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Nonprofiteer
← COMMUNITY FOUNDATION OF THE EASTERN SHORE INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF THE EASTERN SHORE INC.

Totals

Total revenue
$13,185,530
Total expenses
$7,632,340
Contributions and grants received
$8,043,069
Grants paid
$6,126,712
Program service revenue
$0
Investment income
$4,760,041
Other revenue
$382,420
Total assets, end of year
$159,381,501
Total liabilities, end of year
$49,343,306
Net assets or fund balances, end of year
$110,038,195
Program services expenses (Part IX)
$6,642,452
Management and general expenses
$536,769
Fundraising expenses
$453,119
Program service expenses (Part III)
$6,642,452

Program services were 87.0% 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.

  • 1f · All other contributions, gifts and grants

    $8,043,069

  • 1g · Noncash contributions included above

    $2,676,312

  • 3 · Investment income

    total $4,757,935 · related or exempt $4,757,935

  • 7a · Gross sales of assets other than inventory

    securities $12,778,486

  • 7b · Less cost or other basis and sales expenses

    securities $12,776,380

  • 7c · Gain or loss

    securities $2,106

  • 7d · Net gain or loss

    total $2,106 · related or exempt $2,106

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $367,195 · related or exempt $367,195

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $15,760 · related or exempt $15,760

  • 11c · Other revenue: SHARED FACILITIES REIMBURSEMENT

    total -$535 · related or exempt -$535

  • 11e · Other revenue, total

    $382,420

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,716,836 · program services $5,716,836

  • 2 · Grants to domestic individuals

    total $409,876 · program services $409,876

  • 5 · Compensation of officers, directors and key employees

    total $147,493 · program services $51,623 · management and general $36,873 · fundraising $58,997

  • 7 · Other salaries and wages

    total $636,569 · program services $230,639 · management and general $253,230 · fundraising $152,700

  • 8 · Pension plan contributions

    total $45,955 · program services $16,544 · management and general $17,003 · fundraising $12,408

  • 9 · Other employee benefits

    total $85,055 · program services $30,620 · management and general $31,470 · fundraising $22,965

  • 10 · Payroll taxes

    total $58,477 · program services $21,052 · management and general $21,637 · fundraising $15,788

  • 11c · Fees: accounting

    total $23,005 · management and general $23,000 · fundraising $5

  • 11g · Fees: other

    total $72,892 · program services $64,492 · management and general $8,400

  • 12 · Advertising and promotion

    total $78,393 · program services $5,448 · management and general $11,531 · fundraising $61,414

  • 13 · Office expenses

    total $19,908 · program services $179 · management and general $19,696 · fundraising $33

  • 14 · Information technology

    total $61,740 · program services $26,453 · management and general $16,932 · fundraising $18,355

  • 16 · Occupancy

    total $70,363 · program services $25,331 · management and general $26,034 · fundraising $18,998

  • 19 · Conferences, conventions and meetings

    total $26,846 · program services $555 · management and general $3,771 · fundraising $22,520

  • 22 · Depreciation, depletion and amortization

    total $53,578 · program services $19,288 · management and general $19,824 · fundraising $14,466

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $32,549 · program services $4,759 · management and general $23,330 · fundraising $4,460

  • 24b · Other expenses: SPONSORSHIPS

    total $30,875 · management and general $893 · fundraising $29,982

  • 24c · Other expenses: EDUCATION AND TRAVEL

    total $25,630 · program services $7,326 · management and general $13,244 · fundraising $5,060

  • 24d · Other expenses: DEVELOPMENT EVENTS

    total $14,968 · fundraising $14,968

  • 24e · All other expenses

    total $21,332 · program services $11,431 · management and general $9,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,026 · end of year $114,256

  • 2 · Savings and temporary cash investments

    beginning of year $1,578,156 · end of year $810,969

  • 7 · Other notes and loans receivable

    beginning of year $859,390

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,080 · end of year $115,730

  • 10a · Land, buildings and equipment: cost or other basis

    $1,798,143

  • 10b · Land, buildings and equipment: accumulated depreciation

    $698,946

  • 10c · Land, buildings and equipment, net

    beginning of year $1,133,878 · end of year $1,099,197

  • 11 · Investments: publicly traded securities

    beginning of year $138,908,017 · end of year $155,370,793

  • 15 · Other assets

    beginning of year $1,895,765 · end of year $1,870,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,422 · end of year $109,220

  • 19 · Deferred revenue

    beginning of year $59 · end of year $12,500

  • 25 · Other liabilities

    beginning of year $41,649,841 · end of year $49,221,586

  • 27 · Net assets without donor restrictions

    beginning of year $8,893,351 · end of year $9,683,113

  • 28 · Net assets with donor restrictions

    beginning of year $93,825,639 · end of year $100,355,082

Mission and programs · 2022

Mission

INSPIRING COMMUNITY PHILANTHROPY AND CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER.

Activities or mission (Part I)

INSPIRING COMMUNITY PHILANTHROPY AND CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER. THE FOUNDATION'S VISION IS TO CREATE THRIVING COMMUNITIES ON MARYLAND'S EASTERN SHORE WHERE WE CAN LIVE AND PROSPER TOGETHER.

  • EDUCATION - TO ASSIST VARIOUS SCHOOLS, COLLEGES, UNIVERSITIES AND LIBRARIES WITH FINANCIAL SUPPORT AND SCHOLARSHIPS AS WELL AS SUPPORT FOR VARIOUS NON-PROFIT'S EDUCATIONAL INITIATIVES.

    Expenses $1,767,615 · Grants $1,767,615

  • HUMAN SERVICES - TO ASSIST VARIOUS ORGANIZATIONS IN PROVIDING EMERGENCY AND SOCIAL SERVICES TO THE COMMUNITY

    Expenses $1,577,609 · Grants $1,577,609

  • HEALTH BASED PROGRAMS - TO ASSIST VARIOUS ORGANIZATIONS IN PROVIDING PROGRAMS AND SERVICES TO THE COMMUNITY.

    Expenses $725,354 · Grants $725,354

  • ANIMAL WELFARE, ARTS, CULTURE, COMMUNITY DEVELOPMENT, CONSERVATION AND HISTORIC PRESERVATION, HEALTH, ENVIRONMENT,& YOUTH

    Expenses $2,571,874 · Grants $2,056,134

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ED BARBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEAN LEWIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR CAROLYN JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREGORY TAWES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLEN BROWN SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TYRONE MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM MCCAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GINNIE MALONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANICE PERDUE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELODY NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL P TRUITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR ANNETTE E WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN PHOEBUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DWIGHT W MARSHALL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR GEORGE I WHITEHEAD III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SONYA WHITED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES P JONES

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • GAYLE WIDDOWSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VELDA HENRY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE WILLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR JULIUS ZANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL O'CONNELL II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA JOSEPH

    PRESIDENT

    Total calculated
    $154,136
    From this org
    $135,765
    From related orgs
    $0
    Other
    $18,371
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $135,765
    Bonus
    $0
    Other
    $0
    Deferred
    $8,262
    Nontaxable benefits
    $10,109
    Filer's total
    $154,136

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J SUPPLEMENTAL INFORMATION
THE COMMUNITY FOUNDATION HAS AN EXECUTIVE EVALUATION AND COMPENSATION POLICY, APPROVED BY THE BOARD OF DIRECTORS, WHICH REQUIRES A COMPENSATION COMMITTEE TO ANNUALLY OBTAIN COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE BOARD OF DIRECTORS APPROVES ALL EXECUTIVE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202430469349303553

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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