Frederick Community College Foundation Inc
- Assets
- $16.3m
- Revenue
- $1.6m
- Investments
- $16.0m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 02/1982
- Data as of
- 06/2020
- EIN
- 52-1231768
Organization Overview
Frederick Community College Foundation Inc is located in Frederick, MD. The organization was established in 1982. 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.
For the year ending 06/2020, Frederick Community College Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.0m during the year ending 06/2020. While expenses have increased by 4.4% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO FREDERICK COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO FREDERICK COMMUNITY COLLEGE STUDENTS.
PROGRAM SUPPORT TO FREDERICK COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip G Sewell Chair | OfficerTrustee | 1 | $0 |
Elizabeth Burmaster Fcc President | OfficerTrustee | 1 | $0 |
Justin Ramsburg Treasurer | OfficerTrustee | 1 | $0 |
Michele R Mills Vice Chair | OfficerTrustee | 1 | $0 |
Christopher R Clemons Secretary, Assistant Treasurer | OfficerTrustee | 1 | $0 |
Deborah Powell Fccf Executive Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,951 |
| Investment income | $104,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $912,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,591,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $869,792 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $5,635 |
| 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 | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,890 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,394 |
| Office expenses | $13,229 |
| Information technology | $23,653 |
| Royalties | $0 |
| Occupancy | $11,571 |
| Travel | $1,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,745 |
| All other expenses | $0 |
| Total functional expenses | $1,042,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $248,469 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,039,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,134 |
| Total assets | $16,316,898 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $19,250 |
| 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 | $8,975 |
| Total liabilities | $29,725 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,287,173 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Frederick Community College Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Ausherman Family Trust Frederick, MD PURPOSE: SCHOLARSHIPS FOR STUDENTS | $20,000 |
Endowment Analysis
| Beg. Balance | $11,643,549 |
| Earnings | $41,495 |
| Admin Expense | $74,045 |
| Net Contributions | $253,916 |
| Grants | $284,448 |
| Ending Balance | $11,580,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
St Coletta Special Education Charter School Washington, DC | $6,267,564 | $18,905,933 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $11,907,910 | $17,648,904 |
Unidel Foundation Inc Greenville, DE | $383,757,131 | $19,603,643 |
Clarion Universiy Foundation Inc Clarion, PA | $157,988,258 | $13,995,401 |
Old Dominion University Educational Foundation Norfolk, VA | $300,966,250 | $29,020,337 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Benedictine Educational Foundation Richmond, VA | $19,193,938 | $7,643,878 |
Virginia Commonwealth University Foundation Richmond, VA | $117,210,353 | $9,637,107 |
Foundation For Abington School District Abington, PA | $10 | $6,033,718 |
Horatio Alger Endowment Fund Alexandria, VA | $251,574,080 | $27,173,917 |
Shippensburg University Foundation Shippensburg, PA | $77,237,047 | $12,266,765 |