Community Foundation Of Frederick County Maryland Incorporated
- Assets
- $137.3m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Frederick, MD
- Founding
- 05/1987
- Data as of
- 06/2020
- EIN
- 52-1488711
Organization Overview
Community Foundation Of Frederick County Maryland Incorporated is located in Frederick, MD. The organization was established in 1987. 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 06/2021, Community Foundation Of Frederick County Maryland Incorporated employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Frederick County Maryland Incorporated 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 06/2020, Community Foundation Of Frederick County Maryland Incorporated generated $16.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $9.9m during the year ending 06/2020. While expenses have increased by 4.9% 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.
Since 2015, Community Foundation Of Frederick County Maryland Incorporated has awarded 859 individual grants totaling $36,247,959. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GENEROUS DONORS CREATE POSITIVE IMPACT IN THE LIVES OF FREDERICK COUNTY CITIZENS THROUGH GRANTS AND SCHOLARSHIPS. IN FY2021, GRANTS TOTALING $5,717,761 BENEFITED 259 NONPROFITS SERVING THE COMMUNITY, SUPPORTING THEIR CRITICAL PROGRAMS AND PROVIDING SERVICES TO THOUSANDS OF RESIDENTS. SCHOLARSHIPS FOR POST-SECONDARY STUDY (INCLUDING CAREER TRAINING) TOTALING $1,973,679 WERE AWARDED TO 334 STUDENTS. AS A RESULT, THE WELL-BEING, GROWTH, AND SUCCESS OF FREDERICK COUNTY CIITZENS AND OUR COMMUNITY -AT-LARGE WERE IMPROVED, AND COMMUNITY MEMBERS WERE MOTIVATED TO PARTICIPATE IN COMMUNITY FOUNDATION INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC INITIATIVE GRANTS - THE COMMUNITY FOUNDATION IDENTIFIES COMMUNITY NEEDS THROUGH PERIODIC ASSESSMENTS AND, BASED UPON THESE FINDING, DETERMINES STRATEGIC PRIORITIES FOR ITS DISCRETIONARY GRANTMAKING. QUALIFIED 501C3 ORGANIZATIONS AND GOVERNMENT/QUASI-GOVERNMENT ENTITIES APPLYING FOR FUNDING PROGRAMS NOT NORMALLY PROVIDED THROUGH TAX REVENUE MAY APPLY FOR STRATEGIC FUNDING. APPLICANTS PARTICIPATE IN A RIGOROUS REVIEW PROCESS CONDUCTED BY THE COMMUNITY FOUNDATION'S VOLUNTEER GRANTS COMMITTEE. APPLICANTS MUST BE IN GOOD STANDING WITH ALL STATE AND FEDERAL REGISTRATIONS, AND MUST PROVIDE DESCRIPTIONS OF THEIR PROGRAMS, UNITS OF SERVICE AND EXPECTED OUTCOMES, AND DETAILED FINANCIAL INFORMATION. REQUIRED REPORTS ENSURE ACCOUNTABILITY.
SCHOLARSHIPS-THE COMMUNITY FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF SCHOLARSHIPS IN FREDERICK COUNTY, AND ADMINISTERS THE TRUMPOWER SCHOLARSHIPS FOR CARROLL COUNTY RESIDENTS. SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS PURSUING EDUCATION PAST HIGH SCHOOL, INCLUDING TWO AND FOUR-YEAR COLLEGES AND UNIVERSITIES, TRADE AND TECHNICAL SCHOOLS, MASTERS AND DOCTORAL PROGRAMS, AND CERTIFICATIONS. STUDENTS MAY APPLY FOR SCHOLARSHIPS DURING ANY YEAR OF THEIR ACADEMIC CAREERS, INCLUDING NON-TRADITIONAL STUDENTS WHO DID NOT BEGIN THEIR POST-SECONDARY STUDIES IMMEDIATELY FOLLOWING HIGH SCHOOL. THE COMMUNITY FOUNDATION'S VOLUNTEER SCHOLARSHIP COMMITTEE REVIEWS ALL APPLICATIONS AND SELECTS RECIPIENTS THAT BEST MATCH THE CRITERIA SET FORTH BY THE DONOR WHEN THE SCHOLARSHIP FUND WAS ESTABLISHED. SCHOLARSHIPS ARE AVAILABLE FOR ALMOST ANY AREA OF STUDY, SOME DO NOT CONSIDER FINANCIAL NEED AS CRITERIA, AND SOME ARE RENEWABLE FOR ONE OR MORE YEARS. ADDITIONALLY, SOME SCHOLARSHIPS ARE OFFERED FOR STUDENTS AGES 6 TO 17 FOR MUSIC, INSTRUMENTAL, DANCE AND VOCAL INSTRUCTION AND SOME ARE OFFERED FOR YOUTH AGES 11 TO 18 FOR ATHLETIC PROGRAMS.
IMPACT GRANTS - THE COMMUNITY FOUNDATION ADMINISTERS GRANTS FROM FIELD OF INTEREST, DONOR-ADVISED AND DESIGNATED FUNDS ESTABLISHED BY DONORS WHO WANT TO CREATE IMPACT AND SUPPORT THEIR FAVORITE CAUSES. FIELD OF INTEREST FUND FOUNDERS SPECIFY GENERAL AREAS FOR THE COMMUNITY FOUNDATION TO DIRECT ITS GRANTMAKING, BUT NOT SPECIFIC NONPROFITS. DONOR-ADVISED FUND FOUNDERS RECOMMEND GRANTS FROM THEIR FUNDS, WITH THE COMMUNITY FOUNDATION BOARD OF TRUSTEES HAVING FINAL APPROVAL. GRANTS FROM DESIGNATED FUNDS SUPPORT THE COMMUNITY CAUSES IDENTIFIED IN THE AGREEMENT EXECUTED WHEN THE DONOR ESTABLISHED THE FUND WITH THE COMMUNITY FOUNDATION. ALL GRANTEES MUST BE IN GOOD STANDING WITH ALL STATE AND FEDERAL REGISTRATIONS AND SOME MUST PROVIDE DESCRIPTIONS OF THE IMPACT OF THEIR PROGRAMS AND REPORTS TO ENSURE ACCOUNTABILITY. GRANTS SUPPORT HEALTH AND HUMAN SERVICES, THE ARTS, FAITH-BASED ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, THE ENVIRONMENT, ANIMAL WELL-BEING, YOUTH PROGRAMS, ELDER CARE, HISTORIC PRESERVATION, AND OTHER COMMUNITY CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Y Day President & CEO | Officer | 50 | $168,527 |
Gail M Fitzgerald Chief Financial Officer | Officer | 50 | $131,368 |
Laura Mccullough Director Philanthropic Ser | 50 | $122,597 | |
Alejandro Canadas Second Vice Chairman | OfficerTrustee | 1 | $0 |
James Summers Treasurer | OfficerTrustee | 1 | $0 |
Veronica D Lowe Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,466,029 |
| Investment income | $4,263,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,713,628 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,443,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,006,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $369,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,238 |
| Pension plan accruals and contributions | $20,965 |
| Other employee benefits | $72,007 |
| Payroll taxes | $70,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $629,051 |
| Fees for services: Other | $6,877 |
| Advertising and promotion | $28,679 |
| Office expenses | $55,653 |
| Information technology | $111,932 |
| Royalties | $0 |
| Occupancy | $82,736 |
| Travel | $5,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,286 |
| Insurance | $12,755 |
| All other expenses | $0 |
| Total functional expenses | $9,948,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,749,448 |
| Pledges and grants receivable | $362,103 |
| 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 | $87,835 |
| Investments—publicly traded securities | $127,172,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,770,346 |
| Total assets | $137,281,850 |
| Accounts payable and accrued expenses | $2,295,622 |
| Grants payable | $0 |
| 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 | $9,916,564 |
| Total liabilities | $12,212,186 |
| 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 | $125,069,664 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Frederick County Maryland Incorporated has awarded $5,851,148 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
Frederick, MD PURPOSE: GOOD SAMARITAN, EMERGENCY SERVICES, HURWITZ BREAST CANCER FUND, YOUTH APPRENTICESHIP PROGRAM, LUNCHES FOR STAFF DURING COVID, UNRESTRICTED | $1,872,023 |
HOWARD CHAPEL RIDGEVILLE UNITED METHODIST CHURCH PURPOSE: CHURCH PROGRAMS | $292,059 |
Braddock Heights, MD PURPOSE: UNRESTRICTED | $253,036 |
FREDERICK COUNTY MD GOVERNMENT PURPOSE: SWIMMING, SUMMER AND/OR SOCCER PROGRAMS FOR LOW-INCOME HOUSEHOLDS, MIDDLETOWN PARK PAVILION, DENTAL CARE,MORTGAGE,RENT, UTILITY PAYMENTS , EDUCATIONAL/TRAINING EXPENSES, PLAYGROUND, MATERNAL CHILD HEALTH PROGRAM, COVID-19 TESTING FOR STAFF, MARKETING/EDUCATION FOR FOOD INSECURITY, TUITION REIMBURSEMENTS FOR CAREER ADVANCEMENT PROGRAMS | $241,721 |
Frederick, MD PURPOSE: HOUSING STABILIZATION EXPENSES, HOMELESS SHELTER EXPENSES, HOMELESSNESS PREVENTION FOR WOMEN AND FAMILIES FINANCIAL ASSISTANCE, DENTAL CARE FOR HOMELESS & LOW-INCOME SENIORS, AND UNRESTRICTED | $132,796 |
Frederick, MD PURPOSE: FAITH HOUSE, FOOD COORDINATOR, CHANGED LIFE RECOVERY PROGRAM CASE MANAGER, EDUCATIONAL COSTS FOR CLIENTS, KITCHEN SUPPLIES, FOOD INSECURITY ISSUES, FOOD SHELTER AND REHOUSING PROGRAM, UNRESTRICTED | $127,772 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Foundation Of Frederick County Maryland Incorporated has recieved totaling $150,755.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $103,750 |
William E Cross Foundation Inc Frederick, MD PURPOSE: FOR PROGRAM SERVICES | $17,000 |
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: OTHER | $10,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Community Foundation Of Washington County Maryland Incorporated Hagerstown, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $11,864,129 |
| Earnings | $1,713,971 |
| Net Contributions | $10,902 |
| Grants | $446,838 |
| Ending Balance | $13,142,164 |
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 |