Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
New Market Discovery Foundation Inc
EIN 85-1033452 • 501(c)3 • Baltimore, MD
Profile
Advance sustainable regional creative economics
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.05x
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
81st percentile
Higher net margin than 81% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 45.0% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Up$50,270
Up $40,080 (+393%) from 2022
Liabilities
Up$2,687
Up $1,022 (+61%) from 2022
Net Assets
Up$47,583
Up $39,058 (+458%) from 2022
Revenue
Up$130,000
Up $130,000 from 2022
Expenses
Up$90,942
Up $23,010 (+34%) from 2022
Net Income
Up$39,058
Up $106,990 (+157%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $50,270
- Liabilities
- $2,687
- Net assets
- $47,583
- Revenue
- $130,000
- Expenses
- $90,942
- Net income
- $39,058
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.50 | $0.03 | $0.48 | $1.30 | $0.91 | $0.39 |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.10 | $0.02 | $0.09 | $0.00 | $0.68 | $0.68 |
| 2021Detailed filing. Detailed filing data is available for this year. | $0.79 | $0.02 | $0.76 | $1.18 | $0.93 | $0.25 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Apr 6, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $130,000
Mission and Program Overview
Mission
Advance sustainable regional creative economics
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Support diverse underrepresented voices in creative economics and sisconnected markets. | - | $90,942 |
| DESCRIBED in SCHEDULE O | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MERYAM BOUADJEMI | President | PT | $58,500 | - | $58,500 |
| FAGAN HARRIS | Secretary | - | $0 | - | - |
| JENNIFER GOYNE BLAKE | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- New Market Discovery Foundation Inc
- EIN
- 85-1033452
- Phone
- 4438893794
- Address
- 3701 CLAREMONT STREET, BALTIMORE, MD 21224
Signing Officer
- Name
- Meryam Boaudjemi
- Title
- President
- Phone
- 4438893794
- Signed
- 2024-04-06
- Discuss with paid preparer
- No
Preparer
- Firm
- Aros Consulting LLC
- Address
- PO BOX 1978, ELLICOTT CITY, MD 21041
- Preparer
- Jameen Adams
- Phone
- 4432886054
Supplemental Narrative
Additional Explanations
Form 990-ez, Part III
“Purpose: 1. To advance sustainable regional creative economics 2. To support divrse and underrepresented voices in creative economics and disconnected markets. 3. Engage in any other activities whach are not inconsistent with section 5021(c)(3) of the IRS Code and applicable State Law.”
Form 990-ez, Part III, Line 31
“NMD Purpose Purpose: 1. To advance sustainable regional creative economics 2. To support diverse and underrepresented voices in creative economics and disconnected markets. 3. Engage in any other activities which are not inconsistent with section 5021(c)(3) of the IRS Code and applicable State Law.”
Part I, line 16
“Description: ADVERTISING AND MARKETING Amount: 608”
Part I, line 16
“Description: COMPUTER RELATED EXPENSES Amount: 948”
Part I, line 16
“Description: BANK CHARGES Amount: 42”
Part I, line 16
“Description: DUES AND SUBSCRIPTION Amount: 4274”
Part I, line 16
“Description: MEALS Amount: 2041”
Part I, line 16
“Description: OFFICE SUPPLIES Amount: 380”
Part I, line 16
“Description: TRAVEL Amount: 6106”
Part I, line 16
“Description: PAYROLL TAXES Amount: 4475”
Part I, line 16
“Description: INSURANCE Amount: 1793”
Part II, line 26
“Description: FEDERAL TAXES PAYABLE BOY Amount: 672 EOY Amount: 1220”
Part II, line 26
“Description: MD INCOME TAX PAYABLE BOY Amount: 668 EOY Amount: 1142”
Part II, line 26
“Description: MD UNEMPLOYMENT TAX PAYABLE BOY Amount: 325 EOY Amount: 325”
Raw XML Appendix150 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/USAddress/CityNm | 0 | BALTIMORE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 50270 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 130000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 39058 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 11775 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
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| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 10190 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 50270 |
| IRS990EZ/GrossReceiptsAmt | 0 | 130000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MERYAM BOUADJEMI |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JENNIFER GOYNE BLAKE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 20667 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | ADVANCE SUSTAINABLE REGIONAL CREATIVE ECONOMICS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Support diverse underrepresented voices in creative economics and sisconnected markets. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | DESCRIBED in SCHEDULE O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 90942 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 58500 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1665 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2687 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 90942 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 90942 |
| IRS990EZ/TotalRevenueAmt | 0 | 130000 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 130000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 117500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 52428 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 299928 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 299928 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 130000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 117500 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 52428 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 299928 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 130000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 117500 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 52428 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 299928 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Purpose: 1. To advance sustainable regional creative economics 2. To support divrse and underrepresented voices in creative economics and disconnected markets. 3. Engage in any other activities whach are not inconsistent with section 5021(c)(3) of the IRS Code and applicable State Law. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NMD Purpose Purpose: 1. To advance sustainable regional creative economics 2. To support diverse and underrepresented voices in creative economics and disconnected markets. 3. Engage in any other activities which are not inconsistent with section 5021(c)(3) of the IRS Code and applicable State Law. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: ADVERTISING AND MARKETING Amount: 608 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: COMPUTER RELATED EXPENSES Amount: 948 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Description: BANK CHARGES Amount: 42 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Description: DUES AND SUBSCRIPTION Amount: 4274 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Description: MEALS Amount: 2041 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Description: OFFICE SUPPLIES Amount: 380 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Description: TRAVEL Amount: 6106 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Description: PAYROLL TAXES Amount: 4475 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Description: INSURANCE Amount: 1793 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Description: FEDERAL TAXES PAYABLE BOY Amount: 672 EOY Amount: 1220 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Description: MD INCOME TAX PAYABLE BOY Amount: 668 EOY Amount: 1142 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Description: MD UNEMPLOYMENT TAX PAYABLE BOY Amount: 325 EOY Amount: 325 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III, LINE 31 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part II, line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Part II, line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Part II, line 26 |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MERYAM BOAUDJEMI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4438893794 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-04-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | NEW MARKET DISCOVERY FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NEWM |
| ReturnHeader/Filer/EIN | 0 | 851033452 |
| ReturnHeader/Filer/PhoneNum | 0 | 4438893794 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3701 CLAREMONT STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BALTIMORE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 21224 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 451579393 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AROS CONSULTING LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 1978 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ELLICOTT CITY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21041 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4432886054 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-04-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMEEN ADAMS |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-11-02T14:41:20-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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