Community Foundation Of Washington County Maryland Incorporated
- Assets
- $68.3m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Hagerstown, MD
- Founding
- 05/1997
- Data as of
- 06/2024
- EIN
- 52-2001455
Organization Overview
Community Foundation Of Washington County Maryland Incorporated is located in Hagerstown, MD. The organization was established in 1997. 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 06/2024, Community Foundation Of Washington County Maryland Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Washington County Maryland Incorporated 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 06/2024, Community Foundation Of Washington County Maryland Incorporated generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $4.0m during the year ending 06/2024. While expenses have increased by 5.5% per year over the past 8 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 2015, Community Foundation Of Washington County Maryland Incorporated has awarded 636 individual grants totaling $18,097,787. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PHILANTHROPY THROUGH THE CREATION OF ENDOWMENT FUNDS THAT PROVIDE GRANTS TO OTHER 501(C)(3) PUBLICLY SUPPORTED ORGANIZATION WHO PROVIDE ASSISTANCE TO NEEDY INDIVIDUALS IN WASHINGTON COUNTY, MD AS WELL AS GRANTS IN OTHER FIELDS OF INTEREST: ARTS & CULTURE, HISTORIC PRESERVATION, YOUTH AND RECREATION, HEALTH AND HUMAN SERVICES, EDUCATION, AND ANIMAL WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE AND MANAGE ENDOWMENT FUNDS TO SUPPORT THE FULL SPECTRUM OF NON- PROFIT INTERESTS IN WASHINGTON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey L Crawford President/ce | Officer | 40 | $141,729 |
Joan F Bowers Chairman | OfficerTrustee | 10 | $0 |
Ed Lough Vice Chairma | OfficerTrustee | 2 | $0 |
Randy Rachor Treasurer | OfficerTrustee | 2 | $0 |
Sabina Spicher Secretary | OfficerTrustee | 2 | $0 |
Todd M Snook Past Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,000 |
| Related organizations | $0 |
| Government grants | $115,778 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,508,452 |
| Noncash contributions included in lines 1a–1f | $216,056 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,637,230 |
| Total Program Service Revenue | $47,479 |
| Investment income | $1,876,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,577,824 |
| Net Income from Fundraising Events | -$1,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,137,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,677,840 |
| 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. | $156,250 |
| Compensation of current officers, directors, key employees. | $45,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,857 |
| Pension plan accruals and contributions | $4,041 |
| Other employee benefits | $2,249 |
| Payroll taxes | $25,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $106,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $207,126 |
| Fees for services: Other | $40,060 |
| Advertising and promotion | $38,686 |
| Office expenses | $32,413 |
| Information technology | $6,899 |
| Royalties | $0 |
| Occupancy | $66,307 |
| Travel | $125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $393,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,049 |
| Insurance | $2,966 |
| All other expenses | $0 |
| Total functional expenses | $3,957,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,656 |
| Savings and temporary cash investments | $1,116,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,190 |
| 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 | $57,076 |
| Investments—publicly traded securities | $65,852,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $868,025 |
| Total assets | $68,272,758 |
| Accounts payable and accrued expenses | $31,258 |
| Grants payable | $0 |
| Deferred revenue | $91,021 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,671,486 |
| 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 | $812,967 |
| Total liabilities | $6,606,732 |
| Net assets without donor restrictions | $565,831 |
| Net assets with donor restrictions | $61,100,195 |
| 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 | $68,272,758 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Washington County Maryland Incorporated has awarded $1,911,327 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
HAGERSTOWN COMMUNITY COLLEGE FOUNDA PURPOSE: GENERAL SUPPORT | $74,984 |
THE ARC OF WASHINGTON COUNTY INC PURPOSE: GENERAL SUPPORT | $50,000 |
ST MARIA GORETTI HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $53,900 |
HAGERSTOWN YMCA PURPOSE: GENERAL SUPPORT | $49,100 |
COMMUNITY FREE CLINIC INC PURPOSE: GENERAL SUPPORT | $38,628 |
HOLLY PLACE PURPOSE: GENERAL SUPPORT | $38,628 |