BIT COMMUNITY CENTER INC

EIN: 522169101 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$145,151
Total Expenses
$251,299
Total Assets
$87,961
Net Assets
$47,490
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MD
Principal Officer
MONICA LAPENTA
Phone
7033404012
Tax Period
2023-01-01 to 2023-12-31

BIT COMMUNITY CENTER INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 73% operating deficit.

Mission

OUR MISSION IS TO SUPPORT AN EQUITABLE PROSPEROUS BALTIMORE, BUILDING COMMUNITY HEALTH AND WEALTH FOR CITIZENS OF THE WORLD WHO CALL BALTIMORE HOME. ALWAYS INSPIRED BY OUR ITALIAN CULTURE, WE DO SO BY EMPOWERING FAMILIES THROUGH THE ARTS, BUILDING COMMUNITY ACCESS TO AFFORDABLE QUALITY FOOD, PROVIDING FOOD EDUCATION, PROMOTING FOOD JUSTICE, CREATING INTERNATIONAL EXCHANGE OPPORTUNITIES, TRAINING, AND JOBS FOR YOUNG ADULTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $140,719
Investment Income $8
Other Revenue $4,424
TOTAL REVENUE $145,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $130,050
Fundraising Expenses $6,680
Program Expenses $226,605
Other Expenses $121,249
TOTAL EXPENSES $251,299

Year-over-Year Comparison

2023 2022 Change
Revenue $145,151 $391,383 -0.6%
Expenses $251,299 $239,886 +0.0%
Net Income $-106,148 $151,497 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
83

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
$66,800
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMANTHA BENJELLOUN TREASURER 4.00
Officer Director
$0 $0 $0
FULVIO DOMENICALI MEMBER 4.00
Director
$0 $0 $0
SUE HILGER BOARD CHAIR 12.00
Officer Director
$0 $0 $0
CARLO IOMINI MEMBER 4.00
Director
$0 $0 $0
ARMANDA LIGABUE MEMBER 4.00
Director
$0 $0 $0
MEGAN MCSWAIN VICE CHAIR 4.00
Director
$0 $0 $0
DIANE SANCILIO SECRETARY 4.00
Officer Director
$0 $0 $0
CHIP WEINMAN MEMBER 4.00
Director
$0 $0 $0
TIFFANY BASSFORD MEMBER 4.00
Director
$0 $0 $0
MONICA E LAPENTA EXECUTIVE DIRECTOR & CEO 40.00
Officer
$66,800 $0 $66,800
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 No data No data No data No data
2023 $145,151 $251,299 $87,961 $-106,148
2022 $391,383 $276,302 $203,266 $115,081
2021 $453,577 $399,318 $98,534 $54,259
2020 $326,985 $215,264 $42,161 $111,721
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