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Nonprofiteer
← SECU MD FOUNDATION INC

Form 990 for tax year 2022

Filed by SECU MD FOUNDATION INC.

Totals

Total revenue
$1,317,696
Total expenses
$685,626
Contributions and grants received
$1,298,836
Grants paid
$374,452
Program service revenue
$0
Investment income
$0
Other revenue
$18,860
Total assets, end of year
$911,914
Total liabilities, end of year
$244
Net assets or fund balances, end of year
$911,670
Program services expenses (Part IX)
$638,385
Management and general expenses
$35,389
Fundraising expenses
$11,852
Program service expenses (Part III)
$638,385

Program services were 93.1% 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.

  • 1d · Related organizations

    $1,220,000

  • 1f · All other contributions, gifts and grants

    $78,836

  • 8a · Fundraising events: gross income

    $39,000

  • 8b · Fundraising events: direct expenses

    $20,140

  • 8c · Net income from fundraising events

    total $18,860 · excluded $18,860

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $257,452 · program services $257,452

  • 2 · Grants to domestic individuals

    total $117,000 · program services $117,000

  • 11c · Fees: accounting

    total $17,167 · management and general $17,167

  • 11g · Fees: other

    total $13,228 · management and general $1,376 · fundraising $11,852

  • 13 · Office expenses

    total $9,333 · management and general $9,333

  • 14 · Information technology

    total $6,387 · management and general $6,387

  • 23 · Insurance

    total $1,126 · management and general $1,126

  • 24a · Other expenses: KINDNESS CAMPAIGN EVENT

    total $263,933 · program services $263,933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $218,581 · end of year $892,001

  • 4 · Accounts receivable

    beginning of year $50,300 · end of year $14,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,719 · end of year $5,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $244

  • 27 · Net assets without donor restrictions

    beginning of year $279,600 · end of year $911,670

Mission and programs · 2022

Mission

THE MISSION IS TO CREATE A STRONGER MARYLAND BY EMPOWERING ACCESS TO EDUCATION, SUPPORTING HEALTH AND WELLNESS, AND SERVING AS A CATALYST FOR COMMUNITY DEVELOPMENT.

Activities or mission (Part I)

SECU MD FOUNDATION'S MISSION IS TO CREATE A STRONGER MARYLAND BY EMPOWERING ACCESS TO EDUCATION, SUPPORTING HEALTH AND WELLNESS AND SERVING AS A CATALYST FOR COMMUNITY DEVELOPMENT.

  • THE KINDNESS CAMPAIGN WAS STARTED IN 2020 WITH ONE IDEA IN MIND - THAT EVERY ACT OF KINDNESS, NO MATTER HOW SMALL OR LARGE, MAKES THE WORLD AND OUR COMMUNITIES A BETTER PLACE. IT IS OUR MISSION TO EMPOWER OUR MEMBERS, EMPLOYEES AND MARYLANDERS TO SPREAD KINDNESS AND INSPIRE OTHERS TO DO THE SAME. THROUGH THE SECU MD FOUNDATION AND OUR KINDNESS CAMPAIGN, WE AIM TO POSTIVELY IMPACT THE MARYLAND COMMUNITY BY DOING GOOD WHERE AND WHEN IT'S NEEDED MOST.

    Expenses $471,385 · Grants $207,452

  • PROVIDE SCHOLARSHIPS TO INDIVIDUALS TO DEFRAY TUITION COST FOR HIGHER EDUCATION.

    Expenses $117,000 · Grants $117,000

  • KINDNESS PARTNER GRANTS

    Expenses $50,000 · Grants $50,000

As filed on the 2022 return.

Listed in Part VII

  • Rebecca Smith

    PRESIDENT, DIRECTOR

    Total calculated
    $573,788
    From this org
    $0
    From related orgs
    $520,107
    Other
    $53,681
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,170 related
    Bonus
    $0 + $128,515 related
    Other
    $0 + $1,422 related
    Deferred
    $0 + $23,269 related
    Nontaxable benefits
    $0 + $30,412 related
    Filer's total
    $0 + $573,788 related

  • Steven Arbaugh

    TREASURER, DIRECTOR

    Total calculated
    $564,230
    From this org
    $0
    From related orgs
    $498,831
    Other
    $65,399
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,242 related
    Bonus
    $0 + $119,677 related
    Other
    $0 + $5,912 related
    Deferred
    $0 + $25,710 related
    Nontaxable benefits
    $0 + $39,689 related
    Filer's total
    $0 + $564,230 related

  • Kevin Kesecker

    SECRETARY, DIRECTOR

    Total calculated
    $535,259
    From this org
    $0
    From related orgs
    $494,224
    Other
    $41,035
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,979 related
    Bonus
    $0 + $119,677 related
    Other
    $0 + $3,568 related
    Deferred
    $0 + $25,710 related
    Nontaxable benefits
    $0 + $15,325 related
    Filer's total
    $0 + $535,259 related

  • Roderic Flowers

    DIRECTOR

    Total calculated
    $458,504
    From this org
    $0
    From related orgs
    $387,564
    Other
    $70,940
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,845 related
    Bonus
    $0 + $81,483 related
    Other
    $0 + $5,236 related
    Deferred
    $0 + $26,132 related
    Nontaxable benefits
    $0 + $44,808 related
    Filer's total
    $0 + $458,504 related

  • James Smith

    DIRECTOR

    Total calculated
    $472,455
    From this org
    $0
    From related orgs
    $410,942
    Other
    $61,513
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,827 related
    Bonus
    $0 + $126,170 related
    Other
    $0 + $1,945 related
    Deferred
    $0 + $25,476 related
    Nontaxable benefits
    $0 + $36,037 related
    Filer's total
    $0 + $472,455 related

  • Michele Moore

    DIRECTOR

    Total calculated
    $425,329
    From this org
    $0
    From related orgs
    $370,105
    Other
    $55,224
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,088 related
    Bonus
    $0 + $76,422 related
    Other
    $0 + $5,595 related
    Deferred
    $0 + $26,605 related
    Nontaxable benefits
    $0 + $28,619 related
    Filer's total
    $0 + $425,329 related

  • Janelle Pannell

    DIRECTOR

    Total calculated
    $419,989
    From this org
    $0
    From related orgs
    $377,417
    Other
    $42,572
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,623 related
    Bonus
    $0 + $81,442 related
    Other
    $0 + $1,352 related
    Deferred
    $0 + $18,145 related
    Nontaxable benefits
    $0 + $24,427 related
    Filer's total
    $0 + $419,989 related

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

None.

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

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323189349301647

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