Forever Maryland Foundation Inc
- Assets
- $568.0k
- Revenue
- $453.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Forest Hill, MD
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 22-3952845
Organization Overview
Forever Maryland Foundation Inc is located in Forest Hill, MD. The organization was established in 2007. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 06/2022, Forever Maryland Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forever Maryland 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, Forever Maryland Foundation Inc generated $453.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $687.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Forever Maryland Foundation Inc has awarded 12 individual grants totaling $285,254. 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
FOREVER MARYLAND, INC. WAS FOUNDED TO PROMOTE AND ADVANCE LAND CONSERVATION STATEWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREVER MARYLAND IS DEDICATED TO THE CONSERVATION OF OUR STATE'S LAND, WATER, WILDLIFE, AND OTHER NATURAL VALUES - VALUES THAT CAN BE EXPERIENCED AND CHERISHED BY EVERYONE AND WILL SUSTAIN HEALTHY, VIBRANT, AND ECONOMICALLY RESILIENT COMMUNITIES. RACISM, INJUSTICE, AND EXCLUSION MUST NEVER BE FOUND IN OR ADVANTAGED BY OUR WORK. THE PRINCIPLES OF EQUALITY, JUSTICE, AND INCLUSION SHOULD GUIDE US ALL AND WILL BE HONORED BY FOREVER MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Dilks Chair (eff 7/21) | OfficerTrustee | 3.5 | $0 |
Will Cook Vice Chair (eff 9/21) | OfficerTrustee | 3 | $0 |
Adair Stifel Treasurer | OfficerTrustee | 3 | $0 |
John Griffin Secretary | Trustee | 3 | $0 |
Steve Quarles Immediate Past Chair (eff 7/21) | Trustee | 2 | $0 |
Jim Morris Director (til 12/21) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,951 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,593 |
| Statement of Expenses | |
|---|---|
| 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. | $152,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,271 |
| Pension plan accruals and contributions | $1,736 |
| Other employee benefits | $6,741 |
| Payroll taxes | $23,516 |
| Fees for services: Management | $63,960 |
| 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 | $0 |
| Office expenses | $47,249 |
| 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 | $92,403 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,353 |
| All other expenses | $0 |
| Total functional expenses | $687,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,368 |
| Savings and temporary cash investments | $508,931 |
| Pledges and grants receivable | $11,500 |
| 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 | $12,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $567,994 |
| Accounts payable and accrued expenses | $686 |
| 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 | $109,854 |
| Total liabilities | $110,540 |
| Net assets without donor restrictions | $447,454 |
| Net assets with donor restrictions | $10,000 |
| 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 | $457,454 |
Grants Awarded
Over the last fiscal year, Forever Maryland Foundation Inc has awarded $58,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES KOINER CONSERVANCY FOR URBAN FARMING PURPOSE: KEEP MARYLAND BEAUTIFUL GRANT PROGRAM | $10,000 |
STILLMEADOW COMMUNITY PROJECTS INC PURPOSE: B-GREEN COLLABORATIVE PARTNER | $8,000 |
NEIGHBORSPACE OF BALTIMORE COUNTY PURPOSE: B-GREEN COLLABORATIVE PARTNER | $8,000 |
UNIVERSITY OF MD EXTENSION PURPOSE: B-GREEN COLLABORATIVE PARTNER | $8,000 |
PATTERSON PARK AUDUBON CENTER PURPOSE: B-GREEN COLLABORATIVE PARTNER | $8,000 |
THE NEIGHBORHOOD DESIGN CENTER PURPOSE: B-GREEN COLLABORATIVE PARTNER | $8,000 |