Fsk Land Corporation
- Assets
- $75.4m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 52-1346470
Organization Overview
Fsk Land Corporation is located in Baltimore, MD. The organization was established in 1994. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Fsk Land Corporation generated $18.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $15.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION HOLDS TITLE TO PROPERTY AND REMITS NET INCOME TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FSK LAND CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF INCOME (LESS EXPENSES) TO ITS MEMBERS, THE JOHNS HOPKINS UNIVERSITY (JHU) AND JOHNS HOPKINS HEALTH SYSTEM CORPORATION (JHHS). JHU AND JHHS ARE IRC SECTION 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Broadway Services Inc Security, Janitorial, & Prop. Mgt. Svcs. | 6/29/21 | $5,467,948 |
Transwestern Property Management & Related Services | 6/29/21 | $513,204 |
Whitman Requardt Engineering, Architectural, Construction Management And Environmental Services | 6/29/21 | $336,822 |
Aramark Corporation Food Services | 6/29/21 | $144,315 |
Ariosa & Company Llc Hvac Plumbing And Construction Services | 6/29/21 | $143,516 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,448,256 |
| Investment income | $7,217 |
| 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 | $18,455,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $230,388 |
| Fees for services: Legal | $19,500 |
| Fees for services: Accounting | $144,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,149,292 |
| Advertising and promotion | $0 |
| Office expenses | $56,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,888,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,640,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,565,731 |
| Insurance | $0 |
| All other expenses | $663,361 |
| Total functional expenses | $15,155,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,797,345 |
| Savings and temporary cash investments | $0 |
| 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 | $554,274 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,787,198 |
| Net Land, buildings, and equipment | $45,450,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850,759 |
| Total assets | $75,439,989 |
| Accounts payable and accrued expenses | $1,063,196 |
| Grants payable | $0 |
| Deferred revenue | $338,062 |
| 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 | $4,196,618 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,194,407 |
| Total liabilities | $39,792,283 |
| Net assets without donor restrictions | $35,647,706 |
| 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 | $75,439,989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fsk Land Corporation Baltimore, MD | $75,439,989 | $18,455,473 |
Sunrise Movement Education Fund Washington, DC | $14,145,875 | $14,675,675 |
American Lumber Standard Committee Incorporated Frederick, MD | $5,041,077 | $3,457,193 |
Oo Project Washington, DC | $1,716,032 | $2,139,622 |
National Association For Enviromental Management Washington, DC | $1,112,380 | $1,941,017 |
Gorail Washington, DC | $177,793 | $1,824,136 |
Voices For A Sustainable Future Inc Takoma Park, MD | $1,617,346 | $2,207,079 |
Chesapeake Legal Alliance Inc Annapolis, MD | $1,641,054 | $636,034 |
Coastal States Organization Inc Washington, DC | $1,231,713 | $1,024,992 |
Gettysburg Nature Alliance Gettysburg, PA | $1,606,711 | $1,429,638 |
Pennsylvania Wilds Center For Entrepreneurship Kane, PA | $1,359,565 | $922,437 |
Pennenvironment Inc Philadelphia, PA | $5,502,318 | $1,268,098 |