MARYLAND ART PLACE INC

EIN: 521210213 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$573,020
Total Expenses
$439,401
Total Assets
$598,825
Net Assets
$-174,197
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MD
Principal Officer
ELIZABETH COUTERMANCHE
Phone
4109628565
Tax Period
2024-01-01 to 2024-12-31

MARYLAND ART PLACE INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $573K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 23% operating margin.

Mission

MARYLAND ART PLACE WAS ESTABLISHED TO DEVELOP AND MAINTAIN AN ENVIRONMENT FOR ARTISTS TO EXHIBIT THEIR WORK AND FACILITATE EXCHANGES BETWEEN ARTISTS AND THE PUBLIC THROUGH EDUCATIONAL LEADERSHIP.

Program Service Accomplishments

Program 1
Expenses: $303,789 Revenue: $195,536

MARYLAND ARTS PLACE MAP INSPIRES, SUPPORTS, AND ENCOURAGES ARTISTIC EXPRESSION THROUGH INNOVATIVE PROGRAMMING, EXHIBITIONS, AND EDUCATIONAL OPPORTUNITIES WHILE RECOGNIZING THE POWERFUL IMPACT ART CAN...

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MARYLAND ARTS PLACE MAP INSPIRES, SUPPORTS, AND ENCOURAGES ARTISTIC EXPRESSION THROUGH INNOVATIVE PROGRAMMING, EXHIBITIONS, AND EDUCATIONAL OPPORTUNITIES WHILE RECOGNIZING THE POWERFUL IMPACT ART CAN HAVE ON OUR COMMUNITY. MAP CREATES A DYNAMIC ENVIRONMENT FOR ARTISTS OF OUR TIME TO ENGAGE WITH THE PUBLIC BY NURTURING AND PROMOTING NEW IDEAS. MAP HAS SERVED AS A CRITICAL RESOURCE IN THE MID-ATLANTIC AREA SINCE 1981. MAP PRIMARILY SUPPORTS EMERGING AND MID-CAREER VISUAL ARTISTS OFTEN PROVIDING A VITAL FOUNDATION FOR ART STUDENTS ENTERING THE WORKFORCE BY BRIDGING THE GAP BETWEEN COMMERCIAL GALLERIES AND MUSEUMS. ON AVERAGE, MAP DIRECTLY SERVES APPROXIMATELY 500-600 ARTISTS, AND INDIRECTLY SERVES CLOSER TO 3,000 INDIVIDUAL ARTISRS EACH YEAR. MAPS ROLE AS THE CARETAKER OF THE MARYLAND STATE ARTS DIRECTORY PLAYS A SIGNIFICANT ROLE IN OUR REACH AND FOCUS ON MARYLAND BASED ARTISTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $334,519
Program Service Revenue $195,536
Investment Income $0
Other Revenue $42,965
TOTAL REVENUE $573,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,758
Fundraising Expenses $70,889
Program Expenses $303,789
Other Expenses $281,643
TOTAL EXPENSES $439,401

Year-over-Year Comparison

2024 2023 Change
Revenue $573,020 $338,917 +0.7%
Expenses $439,401 $372,549 +0.2%
Net Income $133,619 $-33,632 -5.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$104,297
Total Directors
12
$104,297
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY ROYCE EXECUTIVE DIRECTOR 040.00
Officer Director
$91,462 $12,835 $104,297
ELIZABETH S COURTEMANCHE CHAIR 001.00
Officer Director
$0 $0 $0
DOUG KOSCHALK VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
LAVERNE CANADY SECRETARY 001.00
Officer Director
$0 $0 $0
STEPHEN W FOLGLEMAN DIRECTOR 001.00
Director
$0 $0 $0
KATHLEEN HAMILL DIRECTOR 001.00
Director
$0 $0 $0
THEODORE W ATKINSON DIRECTOR 001.00
Director
$0 $0 $0
DAVID R LOPEZ DIRECTOR 001.00
Director
$0 $0 $0
MARIA ULAYYET DIRECTOR 001.00
Director
$0 $0 $0
AMANDA MOORE DIRECTOR 001.00
Director
$0 $0 $0
KATHY O'DELL DIRECTOR 001.00
Director
$0 $0 $0
TOBORE SEFIA DIRECTOR 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $573,020 $439,401 $598,825 $133,619
2023 $338,917 $372,549 $715,174 $-33,632
2022 $270,146 $324,089 $564,340 $-53,943
2021 $263,507 $263,492 $568,549 $15
2020 $348,839 $252,818 $549,508 $96,021
2019 $259,148 $295,317 $328,938 $-36,169
2018 $228,828 $234,930 $312,214 $-6,102
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