Community Foundation Of Frederick County Maryland Incorporated is located in Frederick, MD. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of Frederick County Maryland Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Frederick County Maryland Incorporated 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, Community Foundation Of Frederick County Maryland Incorporated generated $29.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $12.4m during the year ending 06/2022. While expenses have increased by 7.5% 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.
Since 2015, Community Foundation Of Frederick County Maryland Incorporated has awarded 961 individual grants totaling $42,394,873. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GENEROUS DONORS CREATE POSITIVE IMPACT IN THE LIVES OF FREDERICK COUNTY CITIZENS THROUGH GRANTS AND SCHOLARSHIPS. IN FY2022, GRANTS TOTALING $6,792,004 BENEFITED MANY NONPROFITS SERVING THE COMMUNITY, SUPPORTING THEIR CRITICAL PROGRAMS AND PROVIDING SERVICES TO THOUSANDS OF RESIDENTS. SCHOLARSHIPS FOR POST-SECONDARY STUDY (INCLUDING CAREER TRAINING) TOTALING $2,558,114 WERE AWARDED TO 514 STUDENTS. AS A RESULT, THE WELL-BEING, GROWTH, AND SUCCESS OF FREDERICK COUNTY CITZENS AND OUR COMMUNITY -AT-LARGE WERE IMPROVED, AND COMMUNITY MEMBERS WERE MOTIVATED TO PARTICIPATE IN COMMUNITY FOUNDATION INITIATIVES.
Describe the Organization's Program Activity:
STRATEGIC INITIATIVE GRANTS - THE COMMUNITY FOUNDATION IDENTIFIES COMMUNITY NEEDS THROUGH PERIODIC ASSESSMENTS AND, BASED UPON THESE FINDINGS, DETERMINES STRATEGIC PRIORITIES FOR ITS DISCRETIONARY GRANTMAKING. QUALIFIED 501C3 ORGANIZATIONS AND GOVERNMENT/QUASI-GOVERNMENT ENTITIES APPLYING FOR FUNDING PROGRAMS NOT NORMALLY PROVIDED THROUGH TAX REVENUE MAY APPLY FOR STRATEGIC FUNDING. APPLICANTS PARTICIPATE IN A RIGOROUS REVIEW PROCESS CONDUCTED BY THE COMMUNITY FOUNDATION'S VOLUNTEER GRANTS COMMITTEE. APPLICANTS MUST BE IN GOOD STANDING WITH ALL STATE AND FEDERAL REGISTRATIONS, AND MUST PROVIDE DESCRIPTIONS OF THEIR PROGRAMS, UNITS OF SERVICE, EXPECTED OUTCOMES, AND DETAILED FINANCIAL INFORMATION. REQUIRED REPORTS ENSURE ACCOUNTABILITY.
SCHOLARSHIPS-THE COMMUNITY FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF SCHOLARSHIPS IN FREDERICK COUNTY, AND ADMINISTERS THE TRUMPOWER SCHOLARSHIPS FOR CARROLL COUNTY RESIDENTS. SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS PURSUING EDUCATION PAST HIGH SCHOOL, INCLUDING TWO AND FOUR-YEAR COLLEGES AND UNIVERSITIES, TRADE AND TECHNICAL SCHOOLS, MASTERS AND DOCTORAL PROGRAMS, AND CERTIFICATIONS. STUDENTS MAY APPLY FOR SCHOLARSHIPS DURING ANY YEAR OF THEIR ACADEMIC CAREERS, INCLUDING NON-TRADITIONAL STUDENTS WHO DID NOT BEGIN THEIR POST-SECONDARY STUDIES IMMEDIATELY FOLLOWING HIGH SCHOOL. THE COMMUNITY FOUNDATION'S VOLUNTEER SCHOLARSHIP COMMITTEE REVIEWS ALL APPLICATIONS AND SELECTS RECIPIENTS THAT BEST MATCH THE CRITERIA SET FORTH BY THE DONOR WHEN THE SCHOLARSHIP FUND WAS ESTABLISHED. SCHOLARSHIPS ARE AVAILABLE FOR ALMOST ANY AREA OF STUDY, SOME DO NOT CONSIDER FINANCIAL NEED AS CRITERIA, AND SOME ARE RENEWABLE FOR ONE OR MORE YEARS. ADDITIONALLY, SOME SCHOLARSHIPS ARE OFFERED FOR STUDENTS AGES 6 TO 17 FOR MUSIC, INSTRUMENTAL, DANCE AND VOCAL INSTRUCTION AND SOME ARE OFFERED FOR YOUTH AGES 11 TO 18 FOR ATHLETIC PROGRAMS.
IMPACT GRANTS - THE COMMUNITY FOUNDATION ADMINISTERS GRANTS FROM FIELD OF INTEREST, DONOR-ADVISED AND DESIGNATED FUNDS ESTABLISHED BY DONORS WHO WANT TO CREATE IMPACT AND SUPPORT THEIR FAVORITE CAUSES. FIELD OF INTEREST FUND FOUNDERS SPECIFY GENERAL AREAS FOR THE COMMUNITY FOUNDATION TO DIRECT ITS GRANTMAKING, BUT NOT SPECIFIC NONPROFITS. DONOR-ADVISED FUND FOUNDERS RECOMMEND GRANTS FROM THEIR FUNDS, WITH THE COMMUNITY FOUNDATION BOARD OF TRUSTEES HAVING FINAL APPROVAL. GRANTS FROM DESIGNATED FUNDS SUPPORT THE COMMUNITY CAUSES IDENTIFIED IN THE AGREEMENT EXECUTED WHEN THE DONOR ESTABLISHED THE FUND WITH THE COMMUNITY FOUNDATION. ALL GRANTEES MUST BE IN GOOD STANDING WITH ALL STATE AND FEDERAL REGISTRATIONS AND SOME MUST PROVIDE DESCRIPTIONS OF THE IMPACT OF THEIR PROGRAMS AND REPORTS TO ENSURE ACCOUNTABILITY. GRANTS SUPPORT HEALTH AND HUMAN SERVICES, THE ARTS, FAITH-BASED ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, THE ENVIRONMENT, ANIMAL WELL-BEING, YOUTH PROGRAMS, ELDER CARE, HISTORIC PRESERVATION, AND OTHER COMMUNITY CAUSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ashleigh Kiggans Trustee | Trustee | 1 | $0 |
Beatrice Reaver Second Vice President | OfficerTrustee | 1 | $0 |
Carlos Arze Trustee | Trustee | 1 | $0 |
Daniel Schiffman Trustee | Trustee | 1 | $0 |
Darryn Naylin Trustee | Trustee | 1 | $0 |
Detric Kemp Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $296,567 |
All other contributions, gifts, grants, and similar amounts not included above | $17,000,633 |
Noncash contributions included in lines 1a–1f | $594,916 |
Total Revenue from Contributions, Gifts, Grants & Similar | $17,297,200 |
Total Program Service Revenue | $0 |
Investment income | $4,677,463 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $7,760,992 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $29,735,655 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $6,792,004 |
Grants and other assistance to domestic individuals. | $2,558,114 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $440,927 |
Compensation of current officers, directors, key employees. | $231,810 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $908,930 |
Pension plan accruals and contributions | $23,911 |
Other employee benefits | $73,494 |
Payroll taxes | $93,081 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,634 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $895,495 |
Fees for services: Other | $27,939 |
Advertising and promotion | $26,983 |
Office expenses | $69,618 |
Information technology | $116,838 |
Royalties | $0 |
Occupancy | $79,726 |
Travel | $3,276 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,173 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $30,980 |
Insurance | $18,433 |
All other expenses | $15,225 |
Total functional expenses | $12,393,922 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $928,519 |
Pledges and grants receivable | $181,127 |
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 | $87,100 |
Net Land, buildings, and equipment | $128,694 |
Investments—publicly traded securities | $140,237,938 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,771,193 |
Total assets | $156,334,571 |
Accounts payable and accrued expenses | $322,825 |
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 | $10,557,176 |
Total liabilities | $10,880,001 |
Net assets without donor restrictions | $121,594,275 |
Net assets with donor restrictions | $23,860,295 |
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 | $156,334,571 |
Over the last fiscal year, Community Foundation Of Frederick County Maryland Incorporated has awarded $7,169,877 in support to 130 organizations.
Grant Recipient | Amount |
---|---|
A MOTHER'S REST CHARITABLE RESPITE FOUNDATION PURPOSE: CAREGIVER RESPITE INN, THE TERRACE GUEST HOUSE | $17,557 |
AAVANEE PURPOSE: WORKFORCE TRAINING AND PLACEMENT FOR ALICE HOUSEHOLDS | $20,000 |
ADVENTIST HEALTH CARE INC PURPOSE: SHADY GROVE HOSPITAL UNRESTRICTED | $38,701 |
ADVOCATES FOR HOMELESS FAMILIES INC PURPOSE: CASE MGR, TRANSPORTATION, CHILDCARE ASSIST, EMERGENCY FINANCIAL ASSIST, AFTER-SCHOOL AND SUMMER ACTIVITIES, RENT & UTILITIES, UNRESTRICTED | $69,301 |
ADVOCATES FOR THE AGING OF FREDERICK COUNTY MD INC PURPOSE: SERVICE COORDINATION MODEL FOR LOW-INCOME SENIORS IN SINGLE-UNIT HOUSING, PROGRAMS TO HELP SENIORS AGE IN PLACE, GRAB BAR PROGRAM, UNRESTRICTED | $48,365 |
ALL SAINTS EPISCOPAL CHURCH PURPOSE: BUILDING MAINTENANCE AND CAPITAL IMPROVEMENTS, UNRESTRICTED | $38,668 |