Mtm Foundation Inc

Nonprofit profile at a glance

EIN
475527163
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2017
Location
Baltimore, MD, USA
Phone
4437686939
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$593,884
Expenses
$565,259
Assets
$82,088
Liabilities
$3,731

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JAMES HENDERSON Sr (PRESIDENT)

Highest reported compensation

  • JAMES HENDERSON Sr (PRESIDENT): $30,800 total reported compensation
  • NICHOLAS MYLES (YOUTH ADVOCATE): $10,800 total reported compensation
  • SHARISSE JOHNSON (ADMIN ASSISTANT OF THE BOARD): $8,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide an interractive and comprehensive professional development program that guide youth down the pathways of college and entreprenurship, while providing essential tools to create generational wealth.

What it reported doing in 2024

MTM Foundation provided an aggregate of 6,480 hour of service to more than 60 scholars during our summer program with a grant from Baltimore Children Youth Fund. Fifty scholars participated in our CEO Club where they engaged with our professional Youth Advocates to learn how to start and effectively run a small business. The Foundation provided grant services to Behavioral Health Systems Baltimore to service 60 youth during our after-school program called Project Toward No Drug. We implemented this program into two local high schools and citywide (St. Frances Academy and CO Academy. We provided 11,520 of service hours guiding youth down the pathway of college and no drugs. We received a grant to support our Entrepeneuship and college readiness program to exoand our service throughout Baltimore from Family League of Baltimore. The funds supported 45 scholars and covered their Historically Black Colleges and Universities (HBCU) college tour including lodging, culinary, transportation, clothing/shirts and snacks. The college tour was a hugh success as 74 scholars over the course of all program were accepted ino college. We recorded over 30 new businesses were registered with the State of Maryland.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 100
  • Accountability: 45
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 36.6%; rating input score 37
  • Program expense ratio: 38.5%; rating input score 38
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 28.6%; rating input score 29; 10th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.8%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.15; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 12%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 19.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 29.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 30.6% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 36.6% of revenue deployed · 38.5% of spending went to programs
  • Governance: 2 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $217K in reported program spending
  • Leadership: top reported pay $31K · 7 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 38/100.
  • High — Accountability: Independent voting board scored 29/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.