The College Of Southern Maryland Foundation Inc
- Assets
- $15.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Laplata, MD
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 23-7279944
Organization Overview
The College Of Southern Maryland Foundation Inc is located in Laplata, MD. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Southern Maryland Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, College Of Southern Maryland Foundation Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT AND INVEST FUNDS TO SUPPORT EDUCATIONAL ACTIVITIES OF THE COLLEGE OF SOUTHERN MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2022, THE FOUNDATION FUNDED SCHOLARSHIPS TO 725 DIFFERENT STUDENTS AWARDED BY THE COLLEGE OF SOUTHERN MARYLAND, MADE DONATIONS TO THE COLLEGE'S TECHNOLOGY RESOURCES, PHYSICAL EDUCATION WELLNESS CENTER, AND SUPPORTED OTHER PROGRAMS FOR THE BENEFIT OF THE COLLEGE, ITS FACULTY, AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Lowe Vice Chair | OfficerTrustee | 0.4 | $0 |
Kimberly Rosenfield Chair | OfficerTrustee | 0.4 | $0 |
Dr Maureen Murphy Secretary/treasurer | Officer | 3 | $0 |
Chelsea Clute Executive Director | Officer | 8 | $0 |
Judith Mills CFO | Officer | 8 | $0 |
David Osterhouse Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,279 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,641,230 |
| Noncash contributions included in lines 1a–1f | $9,757 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,713,509 |
| Total Program Service Revenue | $0 |
| Investment income | $368,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15 |
| Net Income from Fundraising Events | -$6,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,075,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,960 |
| Grants and other assistance to domestic individuals. | $779,469 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,323 |
| Payroll taxes | $642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,654 |
| Office expenses | $73,889 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,326 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $549 |
| Total functional expenses | $1,080,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,339,459 |
| Pledges and grants receivable | $180,118 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,056,392 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,879,291 |
| Total assets | $15,455,260 |
| Accounts payable and accrued expenses | $41,697 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,697 |
| Net assets without donor restrictions | $558,181 |
| Net assets with donor restrictions | $14,855,382 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,455,260 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The College Of Southern Maryland Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Patuxent Partnership Inc Lexington Park, MD PURPOSE: WORKFORCE/ACADEMIA | $10,000 |
Morgan Stanley Foundation Inc New York, NY PURPOSE: VOLUNTEER INCENTIVE PROGRAM | $2,000 |
Endowment Analysis
| Beg. Balance | $10,815,062 |
| Earnings | -$1,349,848 |
| Net Contributions | $209,644 |
| Other Expense | $215,107 |
| Ending Balance | $9,459,751 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
St Coletta Special Education Charter School Washington, DC | $5,593,916 | $18,247,797 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Virginia Commonwealth University Foundation Richmond, VA | $117,210,353 | $9,637,107 |
University Of Virginia Healt Foundation Charlottesville, VA | $89,840,390 | $9,560,297 |
St Catherines School Foundation Richmond, VA | $65,797,019 | $8,901,214 |
Eastern Virginia Medical School Foundation Norfolk, VA | $165,919,612 | $19,028,464 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |