St Marys College Of Maryland Foundation Inc
- Assets
- $50.8m
- Revenue
- $5.0m
- Investments
- $8.2m
- Employees
- 0
- Location
- St Marys City, MD
- Founding
- 05/1972
- Data as of
- 06/2021
- EIN
- 23-7152890
Organization Overview
St Marys College Of Maryland Foundation Inc, operating under the name Smcm Foundation, is located in St Marys City, MD. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Smcm Foundation 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 06/2021, Smcm Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 PROVIDE FINANCIAL SUPPORT TO THE STUDENTS, FACULTY, AND STAFF OF ST. MARY'S COLLEGE OF MARYLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND AWARDS SUPPORT- PROVIDE SCHOLARSHIP AND INTERNSHIP SUPPORT, AWARDS AND RESEARCH STIPENDS TO STUDENTS OF ST. MARY'S COLLEGE OF MARYLAND. IN FY21, 347 SCHOLARSHIPS FROM 85 FUNDS WERE AWARDED. THERE WERE 138 AWARDS GIVEN TO STUDENTS, MANY AT THE VIRTUAL AWARDS CONVOCATION HONORING OUTSTANDING STUDENT ACHIEVEMENTS. 14 STUDENTS WERE PROVIDED SUPPORT TO ENABLE THEM TO COMPLETE AN INTERNSHIP, WHICH PROVIDES AN EXCELLENT SETTING FOR PROFESSIONAL DEVELOPMENT, WORKPLACE DISCIPLINE, SUBJECT SPECIFIC JOB EXPERIENCE AND NETWORKING OPPORTUNITIES. 4 STUDENTS WERE AWARDED STIPENDS TO HELP WITH UNDERGRADUATE RESEARCH PROJECTS.
COLLEGE DEPARTMENT / DIVISION SUPPORT - PROGRAM AND DEPARTMENT SUPPORT, INCLUDING FACULTY INITIATIVES, LECTURE SERIES, CONFERENCE REGISTRATION FEES, TRAVEL SUPPORT, RESEARCH, MEETING SUPPLIES AND REFRESHMENTS, EQUIPMENT, PRESENTATIONS, AND FILM SCREENINGS. PROGRAMS AND DEPARTMENTS SUPPORTED INCLUDE LIBRARY, EDUCATIONAL STUDIES, MUSIC, THE SCIENCES, CAREER SERVICES, COMPUTER STUDIES, AND MATHEMATICS. ALSO, PROVIDE SUPPLEMENTARY FUNDING FOR THE ATHLETICS DEPARTMENT AND ATHLETIC TEAMS OF ST. MARY'S COLLEGE OF MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Green President | OfficerTrustee | 5 | $0 |
Paul Schultheis Vice President | OfficerTrustee | 1 | $0 |
Christopher Holt Treasurer | OfficerTrustee | 1 | $0 |
Susan Paul Secretary | OfficerTrustee | 0.5 | $0 |
Jacqueline Wright Director Of Foundation Fin | Officer | 40 | $0 |
Carolyn Curry Executive Director | Officer | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,318,201 |
| Investment income | $996,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,712,698 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,036,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,198,423 |
| 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 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 | $0 |
| Fees for services: Legal | $8,851 |
| Fees for services: Accounting | $36,297 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $158,500 |
| Fees for services: Investment Management | $160,999 |
| Fees for services: Other | $74,715 |
| Advertising and promotion | $0 |
| Office expenses | $36,851 |
| Information technology | $22,567 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,753 |
| All other expenses | $0 |
| Total functional expenses | $2,889,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,967,525 |
| Pledges and grants receivable | $870,768 |
| Accounts receivable, net | $77,513 |
| 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 | $63,254 |
| Investments—publicly traded securities | $39,104,487 |
| Investments—other securities | $8,240,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $454,651 |
| Total assets | $50,780,195 |
| Accounts payable and accrued expenses | $245,009 |
| 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 | $735,144 |
| Total liabilities | $980,153 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $49,800,042 |
Grants Awarded
Over the last fiscal year, St Marys College Of Maryland Foundation Inc has awarded $1,261,630 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S COLLEGE OF MARYLAND PURPOSE: LIBRARY, ACADEMIC CHAIR SUPPORT, PROGRAM SUPPORT | $1,255,630 |
Mechanicsville, MD PURPOSE: GENERAL OPERATIONS AND PROGRAM SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that St Marys College Of Maryland Foundation Inc has recieved totaling $572,918.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $200,000 |
Sherman Fairchild Foundation Inc Chevy Chase, MD PURPOSE: SEP PHASE XV | $124,583 |
William E Seale Family Foundation Annapolis, MD PURPOSE: SUPPORT 501(C)(3) ORGANIZATION. | $100,000 |
Patuxent Partnership Inc Lexington Park, MD PURPOSE: WORKFORCE/ACADEMIA | $60,000 |
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $40,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $11,000 |
Endowment Analysis
| Beg. Balance | $32,733,677 |
| Earnings | $8,271,676 |
| Admin Expense | $468,138 |
| Net Contributions | $1,087,356 |
| Other Expense | $596,676 |
| Grants | $780,909 |
| Ending Balance | $40,246,986 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
St Coletta Special Education Charter School Washington, DC | $5,593,916 | $18,247,797 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Virginia Commonwealth University Foundation Richmond, VA | $117,210,353 | $9,637,107 |
University Of Virginia Healt Foundation Charlottesville, VA | $89,840,390 | $9,560,297 |
St Catherines School Foundation Richmond, VA | $65,797,019 | $8,901,214 |
Eastern Virginia Medical School Foundation Norfolk, VA | $165,919,612 | $19,028,464 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |