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Nonprofiteer
← SECU MD FOUNDATION INC

Form 990 for tax year 2023

Filed by SECU MD FOUNDATION INC.

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 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 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 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 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 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 Gardner

    DIRECTOR

    Total calculated
    $31,093
    From this org
    $0
    From related orgs
    $31,093
    Other
    $0
    Hours/week
    1 + 1 related
  • Gayle 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

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349309368

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