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Nonprofiteer
← MID-SHORE COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by MID-SHORE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$13,020,459
Total expenses
$8,739,699
Contributions and grants received
$6,460,045
Grants paid
$6,047,169
Program service revenue
$0
Investment income
$6,543,093
Other revenue
$17,321
Total assets, end of year
$122,854,685
Total liabilities, end of year
$10,849,826
Net assets or fund balances, end of year
$112,004,859
Program services expenses (Part IX)
$7,347,702
Management and general expenses
$1,217,934
Fundraising expenses
$174,063
Program service expenses (Part III)
$7,347,702

Program services were 84.1% 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.

  • 1f · All other contributions, gifts and grants

    $6,460,045

  • 1g · Noncash contributions included above

    $743,776

  • 3 · Investment income

    total $3,494,689 · excluded $3,494,689

  • 6a · Gross rents

    real property $11,550

  • 6b · Less rental expenses

    real property $51,725

  • 6c · Rental income or loss

    real property -$40,175

  • 6d · Net rental income or loss

    total -$40,175 · excluded -$40,175

  • 7a · Gross sales of assets other than inventory

    securities $46,083,589

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

    securities $43,035,185

  • 7c · Gain or loss

    securities $3,048,404

  • 7d · Net gain or loss

    total $3,048,404 · related or exempt $3,048,404

  • 11a · Other revenue: ADMINISTRATIVE SERVICES

    total $57,496 · related or exempt $57,496

  • 11e · Other revenue, total

    $57,496

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,785,443 · program services $4,785,443

  • 2 · Grants to domestic individuals

    total $1,236,726 · program services $1,236,726

  • 3 · Grants to foreign organizations and individuals

    total $25,000 · program services $25,000

  • 7 · Other salaries and wages

    total $458,150 · management and general $343,613 · fundraising $114,537

  • 8 · Pension plan contributions

    total $33,426 · management and general $25,070 · fundraising $8,356

  • 9 · Other employee benefits

    total $75,398 · management and general $56,548 · fundraising $18,850

  • 10 · Payroll taxes

    total $35,852 · management and general $26,889 · fundraising $8,963

  • 11c · Fees: accounting

    total $29,805 · management and general $29,805

  • 11f · Fees: investment management

    total $315,068 · management and general $315,068

  • 11g · Fees: other

    total $123,718 · management and general $123,718

  • 12 · Advertising and promotion

    total $11,351 · management and general $5,676 · fundraising $5,675

  • 13 · Office expenses

    total $20,051 · management and general $18,046 · fundraising $2,005

  • 14 · Information technology

    total $148,455 · management and general $148,455

  • 16 · Occupancy

    total $51,725 · management and general $51,725

  • 17 · Travel

    total $1,204 · management and general $602 · fundraising $602

  • 19 · Conferences, conventions and meetings

    total $35,562 · management and general $27,407 · fundraising $8,155

  • 22 · Depreciation, depletion and amortization

    total $1,744 · management and general $1,744

  • 23 · Insurance

    total $12,509 · management and general $12,509

  • 24a · Other expenses: FUND EXPENSES

    total $1,300,533 · program services $1,300,533

  • 24b · Other expenses: MEMBERSHIP, SUBSCRIPTIO

    total $27,680 · management and general $20,760 · fundraising $6,920

  • 24c · Other expenses: OTHER EXPENSES

    total $5,665 · management and general $5,665

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $4,634 · management and general $4,634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,519 · end of year $11,761

  • 2 · Savings and temporary cash investments

    beginning of year $2,711,115 · end of year $6,218,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,954 · end of year $6,579

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

    $2,238,863

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

    $693,676

  • 10c · Land, buildings and equipment, net

    beginning of year $1,570,602 · end of year $1,545,187

  • 11 · Investments: publicly traded securities

    beginning of year $102,702,764 · end of year $113,608,218

  • 15 · Other assets

    beginning of year $7,411,168 · end of year $1,464,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $251,759 · end of year $81,033

  • 18 · Grants payable

    beginning of year $3,754,003 · end of year $3,638,785

  • 25 · Other liabilities

    beginning of year $6,588,627 · end of year $7,130,008

  • 27 · Net assets without donor restrictions

    beginning of year $14,309,579 · end of year $17,539,538

  • 28 · Net assets with donor restrictions

    beginning of year $89,525,154 · end of year $94,465,321

Mission and programs · 2022

Mission

THE FOUNDATION CONNECTS PRIVATE RESOURCES WITH PUBLIC NEEDS TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF CAROLINE, DORCHESTER, KENT, QUEEN ANNE'S AND TALBOT COUNTIES, MARYLAND.

Activities or mission (Part I)

THE FOUNDATION PROVIDES GRANTS TO MID-SHORE RECIPIENTS.

  • EDUCATION/YOUTH DEVELOPMENT - COLLEGE SCHOLARSHIPS FOR NEEDY AND DESERVING STUDENTS. ALSO SUPPORT FOR MID-SHORE INDEPENDENT SCHOOLS AND PUBLIC LIBRARIES.

    Expenses $3,127,522 · Grants $3,127,522

  • HUMAN SERVICES - SUPPORT OF LOCAL HUMAN SERVICES PROGRAMMING

    Expenses $1,849,125 · Grants $1,849,125

  • YOUTH DEVELOPMENT - SUPPORT OF YOUTH SPORTS, ARTS PROGRAMS, SUMMER CAMPS, MENTORING PROGRAMS, SCHOOL FIELD TRIPS AND EXTRACURRICULAR OPPORTUNITIES.

    Expenses $604,183 · Grants $604,183

  • HISTORIC PRESERVATION, HEALTH & DISABILITY, ENVIRONMENT, ARTS & CULTURE AND ANIMAL WELFARE.

    Expenses $1,766,872 · Grants $466,339

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

Listed in Part VII

  • HEATHER GUERIERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALICE RYAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • HARRIETTE LOWERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARON GABRIELIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG MEEKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUTH ANN JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN FOLARIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOLBERT ROWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN MATTHEWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID NAGEL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • E JEAN ANTHONY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN DEOUDES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES LERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FELIX MORRISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET RENNELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOORHEAD VERMILYE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • CLEMENT HATHAWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM CHRISTOPHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH L HOLT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN A LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA LOUKIDES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNY RHODES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY TYLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER BACHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN CASHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE FOX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW MEEHAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NANCY MUGELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE RIDEOUT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRETT SUMMERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BUCK DUNCAN

    PRESIDENT

    Total calculated
    $170,253
    From this org
    $170,253
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,253
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,253

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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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)

PART I, LINE 1B
THE FOUNDATION PAYS FOR THE COUNTRY CLUB AND ROTARY DUES OF THE FOUNDATION'S PRESIDENT. AMONG HIS LIST OF RESPONSIBILITIES IS TO PROMOTE THE FOUNDATION AND WORK TO SOLICIT CHARITABLE CONRIBUTIONS FOR THE FOUNDATION. THE COUNTRY CLUB AND ROTARY MEMBERSHIPS ARE CONSIDERED AN EFFECTIVE WAY TO ASSIST IN THE ACCOMPLISHMENT OF THESE OBJECTIVES.

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 May 2024
IRS schema version
2022v5.0
Source object
202411369349313596

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

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