Coppin State College Development Foundation Inc
- Assets
- $17.6m
- Revenue
- $4.2m
- Investments
- $11.9m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/1971
- Data as of
- 06/2022
- EIN
- 23-7127440
Organization Overview
Coppin State College Development Foundation Inc is located in Baltimore, MD. The organization was established in 1971. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Coppin State College Development 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, Coppin State College Development Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLARSHIPS - TO PROVIDE FINANCIAL SUPPORT FOR STUDENTS ATTENDING COPPIN STATE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAMS THAT SUPPORT THE MISSION OF THE COPPIN STATE UNIVERSITY DEVELOPMENT FOUNDATION.
SCHOLARSHIPS TO PROVIDE FINANCIAL ASSISTANCE TO CSU STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Ritchie ESQ Chairperson | OfficerTrustee | 5 | $0 |
Stephen H Johnson ESQ Secretary | OfficerTrustee | 5 | $0 |
Kisha A Brown ESQ Vice-Chairperson | OfficerTrustee | 5 | $0 |
Olympia Scatliffe CPA Treasurer | OfficerTrustee | 5 | $0 |
Deborah Bragg Trustee | Trustee | 5 | $0 |
Jemal Griffin Trustee | Trustee | 5 | $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 | $3,178,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,178,892 |
| Total Program Service Revenue | $0 |
| Investment income | $1,016,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,237,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $1,148 |
| 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 | $6,357 |
| Fees for services: Other | $238,283 |
| Advertising and promotion | $19,188 |
| Office expenses | $56,635 |
| Information technology | $42,335 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,096 |
| All other expenses | $0 |
| Total functional expenses | $1,195,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,257,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $490,038 |
| Accounts receivable, net | $861,504 |
| 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 | $5,831 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,948,411 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,563,052 |
| Accounts payable and accrued expenses | $71,775 |
| 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 | $64,540 |
| Total liabilities | $136,315 |
| Net assets without donor restrictions | $17,426,737 |
| 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 | $17,563,052 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Coppin State College Development Foundation Inc has recieved totaling $41,106.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $21,000 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $7,454 |
Truth Initiative Foundation Washington, DC PURPOSE: COMMUNITY AND YOUTH ENGAGEMENT GRANTS | $5,877 |
Tom Joyner Foundation Inc Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $5,500 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $1,250 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $25 |
Endowment Analysis
| Beg. Balance | $12,377,130 |
| Earnings | $305,456 |
| Admin Expense | $269,090 |
| Net Contributions | $510,220 |
| Other Expense | $717,732 |
| Ending Balance | $12,205,984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Appalachian Bible College Inc Mount Hope, WV | $12,108,956 | $7,758,516 |
Council For Christian Colleges And Universities Washington, DC | $16,773,733 | $7,764,046 |
Army War College Foundation Incorporated Carlisle, PA | $21,024,371 | $2,863,778 |
Gratz College Melrose Park, PA | $9,581,218 | $4,945,670 |
Virginia Foundation For Independent Colleges Richmond, VA | $30,664,480 | $1,505,101 |