Bfg Community Foundation Inc
- Assets
- $502.2k
- Revenue
- $430.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Towson, MD
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 37-1781494
Organization Overview
Bfg Community Foundation Inc is located in Towson, MD. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Bfg Community Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bfg 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 12/2022, Bfg Community Foundation Inc generated $430.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $304.4k during the year ending 12/2022. While expenses have increased by 11.3% 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.
Since 2016, Bfg Community Foundation Inc has awarded 34 individual grants totaling $390,550. 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
THE MISSION OF THE CORPORATION IS TO EFFECT A POSITIVE AND DETERMINED IMPACT IN OUR LOCAL COMMUNITY IN THE AREAS OF SHELTERING THE HOMELESS, FEEDING AND CLOTHING FAMILIES, SUPPORTING THE EDUCATIONAL NEEDS OF OUR COMMUNITY YOUTH AND SUPPORTING THOSE WHO PROTECT OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE COMMUNITY IMPROVEMENT BY PROVIDING SHELTER FOR THE HOMELESS, PROVIDING FOOD AND CLOTHING FOR FAMILIES IN NEED, SUPPORTING THE EDUCATIONAL NEEDS OF THE COMMUNITY YOUTH AND SUPPORTING THOSE WHO PROTECT OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O Brooks President/chairman/directo | OfficerTrustee | 10 | $0 |
Karen Brooks Vice President/director | OfficerTrustee | 5 | $0 |
Paul Brooks Vice President/director | OfficerTrustee | 1 | $0 |
Henry A Grandizio Director | Trustee | 1 | $0 |
Craig Creamer Director | Trustee | 1 | $0 |
Craig Hayward Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,070 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,037 |
| Noncash contributions included in lines 1a–1f | $19,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,107 |
| Total Program Service Revenue | $0 |
| Investment income | $5,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $101,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,103 |
| 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 | $98,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,570 |
| Payroll taxes | $7,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $784 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $204 |
| Fees for services: Other | $200 |
| Advertising and promotion | $0 |
| Office expenses | $16,522 |
| Information technology | $3,223 |
| 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 | $10,660 |
| Insurance | $6,389 |
| All other expenses | $0 |
| Total functional expenses | $304,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,086 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $15,148 |
| Net Land, buildings, and equipment | $9,095 |
| Investments—publicly traded securities | $246,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,169 |
| Accounts payable and accrued expenses | $14,085 |
| 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 | $14,085 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $488,084 |
| Total liabilities and net assets/fund balances | $502,169 |
Grants Awarded
Over the last fiscal year, Bfg Community Foundation Inc has awarded $69,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SAFE AND SOUND SCHOOLS PURPOSE: TO FUND "SAFE AND SOUND MD INITIATIVE"TO FUND SAFE AND SOUND INSTITUTE | $20,000 |
SAFE-ALTERNATIVE FOUNDATION FOR EDUCATION INC PURPOSE: AFTER SCHOOL AND EDUCATIONAL PROGRAMS FOR CITY YOUTH | $20,000 |
TOUCHING YOUNG LIVES INC PURPOSE: TO FUND TOUCHING YOUNG LIVES, INC. | $5,000 |
MENTORING MENTORS INC PURPOSE: TO FUND MENTORING MENTORS INC. | $7,750 |
THE AGOGE PROJECT PURPOSE: TO FOCUS ON USING BOXING AND MARTIAL ARTS AS A VEHICLE TO CULTIVATE SELF-EMPOWERMENT, DISCIPLINE, ACADEMIC EXCELLENCE, AND A SENSE OF COMMUNITY IN OUR YOUTH. | $5,500 |
THE RED DEVILS INC PURPOSE: TO FUND SERVICES THAT IMPROVE THE QUALITY OF LIFE FOR BREAST CANCER PATIENTS AND THEIR FAMILIES. | $5,750 |