Mid-Shore Community Foundation Inc
- Assets
- $125.0m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Easton, MD
- Founding
- 08/1992
- Data as of
- 06/2021
- EIN
- 52-1782373
Organization Overview
Mid-Shore Community Foundation Inc is located in Easton, MD. The organization was established in 1992. 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 06/2021, Mid-Shore Community Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Shore Community 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 06/2021, Mid-Shore Community Foundation Inc generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $7.6m during the year ending 06/2021. While expenses have increased by 12.4% per year over the past 6 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 2018, Mid-Shore Community Foundation Inc has awarded 615 individual grants totaling $15,309,729. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES GRANTS TO MID-SHORE RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION/YOUTH DEVELOPMENT - COLLEGE SCHOLARSHIPS FOR NEEDY AND DESERVING STUDENTS. ALSO SUPPORT FOR MID-SHORE INDEPENDENT SCHOOLS AND PUBLIC LIBRARIES. SUPPORT OF YOUTH SPORTS, ARTS PROGRAMS, SUMMER CAMPS, MENTORING PROGRAMS, SCHOOL FIELD TRIPS AND EXTRACURRICULAR OPPORTUNITIES.
HUMAN SERVICES - SUPPORT OF LOCAL HUMAN SERVICES PROGRAMMING
HEALTH & DISABILITY - SUPPORT OF LOCAL HEALTH AND DISABILITY PROGRAMMING
OTHER PROGRAMS INCLUDE ANIMAL RELATED, ARTS/CULTURE, COMMUNITY DEVELOPMENT, DISASTER RELIEF, ENVIRONMENT, AND HISTORIC PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buck Duncan President | Officer | 40 | $158,695 |
W Moorhead Vermilye Chairman | OfficerTrustee | 2 | $0 |
Brett Summers Secretary | OfficerTrustee | 1 | $0 |
David Nagel Treasurer | OfficerTrustee | 1 | $0 |
Alice Ryan Vice Chairman | OfficerTrustee | 1 | $0 |
Joe Anthony Director | Trustee | 2 | $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 | $4,238,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,238,357 |
| Total Program Service Revenue | $0 |
| Investment income | $2,247,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,402 |
| Net Gain/Loss on Asset Sales | $9,048,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,563,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,528,613 |
| Grants and other assistance to domestic individuals. | $906,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,695 |
| Compensation of current officers, directors, key employees. | $158,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,715 |
| Pension plan accruals and contributions | $30,190 |
| Other employee benefits | $68,433 |
| Payroll taxes | $33,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $323,284 |
| Fees for services: Other | $108,670 |
| Advertising and promotion | $8,437 |
| Office expenses | $23,114 |
| Information technology | $26,601 |
| Royalties | $0 |
| Occupancy | $40,203 |
| Travel | $1,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,503 |
| All other expenses | $3,624 |
| Total functional expenses | $7,560,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,121 |
| Savings and temporary cash investments | $1,848,496 |
| 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 | $3,355 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,329 |
| Net Land, buildings, and equipment | $1,599,656 |
| Investments—publicly traded securities | $120,045,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,481,725 |
| Total assets | $125,001,314 |
| Accounts payable and accrued expenses | $124,439 |
| Grants payable | $1,994,461 |
| 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 | $7,652,737 |
| Total liabilities | $9,771,637 |
| Net assets without donor restrictions | $16,627,773 |
| Net assets with donor restrictions | $98,601,904 |
| 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 | $125,001,314 |
Grants Awarded
Over the last fiscal year, Mid-Shore Community Foundation Inc has awarded $4,099,268 in support to 151 organizations.
| Grant Recipient | Amount |
|---|---|
DENTON WESLEYAN CAMP PURPOSE: RELOCATING ARCHIVES AND CAMP OFFICE | $220,000 |
THE VESTRY OF WYE PARISH PURPOSE: HISTORIC PRESERVATION | $162,404 |
Wye Mills, MD PURPOSE: PROGRAMS/FINANCIAL AID | $160,866 |
Joppa, MD PURPOSE: UNRESTRICTED/MEMORIAL TRUST FUND/FLOWERS | $148,434 |
Pinehurst, NC PURPOSE: PROGRAMS | $148,132 |
TALBOT INTERFAITH SHELTER INC PURPOSE: PROGRAMS AND COVID-19 RELIEF | $130,806 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Mid-Shore Community Foundation Inc has recieved totaling $438,711.
| Awarding Organization | Amount |
|---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: THE ROTARY CLUB OF EASTON CENTENNIAL SCHOLARSHIP FUND | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $69,200 |
Columbus Foundation Columbus, OH PURPOSE: ADVANCING PHILANTHROPY | $44,182 |
Dock Street Foundation Easton, MD PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSE COMMUNITY BETTERMENT | $32,777 |
American Academy Of Addiction Psychiatry East Providence, RI PURPOSE: DEVELOP EDUCATIONAL RESOURCES AND TRAINING | $28,123 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: UNITED FUND OF TALBOT COUNTY | $25,000 |
Endowment Analysis
| Beg. Balance | $71,012,304 |
| Earnings | $24,775,919 |
| Net Contributions | $1,098,937 |
| Grants | $2,373,293 |
| Ending Balance | $94,513,867 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |