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Nonprofit · EIN 52-0914326

MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC

Tax-exempt · ANNAPOLIS, MD 21401

Financials

$1.6M$1.4M2023$1.6M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,581,535$1,448,406$133,129$2,612,471$11,156$2,601,315
June 30, 2024990$1,558,360$1,367,919$190,441$2,438,596$738$2,437,858
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,520,876
Investment income
$60,659
Net gain from sales of assets
-$1,410
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$335,000
Other salaries and wages
$579,975
Salaries, compensation and benefits (total)
$1,169,924
Professional fundraising fees
$0
Legal fees
$1,000
Accounting fees
$19,325
Occupancy
$25,139
Travel
$9,441
Depreciation
$20,623
Program services (functional)
$806,023
Management and general (functional)
$642,383

Balance sheet and other

Total assets, start of year
$2,438,596
Total assets, end of year
$2,612,471
Total liabilities, end of year
$11,156
Net assets, end of year
$2,601,315
Land, buildings and equipment
$659,714
Publicly traded securities
$636,466
Net assets without donor restrictions
$2,601,315
Gross receipts
$1,646,588
Employees
7
Year formed
1971
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MATTHEW POWERPRESIDENT
Officer
40$305,401
MICHAEL SOSULSKITRUSTEE
Trustee or director
0.5$0
TERRENCE SAWYERTRUSTEE
Trustee or director
0.5$0
RONALD DANIELSTRUSTEE
Trustee or director
0.5$0
KENT DEVEREAUXTRUSTEE
Trustee or director
0.5$0
JULIA JASKENTRUSTEE
Trustee or director
0.5$0
CECILIA MCCORMICKTRUSTEE
Trustee or director
0.5$0
DR ELLIOT HIRSHMANTRUSTEE
Trustee or director
0.5$0
JERRY JOYCETRUSTEE
Trustee or director
0.5$0
DEBBIE RICKERTRUSTEE
Trustee or director
0.5$0
DR MARYLOU YAMPAST CHAIR
Officer
0.5$0
NORA DEMLEITNERSECRETARY - TREASURER
Officer
0.5$0
DR BRADFORD SIMSVICE CHAIR
Officer
0.5$0
DR WEYMOUTH SPENCECHAIR
Officer
0.5$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensation
MATTHEW POWERPRESIDENT
Officer
40$312,728
MICHAEL SOSULSKITRUSTEE
Trustee or director
0$0
TERRENCE SAWYERTRUSTEE
Trustee or director
0$0
RONALD DANIELSTRUSTEE
Trustee or director
0$0
KENT DEVEREAUXTRUSTEE
Trustee or director
0$0
JULIA JASKENTRUSTEE
Trustee or director
0$0
DR ELLIOT HIRSHMANTRUSTEE
Trustee or director
0$0
DR TIMOTHY TRAINORTRUSTEE
Trustee or director
0$0
DR ANDREA CHAPDELAINETRUSTEE
Trustee or director
0$0
DR MARYLOU YAMPAST CHAIR
Officer
0$0
SAMUEL HOICHAIR OF THE CAPITAL PROJECTS
Officer
0$0
NORA DEMLEITNERSECRETARY - TREASURER
Officer
0$0
DR BRADFORD SIMSVICE CHAIR
Officer
0$0
DR WEYMOUTH SPENCECHAIR
Officer
0$0

Address and contacts

Address (IRS master file)
140 SOUTH ST, ANNAPOLIS, MD 21401-2624
In care of
% ASHLEY SWIFT
Principal officer (990 for 2024)
MATTHEW POWER, 140 SOUTH STREET, ANNAPOLIS, MD 21401
Signed the 990
MATTHEW POWER, PRESIDENT
Phone
(410) 269-0306
Return prepared by
DAVIS JOSEY & KEATING LLC

Mission

SERVING THE INTERESTS OF INDEPENDENT HIGHER EDUCATION AND SUPPORTING THE WORK OF CAMPUS LEADERS THROUGHOUT THE STATE OF MARYLAND.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ASSOCIATION SERVES TO MEET THE NEEDS OF INDEPENDENT HIGHER EDUCATION AND FOSTERS COOPERATIVE EFFORTS AMONG ITS MEMBER INSTITUTIONS AND ALL SEGMENTS OF HIGHER EDUCATION. AS THE VOICE OF INDEPENDENT HIGHER EDUCATION IN MARYLAND, THE ASSOCIATION SEEKS TO INFORM THE BROADER PUBLIC ABOUT ITS MEMBER INSTITUTIONS AND THE VITAL IMPORTANCE OF INDEPENDENT COLLEGES AND UNIVERSITIES TO THE FUTURE OF OUR STATE AND NATION.
    Expenses $806,023

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
52-0914326
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1972
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,612,471
Income (IRS master file)
$1,646,588

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,581,535$1,448,406$2,612,471XML
990June 2024$1,558,360$1,367,919$2,438,596XML
990June 2023$1,505,421$1,362,448$2,400,016IRS
990June 2022$1,496,279$1,245,671$2,606,991IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0914326).

Questions about MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC

What is the EIN of MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC?
The employer identification number (EIN) of MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC is 52-0914326.
Is MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1972.
Are donations to MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC?
The 990 for the year ended June 30, 2025 names MATTHEW POWER.
Who are the officers and directors of MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC?
The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $305,401 (MATTHEW POWER, PRESIDENT).
How much revenue does MARYLAND INDEPENDENT COLLEGE AND UNIVERSITY ASSOC INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,581,535, expenses of $1,448,406 and total assets of $2,612,471 at year end.

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