Secu Md Foundation Inc
- Assets
- $279.6k
- Revenue
- $395.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Linthicum, MD
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-1896987
Organization Overview
Secu Md Foundation Inc is located in Linthicum, MD. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Secu MD 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECU MD FOUNDATION'S MISSION IS TO CREATE A STRONGER MARYLAND BY EMPOWERING ACCESS TO EDUCATION, SUPPORTING HEALTH AND WELLNESS AND SERVING AS A CATALYST FOR COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP SUPPORT EDUCATION, HEALTH AND COMMUNITY DEVELOPMENT INITIATIVES ACROSS THE STATE, THE SECU MD FOUNDATION PROVIDED GRANTS THROUGHOUT 2021 TO MEMBERS AND LOCAL NON-PROFITS. THE GRANTS ALSO PROVIDED LOCAL SCHOOL SYSTEMS AND THEIR EDUCATION FOUNDATIONS WITH TECHNOLOGY, SCHOOL SUPPLIES, MEALS FOR STUDENTS, AND VIRTUAL LEARNING NEEDS AND BENEFITTED LOCAL NON-PROFITS THAT STEPPED INTO OVERDRIVE TO SUPPORT PEOPLE IN OUR COMMUNITIES DURING THE PANDEMIC.
PROVIDE SCHOLARSHIPS TO INDIVIDUALS TO DEFRAY TUITION COST FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Arbaugh Evp Cfo/ Treasurer | OfficerTrustee | 1 | $0 |
Becky Smith Chief Marketing Officer/pr | OfficerTrustee | 1 | $0 |
Kevin Kesecker Evp Chief Admin Officer/se | OfficerTrustee | 1 | $0 |
Rod Flowers Evp Chief People Officer/d | Trustee | 1 | $0 |
Michele Moore SVP Retail Banking/directo | Trustee | 1 | $0 |
Toby Smith SVP Lending | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $268,664 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,313 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,937 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $123,506 |
| Grants and other assistance to domestic individuals. | $112,000 |
| 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 | $22,181 |
| 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 | $11,399 |
| Advertising and promotion | $0 |
| Office expenses | $292 |
| Information technology | $11,150 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,127 |
| All other expenses | $996 |
| Total functional expenses | $282,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,300 |
| 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 | $10,719 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,600 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $279,600 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $279,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Secu Md Foundation Inc has recieved totaling $268,965.
| Awarding Organization | Amount |
|---|---|
State Employees Credit Union Of Maryland Inc Linthicum, MD PURPOSE: OPERATING AND SCHOLARSHIP PROGRAM SUPPORT | $268,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |