The Federated Charities Corporation Of Frederick
- Assets
- $1.4m
- Revenue
- $326.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 52-0608003
Organization Overview
The Federated Charities Corporation Of Frederick is located in Frederick, MD. The organization was established in 1994. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Federated Charities Corporation Of Frederick 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 12/2021, Federated Charities Corporation Of Frederick generated $326.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $402.2k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERATED CHARITIES PROVIDES REDUCED-COST OFFICE SPACE AND STRATEGIC SUPPORT TO REGISTERED 501 (C) (3) NONPROFIT ORGANIZATIONS IN FREDERICK. IN 2021, 17 AGENCIES RENTED SPACE IN THE BUILDING, WHICH INCLUDES ACCESS TO FREE MARKETING SPACE AND REDUCED FEES FOR INTERNET AND PRINTING AND COPYING. AN ADDITIONAL 60+ INDIVIDUALS REPRESENTING MORE THAN 30 LOCAL NONPROFITS ATTENDED PROFESSIONAL DEVELOPMENT SESSIONS HOSTED BY FEDERATED CHARITIES AND SEVERAL NONPROFITS REGULARLY USED OUR MEETING AND PULBIC SPACES.
FEDERATED CHARITIES OPERATED SEVERAL COMPASSIONATE COMMUNITY SERVICE OUTREACH PROGRAMS, INCLUDING COMMUNITY TABLE(TEACHES COOKING SKILLS TO LOW-INCOME PARTICIPANTS AND HELPS FACILITATE THE DISTRIBUTION OF MORE THAN 1,800 POUNDS OF FRESH PRODUCE ANNUALLY TO LOCAL FAMILIES), THE RAPID RESPONSE EMERGENCY ASSISTANCE PROGRAM(PROVIDES ONE-TIME EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES), THE MITTEN PROJECT AND POWER OF CHANGE PROJECTS(ENGAGES THE LARGER COMMUNITY IN SMALL ACTS OF GIVING BACK).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elin Ross Executive Director | 40 | $59,676 | |
Kelly Lynch Vice-President/treasurer | 4 | $0 | |
Kate Layman President | 4 | $0 | |
Ashley Goldsborough Immediate Past President | 4 | $0 | |
Tiana Massaquoi Director | 1 | $0 | |
Brandon Thompson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,190 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $201,536 |
| Total Revenue | $326,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,676 |
| Other employee salaries and wages | $13,951 |
| Pension plans, employee benefits | $2,156 |
| Interest | $8,151 |
| Taxes | $12,007 |
| Depreciation | $59,965 |
| Occupancy | $23,403 |
| Travel, conferences, and meetings | $2,444 |
| Printing and publications | $0 |
| Other expenses | $190,541 |
| Total operating and administrative expenses | $384,494 |
| Contributions, gifts, grants paid | $17,686 |
| Total expenses and disbursements | $402,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,085 |
| Savings and temporary cash investments | $48,434 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $353 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,181 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,357,787 |
| Other assets | $0 |
| Total assets | $1,440,840 |
| Accounts payable and accrued expenses | $4,434 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $203,843 |
| Other liabilities | $11,887 |
| Total liabilities | $220,164 |
Grants Awarded
Over the last fiscal year, The Federated Charities Corporation Of Frederick has awarded $3,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERS IN CARE PURPOSE: CONTRIBUTION UNDER FISCAL SPONSORSHIP AGREEMENT | $1,500 |
MISSION OF MERCY PURPOSE: CONTRIBUTION UNDER FISCAL SPONSORSHIP AGREEMENT | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Federated Charities Corporation Of Frederick has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Downtown Frederick Partnership Inc Frederick, MD PURPOSE: FUNDS USED TO MAKE CAPITAL IMPROVEMENTS TO THE EXTERIOR FACADES OF BUILDINGS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Satell Institute King Of Prussia, PA | $13,359,727 | $1,126,245 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jack Miller Center For Teaching Americas Founding Principles And Bala Cynwyd, PA | $14,689,077 | $1,577,352 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Artyard Erwinna, PA | $77,186,190 | $24,985,342 |