The Carroll Community College Foundation Inc
- Assets
- $20.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Westminster, MD
- Founding
- 03/1995
- Data as of
- 06/2021
- EIN
- 52-1886179
Organization Overview
The Carroll Community College Foundation Inc is located in Westminster, MD. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Carroll Community College Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll 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 06/2021, Carroll Community College Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 9.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO CARROLL COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO QUALIFIED STUDENTS OF CARROLL COMMUNITY COLLEGE AS WELL AS EQUIPMENT AND OTHER SUPPORT DIRECTLY TO THE COLLEGE. IN THE CURRENT YEAR, 291 SCHOLARSHIPS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Wantz Executive Director | Officer | 40 | $120,050 |
Annette Danek-Akey President | OfficerTrustee | 5 | $0 |
Lorene Shiffler Vice President | OfficerTrustee | 5 | $0 |
Mark Krebs Treasurer | OfficerTrustee | 5 | $0 |
Benjamin Scheper Secretary | OfficerTrustee | 5 | $0 |
Kelly Hill Immediate Past President | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,417 |
| Related organizations | $0 |
| Government grants | $1,054,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,853 |
| Noncash contributions included in lines 1a–1f | $57,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,478,045 |
| Total Program Service Revenue | $0 |
| Investment income | $276,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,285,185 |
| Net Income from Fundraising Events | -$29,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,009,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $605,435 |
| Grants and other assistance to domestic individuals. | $388,909 |
| 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 | $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 | $78,198 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $143 |
| Total functional expenses | $1,079,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $731,311 |
| Pledges and grants receivable | $1,988,886 |
| Accounts receivable, net | $37,946 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,425,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,125 |
| Total assets | $20,605,745 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $139,870 |
| 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 | $0 |
| Total liabilities | $139,870 |
| Net assets without donor restrictions | $5,464,261 |
| Net assets with donor restrictions | $15,001,614 |
| 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 | $20,605,745 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Carroll Community College Foundation Inc has recieved totaling $114,699.
| Awarding Organization | Amount |
|---|---|
Kahlert Foundation Inc Sykesville, MD PURPOSE: TO PROVIDE SUPPORT FOR CARROLL STUDENTS AND SPONSORSHIP FY 2022 | $103,500 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $10,000 |
R Wayne Feezer Memorial Foundation Inc Sykesville, MD PURPOSE: GENERAL SUPPORT | $1,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 08/16/21 | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Endowment Analysis
| Beg. Balance | $9,787,050 |
| Earnings | $2,337,778 |
| Net Contributions | $161,505 |
| Other Expense | $73,937 |
| Ending Balance | $12,212,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |