Maryland Society For Disabled Children And Adults Foundation Inc
- Assets
- $1.0m
- Revenue
- $97.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 08/1951
- Data as of
- 12/2023
- EIN
- 52-0669694
Organization Overview
Maryland Society For Disabled Children And Adults Foundation Inc is located in Frederick, MD. The organization was established in 1951. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Maryland Society For Disabled Children And Adults 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 12/2023, Maryland Society For Disabled Children And Adults Foundation Inc generated $97.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $82.3k during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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 2014, Maryland Society For Disabled Children And Adults Foundation Inc has awarded 63 individual grants totaling $529,432. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Chilton MD President | 1 | $0 | |
Daniel K Tregoning Secretary | 1 | $0 | |
Mark E Rapson CPA Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,339 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,184 |
| Capital Gain Net Income | $9,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $407 |
| Total operating and administrative expenses | $22,254 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $82,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,164 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,159 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,033,282 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,000 |
| Total liabilities | $3,000 |
Grants Awarded
Over the last fiscal year, Maryland Society For Disabled Children And Adults Foundation Inc has awarded $60,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON WELTY PURPOSE: MEDICAL EXPENSES | $10,000 |
FREDERICK RESCUE MISSION PURPOSE: GENERAL PURPOSES | $10,000 |
HOOD COLLEGE PURPOSE: NURSING PROGRAM | $10,000 |
MICHAELA MANGUS PURPOSE: MEDICAL EXPENSES | $15,000 |
SAM CARMACK PURPOSE: MEDICAL EXPENSES | $5,000 |
MISSION OF MERCY PURPOSE: GENERAL PURPOSES | $10,000 |