Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $149,010

• 1e · Government grants (contributions)

  $2,675,500

• 1f · All other contributions, gifts and grants

  $22,280,910

• 1g · Noncash contributions included above

  $7,574,553

• 3 · Investment income

  total $7,082,315 · unrelated business -$26,795 · excluded $7,109,110

• 7a · Gross sales of assets other than inventory

  securities $27,060,241

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

  securities $24,478,996 · other assets $618

• 7c · Gain or loss

  securities $2,581,245 · other assets -$618

• 7d · Net gain or loss

  total $2,580,627 · excluded $2,580,627

• 11a · Other revenue: ADMIN FEES

  total $274,602 · related or exempt $274,602

• 11b · Other revenue: OTHER INCOME

  total $6,430 · excluded $6,430

• 11e · Other revenue, total

  $281,032

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $27,082,345 · program services $27,082,345

• 5 · Compensation of officers, directors and key employees

  total $767,476 · management and general $767,476

• 7 · Other salaries and wages

  total $1,755,826 · program services $484,968 · management and general $826,326 · fundraising $444,532

• 8 · Pension plan contributions

  total $154,077 · program services $37,308 · management and general $82,571 · fundraising $34,198

• 9 · Other employee benefits

  total $138,834 · program services $58,294 · management and general $40,734 · fundraising $39,806

• 10 · Payroll taxes

  total $176,496 · program services $35,339 · management and general $108,764 · fundraising $32,393

• 11b · Fees: legal

  total $108,375 · program services $35,700 · management and general $72,675

• 11c · Fees: accounting

  total $59,534 · management and general $59,534

• 11f · Fees: investment management

  total $202,004 · management and general $202,004

• 11g · Fees: other

  total $668,615 · program services $151,640 · management and general $213,582 · fundraising $303,393

• 12 · Advertising and promotion

  total $100,822 · program services $94,275 · management and general $2,513 · fundraising $4,034

• 13 · Office expenses

  total $180,010 · program services $25,048 · management and general $114,194 · fundraising $40,768

• 14 · Information technology

  total $166,136 · program services $92,061 · management and general $44,435 · fundraising $29,640

• 16 · Occupancy

  total $32,607 · program services $1,088 · management and general $30,431 · fundraising $1,088

• 17 · Travel

  total $45,743 · program services $6,139 · management and general $24,807 · fundraising $14,797

• 19 · Conferences, conventions and meetings

  total $146,348 · program services $55,490 · management and general $54,792 · fundraising $36,066

• 20 · Interest

  total $98,376 · management and general $98,376

• 22 · Depreciation, depletion and amortization

  total $260,705 · management and general $260,705

• 23 · Insurance

  total $44,949 · management and general $44,949

• 24a · Other expenses: OTHER EXPENSES

  total $271,968 · program services $220,312 · management and general $51,656

• 24b · Other expenses: SUBSCRIPTIONS & MEMBERS

  total $38,702 · program services $11,362 · management and general $14,346 · fundraising $12,994

• 24c · Other expenses: ANNUITY DISCOUNT AMORTI

  total $11,545 · management and general $11,545

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,047,610 · end of year $4,574,416

• 3 · Pledges and grants receivable

  beginning of year $1,127,660 · end of year $395,090

• 9 · Prepaid expenses and deferred charges

  beginning of year $118,569 · end of year $138,561

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

  $353,164

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

  $179,597

• 10c · Land, buildings and equipment, net

  beginning of year $221,226 · end of year $173,567

• 11 · Investments: publicly traded securities

  beginning of year $79,873,986 · end of year $78,221,017

• 12 · Investments: other securities

  beginning of year $163,055,169 · end of year $191,542,237

• 15 · Other assets

  beginning of year $3,424,067 · end of year $3,218,149

• 17 · Accounts payable and accrued expenses

  beginning of year $293,087 · end of year $271,360

• 18 · Grants payable

  beginning of year $2,961,320 · end of year $2,568,478

• 25 · Other liabilities

  beginning of year $12,389,043 · end of year $12,860,027

• 27 · Net assets without donor restrictions

  beginning of year $231,907,271 · end of year $259,814,688

• 28 · Net assets with donor restrictions

  beginning of year $3,317,566 · end of year $2,748,484

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PAYS FOR THE CEO'S MEMBERSHIP TO CERTAIN SOCIAL CLUBS FOR BUSINESS PURPOSES. THESE ARE NOT INCLUDED IN HER TAXABLE COMPENSATION.

PART I, LINE 1B

THE CEO'S BUSINESS EXPENSES ARE REVIEWED QUARTERLY BY THE BOARD CHAIR, ITEMIZED WITH FOOTNOTES.

PART I, LINE 7

THE CEO CONTRACT ALLOWS FOR A SUBJECTIVE BONUS SET BY THE COMPENSATION COMMITTEE OR THE BOARD ANNUALLY OF UP TO 15% OF BASE COMPENSATION. BONUSES FOR OTHER EMPLOYEES ARE AT THE DISCRETION OF THE CEO.

Disregarded entities

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

• BCF HOLDINGS I LLC

  INVESTMENT HOLDING COMPANY · MD · income $0 · assets $7

  Directly controlled by BALTIMORE COMMUNITY FOUNDATION INC

• BCF HOLDINGS II LLC

  INVESTMENT HOLDING COMPANY · MD · income $0 · assets $0

  Directly controlled by BALTIMORE COMMUNITY FOUNDATION INC