MASSB Foundation
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
MASSB Foundation does not meet the following 1 Standards for Charity Accountability:
Standard 13 (Accuracy of Expenses in Financial Statements)
Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.
MASSB Foundation does not meet this Standard because:
- The BBB Wise Giving Alliance's disagrees with MASSB Foundation's allocation of fundraising expenses. According to the organization's 2024 IRS Form 990, MASSB Foundaiton did not allocate any expenses as fundraising. It is the BBB Wise Giving Alliance's position that some expenses associated with generating grant revenue and website contributions should be allocated as fundraising expenses.
MASSB Foundation meets the remaining 19 Standards for Charity Accountability.
Stated Purpose:
"to provide services for at-risk families, children, and vulnerable adults."
Year, State Incorporated:
2007, MD
Also Known As:
MASSB Foundation
MASSB Foundation complements the efforts of Maryland-based Departments of Social Services by providing financial assistance for needs that are not governmentally funded. MASSB Foundation provides financial assistance for basic needs, health and safety, and growth and opportunity. The organization reports that basic needs funding primarily provides financial assistance for housing, including rent, mortgage and utilities arrearage, and security deposits and first month’s rent to transition people from shelters to stable housing. Health and safety funding addresses the physical well-being of individuals through assistance for modest home safety modifications, and support for domestic violence shelters and child advocacy centers. Growth and opportunity funding helps address barriers to self-sufficiency by providing financial assistance for education and job training, transportation needs, appropriate clothing for job interviews and work, tutoring, school supplies, summer camps for at-risk children, and support to family service centers. MASSB Foundation reports being primarily comprised by volunteers who serve on local boards in each of Maryland’s 23 counties.
For the year ended December 31, 2024, MASSB Foundation's program expenses were:
| Program services | $176,103 |
| Total Program Expenses | $176,103 |
Chief Executive
Nate Poerio, Trust Administrator
Chair of the Board
Melissa Teitelbaum
Chair's Profession / Business Affiliation
Occupational Therapist
Board Size
9
Paid Staff Size
1
*2024 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: The organization reports being an all-volunteer organization. Mr. Nate Poerio volunteers his time as Trust Administrator.
Method(s) Used:
Grant proposals, Internet, Direct mail appeals
Note: Since the BBB Wise Giving Alliance disagrees with MASSB Foundation's allocation of fundraising expenses, we are unable to verify the ratio of fundraising expneses to related contributions. See conclusions section of this report for more information.
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on MASSB Foundation's IRS Form 990 for the year ended December 31, 2024.
Source of Funds
| Contributions | $135,469 |
| Fundraising events, net | $53,181 |
| Investment income | $27,759 |
| Membership dues | $9,200 |
| Government grants | $5,000 |
| Conference registration fees | $3,901 |
| Conference sponsorship | $3,000 |
| Federated campaigns | $1,341 |
| Total Income | $238,851 |
Programs: 94% Fundraising: 0% Administrative: 6%
| Total Income | $238,851 |
| Total expenses: | $187,454 |
| Program expenses | $176,103 |
| Fundraising expenses | $0 |
| Administrative expenses | $11,351 |
| Other expenses | $0 |
| Income in Excess of Expenses | $51,397 |
| Beginning Net Assets | $669,565 |
| Other Changes In Net Assets | $-2,511 |
| Ending Net Assets | $718,451 |
| Total Liabilities | $0 |
| Total Assets | $718,451 |
Note 1: In the financial summary above, “other changes in net assets” refers to a prior period adjustment.
Note 2: Since the BBB Wise Giving Alliance disagrees with MASSB Foundation's allocation of fundraising expenses, we are unable to verify the ratio of fundraising expneses to related contributions. See conclusions section of this report for more information.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance