Civic Intelligence

First Maryland Disability Trust Inc.

990 • Fiscal year 2014 • EIN 56-2519036

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 13, 2015

1400 Front AvenueLutherville, MD 21093

(410) 296-4408

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

95th percentile

$64,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

80th percentile

35%

Faster asset growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

79th percentile

32%

Faster revenue growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$122,852

Up $32,175 (+35%) from 2013

Net Assets

Up

$114,526

Up $29,237 (+34%) from 2013

Liabilities

Up

$8,326

Up $2,938 (+55%) from 2013

Revenue

Up

$289,879

Up $70,743 (+32%) from 2013

Expenses

Up

$260,642

Up $73,757 (+39%) from 2013

Net Income

Down

$29,237

Down $3,014 (-9.3%) from 2013

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $49,667Liabilities 2011: $3,949Net Assets 2011: $45,7182011Assets 2012: $58,029Liabilities 2012: $4,991Net Assets 2012: $53,0382012Assets 2013: $90,677Liabilities 2013: $5,388Net Assets 2013: $85,2892013Assets 2014: $122,852Liabilities 2014: $8,326Net Assets 2014: $114,5262014Assets 2015: $161,906Liabilities 2015: $10,022Net Assets 2015: $151,8842015Assets 2016: $262,755Liabilities 2016: $19,176Net Assets 2016: $243,5792016Assets 2017: $1,001,628Liabilities 2017: $501,367Net Assets 2017: $500,2612017Assets 2018: $1,122,079Liabilities 2018: $282,019Net Assets 2018: $840,0602018Assets 2019: $2,682,047Liabilities 2019: $478,852Net Assets 2019: $2,203,1952019Assets 2020: $4,042,362Liabilities 2020: $822,287Net Assets 2020: $3,220,0752020Assets 2021: $5,995,096Liabilities 2021: $1,474,661Net Assets 2021: $4,520,4352021Assets 2022: $5,685,763Liabilities 2022: $1,434,185Net Assets 2022: $4,251,5782022Assets 2023: $8,104,812Liabilities 2023: $2,184,920Net Assets 2023: $5,919,8922023Assets 2024: $9,505,443Liabilities 2024: $2,242,463Net Assets 2024: $7,262,9802024

Highlighted filing

2014

Assets$122,852
Liabilities$8,326
Net Assets$114,526

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $101,744Expenses 2011: $89,541Net Income 2011: $12,2032011Revenue 2012: $150,085Expenses 2012: $142,765Net Income 2012: $7,3202012Revenue 2013: $219,136Expenses 2013: $186,885Net Income 2013: $32,2512013Revenue 2014: $289,879Expenses 2014: $260,642Net Income 2014: $29,2372014Revenue 2015: $396,100Expenses 2015: $358,742Net Income 2015: $37,3582015Revenue 2016: $538,197Expenses 2016: $446,502Net Income 2016: $91,6952016Revenue 2017: $757,133Expenses 2017: $509,941Net Income 2017: $247,1922017Revenue 2018: $950,000Expenses 2018: $584,289Net Income 2018: $365,7112018Revenue 2019: $2,025,807Expenses 2019: $738,588Net Income 2019: $1,287,2192019Revenue 2020: $1,824,993Expenses 2020: $933,617Net Income 2020: $891,3762020Revenue 2021: $2,212,520Expenses 2021: $1,168,287Net Income 2021: $1,044,2332021Revenue 2022: $1,782,285Expenses 2022: $1,568,452Net Income 2022: $213,8332022Revenue 2023: $3,042,436Expenses 2023: $1,835,278Net Income 2023: $1,207,1582023Revenue 2024: $2,980,219Expenses 2024: $2,124,517Net Income 2024: $855,7022024

Highlighted filing

2014

Revenue$289,879
Expenses$260,642
Net Income$29,237
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$314,484
Mission and Program Overview

Mission

To enhance the quality of life, autonomy and dignity of Marylanders with disabilities by offering cost effective trust services to protect, manage and use trust assets for our beneficiaries while preserving their eligibility for public and private benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$50,197$73,966▲ $23,769
Accounts Receivable$12,682$18,760▲ $6,078
Land, Buildings, and Equipment, Net$20,182$15,384▼ $4,798
Cash and Non-Interest-Bearing Accounts$7,616$8,990▲ $1,374
Prepaid Expenses and Deferred Charges-$5,752-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$90,677$122,852▲ $32,175
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$5,388$8,326▲ $2,938
Total Liabilities$5,388$8,326▲ $2,938
Net Assets / Fund Balance
Unrestricted Net Assets$85,289$114,526▲ $29,237
Total Net Assets Fund Balance$85,289$114,526▲ $29,237
Total Liabilities and Net Assets / Fund Balance$90,677$122,852▲ $32,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,384$27,110$42,494
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise FikeExecutive DirectorFT$64,000$64,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$31,456
Program Service Revenue
$254,266
Investment Income
$4,157
Other Revenue
$0
All Other Contributions
$31,456
Change in Net Assets
$29,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,691
Other Expenses$107,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,376$29,582-$75,958
Current Officers, Directors, Trustees, and Key Employees$32,000$32,000-$64,000
Insurance$327$10,887-$11,214
Occupancy$6,196$4,869-$11,065
Payroll Taxes$6,073$4,772-$10,845
Information Technology$5,863$4,606-$10,469
Depreciation Depletion$5,477$4,304-$9,781
Office Expenses$5,298$3,880-$9,178
Travel$3,368$3,927-$7,295
Fees for Services Accounting-$7,042-$7,042
Conferences and Meetings$1,137$4,214-$5,351
All Other Expenses$2,879$1,296-$4,175
Fees for Services Other$3,310--$3,310
Other Expenses$1,032$2,127-$3,159
Fees for Services Legal$1,852$360-$2,212
Other Employee Benefits$1,888--$1,888
Fees for Service Investment Mgmnt Fees-$241-$241
Total Functional Expenses$142,213$118,429$0$260,642
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorRent expenseNo$10,800

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Line 4: Description of Significant Changes to Organizational Documents

The organization revised its bylaws.

Form 990, Part VI, Line 11B: Form 990 Review Process

The finance committee will review the 990 prior to its filing and the board of directors will receive a copy of the 990 after it has been filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of governing documents and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
First Maryland Disability Trust Inc
EIN
56-2519036
Phone
4102964408
Address
1400 Front Avenue, Lutherville, MD 21093

Signing Officer

Name
Denise Fike
Title
Executive Director
Signed
2015-08-13
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
12
Employees
6

Preparer

Firm
Neuman & Associates LLC
Address
575 S Charles St Ste 402, Baltimore, MD 21201-2484
Preparer
Benjamin J Dubin
Phone
4106596200
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IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027110
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020182
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015384
IRS990/LandBldgEquipCostOrOtherBssAmt042494
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt024605
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To enhance the quality of life, autonomy and dignity of Marylanders with disabilities by offering cost effective trust services to protect, manage and use trust assets for our beneficiaries while preserving their eligibility for public and private benefits.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt085289
IRS990/NetAssetsOrFundBalancesEOYAmt0114526
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02592
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02592
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04869
IRS990/OccupancyGrp/ProgramServicesAmt06196
IRS990/OccupancyGrp/TotalAmt011065
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03880
IRS990/OfficeExpensesGrp/ProgramServicesAmt05298
IRS990/OfficeExpensesGrp/TotalAmt09178
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01888
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01888
IRS990/OtherExpensesGrp/Desc0Marketing
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02949
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11373
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22127
IRS990/OtherExpensesGrp/ProgramServicesAmt014333
IRS990/OtherExpensesGrp/ProgramServicesAmt12949
IRS990/OtherExpensesGrp/ProgramServicesAmt21855
IRS990/OtherExpensesGrp/ProgramServicesAmt31032
IRS990/OtherExpensesGrp/TotalAmt014333
IRS990/OtherExpensesGrp/TotalAmt15898
IRS990/OtherExpensesGrp/TotalAmt23228
IRS990/OtherExpensesGrp/TotalAmt33159
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029582
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046376
IRS990/OtherSalariesAndWagesGrp/TotalAmt075958
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04772
IRS990/PayrollTaxesGrp/ProgramServicesAmt06073
IRS990/PayrollTaxesGrp/TotalAmt010845
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05752
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Closing Fee
IRS990/ProgramServiceRevenueGrp/Desc1Joinder Fee
IRS990/ProgramServiceRevenueGrp/Desc2Trustee Fee
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08731
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2175185
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2175185
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt026694
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01676
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt062482
IRS990/PYProgramServiceRevenueAmt0190766
IRS990/PYRevenuesLessExpensesAmt032251
IRS990/PYSalariesCompEmpBnftPaidAmt0124403
IRS990/PYTotalExpensesAmt0186885
IRS990/PYTotalRevenueAmt0219136
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt029237
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt027098
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt021202
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt028177
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt012276
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt089353
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031456
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt026694
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033287
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt018129
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0110166
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04142
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01676
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0254266
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0190766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0116664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt083615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt046557
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0691868
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04142
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01676
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05952
IRS990ScheduleA/InvestmentIncomeCYPct00.00740
IRS990ScheduleA/InvestmentIncomePYPct00.00350
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86910
IRS990ScheduleA/PublicSupportPY509Pct00.87480
IRS990ScheduleA/PublicSupportTotal509Amt0702183
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt036784
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt021687

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.51$2.24$7.26$2.98$2.12$0.86
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.10$2.18$5.92$3.04$1.84$1.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.69$1.43$4.25$1.78$1.57$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$1.47$4.52$2.21$1.17$1.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$0.82$3.22$1.82$0.93$0.89
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.48$2.20$2.03$0.74$1.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.28$0.84$0.95$0.58$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.50$0.50$0.76$0.51$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.02$0.24$0.54$0.45$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.01$0.15$0.40$0.36$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$0.29$0.26$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.09$0.22$0.19$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.05$0.15$0.14$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.10$0.09$0.01