Frederick Community College Foundation Inc
- Assets
- $20.2m
- Revenue
- $2.4m
- Investments
- $19.9m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 02/1982
- Data as of
- 06/2022
- EIN
- 52-1231768
Organization Overview
Frederick Community College Foundation Inc is located in Frederick, MD. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick Community College 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, Frederick Community College Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 3.4% 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
TO PROVIDE SUPPORT TO FREDERICK COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO FREDERICK COMMUNITY COLLEGE STUDENTS.
PROGRAM SUPPORT TO FREDERICK COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Ramsburg Vice Chair | OfficerTrustee | 1 | $0 |
Christopher R Clemons Treasurer | OfficerTrustee | 1 | $0 |
Deborah Powell Fccf Executive Director | Trustee | 1 | $0 |
Tracey Mcpherson Member | Trustee | 0.5 | $0 |
Stephanie Magnus Member | Trustee | 0.5 | $0 |
Jon Holmes Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $697,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,160 |
| Total Program Service Revenue | $0 |
| Investment income | $119,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,575,903 |
| Net Income from Fundraising Events | $40,576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,434,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,910 |
| Grants and other assistance to domestic individuals. | $818,457 |
| 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 | $22,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,791 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,116 |
| Office expenses | $14,618 |
| Information technology | $28,657 |
| Royalties | $0 |
| Occupancy | $11,571 |
| Travel | $258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,656 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,920 |
| All other expenses | $0 |
| Total functional expenses | $1,022,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $276,955 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,856,050 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,965 |
| Total assets | $20,164,970 |
| Accounts payable and accrued expenses | $11,294 |
| Grants payable | $0 |
| Deferred revenue | $20,230 |
| 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 | $113,336 |
| Total liabilities | $144,860 |
| Net assets without donor restrictions | $3,617,783 |
| Net assets with donor restrictions | $16,402,327 |
| 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 | $20,164,970 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Frederick Community College Foundation Inc has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
The George L Shields Foundation Inc Bethesda, MD PURPOSE: FOR PROGRAM SERVICES | $75,000 |
Delaplaine Foundation Inc Frederick, MD PURPOSE: ALLIED HEALTH ACADEMY | $15,000 |
William E Cross Foundation Inc Frederick, MD PURPOSE: FOR PROGRAM SERVICES | $10,000 |
The Ausherman Family Trust Frederick, MD PURPOSE: OPERATIONS SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $14,312,171 |
| Earnings | $239,683 |
| Admin Expense | $70,261 |
| Net Contributions | $108,603 |
| Grants | $327,795 |
| Ending Balance | $14,262,401 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
St Coletta Special Education Charter School Washington, DC | $5,593,916 | $18,247,797 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Virginia Commonwealth University Foundation Richmond, VA | $117,210,353 | $9,637,107 |
University Of Virginia Healt Foundation Charlottesville, VA | $89,840,390 | $9,560,297 |
St Catherines School Foundation Richmond, VA | $65,797,019 | $8,901,214 |
Eastern Virginia Medical School Foundation Norfolk, VA | $165,919,612 | $19,028,464 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |