Civic Intelligence

Develop More Foundation Inc.

EIN 93-4074827 • 501(c)3 • Parkville, MD

Pub. 78 EligibleNTEE O50

Profile

DevelopMore empowers young men by providing meaningful summer employment and transformational experiences. We provide young men with the skills to address immediate economic needs while nurturing personal growth and development.

1451 Dartmouth AveParkville, MD 21234

www.developmore.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

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

NTEE O50 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

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

NTEE O50 • <$500k nonprofits • Source year 2024

Net Margin

77th percentile

31%

Higher net margin than 77% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$88,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

NTEE O50 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$137,460

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$137,460

No earlier filing loaded for comparison.

Revenue

$427,790

No earlier filing loaded for comparison.

Expenses

$293,829

No earlier filing loaded for comparison.

Net Income

$133,961

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2024: $137,460Liabilities 2024: $0Net Assets 2024: $137,4602024

Highlighted filing

2024

Assets$137,460
Liabilities$0
Net Assets$137,460

Operations Trend

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

$600K$400K$200K$0Revenue 2024: $427,790Expenses 2024: $293,829Net Income 2024: $133,9612024

Highlighted filing

2024

Revenue$427,790
Expenses$293,829
Net Income$133,961

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$4.28$2.94$1.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 18, 2025
Return Version
2024v5.0
Gross Receipts
$427,790
Mission and Program Overview

Mission

DevelopMore empowers young men by providing meaningful summer employment and transformational experiences. We provide young men with the skills to address immediate economic needs while nurturing personal growth and development.

DevelopMore empowers young men by providing meaningful summer employment and transformational experiences We equip young men with the skills to address immediate economic needs while nurturing personal growth and development

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds-$133,960-
Savings and Temporary Cash Investments-$78,010-
Cash and Non-Interest-Bearing Accounts-$59,450-
Rtn Earn Endowment Incm Other Fnds-$3,500-
Total Assets$0$137,460▲ $137,460
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$137,460▲ $137,460
Total Liabilities and Net Assets / Fund Balance$0$137,460▲ $137,460
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brandon JulotExecutive DirectorFT$88,000$88,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$427,790
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$133,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,971
Salaries, Compensation, and Employee Benefits$106,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$162,000-$162,000
Current Officers, Directors, Trustees, and Key Employees-$99,234-$99,234
Payroll Taxes-$7,526-$7,526
Advertising-$6,543-$6,543
Office Expenses-$2,908-$2,908
Other Expenses$2,592--$2,592
Insurance-$1,350-$1,350
Travel$1,227--$1,227
Other Salaries and Wages-$98-$98
Interest-$-10-$-10
Total Functional Expenses$14,180$279,649$0$293,829
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

Executive director reviewed form 990 before it was filed through interview

Part VI Line 11B

With the tax preparer and by signing in agreement before filing

Part VI Line 15A or B

Comparability data was used

Part VI Line 19

Made available to the public on the md secretary of state's website

Filing and Contact Details

Filer

Filer Name
Develop More Foundation Inc
EIN
93-4074827
In Care Of
% BRANDON JULOT
Phone
4434620360
Address
1451 DARTMOUTH AVE, PARKVILLE, MD 21234

Signing Officer

Name
Brandon Julot
Title
Executive Director
Phone
4434620360
Signed
2025-03-18
Discuss with paid preparer
No

Organization Details

Principal Officer
Brandon Julot
Formed
2023
Legal Domicile
Md
Voting Board Members
0
Independent Board Members
0
Employees
1

Preparer

Firm
Cdm Financial Solutions LLC
Address
6340 SECURITY BLVD, STE 100 1039, BALTIMORE, MD 21207
Preparer
Cherise Montague
Phone
4102628984
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