MARYLAND INSTITUTE Charity Report

Public IRS 990 nonprofit record

MARYLAND INSTITUTE

EIN 52-0591661 · Education (B420)

What they do

DEGREE GRANTING COLLEGE-MARYLAND INSTITUTE COLLEGE of ART is A PRIVATE COLLEGE DEDICATED to THE EDUCATION of PROFESSIONAL ARTISTS and THE FURTHER ADVANCEMENT of ART IN THE COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.89%of revenue went to mission work87.9% of expenses · Program services

1.64%of revenue went to fundraising1.6% of expenses

$103.38spent for every $100 of revenueSpending was higher than revenue this year.

10.84%of revenue went to management and office costs10.5% of expenses

$2.55in assets for every $1 spent this yearSome assets cannot be spent right away.

9.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $4,072,289 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $725,353 for SAMUEL HOI (FORMER PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$120,548,710

Mission workProgram services$109,571,76690.89% of revenue87.9% of expenses

ManagementOffice and general costs$13,069,66810.84% of revenue10.5% of expenses

FundraisingAsking for donations$1,979,5661.64% of revenue1.6% of expenses

Total expenses$124,620,999103.38% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.9% mission · 10.5% management · 1.6% fundraisingTotal expenses: 103.38% of revenue

2023Expense mix: 73.3% mission · 25.3% management · 1.4% fundraisingTotal expenses: 93.70% of revenue

2022Expense mix: 81.0% mission · 17.6% management · 1.4% fundraisingTotal expenses: 100.34% of revenue

2021Expense mix: 81.9% mission · 16.5% management · 1.6% fundraisingTotal expenses: 92.24% of revenue

2020Expense mix: 80.8% mission · 17.6% management · 1.6% fundraisingTotal expenses: 111.70% of revenue

2019Expense mix: 81.3% mission · 17.0% management · 1.7% fundraisingTotal expenses: 94.71% of revenue

2018Expense mix: 55.5% mission · 42.9% management · 1.6% fundraisingTotal expenses: 97.01% of revenue

2017Expense mix: 55.6% mission · 42.8% management · 1.6% fundraisingTotal expenses: 90.87% of revenue

Money in and money out

Revenue$120,548,710

Expenses$124,620,999

Annual shortfall $4,072,289 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$109,571,766 · 87.9% of expenses

Management and office costs$13,069,668 · 10.5% of expenses

Fundraising$1,979,566 · 1.6% of expenses

See all reported dollar amounts

Revenue$120,548,710

Expenses$124,620,999

Assets$317,526,300

Income$185,406,501

Contributions$11,860,799

Mission work (program services)$109,571,766

Fundraising$1,979,566

Grants given$1,919,178

Average grant$639,726

Management and general$13,069,668

Stocks and bonds$92,637,978

Accounting fees$215,300

Investing fees$155,725

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SAMUEL HOIFORMER PRESIDENT · 40 hrs/week $725,353Base $717,651 · Other $7,702

CECILIA MCCORMICKPRESIDENT · 40 hrs/week $591,376Base $535,117 · Other $56,259

ROBERT SABALVP ACADEMIC AFFAIRS AND PROVOST · 40 hrs/week $432,022Base $401,161 · Other $30,861

DONALD JONESVP ADVANCEMENT · 40 hrs/week $380,209Base $331,657 · Other $48,552

DANIEL A CRONINEVP FOR FINANCE AND CFO · 40 hrs/week $321,036Base $288,896 · Other $32,140

SHANNA HINESVP OF HR · 40 hrs/week $310,623Base $275,466 · Other $35,157

ALEXANDRA KIMFORMER VP OPERATIONS AND TECHNOLOGY · 40 hrs/week $294,156Base $269,102 · Other $25,054

MICHAEL S WEIKERTCO-EXEC DIR, CENTER FOR CREATIVE IMPACT · 40 hrs/week $220,870Base $191,018 · Other $29,852

JUDITH KINNEYVP STUDENT AFFAIRS · 40 hrs/week $208,037Base $186,593 · Other $21,444

MICHAEL PATTERSONFORMER VP STUDENT AFFAIRS · 40 hrs/week $206,853Base $185,225 · Other $21,628

CHRISTIAN LALLOVP STRATEGIC COMM · 40 hrs/week $200,696Base $176,726 · Other $23,970

STACEY SALAZARVP GRADUATE STUDIES · 40 hrs/week $199,964Base $167,338 · Other $32,626

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (40)

SAMUEL HOIFORMER PRESIDENT

CECILIA MCCORMICKPRESIDENT

ROBERT SABALVP ACADEMIC AFFAIRS AND PROVOST

DONALD JONESVP ADVANCEMENT

DANIEL A CRONINEVP FOR FINANCE AND CFO

SHANNA HINESVP OF HR

ALEXANDRA KIMFORMER VP OPERATIONS AND TECHNOLOGY

MICHAEL S WEIKERTCO-EXEC DIR, CENTER FOR CREATIVE IMPACT

JUDITH KINNEYVP STUDENT AFFAIRS

MICHAEL PATTERSONFORMER VP STUDENT AFFAIRS

CHRISTIAN LALLOVP STRATEGIC COMM

STACEY SALAZARVP GRADUATE STUDIES

LEE DAVISCO-EXEC DIR, CENTER FOR CREATIVE IMPACT

MARTIN LEMELLE JRFORMER EVP FOR FINANCE AND CFO

SHEELA MURTHYTRUSTEE

STUART CLARKETRUSTEE (UNTIL 10/18/2024)

STUART COOPERTRUSTEE

SCOTT HABERTRUSTEE

THIBAULT MANEKINTRUSTEE

RONALD FIDLERTRUSTEE

WENDY JACHMANTRUSTEE (UNITL 10/18/2024)

NEIL MEYERHOFFTRUSTEE

LIZA SANCHEZTRUSTEE

FREDYE WRIGHT GROSSTRUSTEE

AMY BRUSSELBACKTRUSTEE

ANNE GARFINKLETRUSTEE

ANNE PERKINSTRUSTEE

BONNIE WASHINGTONTRUSTEE

DAVID WALLACKTRUSTEE

DIANE CHOTRUSTEE

DOUGLAS TSUITRUSTEE

ERIC JORDAHLTRUSTEE

KATHERINE SIEH-TAKATATRUSTEE

GWEN DAVIDSONTRUSTEE

JAMES BLUETRUSTEE

JEFFREY BUNTINGTRUSTEE

JOHN ANGELOSTRUSTEE

JOHN BROTHERSTRUSTEE

JUDITH BURTONTRUSTEE

JULIANA HARRISTRUSTEE (UNTIL 10/18/2024)

About this charity

Recognized since: January 1935
Location: 1300 Mount Royal Avenue, Baltimore, MD 21217
County: Baltimore (city)
In care of: CECILIA MCCORMICK
Primary officer: CECILIA MCCORMICK, President

How to reach them

WebsiteVisit the charity’s website Phone(410) 225-2352

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Education (B420)
Grant-giving organization: Yes