Maryland Venture Capital Trust

Nonprofit profile at a glance

EIN
521704458
IRS 990-EZ coverage
2010–2012
Forms available
Form 990 2011, Form 990-EZ 2012
Location
Baltimore, MD, USA
Phone
4107676359
Rating
33
Verdict
REVIEW
Rating confidence
Limited
Sector
Economic Development

Reported finances

Revenue
$-17,216
Expenses
$0
Assets
$81,112

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote economic development in the state of Maryland through a supply of seed and venture capital funds.

What it reported doing in 2012

The trust is a public instrumentality of the state of md. The trust's purpose is to receive money from the state of Maryland, and other participating investors and invest the money through venture capital firms in a way that will promote economic development of new technology in the state of Maryland by providing seed capital funds to businesses in the state. The trust will accomplish these purposes by soliciting funds for investment from "participating investors" and then investing the funds in venture capital funds which meet criteria established by the trustees.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 3
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -100%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -100% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: -77.7% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2010 to 2012
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.