Form 990 for tax year 2025
Filed by THE FEDERATED CHARITIES CORPORATION OF FREDERICK.
Totals
- Total revenue
- $396,564
- Total expenses
- $445,993
- Contributions and grants received
- $81,832
- Grants paid
- $29,160
- Program service revenue
- $188,261
- Investment income
- $552
- Other revenue
- $125,919
- Total assets, end of year
- $1,428,942
- Total liabilities, end of year
- $248,280
- Net assets or fund balances, end of year
- $1,180,662
- Program services expenses (Part IX)
- $352,485
- Management and general expenses
- $69,079
- Fundraising expenses
- $24,429
- Program service expenses (Part III)
- $352,485
Program services were 79.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$10,302
-
1f · All other contributions, gifts and grants
$71,530
-
2a · Program service revenue: PROGRAM SERVICES
total $186,061 · related or exempt $186,061
-
2b · Program service revenue: TRAINING FEES
total $2,200 · related or exempt $2,200
-
3 · Investment income
total $552 · excluded $552
-
6a · Gross rents
real property $125,919
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $125,919
-
6d · Net rental income or loss
total $125,919 · excluded $125,919
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$10,302
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $29,160 · program services $29,160
-
5 · Compensation of officers, directors and key employees
total $74,222 · program services $34,239 · management and general $24,717 · fundraising $15,266
-
7 · Other salaries and wages
total $39,409 · program services $38,869 · management and general $334 · fundraising $206
-
9 · Other employee benefits
total $1,185 · program services $993 · management and general $119 · fundraising $73
-
10 · Payroll taxes
total $8,607 · program services $5,535 · management and general $1,899 · fundraising $1,173
-
11c · Fees: accounting
total $27,361 · management and general $27,361
-
11g · Fees: other
total $12,521 · program services $12,521
-
12 · Advertising and promotion
total -$294 · program services -$400 · fundraising $106
-
16 · Occupancy
total $27,787 · program services $27,787
-
17 · Travel
total $2,418 · program services $1,455 · management and general $963
-
20 · Interest
total $7,916 · program services $7,916
-
22 · Depreciation, depletion and amortization
total $78,103 · program services $78,103
-
23 · Insurance
total $15,275 · program services $14,650 · management and general $625
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $63,100 · program services $63,100
-
24b · Other expenses: TELEPHONE AND INTERNET
total $15,533 · program services $15,533
-
24c · Other expenses: OFFICE AND BOARD EXPENS
total $10,034 · program services $3,424 · management and general $6,610
-
24d · Other expenses: SUPPLIES
total $7,931 · program services $6,949 · management and general $713 · fundraising $269
-
24e · All other expenses
total $25,725 · program services $12,651 · management and general $5,738 · fundraising $7,336
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,969 · end of year $86,493
-
2 · Savings and temporary cash investments
beginning of year $77,971 · end of year $85,849
-
3 · Pledges and grants receivable
beginning of year $14,178
-
9 · Prepaid expenses and deferred charges
beginning of year $1,247 · end of year $760
-
10a · Land, buildings and equipment: cost or other basis
$2,715,556
-
10b · Land, buildings and equipment: accumulated depreciation
$1,501,119
-
10c · Land, buildings and equipment, net
beginning of year $1,312,728 · end of year $1,214,437
-
15 · Other assets
beginning of year $21,215 · end of year $41,403
-
17 · Accounts payable and accrued expenses
beginning of year $43,724 · end of year $16,664
-
19 · Deferred revenue
beginning of year $4,832 · end of year $18,831
-
23 · Secured mortgages and notes payable
beginning of year $180,185 · end of year $171,862
-
25 · Other liabilities
beginning of year $32,476 · end of year $40,923
-
27 · Net assets without donor restrictions
beginning of year $1,224,644 · end of year $1,170,373
-
28 · Net assets with donor restrictions
beginning of year $5,447 · end of year $10,289
Mission and programs · 2025
Mission
FROM OUR HISTORIC HOME IN THE HEART OF DOWNTOWN FREDERICK, FEDERATED CHARITIES EMPOWERS NONPROFIT ORGANIZATIONS BY PROVIDING COLLABORATIVE SUPPORT, VITAL RESOURCES, AND AFFORDABLE OPERATIONAL SPACE, ENABLING THEM TO MAXIMIZE THEIR IMPACT AND STRENGTHEN OUR COMMUNITY.
-
FEDERATED CHARITIES OPERATES SOCIAL PURPOSE REAL ESTATE AND PROVIDES OPERATIONAL SPACE TO 501(C)(3) NONPROFIT ORGANIZATIONS IN FREDERICK, MARYLAND. THE SPACE INCLUDES BELOW MARKET RENT, REDUCED COST BROADBAND AND PRINTING, FREE MEETING SPACE AND OTHER SPACE AMENITIES, AND A COLLABORATIVE COMMUNITY OF OTHER SOCIAL CHANGE ORGANIZATIONS. WE ALSO OFFER PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND TECHNICAL ASSISTANCE TO NONPROFITS. OUR CENTER OFFERS FREE MEETING SPACE AND EVENT SPACE TO OFFSITE ORGANIZATIONS. IN 2025, 15 NON-PROFITS BENEFITTED FROM OUR RENTAL SPACE.
Expenses $352,485 · Grants $29,160 · Revenue $188,261
As filed on the 2025 return.
Listed in Part VII
-
Elinor RossELINOR ROSS
EXECUTIVE DIRECTOR
- Total calculated
- $74,222
- From this org
- $72,060
- From related orgs
- $0
- Other
- $2,162
- Hours/week
- 1
-
Kevin MooreKEVIN MOORE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Brandon CannonBRANDON CANNON
VICE-PRESIDENT/TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Lisa ParsellLISA PARSELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Eve ButtEVE BUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Erica ConoverERICA CONOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kathy FayKATHY FAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Clark AdamsCLARK ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
John BohmanJOHN BOHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rachel HarrisonRACHEL HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jessica BowersJESSICA BOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jason GiulianoJASON GIULIANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mark AswallMARK ASWALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$15,000
ADVANCING ECONOMIC VITALITY, EQUITY, AND HUMAN HEALTH BY PROMOTING SOLUTIONS TO THE GROWING CLIMATE EMERGENCY.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 2 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622529349300827
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