Overview
What is Massb Foundation?
The Massb Foundation is a nonprofit organization situated in Annapolis, Maryland, specifically at 80 West Street. Its primary focus is to aid at-risk children, families, and adults by financially supporting Maryland-based social service programs. These programs either safeguard at-risk individuals or preserve families, often through emergency assistance such as heating aid, eviction prevention, job training, counseling, or facility support. The foundation ensures that its donations are utilized solely for these purposes, as they are managed by unpaid trustees. In 2022, the remainder of their CARES Grant Funding was distributed, which enabled 105 individuals financially impacted by COVID-19 to maintain their homes by covering program expenses.
Official website here: www.massbfoundation.org
Is Massb Foundation legitimate?
Massb Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massb Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.massbfoundation.org
What is the mission statement of Massb Foundation?
The Massb Foundation's mission is centered around providing financial aid for social service programs that enhance the work of Maryland's departments of social services. These programs primarily focus on assisting at-risk children, families, and adults. The foundation funds initiatives that either safeguard vulnerable individuals or maintain family units. This support often takes the form of emergency assistance, such as covering utility bills to prevent disconnection, offering job training or counseling, or providing facility support for child protection, family reunification, and parental education and support. The foundation operates with uncompensated volunteer trustees who oversee the disbursement of donations exclusively for these Maryland-based programs, as they are not covered by government funding.
Official website here: www.massbfoundation.org
What is the revenue of Massb Foundation?
Massb Foundation's revenue in 2024 was $238,851.
Official website here: www.massbfoundation.org
Who are the executives of Massb Foundation and what are their salaries?
There 90 volunteers at Massb Foundation.
Here are 11 key members and their salaries:
- Compensation: $4,875
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Official website here: www.massbfoundation.org
Where can I find the form 990 for Massb Foundation?
Massb Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.massbfoundation.org
Learn more at the official website: www.massbfoundation.org
Mission Statement of Massb Foundation
The Massb Foundation, an organization operated by uncompensated volunteer trustees, is committed to supporting social service programs in Maryland. Its mission is multifaceted, primarily focusing on providing financial aid to initiatives that complement the efforts of the state's departments of social services. These programs fall into two categories: those that safeguard at-risk children, families, and adults, and those that safeguard families by preserving them or aiding in their reunification.
The foundation's support often takes the form of emergency assistance, such as providing financial aid to prevent eviction or ensure access to heat. Additionally, it funds programs that offer job training, counseling, or facility support focused on child protection, family reunification, or parental (caregiver) education and support. By doing so, the Massb Foundation works to strengthen Maryland's social services infrastructure, ensuring that vulnerable individuals and families receive the necessary assistance to overcome their challenges.
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Impact
October, 2024
Massb Foundation significantly impacts the lives of at-risk individuals and families in Maryland by providing critical financial support to programs that assist those in need. In 2022, for instance, the foundation played a vital role in helping Charles County residents affected by the COVID-19 pandemic, disbursing $191,562 in program expenses that enabled approximately 105 individuals to remain in their homes during a challenging time.
The foundation focuses on supporting social service initiatives that are not otherwise funded by government sources. Its mission encompasses a wide range of programs aimed at protecting vulnerable populations, including children and adults. By funding emergency assistance for necessities such as heat or eviction prevention, as well as offering job training, counseling, and educational support for caregivers, Massb Foundation contributes to the overall stability and well-being of families and individuals facing precarious situations.
Through the unwavering commitment of its volunteer trustees, the foundation ensures that all donations are maximally effective, directly addressing the pressing needs within the community while enhancing the efforts of Maryland's social services.
This information is meant to be a general summary of Massb Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $27,759
- Program Service Revenue: $6,901
- Gross Receipts: $239,547
Assets and Liabilities:
- Total Assets: $576,994
- Total Liabilities: $0
- Net Assets: $576,994
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference Sponsorship
Revenue
$3,000
Conference Registration Fees
Revenue
$3,901
Organization Details
Founding Year
2007
Principal Officer
Joseph Mark Poerio
Website
www.massbfoundation.orgNTEE Category
Code: P20 - Human services
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