Community Foundation Of Carroll County Inc
- Assets
- $7.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Westminster, MD
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 52-1865244
Organization Overview
Community Foundation Of Carroll County Inc is located in Westminster, MD. The organization was established in 1994. 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 12/2021, Community Foundation Of Carroll County Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Carroll County 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 12/2021, Community Foundation Of Carroll County Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 3.7% 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 2014, Community Foundation Of Carroll County Inc has awarded 72 individual grants totaling $1,263,234. 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 MISSION OF THE COMMUNITY FOUNDATION OF CARROLL COUNTY IS TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY OF CARROLL COUNTY THROUGH PHILANTHROPIC MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
106 SCHOLARSHIP FUNDS OFFERING SCHOLARSHIPS TO APPROX 200 INDIVIDUALS
87 PROGRAM SERVICE FUNDS
94 FIELD OF INTEREST FUNDS - APPROX 300 ACTIVITIES
PROVIDE, MANAGE AND DISTRIBUTE CHARITABLE GIFTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaclyn Mathias-Jones Executive Di | Trustee | 40 | $79,000 |
Caroline Babylon Treasurer | OfficerTrustee | $0 | |
Thomas Beyard Vice Preside | OfficerTrustee | $0 | |
William Gering President | OfficerTrustee | $0 | |
Judith Johnson-Martin Secretary | OfficerTrustee | $0 | |
Greg Blair Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,026,179 |
| Noncash contributions included in lines 1a–1f | $48,935 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,084,847 |
| Total Program Service Revenue | $83,851 |
| Investment income | $134,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,669,742 |
| Net Income from Fundraising Events | $106,404 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,090,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $275,723 |
| Grants and other assistance to domestic individuals. | $145,728 |
| 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 | $355,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,500 |
| Fees for services: Other | $12,250 |
| Advertising and promotion | $12,332 |
| Office expenses | $10,791 |
| Information technology | $29,953 |
| Royalties | $0 |
| Occupancy | $26,084 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $402 |
| Interest | $421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,108 |
| Insurance | $23,480 |
| All other expenses | $8,990 |
| Total functional expenses | $2,471,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,704 |
| Savings and temporary cash investments | $188,191 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,172 |
| Net Land, buildings, and equipment | $13,104 |
| Investments—publicly traded securities | $7,319,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,852,805 |
| Accounts payable and accrued expenses | $26,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $188,993 |
| 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 | $0 |
| Total liabilities | $215,933 |
| Net assets without donor restrictions | $73,199 |
| Net assets with donor restrictions | $7,563,673 |
| 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 | $7,852,805 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Carroll County Inc has awarded $275,723 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS | | | $95,340 |
WASHINGTON COUNTY SCHOOLS PURPOSE: EDUCATIONAL | $84,701 |
Wynnewood, PA PURPOSE: MEDICAL RESEARCH | $21,714 |
CATHOLIC CHARITIES PURPOSE: PHILANTHROPY | $15,000 |
Baltimore, MD PURPOSE: EDUCATIONAL | $12,000 |
ST FRANCES ACADEMY PURPOSE: EDUCATIONAL | $11,300 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Community Foundation Of Carroll County Inc has recieved totaling $114,380.
| Awarding Organization | Amount |
|---|---|
Pitts Family Foundation Naples, FL PURPOSE: GENERAL SUPPORT | $35,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $30,296 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,213 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,320 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,100 |
Depcom G I V E S Scottsdale, AZ PURPOSE: PUBLIC SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $7,305,246 |
| Earnings | $391,597 |
| Admin Expense | $206,592 |
| Net Contributions | $2,110,726 |
| Other Expense | $1,615,853 |
| Grants | $421,451 |
| Ending Balance | $7,563,673 |
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 |