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← TRI-COUNTY COUNCIL FOUNDATION INC

Form 990 for tax year 2022

Filed by TRI-COUNTY COUNCIL FOUNDATION INC.

Totals

Total revenue
$4,876,829
Total expenses
$4,852,983
Contributions and grants received
$269,636
Grants paid
$0
Program service revenue
$4,607,193
Investment income
$0
Other revenue
$0
Total assets, end of year
$413,578
Total liabilities, end of year
$204,410
Net assets or fund balances, end of year
$209,168
Program services expenses (Part IX)
$4,852,983
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,852,983

Program services were 100.0% 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

    $269,636

  • 2a · Program service revenue: EMPLOYMENT SERVICES

    total $4,258,479 · related or exempt $4,258,479

  • 2b · Program service revenue: OTHER ACTIVITIES - SOC

    total $348,714 · related or exempt $348,714

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,688,646 · program services $3,688,646

  • 10 · Payroll taxes

    total $569,833 · program services $569,833

  • 11a · Fees: management

    total $60,986 · program services $60,986

  • 13 · Office expenses

    total $1,836 · program services $1,836

  • 16 · Occupancy

    total $2,913 · program services $2,913

  • 17 · Travel

    total $178,678 · program services $178,678

  • 19 · Conferences, conventions and meetings

    total $7,306 · program services $7,306

  • 24a · Other expenses: SPECIAL EVENTS

    total $182,831 · program services $182,831

  • 24b · Other expenses: CONSULTANT AND LEGAL

    total $148,251 · program services $148,251

  • 24c · Other expenses: SUPPLIES

    total $11,264 · program services $11,264

  • 24d · Other expenses: BANK/MERCHANT FEES

    total $425 · program services $425

  • 24e · All other expenses

    total $14 · program services $14

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $362,480 · end of year $327,033

  • 3 · Pledges and grants receivable

    beginning of year $3,000 · end of year $19,045

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,000 · end of year $67,500

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

    $11,126

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

    $11,126

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,090 · end of year $6,289

  • 19 · Deferred revenue

    beginning of year $152,068 · end of year $198,121

  • 29 · Capital stock, trust principal or current funds

    beginning of year $185,322 · end of year $209,168

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO SUPPORT ECONOMIC DEVELOPMENT, JOB GROWTH, RETENTION AND DEVELOPMENT OF THE LOWER EASTERN SHORE OF MARYLAND AND VIRGINIA.

Activities or mission (Part I)

TO PROMOTE ECONOMIC DEVELOPMENT, JOB GROWTH, RETENTION AND DEVELOPMENT OF THE LOWER EASTERN SHORE OF MARYLAND AND VIRGINIA.

  • TO SUPPORT ECONOMIC DEVELOPMENT, JOB GROWTH, RETENTION AND DEVELOPMENT OF THE LOWER EASTERN SHORE OF MARYLAND AND VIRGINIA. THESE ACTIVITIES ARE PRIMARILY FUNDED THROUGH GRANT AWARDS.

    Expenses $4,852,983 · Revenue $4,607,193

As filed on the 2022 return.

Listed in Part VII

  • Ted Elder

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Eldon Willing

    1ST VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • James Winn

    2ND VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Joe Mitrecic

    3RD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jeff Merritt

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Randy Laird

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Senator Mary Beth Carozza

    AT-LARGE

    Total calculated
    $0
    Hours/week
    5

  • John Cannon

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations 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.

  • TRI-COUNTY COUNCIL FOR THE LOWER EASTERN SHORE OF MARYLAND

    ADMINISTER GRANTS FOR TRANSPORTATION, ECONOMIC AND WORKFORCE DEVELOPMENT · MD

Provenance

Return type
form_990
Tax year
2022
Filed
5 February 2024
IRS schema version
2022v5.0
Source object
202420379349301367

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