Skip to content
Nonprofiteer
← BALTIMORE CIVIC FUND INC

Form 990 for tax year 2023

Filed by BALTIMORE CIVIC FUND INC.

Totals

Total revenue
$24,212,553
Total expenses
$20,763,323
Contributions and grants received
$23,736,587
Grants paid
$5,980,947
Program service revenue
$0
Investment income
$475,966
Other revenue
$0
Total assets, end of year
$25,358,903
Total liabilities, end of year
$11,520,423
Net assets or fund balances, end of year
$13,838,480
Program services expenses (Part IX)
$19,009,573
Management and general expenses
$1,753,750
Fundraising expenses
$0
Program service expenses (Part III)
$19,009,573

Program services were 91.6% 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.

  • 1e · Government grants (contributions)

    $8,301,041

  • 1f · All other contributions, gifts and grants

    $15,435,546

  • 1g · Noncash contributions included above

    $8,902

  • 3 · Investment income

    total $475,966 · excluded $475,966

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,980,947 · program services $5,980,947

  • 5 · Compensation of officers, directors and key employees

    total $232,290 · program services $2,493 · management and general $229,797

  • 7 · Other salaries and wages

    total $831,786 · program services $9,449 · management and general $822,337

  • 8 · Pension plan contributions

    total $31,297 · program services $159 · management and general $31,138

  • 9 · Other employee benefits

    total $78,135 · management and general $78,135

  • 10 · Payroll taxes

    total $76,109 · program services $1,309 · management and general $74,800

  • 11b · Fees: legal

    total $70,162 · management and general $70,162

  • 11c · Fees: accounting

    total $143,730 · management and general $143,730

  • 11f · Fees: investment management

    total $32,523 · management and general $32,523

  • 11g · Fees: other

    total $10,873,124 · program services $10,843,244 · management and general $29,880

  • 12 · Advertising and promotion

    total $137,628 · program services $137,628

  • 13 · Office expenses

    total $563,887 · program services $506,495 · management and general $57,392

  • 14 · Information technology

    total $109,082 · program services $26,153 · management and general $82,929

  • 16 · Occupancy

    total $606,905 · program services $524,958 · management and general $81,947

  • 19 · Conferences, conventions and meetings

    total $38,205 · program services $37,028 · management and general $1,177

  • 23 · Insurance

    total $23,369 · program services $13,717 · management and general $9,652

  • 24a · Other expenses: PROGRAM EXPENSES

    total $934,144 · program services $925,993 · management and general $8,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,476,452 · end of year $11,323,884

  • 4 · Accounts receivable

    beginning of year $4,256,360 · end of year $4,190,473

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,043 · end of year $2,043

  • 11 · Investments: publicly traded securities

    beginning of year $8,382,712 · end of year $9,717,075

  • 15 · Other assets

    beginning of year $176,512 · end of year $125,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,566,587 · end of year $2,604,394

  • 19 · Deferred revenue

    beginning of year $6,097,105 · end of year $6,786,842

  • 23 · Secured mortgages and notes payable

    beginning of year $2,428,571 · end of year $2,000,000

  • 25 · Other liabilities

    beginning of year $179,454 · end of year $129,187

  • 27 · Net assets without donor restrictions

    beginning of year $2,247,783 · end of year $4,105,316

  • 28 · Net assets with donor restrictions

    beginning of year $6,774,579 · end of year $9,733,164

Mission and programs · 2023

Mission

THE BALTIMORE CIVIC FUND WORKS TO CONNECT GOVERNMENT AND PHILANTHROPY TO IMPROVE RESIDENTS' QUALITY OF LIFE. OUR MISSION IS TO EXPAND ACCESS TO THE CRITICAL ASSETS, RESOURCES, AND OPPORTUNITIES NECESSARY TO ENSURE THE VITALITY OF BALTIMORE'S RESIDENTS AND COMMUNITIES.

Activities or mission (Part I)

THE BALTIMORE CIVIC FUND WORKS TO CONNECT GOVERNMENT AND PHILANTHROPY TO IMPROVE RESIDENTS QUALITY OF LIFE. OUR MISSION IS TO EXPAND ACCESS TO THE CRITICAL ASSETS, RESOURCES, AND OPPORTUNITIES NECESSARY TO ENSURE THE VITALITY OF BALTIMORE'S RESIDENTS AND COMMUNITIES.

  • GRANTMAKING TO COMMUNITY-BASED ORGANIZATIONS TO PERFORM COMMUNITY CLEAN UP AND PROVIDE WORKFORCE DEVELOPMENT FOR MARGINALIZED POPULATIONS.

    Expenses $4,566,668 · Grants $4,061,386 · Revenue $4,566,668

  • TO SUPPORT YOUTHWORKS PROGRAM TO CREATE A MEANINGFUL PAID EMPLOYMENT OPPORTUNITY THAT ENHANCES YOUTH JOB SKILLS.

    Expenses $2,341,809 · Revenue $2,435,422

  • PROMOTE COMMUNITY WELL-BEING, ECONOMIC DEVELOPMENT, AND THE INTEGRATION OF IMMIGRANT COMMUNITIES BY IDENTIFYING NEEDS AND OPPORTUNITIES THAT IMMIGRANTS BRING TO OUR COMMUNITIES.

    Expenses $1,623,457 · Revenue $1,623,457

  • VARIOUS PROJECTS AND PROGRAMS THAT IMPROVE THE GENERAL WELFARE OF THE CITIZENS AND CITY OF BALTIMORE.

    Expenses $10,477,639 · Grants $1,919,561

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hyesook Chung

    CEO & BOARD

    Total calculated
    $246,068
    From this org
    $226,894
    From related orgs
    $0
    Other
    $19,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,894
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,174
    Nontaxable benefits
    not reported
    Filer's total
    $246,068

  • Lea Ferguson

    COO

    Total calculated
    $174,823
    From this org
    $167,343
    From related orgs
    $0
    Other
    $7,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,343
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,480
    Nontaxable benefits
    not reported
    Filer's total
    $174,823

  • Rachel Donegan

    DIRECTOR OF

    Total calculated
    $144,582
    From this org
    $129,163
    From related orgs
    $0
    Other
    $15,419
    Hours/week
    40

  • Dr John Brothers

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Byron T Deese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Marvin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Moiseyev

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laurie Schwartz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Alli Smith

    BOARD MEMBER

    Total calculated
    $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

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349303635

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

The source document this was parsed from is served over the API, which is where bulk and document access live.