Fort Meade Alliance Foundation
- Assets
- $1.2m
- Revenue
- $2.5m
- Investments
- $25.0k
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 45-3008961
Organization Overview
Fort Meade Alliance Foundation is located in Hanover, MD. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Meade Alliance 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 06/2022, Fort Meade Alliance Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.0% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 65.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FORT MEADE ALLIANCE FOUNDATION AS A 501(C)3 NONPROFIT ORGANIZATION IS TO CATALYZE PHILANTHROPY IN SUPPORT OF THE FORT MEADE INSTALLATION, MILITARY PERSONNEL AND THEIR FAMILIES, AND THE BROADER FORT MEADE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ENCOURAGE AND MEET THE CHARITABLE GIVING NEEDS IN THE FORT MEADE REGION, INCLUDING THE ADVANCEMENT OF SCIENCE, TECHNOLOGY, ENGINEERING, MATH, LANGUAGE AND INFORMATION TECHNOLOGY THROUGH EDUCATION-ORIENTED PROGRAMS, INITIATIVES AND SCHOLARHIPS FOR DESERVING HIGH SCHOOL AND COLLEGE STUDENTS PLANNING TO PURSUE RELATED STUDIES AND CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deon Viergutz President | OfficerTrustee | 1 | $0 |
Steve Tiller Director | Trustee | 1 | $0 |
Ed Rothstein Director | Trustee | 1 | $0 |
Jay Baldwin Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Rendon-Sherman Director | Trustee | 1 | $0 |
Linda Greene Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,430,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,645,702 |
| Total Program Service Revenue | $0 |
| Investment income | $931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$120,072 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,526,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,600 |
| 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 | $77,496 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,817 |
| Office expenses | $5,715 |
| Information technology | $1,978 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $540 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $520 |
| Total functional expenses | $3,061,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,189 |
| Savings and temporary cash investments | $259,274 |
| Pledges and grants receivable | $708,050 |
| Accounts receivable, net | $11,500 |
| 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 | $13,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,426 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,166,839 |
| Accounts payable and accrued expenses | $331,793 |
| 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 | $2,336 |
| Total liabilities | $334,129 |
| Net assets without donor restrictions | $608,735 |
| Net assets with donor restrictions | $223,975 |
| 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 | $1,166,839 |