Collington Foundation Inc
- Assets
- $7.6m
- Revenue
- $812.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mitchellville, MD
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 52-2011239
Organization Overview
Collington Foundation Inc is located in Mitchellville, MD. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collington 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, Collington Foundation Inc generated $812.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $265.6k during the year ending 12/2021. 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 CHARITABLE ACTIVITIES OF COLLINGTON EPISCOPAL LIFE CARE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES NEEDS-BASED HOUSING AND MEDICARE CARE ASSISTANCE, NEEDS AND MERIT BASED EDUCATIONAL ASSISTANCE TO CELCC'S EMPLOYEES, CULTURALLY ENRICHING MUSIC PROGRAMS SPONSORED FOR THE BENEFIT OF SENIORS, AND EXEMPT-PURPOSE SPECIFIC GRANTS TO THE SUPPORTED ORGANIZATION FOR IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adele Miller Secretary | OfficerTrustee | 2 | $0 |
Bonnie Cronin Chair | OfficerTrustee | 2 | $0 |
Amy Castleberry Treasurer | OfficerTrustee | 2 | $0 |
Courtney Corcoran CFO | Officer | 5 | $0 |
Justin Reaves CFO (left Jan 2021) | Officer | 5 | $0 |
Ann E Gillespie CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,389 |
| Total Program Service Revenue | $0 |
| Investment income | $445,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $812,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,179 |
| Grants and other assistance to domestic individuals. | $173,789 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,680 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110 |
| Office expenses | $7,722 |
| Information technology | $0 |
| 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 | $352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $24,816 |
| Total functional expenses | $265,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,161 |
| Savings and temporary cash investments | $261,411 |
| Pledges and grants receivable | $925 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,939,797 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,027,266 |
| Total assets | $7,614,560 |
| Accounts payable and accrued expenses | $0 |
| 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 | $279,759 |
| Total liabilities | $279,759 |
| Net assets without donor restrictions | -$3,591 |
| Net assets with donor restrictions | $7,338,392 |
| 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 | $7,614,560 |
Grants Awarded
Over the last fiscal year, Collington Foundation Inc has awarded $49,401 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mitchellville, MD PURPOSE: TO SUPPORT RESIDENTS AND CAMPUS INFRASTRUCTURE AT COLLINGTON EPISCOPAL LIFE CARE COMMUNITY, A RELATED 501(C)(3) PUBLIC CHARITY. | $49,401 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Collington Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Frank Family Charitable Foundation Inc Miami, FL PURPOSE: GENERAL OPERATIONS | $25,000 |
Endowment Analysis
| Beg. Balance | $6,580,579 |
| Earnings | $792,803 |
| Net Contributions | $219,389 |
| Other Expense | $84,181 |
| Grants | $173,789 |
| Ending Balance | $7,334,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |