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Nonprofiteer
← SECU MD FOUNDATION INC

Form 990 for tax year 2024

Filed by SECU MD FOUNDATION INC.

Totals

Total revenue
$471,662
Total expenses
$458,850
Contributions and grants received
$512,809
Grants paid
$276,043
Program service revenue
$0
Investment income
$0
Other revenue
-$41,147
Total assets, end of year
$394,287
Total liabilities, end of year
$346,435
Net assets or fund balances, end of year
$47,852
Program services expenses (Part IX)
$364,478
Management and general expenses
$68,364
Fundraising expenses
$26,008
Program service expenses (Part III)
$364,478

Program services were 79.4% 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.

  • 1c · Fundraising events

    $109,790

  • 1d · Related organizations

    $345,000

  • 1f · All other contributions, gifts and grants

    $58,019

  • 8a · Fundraising events: gross income

    $16,581

  • 8a · Fundraising events: contributions included on line 1c

    $109,790

  • 8b · Fundraising events: direct expenses

    $57,728

  • 8c · Net income from fundraising events

    total -$41,147 · unrelated business $0 · excluded -$41,147

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $154,043 · program services $154,043

  • 2 · Grants to domestic individuals

    total $122,000 · program services $122,000

  • 5 · Compensation of officers, directors and key employees

    total $118,084 · program services $82,659 · management and general $11,808 · fundraising $23,617

  • 10 · Payroll taxes

    total $7,309 · program services $5,116 · management and general $731 · fundraising $1,462

  • 11c · Fees: accounting

    total $36,332 · program services $0 · management and general $36,332 · fundraising $0

  • 13 · Office expenses

    total $9,853 · program services $660 · management and general $2,127 · fundraising $7,066

  • 14 · Information technology

    total $16,241 · program services $0 · management and general $16,241 · fundraising $0

  • 23 · Insurance

    total $1,125 · program services $0 · management and general $1,125 · fundraising $0

  • 24a · Other expenses: GOLF TOURNAMENT SUPPLIES

    total $51,591 · program services $0 · management and general $0 · fundraising $51,591

  • 24b · Other expenses: FUNDRAISING EXPENSES NETTED WITH REVENUE

    total -$57,728 · program services $0 · management and general $0 · fundraising -$57,728

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $422,875 · end of year $388,421

  • 4 · Accounts receivable

    beginning of year $34,150 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,836 · end of year $5,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $427,821 · end of year $346,435

  • 27 · Net assets without donor restrictions

    beginning of year $35,040 · end of year $47,852

Mission and programs · 2024

Mission

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

  • COMMUNITY IMPACT GRANTS TO LOCAL NONPROFIT ORGANIZATIONS SUPPORT CRITICAL ORGANIZATION SERVING MARYLAND COMMUNITIES TO PROMOTE ACCESS TO FOOD, HEALTHCARE AND EDUCATION. SECU MD FOUNDATION IS PROUD TO HONOR OUR ONGOING COMMITMENTS THROUGH THIS GRANT PROGRAM.

    Expenses $242,478 · Grants $154,043

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $122,000 · Grants $122,000

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Rebecca Smith

    PRESIDENT, DIRECTOR

    Total calculated
    $764,488
    From this org
    $0
    From related orgs
    $699,537
    Other
    $64,951
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $446,060 related
    Bonus
    $0 + $242,950 related
    Other
    $0 + $10,527 related
    Deferred
    $0 + $26,694 related
    Nontaxable benefits
    $0 + $35,257 related
    Filer's total
    $0 + $761,488 related

  • Roderic Flowers

    SECRETARY, DIRECTOR

    Total calculated
    $746,742
    From this org
    $0
    From related orgs
    $543,079
    Other
    $203,663
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $363,208 related
    Bonus
    $0 + $165,750 related
    Other
    $0 + $14,121 related
    Deferred
    $0 + $157,858 related
    Nontaxable benefits
    $0 + $45,805 related
    Filer's total
    $0 + $746,742 related

  • Janelle Burgoyne

    DIRECTOR

    Total calculated
    $710,060
    From this org
    $0
    From related orgs
    $517,800
    Other
    $192,260
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $300,878 related
    Bonus
    $0 + $165,715 related
    Other
    $0 + $51,207 related
    Deferred
    $0 + $156,680 related
    Nontaxable benefits
    $0 + $35,580 related
    Filer's total
    $0 + $710,060 related

  • John Ena Jr

    TREASURER, DIRECTOR

    Total calculated
    $500,063
    From this org
    $0
    From related orgs
    $405,443
    Other
    $94,620
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $311,863 related
    Bonus
    $0 + $86,870 related
    Other
    $0 + $6,710 related
    Deferred
    $0 + $86,920 related
    Nontaxable benefits
    $0 + $7,700 related
    Filer's total
    $0 + $500,063 related

  • Amy Basta

    DIRECTOR

    Total calculated
    $357,559
    From this org
    $0
    From related orgs
    $296,080
    Other
    $61,479
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $237,839 related
    Bonus
    $0 + $54,750 related
    Other
    $0 + $3,491 related
    Deferred
    $0 + $23,841 related
    Nontaxable benefits
    $0 + $37,638 related
    Filer's total
    $0 + $357,559 related

  • Charlotte Owsianny

    EXECUTIVE DIRECTOR

    Total calculated
    $98,996
    From this org
    $95,540
    From related orgs
    $0
    Other
    $3,456
    Hours/week
    40

  • Gayle Seward

    DIRECTOR

    Total calculated
    $43,820
    From this org
    $0
    From related orgs
    $43,820
    Other
    $0
    Hours/week
    1

  • Ellen Gardner

    DIRECTOR

    Total calculated
    $38,968
    From this org
    $0
    From related orgs
    $38,968
    Other
    $0
    Hours/week
    1

  • Gina McKight-Smith

    DIRECTOR

    Total calculated
    $22,575
    From this org
    $0
    From related orgs
    $22,575
    Other
    $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

  • 4c · Equity-based compensation arrangement

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

Pt I Line 4c
CERTAIN DIRECTORS PARTICIPATE IN A LONG TERM INCENTIVE PLAN WITH THE RELATED ORGANIZATION. RODERICK FLOWERS RECEIVED $130,000, JANELLE BURGOYNE RECEIVED $130,000 AND JOHN ENA, JR. RECEIVED $58,710 UNDER THIS PLAN.
Pt I Line 3
THE EXECUTIVE DIRECTORS COMPENSATION WAS BENCHMARKED INTERNALLY AGAINST OTHER ROLES TO DETERMINE THE PAY GRADE. COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS BASED ON EXPERIENCE AND EDUCATION WHICH WAS DETERMINED TO HAVE FALLEN WITHIN THE PAY GRADE FOR THE POSITION.

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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513149349302771

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

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