Overview
What is First Maryland Disability Trust Inc?
First Maryland Disability Trust Inc is a nonprofit organization based in Lutherville, Maryland. Established with a mission to offer cost-effective trust services, their primary focus is on assisting families to meet the needs of their disabled family members. They provide trust services to individuals with disabilities of all ages, residing in Maryland. The organization's goal is to enhance the quality of life, autonomy, and dignity of Marylanders with disabilities. They do this by protecting, managing, and utilizing trust assets efficiently while preserving eligibility for both public and private benefits. With a dedicated workforce of 12 individuals, First Maryland Disability Trust Inc is committed to providing essential support to Marylanders with disabilities, ensuring they maintain their well-being and independence.
Official website here: www.firstmdtrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
First Maryland Disability Trust Inc has earned a Four-Star out of Four Star rating from Charity Navigator, indicating strong accountability and finance practices. With an overall score calculated entirely from a single beacon score, the organization demonstrates a commitment to transparency and effective management of its financial resources. The high score reflects a robust financial health, with a program expense ratio of 74.76%, suggesting that a significant portion of its budget is allocated directly to its programs.
The organization boasts a fully independent board, consisting of 10 members, which enhances its governance structure. It has achieved perfect scores in areas such as its audit and oversight committee, conflict of interest policy, and whistleblower policy. Furthermore, there are no reported issues regarding the diversion of assets, which reinforces the trust in its financial operations.
While the rating and feedback highlight the strengths in governance and financial management, it is essential for potential donors and stakeholders to stay engaged with the organization's ongoing activities and impact to ensure that it continues to meet its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is First Maryland Disability Trust Inc legitimate?
First Maryland Disability Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Maryland Disability Trust Inc 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: $145,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $780,490
For more financial information, click here
Official website here: www.firstmdtrust.org
What is the mission statement of First Maryland Disability Trust Inc?
First Maryland Disability Trust Inc's mission is to enhance the quality of life, autonomy, and dignity of individuals with disabilities in various age groups. They achieve this by offering cost-effective trust services to protect, manage, and utilize trust assets for beneficiaries. This is done while preserving their eligibility for both public and private benefits. Additionally, the trust provides cost-effective trust services to families, allowing them to cater to the needs of their disabled family members.
Official website here: www.firstmdtrust.org
Who is the CEO of First Maryland Disability Trust Inc?
Denise Fike is the Ceo of First Maryland Disability Trust Inc. The CEO's salary of First Maryland Disability Trust Inc is $126,896 and their total compensation is $149,350.
Official website here: www.firstmdtrust.org
What is the revenue of First Maryland Disability Trust Inc?
First Maryland Disability Trust Inc's revenue in 2022 was $1,782,285.
Official website here: www.firstmdtrust.org
Who are the executives of First Maryland Disability Trust Inc and what are their salaries?
The average compensation at First Maryland Disability Trust Inc during 2022 was $77,124. There are 12 employees at First Maryland Disability Trust Inc.
Here are 12 key members and their salaries (First Maryland Disability Trust Inc's CEO's salary is $126,896 and their total compensation is $149,350):
- Compensation: $126,896
- Related: $0
- Other: $22,454
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.firstmdtrust.org
Where can I find the form 990 for First Maryland Disability Trust Inc?
First Maryland Disability Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstmdtrust.org
Learn more at the official website: www.firstmdtrust.org
Mission Statement of First Maryland Disability Trust Inc
First Maryland Disability Trust Inc is a mission-driven organization dedicated to enhancing the quality of life, autonomy, and dignity of individuals with disabilities residing in Maryland. Their primary objective is to offer cost-effective trust services, ensuring that the assets of beneficiaries are protected, managed, and utilized effectively. By doing so, First Maryland Disability Trust Inc strives to preserve eligibility for both public and private benefits, thereby enabling individuals with disabilities to maintain their financial stability and independence. The organization's services are designed to cater to families who wish to provide for the needs of their disabled family members, offering them a reliable and efficient solution. In essence, First Maryland Disability Trust Inc aims to empower individuals with disabilities, allowing them to live fulfilling lives while maintaining their entitlements to essential benefits.
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Impact
July, 2024
First Maryland Disability Trust Inc's impact is significant in enhancing the quality of life, autonomy, and dignity of Marylanders with disabilities. By providing cost-effective trust services to individuals with disabilities of all ages throughout Maryland, the organization ensures that families have a reliable means to provide for the needs of their disabled family members. This support not only helps in managing and using trust assets effectively but also preserves the eligibility for public and private benefits, thereby safeguarding the well-being of beneficiaries. Overall, First Maryland Disability Trust Inc's efforts in offering trust services contribute to improving the lives of individuals with disabilities and their families, providing them with essential financial security and peace of mind.
This information is meant to be a general summary of First Maryland Disability Trust Inc. 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 2022.
- Investment Income: -$153,076
- Program Service Revenue: $1,079,888
- Gross Receipts: $4,105,020
Assets and Liabilities:
- Total Assets: $5,685,763
- Total Liabilities: $1,434,185
- Net Assets: $4,251,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLOSING FEE
Revenue
$69,685
JOINDER FEE
Revenue
$103,500
TRUSTEE FEE
Revenue
$906,703
Organization Details
Founding Year
2005
Phone
(410) 296-4408Principal Officer
Denise Fike
Main Address
1400 FRONT AVENUE 303, LUTHERVILLE, MD, 21093
Website
www.firstmdtrust.orgNTEE Category
Code: P81 - Human services
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