Mid-Shore Community Foundation Inc
- Assets
- $114.4m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Easton, MD
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 52-1782373
Organization Overview
Mid-Shore Community Foundation Inc is located in Easton, MD. The organization was established in 1992. 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, Mid-Shore Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Shore Community 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, Mid-Shore Community Foundation Inc generated $16.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mid-Shore Community Foundation Inc has awarded 605 individual grants totaling $16,665,123. 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
THE FOUNDATION PROVIDES GRANTS TO MID-SHORE RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION/YOUTH DEVELOPMENT - COLLEGE SCHOLARSHIPS FOR NEEDY AND DESERVING STUDENTS. ALSO SUPPORT FOR MID-SHORE INDEPENDENT SCHOOLS AND PUBLIC LIBRARIES. SUPPORT OF YOUTH SPORTS, ARTS PROGRAMS, SUMMER CAMPS, MENTORING PROGRAMS, SCHOOL FIELD TRIPS AND EXTRACURRICULAR OPPORTUNITIES.
HUMAN SERVICES - SUPPORT OF LOCAL HUMAN SERVICES PROGRAMMING
HEALTH & DISABILITY - SUPPORT OF LOCAL HEALTH AND DISABILITY PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Guerieri Director | Trustee | 1 | $0 |
Joe Anthony Vice Chairman | OfficerTrustee | 1 | $0 |
Harriette Lowery Director | Trustee | 1 | $0 |
Ed Allen Director | Trustee | 1 | $0 |
Greg Meekins Director | Trustee | 1 | $0 |
David Deluca 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 | $11,863,794 |
| Noncash contributions included in lines 1a–1f | $5,646,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,863,794 |
| Total Program Service Revenue | $0 |
| Investment income | $3,185,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$46,769 |
| Net Gain/Loss on Asset Sales | $983,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,043,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,369,509 |
| Grants and other assistance to domestic individuals. | $1,404,323 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $465,207 |
| Pension plan accruals and contributions | $31,278 |
| Other employee benefits | $75,788 |
| Payroll taxes | $35,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $369,802 |
| Fees for services: Other | $129,537 |
| Advertising and promotion | $9,914 |
| Office expenses | $24,813 |
| Information technology | $80,159 |
| Royalties | $0 |
| Occupancy | $60,369 |
| Travel | $1,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,788 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,792 |
| Insurance | $5,394 |
| All other expenses | $0 |
| Total functional expenses | $9,594,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,519 |
| Savings and temporary cash investments | $2,711,115 |
| 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 | $20,954 |
| Net Land, buildings, and equipment | $1,570,602 |
| Investments—publicly traded securities | $102,702,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,411,168 |
| Total assets | $114,429,122 |
| Accounts payable and accrued expenses | $251,759 |
| Grants payable | $3,754,003 |
| 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 | $6,588,627 |
| Total liabilities | $10,594,389 |
| Net assets without donor restrictions | $14,309,579 |
| Net assets with donor restrictions | $89,525,154 |
| 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 | $114,429,122 |
Grants Awarded
Over the last fiscal year, Mid-Shore Community Foundation Inc has awarded $4,529,743 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
AARON'S PLACE INC PURPOSE: PROGRAMS | $9,741 |
ACADEMY ART MUSEUM INC PURPOSE: PROGRAMS | $42,250 |
THE ANIMAL CARE SHELTER FOR KENT COUNTY PURPOSE: PROGRAMS/VET CENTER SUPPORT ROOM | $25,200 |
BAAM INC PURPOSE: PROGRAMS | $16,264 |
BAY HUNDRED COMMUNITY VOLUNTEERS INC PURPOSE: PROGRAMS | $8,000 |
CAMBRIDGE ADVENTIST CHURCH PURPOSE: PROGRAMS | $10,000 |