Community Foundation Of The Eastern Shore Inc
- Assets
- $144.5m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Salisbury, MD
- Founding
- 10/1984
- Data as of
- 06/2022
- EIN
- 52-1326014
Organization Overview
Community Foundation Of The Eastern Shore Inc is located in Salisbury, MD. The organization was established in 1984. 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 06/2022, Community Foundation Of The Eastern Shore Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Eastern Shore 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, Community Foundation Of The Eastern Shore Inc generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 4.4% 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.
Since 2015, Community Foundation Of The Eastern Shore Inc has awarded 1,034 individual grants totaling $35,928,876. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING COMMUNITY PHILANTHROPY AND CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER. THE FOUNDATION'S VISION IS TO CREATE THRIVING COMMUNITIES ON MARYLAND'S EASTERN SHORE WHERE WE CAN LIVE AND PROSPER TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO ASSIST VARIOUS SCHOOLS, COLLEGES, UNIVERSITIES AND LIBRARIES WITH FINANCIAL SUPPORT AND SCHOLARSHIPS AS WELL AS SUPPORT FOR VARIOUS NON-PROFIT'S EDUCATIONAL INITIATIVES.
HUMAN SERVICES - TO ASSIST VARIOUS ORGANIZATIONS IN PROVIDING EMERGENCY AND SOCIAL SERVICES TO THE COMMUNITY
YOUTH BASED PROGRAMS - TO ASSIST VARIOUS ORGANIZATIONS IN PROVIDING PROGRAMS AND SERVICES TO THE YOUTH IN THE COMMUNITY.
ANIMAL WELFARE, ARTS, CULTURE, COMMUNITY DEVELOPMENT, CONSERVATION AND HISTORIC PRESERVATION, HEALTH, ENVIRONMENT,& YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Joseph President | Officer | 37.5 | $147,595 |
Dean Lewis Treasurer | OfficerTrustee | 1 | $0 |
W Todd Hershey Secretary | OfficerTrustee | 1 | $0 |
Velda Henry Vice Chairman | OfficerTrustee | 1 | $0 |
James P Jones Chairman | OfficerTrustee | 1 | $0 |
Ed Barber Director | 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 | $9,875,486 |
| Noncash contributions included in lines 1a–1f | $3,501,017 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,875,486 |
| Total Program Service Revenue | $0 |
| Investment income | $5,481,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,050,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,701,566 |
| Grants and other assistance to domestic individuals. | $384,355 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,969 |
| Compensation of current officers, directors, key employees. | $46,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $615,065 |
| Pension plan accruals and contributions | $47,654 |
| Other employee benefits | $80,068 |
| Payroll taxes | $57,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,415 |
| Advertising and promotion | $46,670 |
| Office expenses | $38,074 |
| Information technology | $146,025 |
| Royalties | $0 |
| Occupancy | $62,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,640 |
| Insurance | $0 |
| All other expenses | $11,556 |
| Total functional expenses | $8,544,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,026 |
| Savings and temporary cash investments | $1,578,156 |
| 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 | $859,390 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $104,080 |
| Net Land, buildings, and equipment | $1,133,878 |
| Investments—publicly traded securities | $138,908,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,895,765 |
| Total assets | $144,509,312 |
| Accounts payable and accrued expenses | $140,422 |
| Grants payable | $0 |
| Deferred revenue | $59 |
| 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 | $41,649,841 |
| Total liabilities | $41,790,322 |
| Net assets without donor restrictions | $8,893,351 |
| Net assets with donor restrictions | $93,825,639 |
| 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 | $144,509,312 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Eastern Shore Inc has awarded $5,172,900 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
Dover, DE PURPOSE: YOUTH | $1,314,040 |
Salisbury, MD PURPOSE: EDUCATION | $457,305 |
Salisbury, MD PURPOSE: HEALTH | $210,787 |
Salisbury, MD PURPOSE: HEALTH | $195,920 |
Salisbury, MD PURPOSE: EDUCATION | $186,806 |
Atlanta, GA PURPOSE: YOUTH | $151,885 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Community Foundation Of The Eastern Shore Inc has recieved totaling $164,202.
| Awarding Organization | Amount |
|---|---|
Robert I Schattner Foundation Inc Rockville, MD PURPOSE: GENERAL SUPPORT | $80,000 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: PROJECT 7 1/2 OF THE WICOMICO COUNTY PARKS AND RECREATION | $50,000 |
Magi-Fund Inc Salisbury, MD PURPOSE: TO FUND NONPROFIT | $18,750 |
Richard A Henson Charitable Foundation Inc Salisbury, MD PURPOSE: OPERATING EXPENSES | $7,736 |
Cole Family Foundation Salisbury, MD PURPOSE: MULTI-PURPOSE COMMUNITY CHARITY | $5,000 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: IGGY DINARDO FOUNDATION FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $146,608,138 |
| Earnings | -$16,729,228 |
| Net Contributions | $6,759,122 |
| Grants | $3,087,398 |
| Ending Balance | $133,550,634 |
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 |