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Nonprofiteer
← BALTIMORE CIVIC FUND INC

Form 990 for tax year 2022

Filed by BALTIMORE CIVIC FUND INC.

What the amendment changed

Compared with the return it replaced , filed 10 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$19,730,196
Total expenses
$19,996,210
Contributions and grants received
$19,730,196
Grants paid
$8,988,925
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,294,079
Total liabilities, end of year
$10,271,717
Net assets or fund balances, end of year
$9,022,362
Program services expenses (Part IX)
$18,364,873
Management and general expenses
$1,631,337
Fundraising expenses
$0
Program service expenses (Part III)
$18,364,873

Program services were 91.8% 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.

  • 1e · Government grants (contributions)

    $8,272,747

  • 1f · All other contributions, gifts and grants

    $11,457,449

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,988,925 · program services $8,988,925

  • 5 · Compensation of officers, directors and key employees

    total $407,551 · program services $18,299 · management and general $389,252

  • 7 · Other salaries and wages

    total $607,964 · program services $27,296 · management and general $580,668

  • 8 · Pension plan contributions

    total $30,516 · program services $1,370 · management and general $29,146

  • 9 · Other employee benefits

    total $49,850 · program services $2,238 · management and general $47,612

  • 10 · Payroll taxes

    total $78,972 · program services $3,546 · management and general $75,426

  • 11b · Fees: legal

    total $82,266 · program services $78,788 · management and general $3,478

  • 11c · Fees: accounting

    total $192,371 · program services $184,238 · management and general $8,133

  • 11f · Fees: investment management

    total $29,282 · program services $27,335 · management and general $1,947

  • 11g · Fees: other

    total $7,680,666 · program services $7,355,947 · management and general $324,719

  • 12 · Advertising and promotion

    total $124,993 · program services $116,681 · management and general $8,312

  • 13 · Office expenses

    total $48,252 · program services $45,043 · management and general $3,209

  • 14 · Information technology

    total $67,548 · program services $63,056 · management and general $4,492

  • 16 · Occupancy

    total $399,312 · program services $324,691 · management and general $74,621

  • 17 · Travel

    total $212,896 · program services $198,738 · management and general $14,158

  • 19 · Conferences, conventions and meetings

    total $19,919 · program services $18,594 · management and general $1,325

  • 23 · Insurance

    total $22,526 · program services $21,028 · management and general $1,498

  • 24a · Other expenses: OTHER EXPENSES

    total $952,401 · program services $889,060 · management and general $63,341

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,462,538 · end of year $6,476,452

  • 4 · Accounts receivable

    beginning of year $3,055,840 · end of year $4,256,360

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,577 · end of year $2,043

  • 11 · Investments: publicly traded securities

    beginning of year $7,894,880 · end of year $8,382,712

  • 15 · Other assets

    end of year $176,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $853,801 · end of year $1,566,587

  • 19 · Deferred revenue

    beginning of year $3,892,289 · end of year $6,097,105

  • 25 · Other liabilities

    beginning of year $4,896,201 · end of year $2,608,025

  • 27 · Net assets without donor restrictions

    beginning of year $2,251,322 · end of year $2,247,783

  • 28 · Net assets with donor restrictions

    beginning of year $6,549,222 · end of year $6,774,579

Mission and programs · 2022

Mission

LOCAL AREA COMMUNITY WELFARE.

  • AN EMERGENCY LIFELINE FOR BALTIMORE NONPROFIT ORGANIZATIONS IMPACTED BY THE COVID-19 PANDEMIC.

    Expenses $3,421,260 · Revenue $3,371,260

  • DISBURSE SUBSIDIES TO SMALL, MINORITY- AND WOMEN-OWNED BUSINESSES FOR HIRING UNEMPLOYED AND UNDEREMPLOYED CITY RESIDENTS.

    Expenses $2,288,210 · Revenue $2,288,210

  • GRANTMAKING TO COMMUNITY-BASED ORGANIZATIONS TO PERFORM COMMUNITY CLEAN UP AND PROVIDE WORKFORCE DEVELOPMENT FOR MARGINALIZED POPULATIONS.

    Expenses $1,396,323 · Revenue $1,396,323

  • TO SUPPORT YOUTHWORKS PROGRAM TO CREATE A MEANINGFUL PAID EMPLOYMENT OPPORTUNITY THAT ENHANCES YOUTH JOB SKILLS.

    Expenses $11,259,080 · Grants $8,988,925 · Revenue $2,107,359

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

Listed in Part VII

  • Hyesook Chung

    EXECUTIVE DI

    Total calculated
    $211,652
    From this org
    $211,652
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,652
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $211,652

  • Lea Ferguson

    COO

    Total calculated
    $135,835
    From this org
    $135,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rachel Donegan

    DIRECTOR OF

    Total calculated
    $60,064
    From this org
    $60,064
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John Brothers

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Chezia Cager

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Huber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Raymond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laurie Schwartz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
2 January 2025
IRS schema version
2022v5.0
Source object
202530159349301618

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