West Baltimore Renaissance Foundation Inc
SEE SCHEDULE O
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$8.8M
Total Expenses
$6.6M
Net Assets
$16.4M
Employees
0
Volunteers
4
Grants Paid
$6.1M
Program Expense Ratio
98.8%
This nonprofit profile presents IRS Form 990 tax filing data for West Baltimore Renaissance Foundation Inc (EIN: 84-3355332), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
West Baltimore Renaissance Foundation Inc is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 2019. The organization has held tax-exempt status since 2021. In its 2023 filing, the organization reported $8.8M in total revenue, a 1.0% decrease from the prior year, and $6.6M in total expenses. The organization engaged 4 volunteers. NEIL MELTZER, CHAIRMAN, is the highest-compensated individual at $3,866,428. The organization runs 1 program, totaling $6.5M in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2023)
1 record
West Baltimore Renaissance Foundation Inc operates 1 program, with total program expenses of $6.5M. West Baltimore Renaissance Foundation Inc's largest program accounts for 100% of total program spending.
DURING FY 24, WBRF AWARDED 75 GRANTS TOTALING $6,117,382. WITHIN THE FOUR KEY PORTFOLIO AREAS, $ 518,106 WAS AWARDED FOR FOOD ACCESS, $2,160,029 FOR POPULATION HEALTH STRATEGIES, $1,653,322 FOR WORKFORCE DEVELOPMENT, AND $1,630,657 FOR YOUTH MENTORING PROGRAMMING. IN ADDITION, $26,000 WAS AWARDED IN SMALL NEIGHBORHOOD GRANTS TO SUPPORT ONE-TIME EVENTS WITH ACTIVITIES IN ALIGNMENT WITH OUR PORTFOLIOS. IN ADDITION TO THE GRANT ACTIVITIES, THE WBRF ALSO HELPED ADVANCE THE CONSTRUCTION OF A COMMUNITY RESOURCE CENTER SLATED TO OPEN IN 2025.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, West Baltimore Renaissance Foundation Inc's revenue has grown from $2.8M to $8.8M, a 218.2% increase. Program expenses represent 99% of total spending.
Revenue decreased 1.0% year-over-year, while expenses grew 14.3%. net assets rose to $16.4M, up 16.8% from the prior year.
West Baltimore Renaissance Foundation Inc derives 101% from contributions and grants.
West Baltimore Renaissance Foundation Inc allocates 99% to programs, 1% to management and general.
Revenue declined by 1.0% and expenses grew by 14.3% year over year.
West Baltimore Renaissance Foundation Inc distributed $6.1M in grants to other organizations and individuals, representing 92% of total expenses.
Over 5 filings from 2019–2023, West Baltimore Renaissance Foundation Inc grew revenue from $2.8M to $8.8M (+218.2%) while maintaining a program expense ratio of 99%.
West Baltimore Renaissance Foundation Inc holds $45.5M in total assets against $29.1M in liabilities (debt-to-asset ratio of 64%). The organization has 29.8 months of operating reserves. Cash and equivalents of $241K cover approximately 0.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $8.8M | $8.9M | $0 | $0 | $0 |
| 2022 | $8.9M | $8.9M | $0 | $0 | $0 |
| 2021 | $8.8M | $8.8M | $0 | $0 | $0 |
| 2020 | $6.7M | $6.7M | $0 | $0 | $0 |
| 2019 | $2.8M | $2.8M | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $6.6M | $6.5M | $82K | $0 | $6.1M |
| 2022 | $5.8M | $5.7M | $124K | $0 | $5.3M |
| 2021 | $4.9M | $4.8M | $79K | $0 | $4.6M |
| 2020 | $2.6M | $2.6M | $43K | $0 | $2.4M |
| 2019 | $40K | $0 | $40K | $0 | $0 |
Program Expense Ratio
98.8%
Admin Expense Ratio
1.2%
Fundraising Efficiency
—
Operating Reserve
29.8 mo
People & Compensation(Tax Year 2023)
14 records
West Baltimore Renaissance Foundation Inc reported compensation for 14 officers and key employees. Total officer compensation was $9.6M, representing 145.3% of total expenses. 5 individuals received total compensation exceeding $500,000.
West Baltimore Renaissance Foundation Inc's highest-compensated individual received $3.9M in total compensation. Total officer compensation of $9.6M represents 145.3% of total expenses. 4 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| NEIL MELTZER | CHAIRMAN | OfficerDirector | 1.00 | $0 | $3,815,188 | $3,866,428 |
| LESLIE SIMMONS | BOARD CHAIR (EVP & COO OF LBH) | OfficerDirector | 1.00 | $0 | $1,747,479 | $1,868,566 |
| DAVID KRAJEWSKI | TREASURER (CFO AND EVP, LBH) | Officer | 1.00 | $0 | $1,730,081 | $1,776,381 |
| JASON WEINER | SECRETARY(GEN COUN & SVP, LBH) | Officer | 1.00 | $0 | $1,002,448 | $1,207,976 |
| AMY SHLOSSMAN | PRES (PRES SHB, GMC, SVP LBH) | OfficerDirector | 1.00 | $0 | $489,355 | $523,899 |
| DANIEL BLUM | FORMER PRESIDENT | Former | 1.00 | $0 | $198,873 | $200,515 |
| KURT SOMMER | EXECUTIVE DIRECTOR | Officer | 40.00 | $163,899 | $0 | $167,250 |
| EDITH GILLIARD-CANTY | COMMUNITY DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| CHARLES JACKSON | HEALTH EQUITY DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| LETITIA DZIRASA MD | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MARK MARTIN PHD | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| SR MARY SHIMO | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| CAMILE BLAKE FALL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| REBECCA ALTMAN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
NEIL MELTZER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DAVID KRAJEWSKI
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
LESLIE SIMMONS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DANIEL BLUM
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JASON WEINER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
KURT SOMMER
Base Salary
$145,821
Bonus
$17,930
Other Reportable
$148
Retirement/Deferred
$1,974
Nontaxable Benefits
$1,377
AMY SHLOSSMAN
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2023)
West Baltimore Renaissance Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 7 members, 4 of whom are independent.
West Baltimore Renaissance Foundation Inc's financial statements are audited.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
62 records
West Baltimore Renaissance Foundation Inc awarded $6.1M across 62 grants to organizations. Top recipients include CLERGY UNITED FOR TRNSFRMTION OF SANDTOWN (BALTIMORE, MD) — $310K for general support; VSP - SINAI HOSPITAL OF BALTIMORE (BALTIMORE, MD) — $300K for general support; REBUILDING TOGETHER BALTIMORE INC (BALTIMORE, MD) — $250K for general support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| CLERGY UNITED FOR TRNSFRMTION OF SANDTOWN475120531 | BALTIMORE, MD | $310K | GENERAL SUPPORT |
| VSP - SINAI HOSPITAL OF BALTIMORE520486540 | BALTIMORE, MD | $300K | GENERAL SUPPORT |
| REBUILDING TOGETHER BALTIMORE INC521636425 | BALTIMORE, MD | $250K | GENERAL SUPPORT |
| THE CENTER FOR URBAN FAMILIES522142708 | BALTIMORE, MD | $250K | GENERAL SUPPORT |
| FAYETTE STREET OUTREACH521871443 | BALTIMORE, MD | $203K | GENERAL SUPPORT |
| CENTER FOR HOPE521681279 | BALTIMORE, MD | $200K | GENERAL SUPPORT |
| WIDE ANGLE YOUTH MEDIA522276602 | BALTIMORE, MD | $185K | GENERAL SUPPORT |
| SOUTHWEST PARTNERSHIP474390017 | BALTIMORE, MD | $165K | GENERAL SUPPORT |
| NEIGHBORHOOD HOUSING SERVICES OF BALTIMORE521007666 | BALTIMORE, MD | $150K | GENERAL SUPPORT |
| 4MYCITY INC842908913 | TANEYTOWN, MD | $150K | GENERAL SUPPORT |
| THE Y IN CENTRAL MARYLAND520591699 | TOWSON, MD | $150K | GENERAL SUPPORT |
| PARKS & PEOPLE INC521349346 | BALTIMORE, MD | $135K | GENERAL SUPPORT |
| MARYLAND ASSOC OF NONPROFIT ORG INC521749231 | BALTIMORE, MD | $132K | GENERAL SUPPORT |
| NAMI BALTIMORE521301154 | BALTIMORE, MD | $129K | GENERAL SUPPORT |
| U EMPOWER OF MARYLAND462801700 | SEVERNA PARK, MD | $128K | GENERAL SUPPORT |
| SO WHAT ELSE INC271219231 | BETHESDA, MD | $125K | GENERAL SUPPORT |
| KABOOM INC521970904 | BETHESDA, MD | $125K | GENERAL SUPPORT |
| GOUCHER COLLEGE520591613 | BALTIMORE, MD | $111K | GENERAL SUPPORT |
| FRIENDLY LOVING OPPORTUNITIES (FLO)474835613 | BALTIMORE, MD | $104K | GENERAL SUPPORT |
| BALTIMORE SQUASHWISE262194077 | BALTIMORE, MD | $100K | GENERAL SUPPORT |
Showing 20 of 62 grants.
Fundraising & Events(Tax Year 2023)
West Baltimore Renaissance Foundation Inc held fundraising events including Golf tournament ($47K) and Golf tournament ($16K).
Named Events
golf tournament
Gross: $46,500
golf tournament
Gross: $15,750
Filing History(Tax Years 2019–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $8.8M | $6.6M | $16.4M |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $8.9M | $5.8M | $14.0M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $8.8M | $4.9M | $10.9M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $6.7M | $2.6M | $7.1M |
| 2019 | 990 | 2019-09-10 – 2020-06-30 | $2.8M | $40K | $3.0M |
Frequently Asked Questions
What does West Baltimore Renaissance Foundation Inc do?
SEE SCHEDULE O
How much revenue does West Baltimore Renaissance Foundation Inc have?
West Baltimore Renaissance Foundation Inc reported $8,776,141 in total revenue for tax year 2023, down 1.0% from the prior year.
Who is the highest-paid executive at West Baltimore Renaissance Foundation Inc?
NEIL MELTZER, CHAIRMAN, received $3,866,428 in total compensation as of tax year 2023.
Is West Baltimore Renaissance Foundation Inc a 501(c)(3)?
Yes, West Baltimore Renaissance Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is West Baltimore Renaissance Foundation Inc located?
West Baltimore Renaissance Foundation Inc is headquartered in BALTIMORE, MD 21215.
Is West Baltimore Renaissance Foundation Inc audited?
Yes, West Baltimore Renaissance Foundation Inc's financial statements are audited.
Does West Baltimore Renaissance Foundation Inc give grants?
Yes, West Baltimore Renaissance Foundation Inc distributed $6,117,382 in grants to other organizations and individuals in tax year 2023. Top recipients include CLERGY UNITED FOR TRNSFRMTION OF SANDTOWN, VSP - SINAI HOSPITAL OF BALTIMORE, REBUILDING TOGETHER BALTIMORE INC.
Does West Baltimore Renaissance Foundation Inc hold fundraising events?
West Baltimore Renaissance Foundation Inc reports fundraising event activities.
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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