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Nonprofiteer
← ST MARYS COLLEGE OF MARYLAND FOUNDATION INC

Form 990 for tax year 2022

Filed by ST MARYS COLLEGE OF MARYLAND FOUNDATION INC.

Totals

Total revenue
$7,183,958
Total expenses
$4,148,879
Contributions and grants received
$6,162,360
Grants paid
$2,847,433
Program service revenue
$174,934
Investment income
$846,664
Other revenue
$0
Total assets, end of year
$52,060,070
Total liabilities, end of year
$864,747
Net assets or fund balances, end of year
$51,195,323
Program services expenses (Part IX)
$3,478,446
Management and general expenses
$509,698
Fundraising expenses
$160,735
Program service expenses (Part III)
$3,478,446

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BONNIE GREEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • PAUL SCHULTHEIS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • CHRISTOPHER HOLT

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • EDWARD SIRIANNO

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • THOMASINA HIERS-JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • BLU PUTNAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • MICHAEL O'BRIEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • DANIEL SCHIFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • R SCOTT RASPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • SUSAN PAUL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • NICOLE WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • BRITTANY GORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • CAROLYN CURRY

    EXECUTIVE DIRECTOR

    Total calculated
    $266,384
    From this org
    $0
    From related orgs
    $239,003
    Other
    $27,381
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,622 related
    Bonus
    $0
    Other
    $0 + $25,381 related
    Deferred
    $0 + $17,474 related
    Nontaxable benefits
    $0 + $9,907 related
    Filer's total
    $0 + $266,384 related
  • JACQUELINE WRIGHT

    DIRECTOR OF FOUND. FIN. AND ADMIN.

    Total calculated
    $143,471
    From this org
    $0
    From related orgs
    $109,497
    Other
    $33,974
    Hours/week
    40

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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR IS COMPENSATED BY ST. MARY'S COLLEGE, A RELATED TAX-EXEMPT ORGANIZATION. FOLLOWING THE ANNUAL PERFORMANCE EVALUATION BY THE PRESIDENT OF THE COLLEGE, A COMPENSATION MERIT INCREASE PERCENTAGE IS DETERMINED ANNUALLY. ADDITIONALLY, THE EXECUTIVE DIRECTOR RECEIVES COST OF LIVING ADJUSTMENTS (COLA) WAGE INCREASES (PERCENTAGE) AS AND WHEN DETERMINED BY THE STATE OF MARYLAND FOR OUR AGENCY.

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
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202440949349301219

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