Howard Community College Educational Foundation Inc

Organization Overview

Howard Community College Educational Foundation Inc is located in Columbia, MD. The organization was established in 1983. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Howard Community College Educational 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, Howard Community College Educational Foundation Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. SEE SCHEDULE O.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH YEAR THE FOUNDATION FUNDS PROGRAMS FOR THE BENEFIT OF HOWARD COMMUNITY COLLEGE AND ITS FACULTY AND STUDENTS.


EACH YEAR THE FOUNDATION FUNDS SCHOLARSHIPS AWARDED BY HOWARD COMMUNITY COLLEGE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$419,466
Related organizations$0
Government grants $46,944
All other contributions, gifts, grants, and similar amounts not included above$2,463,983
Noncash contributions included in lines 1a–1f $106,535
Total Revenue from Contributions, Gifts, Grants & Similar$2,930,393
Total Program Service Revenue$0
Investment income $343,345
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $461,928
Net Income from Fundraising Events -$33,387
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,702,279

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Howard Community College Educational Foundation Inc has recieved totaling $465,004.

Awarding OrganizationAmount
Kahlert Foundation Inc

Sykesville, MD

PURPOSE: TO FUND THE KAHLERT FOUNDATION SCHOLARSHIP AND PROGRAM FUND

$125,000
The Community Foundation Of Howard County Inc

Columbia, MD

PURPOSE: COMMUNITY GRANT

$116,200
Dunahoo Family Foundation Inc

Millersville, MD

PURPOSE: CHARITABLE

$100,000
The Community Foundation Of Howard County Inc

Columbia, MD

PURPOSE: COMMUNITY GRANT

$36,750
$21,000
International Association Of Lions Clubs

Laurel, MD

PURPOSE: Scholarships

$18,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,346,111
Earnings-$1,899,049
Net Contributions$269,498
Other Expense$799,893
Ending Balance$11,916,667

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