Totals
- Total revenue
- $98,946
- Total expenses
- $883,705
- Contributions and grants received
- $72,020
- Grants paid
- $832,563
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $26,926
- Total assets, end of year
- $462,861
- Total liabilities, end of year
- $427,821
- Net assets or fund balances, end of year
- $35,040
- Program services expenses (Part IX)
- $832,563
- Management and general expenses
- $51,142
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $832,563
Program services were 94.2% 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
$72,020
-
8a · Fundraising events: gross income
$94,000
-
8b · Fundraising events: direct expenses
$67,074
-
8c · Net income from fundraising events
total $26,926 · excluded $26,926
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $716,563 · program services $716,563
-
2 · Grants to domestic individuals
total $116,000 · program services $116,000
-
11c · Fees: accounting
total $26,870 · management and general $26,870
-
11g · Fees: other
total $2,100 · management and general $2,100
-
13 · Office expenses
total $6,659 · management and general $6,659
-
14 · Information technology
total $14,482 · management and general $14,482
-
23 · Insurance
total $1,031 · management and general $1,031
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $892,001 · end of year $422,875
-
4 · Accounts receivable
beginning of year $14,480 · end of year $34,150
-
9 · Prepaid expenses and deferred charges
beginning of year $5,433 · end of year $5,836
-
17 · Accounts payable and accrued expenses
beginning of year $244 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $427,821
-
27 · Net assets without donor restrictions
beginning of year $911,670 · end of year $35,040
Mission and programs · 2023
Mission
THE MISSION IS TO CREATE A STRONGER MARYLAND BY EMPOWERING ACCESS TO EDUCATION, SUPPORTING HEALTH AND WELLNESS, AND SERVING AS A CATALYST FOR COMMUNITY DEVELOPMENT.
Activities or mission (Part I)
SECU MD FOUNDATION'S MISSION IS TO CREATE A STRONGER MARYLAND BY EMPOWERING ACCESS TO EDUCATION, SUPPORTING HEALTH AND WELLNESS AND SERVING AS A CATALYST FOR COMMUNITY DEVELOPMENT.
-
THE KINDNESS CAMPAIGN WAS STARTED IN 2020 WITH ONE IDEA IN MIND - THAT EVERY ACT OF KINDNESS, NO MATTER HOW SMALL OR LARGE, MAKES THE WORLD AND OUR COMMUNITIES A BETTER PLACE. IT IS OUR MISSION TO EMPOWER OUR MEMBERS, EMPLOYEES AND MARYLANDERS TO SPREAD KINDNESS AND INSPIRE OTHERS TO DO THE SAME. THROUGH THE SECU MD FOUNDATION AND OUR KINDNESS CAMPAIGN, WE AIM TO POSTIVELY IMPACT THE MARYLAND COMMUNITY BY DOING GOOD WHERE AND WHEN IT'S NEEDED MOST.
Expenses $651,563 · Grants $651,563
-
PROVIDE SCHOLARSHIPS TO INDIVIDUALS TO DEFRAY TUITION COST FOR HIGHER EDUCATION.
Expenses $116,000 · Grants $116,000
-
KINDNESS PARTNER GRANTS
Expenses $65,000 · Grants $65,000
As filed on the 2023 return.
Listed in Part VII
-
Rebecca SmithREBECCA SMITH
PRESIDENT, DIRECTOR
- Total calculated
- $850,911
- From this org
- $0
- From related orgs
- $637,251
- Other
- $213,660
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $426,557 related
- Bonus
- $0 + $200,270 related
- Other
- $0 + $10,424 related
- Deferred
- $0 + $179,537 related
- Nontaxable benefits
- $0 + $34,123 related
- Filer's total
- $0 + $850,911 related
-
John Ena JrJOHN ENA JR
TREASURER, DIRECTOR
- Total calculated
- $405,867
- From this org
- $0
- From related orgs
- $373,923
- Other
- $31,944
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $284,595 related
- Bonus
- $0 + $87,646 related
- Other
- $0 + $1,682 related
- Deferred
- $0 + $24,707 related
- Nontaxable benefits
- $0 + $7,237 related
- Filer's total
- $0 + $405,867 related
-
Roderic FlowersRODERIC FLOWERS
SECRETARY, DIRECTOR
- Total calculated
- $625,929
- From this org
- $0
- From related orgs
- $434,996
- Other
- $190,933
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $324,326 related
- Bonus
- $0 + $96,659 related
- Other
- $0 + $14,011 related
- Deferred
- $0 + $142,006 related
- Nontaxable benefits
- $0 + $48,927 related
- Filer's total
- $0 + $625,929 related
-
Amy BastaAMY BASTA
DIRECTOR
- Total calculated
- $322,291
- From this org
- $0
- From related orgs
- $287,935
- Other
- $34,356
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $221,620 related
- Bonus
- $0 + $65,310 related
- Other
- $0 + $1,005 related
- Deferred
- $0 + $19,344 related
- Nontaxable benefits
- $0 + $15,012 related
- Filer's total
- $0 + $322,291 related
-
Janelle BurgoyneJANELLE BURGOYNE
DIRECTOR
- Total calculated
- $574,234
- From this org
- $0
- From related orgs
- $398,335
- Other
- $175,899
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $258,943 related
- Bonus
- $0 + $96,835 related
- Other
- $0 + $42,557 related
- Deferred
- $0 + $140,611 related
- Nontaxable benefits
- $0 + $35,288 related
- Filer's total
- $0 + $574,234 related
-
Ellen GardnerELLEN GARDNER
DIRECTOR
- Total calculated
- $31,093
- From this org
- $0
- From related orgs
- $31,093
- Other
- $0
- Hours/week
- 1 + 1 related
-
Gayle SewardGAYLE SEWARD
DIRECTOR
- Total calculated
- $27,095
- From this org
- $0
- From related orgs
- $27,095
- Other
- $0
- Hours/week
- 1 + 1 related
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
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
-
$437,379
GENERAL SUPPORT
-
GENERAL SUPPORT
-
$25,000
GENERAL SUPPORT
-
$25,000
GENERAL SUPPORT
-
$10,000
GENERAL SUPPORT
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.
-
STATE EMPLOYEES CREDIT UNION OF MARYLAND INC
501(C)(14) · SEE SUPPLEMENTAL EXPLANATION · MD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349309368
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