London Town Foundation Inc
- Assets
- $1.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 47
- Location
- Edgewater, MD
- Founding
- 11/1985
- Data as of
- 12/2021
- EIN
- 52-1396159
Organization Overview
London Town Foundation Inc is located in Edgewater, MD. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, London Town Foundation Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. London Town 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 12/2021, London Town Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PRESERVATION, RECONSTRUCTION AND OPERATION OF LONDON TOWN AND TO PROVIDE EDUCATION ABOUT COLONIAL MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO PROVIDE HISTORICAL EDUCATION, SPECIAL EVENTS AND THE RECONSTRUCTION AND PRESERVATION OF THE WILLIAM BROWN HOUSE, GARDENS AND SURROUNDING VILLAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Cofield Exec Direct | Trustee | 40 | $77,109 |
Laura Martien Vice Chair | Officer | 5 | $0 |
Bob Leib Chairman | Officer | 5 | $0 |
Rick Moreland Treasurer | Officer | 5 | $0 |
Anne Biddle Trustee | Trustee | 1 | $0 |
Margery Calhoun Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,661 |
| Related organizations | $0 |
| Government grants | $623,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,894 |
| Noncash contributions included in lines 1a–1f | $16,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,730 |
| Total Program Service Revenue | $111,357 |
| Investment income | $978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $420,219 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,871 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,672 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,585,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,109 |
| Compensation of current officers, directors, key employees. | $38,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,232 |
| Pension plan accruals and contributions | $12,210 |
| Other employee benefits | $3,718 |
| Payroll taxes | $50,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640 |
| Advertising and promotion | $8,379 |
| Office expenses | $10,599 |
| Information technology | $4,347 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $723 |
| Interest | $6,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,024 |
| Insurance | $4,101 |
| All other expenses | $28,807 |
| Total functional expenses | $1,217,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,291 |
| Savings and temporary cash investments | $767,526 |
| Pledges and grants receivable | $154,000 |
| Accounts receivable, net | $88,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,451 |
| Prepaid expenses and deferred charges | $4,039 |
| Net Land, buildings, and equipment | $289,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,552,184 |
| Accounts payable and accrued expenses | $720 |
| Grants payable | $0 |
| Deferred revenue | $290,552 |
| 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 | $150,000 |
| Other liabilities | $203,219 |
| Total liabilities | $644,491 |
| Net assets without donor restrictions | $599,913 |
| Net assets with donor restrictions | $307,780 |
| 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 | $1,552,184 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that London Town Foundation Inc has recieved totaling $32,610.
| Awarding Organization | Amount |
|---|---|
Arts Council Of Anne Arundel County Inc Annapolis, MD PURPOSE: ARTS EDUCATION DEVELOPMENT | $20,500 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npr Foundation Washington, DC | $410,006,391 | $31,919,786 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Walters Art Gallery Endowment Fd Mercantile Safe Dep & Tr Co Tr Pittsburgh, PA | $45,504,203 | $6,881,220 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
Soldiers And Sailors Memorial Hall And Museum Trust Inc Pittsburgh, PA | $5,405,018 | $2,064,523 |
National Cryptologic Foundation Inc Glen Burnie, MD | $20,609,005 | $4,032,571 |
Independence Historical Trust Philadelphia, PA | $5,798,816 | $1,973,857 |