Tri-County Council Foundation Inc
- Assets
- $361.1k
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 150
- Location
- Salisbury, MD
- Founding
- 12/2009
- Data as of
- 06/2021
- EIN
- 26-0353071
Organization Overview
Tri-County Council Foundation Inc is located in Salisbury, MD. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Tri-County Council Foundation Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Council 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 06/2021, Tri-County Council Foundation Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $3.8m during the year ending 06/2021. While expenses have increased by 27.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT, JOB GROWTH, RETENTION AND DEVELOPMENT OF THE LOWER EASTERN SHORE OF MARYLAND AND VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ECONOMIC DEVELOPMENT, JOB GROWTH, RETENTION AND DEVELOPMENT OF THE LOWER EASTERN SHORE OF MARYLAND AND VIRGINIA. THESE ACTIVITIES ARE PRIMARILY FUNDED THROUGH GRANT AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Simpkins Chair | Trustee | 5 | $0 |
John Cannon 1st Vice-Chair | Trustee | 5 | $0 |
Josh Nordstrom Treasurer | Trustee | 5 | $0 |
Eldon Willing 3rd Vice-Chair | Trustee | 5 | $0 |
Josh Hastings Secretary | Trustee | 5 | $0 |
Ted Elder 2nd Vice-Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,801 |
| Total Program Service Revenue | $3,671,744 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,825,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $3,118,016 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $501,359 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,357 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,338 |
| Travel | $5,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,800,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,223 |
| 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 | $19,297 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $361,070 |
| Accounts payable and accrued expenses | $11,443 |
| Grants payable | $0 |
| Deferred revenue | $142,204 |
| 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 | $153,647 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $207,423 |
| 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 | $361,070 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tri-County Council Foundation Inc has recieved totaling $127,486.
| Awarding Organization | Amount |
|---|---|
Philip E And Carole R Ratcliffe Foundation Inc Annapolis, MD PURPOSE: UNRESTRICTED USE BY RECIPIENT | $102,424 |
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO SUPPORT PROJECT OPPORTUNITY | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Mid-Atlantic Region Commission On Higher Education Wilmington, DE | $17,355,711 | $12,036,917 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |