Harford Community College Foundation Inc

Organization Overview

Harford Community College Foundation Inc is located in Bel Air, MD. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harford 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, Harford Community College Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTS HARFORD COMMUNITY COLLEGE AND THE ADVANCEMENT OF PUBLIC HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO HARFORD COMMUNITY COLLEGE FOR PROGRAM SUPPORT- INCLUDING CULTURAL ACTIVITIES, ATHLETIC AND STUDENT PROGRAMS, FACULTY/STAFF DEVELOPMENT, AND TECHNOLOGY EQUIPMENT.


SCHOLARSHIPS FOR TUITION AND FEES OF SELECTED STUDENTS ATTENDING HARFORD COMMUNITY COLLEGE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$73,040
Related organizations$25,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,006,079
Noncash contributions included in lines 1a–1f $9,749
Total Revenue from Contributions, Gifts, Grants & Similar$1,104,119
Total Program Service Revenue$0
Investment income $286,369
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,326,787
Net Income from Fundraising Events -$13,680
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,704,879

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Harford Community College Foundation Inc has recieved totaling $117,128.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$79,000
The United Way Of Central Maryland Inc

Baltimore, MD

PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS

$25,000
Columbus Foundation

Columbus, OH

PURPOSE: EDUCATION

$10,000
Kleins Shoprite Of Maryland Charitable Fund

Forest Hill, MD

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE.

$2,100
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$500
Economic Alliance Of Greater Baltimore Foundation Inc

Baltimore, MD

PURPOSE: ATHENA LEADERSHIP AWARD BREAKFAST

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,728,391
Earnings$181,151
Net Contributions$1,145,787
Grants$246,713
Ending Balance$13,808,616

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