Oakland Heritage Community Foundation Inc
- Assets
- $333.0k
- Revenue
- $79.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, MD
- Founding
- 10/2010
- Data as of
- 06/2023
- EIN
- 27-0512338
Organization Overview
Oakland Heritage Community Foundation Inc is located in Oakland, MD. The organization was established in 2010. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland Heritage Community 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 06/2023, Oakland Heritage Community Foundation Inc generated $79.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $70.7k during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRESERVATION OF CULTURALLY SIGNIFICANT AND HISTORIC BUILDINGS, FIXTURES AND HERITAGE OF THE COMMUNITY. THE ORGANIZATION STRIVES TO EDUCATE THE PUBLIC AND PROMOTE THE INTEREST IN THE PRESERVATION AND REJUVENATION OF THE DOWNTOWN AREA WITH SEMINARS, MEETINGS,EXHIBITS, AND SPECIAL EVENTS AND BROCHURES.
Describe the Organization's Program Activity:
MAIN STREET PROGRAMS INCLUDING WINTERFEST, SUMMER EVENTS, LITTLE YOUGH MUSICAL FESTIVAL, POCKET PARK MOVIES, AND CHRISTMAS ON MAIN STREET.
OPERATION OF THE B&O TRAIN STATION - OAKLAND STATION.
BUSINESS INCENTIVE REVOLVING LOAN PROGRAM - NO INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Harvey Member | Trustee | 0 | $0 |
Margaret Peggy Jamison President | Officer | 0 | $0 |
Kathy Shaffer Vice President | Officer | 0 | $0 |
Randy Bittinger Treasurer | Officer | 0 | $0 |
Gwen Evans Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $595 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,993 |
| Total Program Service Revenue | $31,976 |
| Investment income | $640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,312 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,921 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,019 |
| Office expenses | $2,100 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,861 |
| Insurance | $1,528 |
| All other expenses | $4,825 |
| Total functional expenses | $70,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,802 |
| Savings and temporary cash investments | $26,343 |
| Pledges and grants receivable | $0 |
| 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 | $1,328 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $174,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $633 |
| Total assets | $333,035 |
| Accounts payable and accrued expenses | $3,649 |
| Grants payable | $0 |
| Deferred revenue | $29,545 |
| 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 | $136 |
| Total liabilities | $33,330 |
| Net assets without donor restrictions | $248,578 |
| Net assets with donor restrictions | $51,127 |
| 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 | $333,035 |
Grants Awarded
Over the last fiscal year, Oakland Heritage Community Foundation Inc has awarded $78,800 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND CENTRAL INC PURPOSE: ASSIST WITH ECONOMIC RECOVERY AS A RESULT OF THE COVID-19 PANDEMIC. FUNDS WERE USED TO MAKE MODIFICATIONS IN ORDER TO COMPLY WITH GOVERNMENT MANDATES, OFFSET PAYROLL COSTS, AND FOR OTHER BUSINESS-RELATED EXPENSES SUCH AS RENT, UTILITIES, AND INVENTORY. THIS GRANT HELPED THE BUSINESS STAY AFLOAT IN ORDER TO BE ABLE TO CONTINUE TO PROVIDE SERVICES TO THE COMMUNITY. | $20,000 |
IR RUDYS INC PURPOSE: ASSIST WITH ECONOMIC RECOVERY AS A RESULT OF THE COVID-19 PANDEMIC. FUNDS WERE USED TO MAKE MODIFICATIONS IN ORDER TO COMPLY WITH GOVERNMENT MANDATES, OFFSET PAYROLL COSTS, AND FOR OTHER BUSINESS-RELATED EXPENSES SUCH AS RENT, UTILITIES, AND INVENTORY. THIS GRANT HELPED THE BUSINESS STAY AFLOAT IN ORDER TO BE ABLE TO CONTINUE TO PROVIDE SERVICES TO THE COMMUNITY. | $14,300 |
GREGG'S PHARMACY INC PURPOSE: ASSIST WITH ECONOMIC RECOVERY AS A RESULT OF THE COVID-19 PANDEMIC. FUNDS WERE USED TO MAKE MODIFICATIONS IN ORDER TO COMPLY WITH GOVERNMENT MANDATES, OFFSET PAYROLL COSTS, AND FOR OTHER BUSINESS-RELATED EXPENSES SUCH AS RENT, UTILITIES, AND INVENTORY. THIS GRANT HELPED THE BUSINESS STAY AFLOAT IN ORDER TO BE ABLE TO CONTINUE TO PROVIDE SERVICES TO THE COMMUNITY. | $16,750 |
NATOX NUPTIALS INC DBA SOUND FUSION ENTERTAINMENT PURPOSE: ASSIST WITH ECONOMIC RECOVERY AS A RESULT OF THE COVID-19 PANDEMIC. FUNDS WERE USED TO MAKE MODIFICATIONS IN ORDER TO COMPLY WITH GOVERNMENT MANDATES, OFFSET PAYROLL COSTS, AND FOR OTHER BUSINESS-RELATED EXPENSES SUCH AS RENT, UTILITIES, AND INVENTORY. THIS GRANT HELPED THE BUSINESS STAY AFLOAT IN ORDER TO BE ABLE TO CONTINUE TO PROVIDE SERVICES TO THE COMMUNITY. | $11,000 |
DREAM DENTAL RHODES PC PURPOSE: ASSIST WITH ECONOMIC RECOVERY AS A RESULT OF THE COVID-19 PANDEMIC. FUNDS WERE USED TO MAKE MODIFICATIONS IN ORDER TO COMPLY WITH GOVERNMENT MANDATES, OFFSET PAYROLL COSTS, AND FOR OTHER BUSINESS-RELATED EXPENSES SUCH AS RENT, UTILITIES, AND INVENTORY. THIS GRANT HELPED THE BUSINESS STAY AFLOAT IN ORDER TO BE ABLE TO CONTINUE TO PROVIDE SERVICES TO THE COMMUNITY. | $16,750 |