Training Foundation Inc.

990EZ • Fiscal year 2024 • EIN 47-1753100

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 14, 2024

400 E Pratt Street Floor 10th FloBaltimore, MD 21202

(410) 659-8783

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.79x

Higher debt load relative to revenue than 94% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-41%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

61st percentile

8.5%

Faster asset growth than 61% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-55%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$120,434

Up $9,460 (+8.5%) from 2023

Net Assets

Down

$100,487

Down $10,487 (-9.4%) from 2023

Liabilities

Up

$19,947

Up $19,947 from 2023

Revenue

Down

$25,295

Down $31,043 (-55%) from 2023

Expenses

Down

$35,782

Down $2,641 (-6.9%) from 2023

Net Income

Down

-$10,487

Down $28,402 (-159%) from 2023

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $71,772Liabilities 2017: $2,546Net Assets 2017: $69,2262017Assets 2018: $109,078Liabilities 2018: $5,298Net Assets 2018: $103,7802018Assets 2019: $88,416Liabilities 2019: $12,941Net Assets 2019: $75,4752019Assets 2020: $80,230Liabilities 2020: $17,141Net Assets 2020: $63,0892020Assets 2023: $110,974Liabilities 2023: $0Net Assets 2023: $110,9742023Assets 2024: $120,434Liabilities 2024: $19,947Net Assets 2024: $100,4872024Assets 2025: $99,344Liabilities 2025: $1,110Net Assets 2025: $98,2342025

Highlighted filing

2024

Assets$120,434
Liabilities$19,947
Net Assets$100,487

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $57,507Expenses 2017: $52,626Net Income 2017: $4,8812017Revenue 2018: $67,729Expenses 2018: $28,236Net Income 2018: $39,4932018Revenue 2019: $24,935Expenses 2019: $53,240Net Income 2019: -$28,3052019Revenue 2020: $37,994Expenses 2020: $50,380Net Income 2020: -$12,3862020Revenue 2023: $56,338Expenses 2023: $38,423Net Income 2023: $17,9152023Revenue 2024: $25,295Expenses 2024: $35,782Net Income 2024: -$10,4872024Revenue 2025: $32,020Expenses 2025: $34,273Net Income 2025: -$2,2532025

Highlighted filing

2024

Revenue$25,295
Expenses$35,782
Net Income-$10,487
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 14, 2024
Return Version
2023v5.1
Gross Receipts
$25,295
Mission and Program Overview

Mission

Visit baltimore education and training foundation, inc. Is a foundation created to manage charitable contributions for visit baltimore, inc., a related organization. Visit baltimore, inc.'s mission is to promote the city of baltimore and the surrounding area as locations for conventions, tourism, and civic events. The foundation and organization operate under the same governing body and share a common purpose.

The foundation is formed to help promote education & training in relation to tourism in the city of baltimore. This is achieved by investing in the next generation of hospitality workers, providing grants for professional development, funding initiatives that increase accessibility, offering apprenticeships and promoting careers in tourism.

Program Services

DescriptionGrantsExpenses
28 THE ORGANIZATION WAS FOUNDED TO HELP GROW AND STRENGTHEN BALTIMORE'S TOURISM, COMMUNITY AND WORKFORCE. WE REALIZED OUR MISSION THROUGH THE DELIVERY OF SCHOLARSHIPS, GRANTS, AND INNOVATIVE PROGRAMS AND ALLIANCES, EACH DESIGNED TO ASSIST AND ENCOURAGE INDIVIDUAL RESIDENTS IN STARTING AND/OR BUILDING A CAREER, STRENGTHEN THE CAPACITY OF LOCAL NONPROFIT AND HERITAGE ORGANIZATIONS TO BETTER ATTRACT AND SERVE VISITORS, AND CONTRIBUTE TO AN INCREASINGLY VIBRANT TOURISM INDUSTRY.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ADENIKE AKINTILOBoard Member-$0--
STACEY WHITFIELDBoard Member-$0--
GREGORY BROWNBoard Member-$0--
MAC CAMPBELLBoard Member-$0--
JOYA DORTCHBoard Member-$0--
WANDA DRAPERBoard Member-$0--
DR JULIANE RIGGBoard Member-$0--
LATOYA STATENBoard Member-$0--
CHARLES G TILDON IIIBoard Member-$0--
STACEY ULRICHBoard Member-$0--
MAGGIE VILLEGASBoard Member-$0--
MICHAEL BARRETTBoard Chair-$0--
Filing and Contact Details

Filer

Filer Name
Visit Baltimore Education and Training
EIN
47-1753100
Phone
4106598783
Address
400 E PRATT STREET FLOOR 10TH FLO, BALTIMORE, MD 21202

Signing Officer

Name
Craig D Walters-vay
Title
Chief Financial Officer
Phone
4106597034
Signed
2024-10-14
Discuss with paid preparer
Yes

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
Preparer
Kevin L Connelly
Phone
4106855512
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 20.

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

Description: transportation. Amount: 149. Description: training courses. Amount: 27,500. Description: bank fees. Amount: 15. Description: registration. Amount: 1,500. Description: miscellaneous. Amount: 342. Description: management fee. Amount: 1,812. Description: other fees. Amount: 834. Total to form 990-ez, line 16: 32,152.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 45,000. End of year amount: 0. Description: prepaid expense. Beg. Of year amount: 15,000. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to affiliate. Beg. Of year amount: 0. End of year amount: 19,947.

Raw XML Appendix217 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/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt032152
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE FOUNDATION IS FORMED TO HELP PROMOTE EDUCATION & TRAINING IN RELATION TO TOURISM IN THE CITY OF BALTIMORE. THIS IS ACHIEVED BY INVESTING IN THE NEXT GENERATION OF HOSPITALITY WORKERS, PROVIDING GRANTS FOR PROFESSIONAL DEVELOPMENT, FUNDING INITIATIVES THAT INCREASE ACCESSIBILITY, OFFERING APPRENTICESHIPS AND PROMOTING CAREERS IN TOURISM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt028 THE ORGANIZATION WAS FOUNDED TO HELP GROW AND STRENGTHEN BALTIMORE'S TOURISM, COMMUNITY AND WORKFORCE. WE REALIZED OUR MISSION THROUGH THE DELIVERY OF SCHOLARSHIPS, GRANTS, AND INNOVATIVE PROGRAMS AND ALLIANCES, EACH DESIGNED TO ASSIST AND ENCOURAGE INDIVIDUAL RESIDENTS IN STARTING AND/OR BUILDING A CAREER, STRENGTHEN THE CAPACITY OF LOCAL NONPROFIT AND HERITAGE ORGANIZATIONS TO BETTER ATTRACT AND SERVE VISITORS, AND CONTRIBUTE TO AN INCREASINGLY VIBRANT TOURISM INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/WebsiteAddressTxt0WWW.BALTIMORE.ORG/FOUNDATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 20.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TRANSPORTATION. AMOUNT: 149. DESCRIPTION: TRAINING COURSES. AMOUNT: 27,500. DESCRIPTION: BANK FEES. AMOUNT: 15. DESCRIPTION: REGISTRATION. AMOUNT: 1,500. DESCRIPTION: MISCELLANEOUS. AMOUNT: 342. DESCRIPTION: MANAGEMENT FEE. AMOUNT: 1,812. DESCRIPTION: OTHER FEES. AMOUNT: 834. TOTAL TO FORM 990-EZ, LINE 16: 32,152.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 45,000. END OF YEAR AMOUNT: 0. DESCRIPTION: PREPAID EXPENSE. BEG. OF YEAR AMOUNT: 15,000. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 19,947.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG D WALTERS-VAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum04106597034
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISIT BALTIMORE EDUCATION AND TRAINING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0VISI
ReturnHeader/Filer/EIN0471753100
ReturnHeader/Filer/PhoneNum04106598783
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 E PRATT STREET FLOOR 10TH FLO
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021202
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0520982413
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GROSS MENDELSOHN & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01801 PORTER STREET SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALTIMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021230
ReturnHeader/PreparerPersonGrp/PhoneNum04106855512
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN L CONNELLY
ReturnHeader/ReturnTs02024-10-14T16:48:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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