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Nonprofiteer
← COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INCORPORATED

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INCORPORATED.

Totals

Total revenue
$23,558,636
Total expenses
$12,812,566
Contributions and grants received
$11,455,012
Grants paid
$9,694,020
Program service revenue
$0
Investment income
$12,103,624
Other revenue
$0
Total assets, end of year
$211,221,771
Total liabilities, end of year
$13,452,102
Net assets or fund balances, end of year
$197,769,669
Program services expenses (Part IX)
$10,579,764
Management and general expenses
$1,523,123
Fundraising expenses
$709,679
Program service expenses (Part III)
$10,579,764

Program services were 82.6% 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)

    $23,500

  • 1f · All other contributions, gifts and grants

    $11,431,512

  • 1g · Noncash contributions included above

    $10,948,448

  • 3 · Investment income

    total $6,690,012 · excluded $6,690,012

  • 7a · Gross sales of assets other than inventory

    securities $37,678,366

  • 7b · Less cost or other basis and sales expenses

    securities $32,264,754

  • 7c · Gain or loss

    securities $5,413,612

  • 7d · Net gain or loss

    total $5,413,612 · excluded $5,413,612

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,965,282 · program services $6,965,282

  • 2 · Grants to domestic individuals

    total $2,728,738 · program services $2,728,738

  • 5 · Compensation of officers, directors and key employees

    total $498,558 · program services $161,109 · management and general $268,651 · fundraising $68,798

  • 7 · Other salaries and wages

    total $1,156,813 · program services $409,713 · management and general $296,731 · fundraising $450,369

  • 8 · Pension plan contributions

    total $26,370 · program services $7,480 · management and general $10,037 · fundraising $8,853

  • 9 · Other employee benefits

    total $93,379 · program services $28,694 · management and general $33,993 · fundraising $30,692

  • 10 · Payroll taxes

    total $112,788 · program services $50,485 · management and general $35,388 · fundraising $26,915

  • 11c · Fees: accounting

    total $39,274 · program services $8,248 · management and general $31,026

  • 11f · Fees: investment management

    total $658,098 · management and general $658,098

  • 11g · Fees: other

    total $36,600 · program services $13,228 · management and general $144 · fundraising $23,228

  • 12 · Advertising and promotion

    total $14,181 · program services $3,582 · management and general $7,949 · fundraising $2,650

  • 13 · Office expenses

    total $37,431 · program services $15,554 · management and general $17,389 · fundraising $4,488

  • 14 · Information technology

    total $155,564 · program services $82,830 · management and general $51,664 · fundraising $21,070

  • 16 · Occupancy

    total $87,967 · program services $31,668 · management and general $26,297 · fundraising $30,002

  • 17 · Travel

    total $1,635 · program services $93 · management and general $112 · fundraising $1,430

  • 19 · Conferences, conventions and meetings

    total $12,370 · program services $10,604 · management and general $208 · fundraising $1,558

  • 22 · Depreciation, depletion and amortization

    total $26,144 · program services $9,412 · management and general $14,118 · fundraising $2,614

  • 23 · Insurance

    total $24,578 · program services $10,075 · management and general $11,679 · fundraising $2,824

  • 24a · Other expenses: EVENTS

    total $57,600 · program services $25,266 · management and general $12,933 · fundraising $19,401

  • 24b · Other expenses: ANNUAL REPORT & NEWSLET

    total $33,651 · program services $7,714 · management and general $18,223 · fundraising $7,714

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $22,565 · program services $2,115 · management and general $13,377 · fundraising $7,073

  • 24d · Other expenses: OTHER EXPENSE

    total $19,418 · program services $7,874 · management and general $11,544

  • 24e · All other expenses

    total $3,562 · management and general $3,562

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,345,925 · end of year $1,906,973

  • 3 · Pledges and grants receivable

    beginning of year $130,582 · end of year $866,381

  • 9 · Prepaid expenses and deferred charges

    beginning of year $126,124 · end of year $130,583

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

    $690,169

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

    $595,503

  • 10c · Land, buildings and equipment, net

    beginning of year $112,620 · end of year $94,666

  • 11 · Investments: publicly traded securities

    beginning of year $178,302,734 · end of year $200,752,608

  • 15 · Other assets

    beginning of year $13,316,708 · end of year $7,470,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,621,207 · end of year $346,227

  • 25 · Other liabilities

    beginning of year $11,505,590 · end of year $13,105,875

  • 27 · Net assets without donor restrictions

    beginning of year $155,498,262 · end of year $165,763,593

  • 28 · Net assets with donor restrictions

    beginning of year $24,709,634 · end of year $32,006,076

Mission and programs · 2024

Mission

THE COMMUNITY FOUNDATION IS DEDICATED TO CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER TO ENRICH THE QUALITY OF LIFE IN FREDERICK COUNTY NOW AND FOR FUTURE GENERATIONS.

Activities or mission (Part I)

GENEROUS DONORS CREATE POSITIVE IMPACT IN THE LIVES OF FREDERICK COUNTY CITIZENS THROUGH GRANTS AND SCHOLARSHIPS. IN FY2025, GRANTS TOTALING $6,910,542 BENEFITED XXX NONPROFITS SERVING THE COMMUNITY, SUPPORTING THEIR CRITICAL PROGRAMS AND PROVIDING SERVICES TO THOUSANDS OF RESIDENTS. SCHOLARSHIPS FOR POST-SECONDARY STUDY (INCLUDING CAREER TRAINING) TOTALING $2,402,826 WERE AWARDED TO 419 STUDENTS. AS A RESULT, THE WELLBEING, GROWTH, AND SUCCESS OF FREDERICK COUNTY CITIZENS AND OUR COMMUNITY-AT-LARGE WERE IMPROVED, AND COMMUNITY MEMBERS WERE MOTIVATED TO PARTICIPATE IN COMMUNITY FOUNDATION INITIATIVES.

  • STRATEGIC INITIATIVE GRANTS - THE COMMUNITY FOUNDATION IDENTIFIES COMMUNITY NEEDS THROUGH PERIODIC ASSESSMENTS AND, BASED UPON THESE FINDINGS, DETERMINES STRATEGIC PRIORITIES FOR ITS DISCRETIONARY GRANTMAKING. QUALIFIED 501C3 ORGANIZATIONS AND GOVERNMENT/QUASI-GOVERNMENT ENTITIES APPLYING FOR FUNDING PROGRAMS NOT NORMALLY PROVIDED THROUGH TAX REVENUE MAY APPLY FOR STRATEGIC FUNDING. APPLICANTS PARTICIPATE IN A RIGOROUS REVIEW PROCESS CONDUCTED BY THE COMMUNITY FOUNDATION'S VOLUNTEER GRANTS COMMITTEE. APPLICANTS MUST BE IN GOOD STANDING WITH ALL STATE AND FEDERAL REGISTRATIONS, AND MUST PROVIDE DESCRIPTIONS OF THEIR PROGRAMS, UNITS OF SERVICE, EXPECTED OUTCOMES, AND DETAILED FINANCIAL INFORMATION. REQUIRED REPORTS ENSURE ACCOUNTABILITY.

    Expenses $711,143 · Grants $488,911

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $3,170,017 · Grants $2,728,738

  • IMPACT AND OTHER GRANTS - THE COMMUNITY FOUNDATION ADMINISTERS GRANTS FROM FIELD OF INTEREST, DONOR-ADVISED AND DESIGNATED FUNDS ESTABLISHED BY DONORS WHO WANT TO CREATE IMPACT AND SUPPORT THEIR FAVORITE CAUSES. FIELD OF INTEREST FUND FOUNDERS SPECIFY GENERAL AREAS FOR THE COMMUNITY FOUNDATION TO DIRECT ITS GRANTMAKING, BUT NOT SPECIFIC NONPROFITS. DONOR-ADVISED FUND FOUNDERS RECOMMEND GRANTS FROM THEIR FUNDS, WITH THE COMMUNITY FOUNDATION BOARD OF TRUSTEES HAVING FINAL APPROVAL. GRANTS FROM DESIGNATED FUNDS SUPPORT THE COMMUNITY CAUSES IDENTIFIED IN THE AGREEMENT EXECUTED WHEN THE DONOR ESTABLISHED THE FUND WITH THE COMMUNITY FOUNDATION. ALL GRANTEES MUST BE IN GOOD STANDING WITH ALL STATE AND FEDERAL REGISTRATIONS AND SOME MUST PROVIDE DESCRIPTIONS OF THE IMPACT OF THEIR PROGRAMS AND REPORTS TO ENSURE ACCOUNTABILITY.

    Expenses $6,698,604 · Grants $6,476,371

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Abbie Ricketts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alejandro Canadas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Angela Dredden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ashleigh Rossi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Beatrice Reaver

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Brandon Cannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brandon Chapman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Carmen Hernandez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Darryn Naylin

    PAST TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Weigelt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Deepak Kini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Detric Kemp

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Gordon Cooley

    PAST TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ian Bartman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jean Joyce

    PAST TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Clingan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joshua Donofry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Justin Saltzman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Chaney

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Linda Morgan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Louanne Welgoss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Patti Maluchnik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paul Rose

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Raeann Butler

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Richard Pearrell

    PAST TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Shawn Wolf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Veronica D Lowe

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • William Randall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Y Day

    PRESIDENT & CEO

    Total calculated
    $260,038
    From this org
    $233,709
    From related orgs
    $0
    Other
    $26,329
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $223,709
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,348
    Nontaxable benefits
    $16,981
    Filer's total
    $260,038
  • Gail M Fitzgerald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $218,543
    From this org
    $193,409
    From related orgs
    $0
    Other
    $25,134
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,909
    Bonus
    $2,500
    Other
    $0
    Deferred
    $7,736
    Nontaxable benefits
    $17,398
    Filer's total
    $218,543
  • Kimberly Liddick - Byrnes

    DIRECTOR OF MARKETING & COM

    Total calculated
    $124,990
    From this org
    $110,349
    From related orgs
    $0
    Other
    $14,641
    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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611349349306726

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.