Fund For Change Inc
- Assets
- $861.2k
- Revenue
- $3.0k
- Investments
- $52.1k
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 31-1662222
Organization Overview
Fund For Change Inc is located in Baltimore, MD. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Change 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 12/2021, Fund For Change Inc generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (52.0%) each year. All expenses for the organization totaled $924.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fund For Change Inc has awarded 84 individual grants totaling $1,674,040. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST GROUPS WORKING IN OR WITH LOW AND MODERATE INCOME COMMUNITIES TO REDRESS INEQUITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO PUBLIC CHARITABLE ORGANIZATIONS THAT BENEFIT LOW AND MODERATE INCOME COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean K Kahn Vice President & Donor Dir | OfficerTrustee | 0.15 | $0 |
Karen H Kreisberg President & Public Directo | OfficerTrustee | 0.15 | $0 |
Marc B Terrill Treasurer & Public Directo | OfficerTrustee | 0.15 | $0 |
Betsy Krieger Secretary & Donor Director | OfficerTrustee | 0.15 | $0 |
David Kandel Donor Director | Trustee | 0.15 | $0 |
Marc Kahn Donor Director | Trustee | 0.15 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $17,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $868,850 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $15,322 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $40,667 |
| Total functional expenses | $924,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,122 |
| Pledges and grants receivable | $0 |
| 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 | $768,965 |
| Investments—other securities | $52,111 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $861,198 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $861,198 |
| Net assets with donor restrictions | $0 |
| 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 | $861,198 |
Grants Awarded
Over the last fiscal year, Fund For Change Inc has awarded $863,850 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: GENERAL SUPPORT | $75,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $62,950 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $50,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $40,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $30,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |