Frederick Community College Foundation Inc

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. Frederick Community College 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 06/2022, Frederick Community College Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 3.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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)Compensation
Justin Ramsburg
Vice Chair
$0
Christopher R Clemons
Treasurer
$0
Deborah Powell
Fccf Executive Director
$0
Tracey Mcpherson
Member
$0
Stephanie Magnus
Member
$0
Jon Holmes
Member
$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$697,160
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$697,160
Total Program Service Revenue$0
Investment income $119,290
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,575,903
Net Income from Fundraising Events $40,576
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,434,247

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Frederick Community College Foundation Inc has recieved totaling $110,000.

Awarding OrganizationAmount
The George L Shields Foundation Inc

Bethesda, MD

PURPOSE: FOR PROGRAM SERVICES

$75,000
Delaplaine Foundation Inc

Frederick, MD

PURPOSE: ALLIED HEALTH ACADEMY

$15,000
William E Cross Foundation Inc

Frederick, MD

PURPOSE: FOR PROGRAM SERVICES

$10,000
The Ausherman Family Trust

Frederick, MD

PURPOSE: OPERATIONS SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,312,171
Earnings$239,683
Admin Expense$70,261
Net Contributions$108,603
Grants$327,795
Ending Balance$14,262,401

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