The Community Foundation Of Howard County Inc
- Assets
- $40.0m
- Revenue
- $8.9m
- Investments
- $1.3m
- Employees
- 7
- Location
- Columbia, MD
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 52-0937644
Organization Overview
The Community Foundation Of Howard County Inc is located in Columbia, MD. The organization was established in 1972. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Howard County Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Howard County 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, Community Foundation Of Howard County Inc generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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.
Since 2014, Community Foundation Of Howard County Inc has awarded 430 individual grants totaling $9,738,748. 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
INSPIRING LIFE-LONG GIVING AND CONNECTING PEOPLE, PLACES AND PEOPLE, PLACES, AND ORGANIZATIONS TO WORTHY CAUSES ACROSS HOWARD COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - TO SUPPORT HUMAN SERVICES, CULTURE AND CIVIC ORGANIZATIONS NECESSARY TO SUPPORT THE COMMUNITY OF HOWARD COUNTY, MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly White-Seals ESQ Ex-Officio | OfficerTrustee | 40 | $160,601 |
Marc Levin Treasurer | OfficerTrustee | 1 | $0 |
Peter Panepento Immediate Past Chair | OfficerTrustee | 1 | $0 |
Steven D Sass ESQ Vice Chair & Secretary | OfficerTrustee | 1 | $0 |
Kimberly Prescott Chair | OfficerTrustee | 1 | $0 |
Carlos Rodriguez Trustee | Trustee | 1 | $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 | $5,231,221 |
| Noncash contributions included in lines 1a–1f | $1,390,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,231,221 |
| Total Program Service Revenue | $0 |
| Investment income | $650,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,054,365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,920,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,151,195 |
| Grants and other assistance to domestic individuals. | $139,017 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,851 |
| Compensation of current officers, directors, key employees. | $51,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,352 |
| Payroll taxes | $39,328 |
| Fees for services: Management | $65,824 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,221 |
| Office expenses | $21,406 |
| Information technology | $52,936 |
| Royalties | $0 |
| Occupancy | $68,866 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,992 |
| Insurance | $1,422 |
| All other expenses | $0 |
| Total functional expenses | $3,337,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $419,909 |
| 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 | $24,316 |
| Net Land, buildings, and equipment | $946,720 |
| Investments—publicly traded securities | $36,010,374 |
| Investments—other securities | $1,286,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,785 |
| Total assets | $39,980,859 |
| Accounts payable and accrued expenses | $7,175 |
| Grants payable | $186,873 |
| 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 | $194,048 |
| Net assets without donor restrictions | $39,786,811 |
| 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 | $39,980,859 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of Howard County Inc has awarded $2,008,691 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
OPERATING FUND PURPOSE: COMMUNITY GRANT | $438,524 |
L EARL AND MARY T ARMIGER FOUNDATION FUND #3 PURPOSE: COMMUNITY GRANT | $141,232 |
Canoga Park, CA PURPOSE: COMMUNITY GRANT | $127,160 |
Columbia, MD PURPOSE: COMMUNITY GRANT | $122,600 |
OPERATING GRANT PURPOSE: COMMUNITY GRANT | $118,327 |
Columbia, MD PURPOSE: COMMUNITY GRANT | $116,200 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Community Foundation Of Howard County Inc has recieved totaling $57,861.
| Awarding Organization | Amount |
|---|---|
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $23,500 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $14,518 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,843 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,299 |
Annie E Casey Foundation Baltimore, MD PURPOSE: CHARITABLE CONTRIBUTION THROUGH THE MATCHING GIFTS PROGRAM | $608 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Endowment Analysis
| Beg. Balance | $11,547,065 |
| Earnings | $1,625,995 |
| Admin Expense | $104,557 |
| Net Contributions | $262,497 |
| Other Expense | $82,723 |
| Grants | $773,401 |
| Ending Balance | $12,474,876 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |