Foundation For Frostburg Inc
- Assets
- $685.5k
- Revenue
- $179.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Frostburg, MD
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 52-1915632
Organization Overview
Foundation For Frostburg Inc is located in Frostburg, MD. The organization was established in 1995. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Frostburg 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, Foundation For Frostburg Inc generated $179.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $118.5k during the year ending 12/2021. While expenses have increased by 12.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE FROSTBURG COMMUNITIES AND ITS CITIZENS TO PROVIDE A WAY FOR FAMILIES AND FRIENDS TO GIVE BACK TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIFIC COMMUNITY PROJECTS FOR BOARD DESIGNATED, TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED FUNDS.
SPECIFIC COMMUNITY PROJECTS FOR BOARD DESIGNATED, TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Kealy Vice Preside | OfficerTrustee | $0 | |
Vicky Wiseman President | OfficerTrustee | $0 | |
Barbara Armstrong Ass't Treasu | OfficerTrustee | $0 | |
Darla Plummer Treasurer | OfficerTrustee | $0 | |
Kristin Kehrwald Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,151 |
| Total Program Service Revenue | $0 |
| Investment income | $39,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,538 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,638 |
| Advertising and promotion | $0 |
| Office expenses | $780 |
| Information technology | $338 |
| 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 | $1,735 |
| All other expenses | $0 |
| Total functional expenses | $118,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,997 |
| Savings and temporary cash investments | $45,470 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $500,032 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $685,499 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $395,761 |
| Net assets with donor restrictions | $289,738 |
| 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 | $685,499 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Frostburg Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Nancy And Glenn Beall Foundation Inc Rockville, MD PURPOSE: UNRESTRICTED DONATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Park Foundation Washington, DC | $340,217,064 | $99,935,213 |
Goodwill Industries International Inc Rockville, MD | $67,550,943 | $66,436,715 |
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Kaboom Inc Washington, DC | $33,837,191 | $27,499,929 |
Lake Ridge Parks & Recreation Association Inc Lake Ridge, VA | $11,873,713 | $7,365,440 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
National Parking Association Inc Washington, DC | $2,660,652 | $3,146,199 |
Parks & People Foundation Inc Baltimore, MD | $15,484,458 | $3,287,882 |
Columbia Memorial Park Inc Arlington, VA | $6,724,392 | $4,421,124 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
The Brandywine Creek State Park Trust Delaware Community Foundation Inc Ttee Wilmington, DE | $0 | $168 |