Baltimore City Foundation Inc
- Assets
- $21.8m
- Revenue
- $20.6m
- Investments
- $7.9m
- Employees
- 28
- Location
- Baltimore, MD
- Founding
- 07/1981
- Data as of
- 06/2022
- EIN
- 52-1212473
Organization Overview
Baltimore City Foundation Inc is located in Baltimore, MD. The organization was established in 1981. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Baltimore City Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore City 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 06/2022, Baltimore City Foundation Inc generated $20.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $28.0m during the year ending 06/2022. While expenses have increased by 30.8% 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
LOCAL AREA COMMUNITY WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALTIMORE HEALTH CORPS WAS A FIRST-OF-ITS-KIND MODEL THAT EQUITABLY PROVIDED EMPLOYMENT TO TRUSTED COMMUNITY MEMBERS WHO CONDUCTED CONTACT TRACING AND CARE COORDINATION ACROSS THE CITY. THE INITIATIVE WILL TRAINED AND EMPLOYED OVER 300 RESIDENTS IN A TIME OF RECORD UNEMPLOYMENT, GENERATE LONG-TERM CAREER PATHS, AND AT THE SAME TIME SUPPORTED THE CITY'S PUBLIC HEALTH RESPONSE TO COVID-19.
OTHER PROGRAMS.
THE BALTIMORE CITY DEPARTMENT OF PUBLIC WORKS RESIDENTIAL RECYCLING CART PROGRAM IS A COLLABORATIVE INITIATIVE THAT WILL PROVIDE A RECYCLING CART AT NO COST TO BALTIMORE CITY RESIDENTS.
AN EMERGENCY LIFELINE FOR BALTIMORE NONPROFIT ORGANIZATIONS IMPACTED BY THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Brothers Board Presid | Trustee | $0 | |
Michael Huber Board Member | Trustee | $0 | |
Jason Perkins-Cohen Board Member | Trustee | $0 | |
Henry Raymond Board Member | Trustee | $0 | |
Laurie Schwartz Board Member | Trustee | $0 | |
Alexandra Smith Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,004,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,549,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,554,138 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,554,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,053,537 |
| 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. | $174,096 |
| Compensation of current officers, directors, key employees. | $168,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,550 |
| Payroll taxes | $55,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,149 |
| Fees for services: Accounting | $169,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,419 |
| Fees for services: Other | $7,679,354 |
| Advertising and promotion | $24,163 |
| Office expenses | $190,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,533,944 |
| Travel | $187,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,793 |
| All other expenses | $0 |
| Total functional expenses | $28,023,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,462,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $649,429 |
| 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 | $29,577 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,894,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,725,567 |
| Total assets | $21,761,991 |
| Accounts payable and accrued expenses | $852,201 |
| 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 | $10,621,768 |
| Total liabilities | $11,473,969 |
| Net assets without donor restrictions | $10,288,022 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $21,761,991 |