Stronghold Incorporated
- Assets
- $26.3m
- Revenue
- $1.7m
- Investments
- $24.6m
- Employees
- 0
- Location
- Dickerson, MD
- Founding
- 01/1948
- Data as of
- 12/2022
- EIN
- 52-0560230
Organization Overview
Stronghold Incorporated is located in Dickerson, MD. The organization was established in 1948. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Stronghold Incorporated 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 12/2022, Stronghold Incorporated generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $969.0k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Webster Executive Sec. | 40 | $144,076 | |
John Webster President | 40 | $76,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $573,978 |
| Interest on Savings | $0 |
| Dividends & Interest | $610,335 |
| Net Rental Income | $194,137 |
| Net Gain on Sale of Assets | $303,200 |
| Capital Gain Net Income | $303,200 |
| Net ST Capital Gain | $303,200 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,647 |
| Total Revenue | $1,684,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,396 |
| Other employee salaries and wages | $320,756 |
| Pension plans, employee benefits | $31,738 |
| Interest | $0 |
| Taxes | $70,591 |
| Depreciation | $41,999 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $221,392 |
| Total operating and administrative expenses | $969,005 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $969,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,478 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,439 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,207 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,101,716 |
| Other assets | $0 |
| Total assets | $26,320,554 |
| Accounts payable and accrued expenses | $26,331 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $277,892 |
| Total liabilities | $304,223 |