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Nonprofiteer
← THE GREATER BALTIMORE BOARD OF REALTORS CHARITABLE FOUNDATION INC

Form 990 for tax year 2022

Filed by THE GREATER BALTIMORE BOARD OF REALTORS CHARITABLE FOUNDATION INC.

Totals

Total revenue
$238,777
Total expenses
$37,616
Contributions and grants received
$235,129
Grants paid
$15,500
Program service revenue
$0
Investment income
$3,303
Other revenue
$345
Total assets, end of year
$918,868
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$918,868
Program services expenses (Part IX)
$18,428
Management and general expenses
$16,260
Fundraising expenses
$2,928
Program service expenses (Part III)
$18,428

Program services were 49.0% 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.

  • 1c · Fundraising events

    $1,250

  • 1d · Related organizations

    $185,000

  • 1f · All other contributions, gifts and grants

    $48,879

  • 3 · Investment income

    total $27,359 · excluded $27,359

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $404,485

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

    securities $428,541

  • 7c · Gain or loss

    securities -$24,056 · other assets $0

  • 7d · Net gain or loss

    total -$24,056

  • 8a · Fundraising events: gross income

    $1,525

  • 8a · Fundraising events: contributions included on line 1c

    $1,250

  • 8b · Fundraising events: direct expenses

    $1,341

  • 8c · Net income from fundraising events

    total $184

  • 9a · Gaming: gross income

    $957

  • 9b · Gaming: direct expenses

    $796

  • 9c · Net income from gaming

    total $161

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,500 · program services $15,500

  • 11b · Fees: legal

    total $1,268 · management and general $1,268

  • 11f · Fees: investment management

    total $4,753 · management and general $4,753

  • 11g · Fees: other

    total $7,973 · program services $2,621 · management and general $2,731 · fundraising $2,621

  • 12 · Advertising and promotion

    total $5,370 · management and general $5,370

  • 13 · Office expenses

    total $922 · program services $307 · management and general $308 · fundraising $307

  • 19 · Conferences, conventions and meetings

    total $1,755 · management and general $1,755

  • 22 · Depreciation, depletion and amortization

    total $0

  • 24a · Other expenses: ANNUAL REGISTRATION FEE

    total $75 · management and general $75

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,777 · end of year $52,402

  • 2 · Savings and temporary cash investments

    beginning of year $47,284 · end of year $22,687

  • 3 · Pledges and grants receivable

    beginning of year $2,500 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,919 · end of year $3,405

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $212,796 · end of year $283,703

  • 12 · Investments: other securities

    beginning of year $368,678 · end of year $556,671

  • 27 · Net assets without donor restrictions

    beginning of year $128,503 · end of year $157,602

Mission and programs · 2022

Mission

TheGreaterBaltimoreBoardofREALTORSCharitableFoundation,Inc.supportsandengagesincharitable,civic,educational,andhumanitarianactivitiesandprogramsdesignedtoimprovethequalityoflifeinneighborhoodswithintheBaltimoremetropolitanarea.

Activities or mission (Part I)

The Greater Baltimore Board of REALTORS Charitable Foundation, Inc. supports and engages in charitable, civic, educational, and humanitarian activities and programs designed to improve the quality of life in neighborhoods within the Baltimore metropolitan area.

  • Raise funds and direct contributions to various nonprofit organizations in the Baltimore area in the collective name of the REALTOR community

    Expenses $18,428 · Grants $15,500

As filed on the 2022 return.

Listed in Part VII

  • Patricia Kallmyer

    Chairperson

    Total calculated
    $0
    Hours/week
    1
  • Tracy Carroll

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Richard Duval Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Michelle Fullmer

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Katie Grove

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Linda Harned

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Nancy Hofmann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Al Ingraham

    TRUSTEE

    Total calculated
    $223,766
    From this org
    $0
    From related orgs
    $213,171
    Other
    $10,595
    Hours/week
    1 + 38 related
  • Diana Khan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hope Mims

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thomas Mooney IV

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Murphy

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jean Ottey

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gustavo Ponton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Delano Schmidt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Genie Schwind

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Douglas Smith

    TRUSTEE

    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.

Schedule J

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Alan Ingraham

    CEO

    Schedule J breakdown

    Base
    not reported + $207,984 related
    Bonus
    not reported + $5,187 related
    Other
    not reported + $4,200 related
    Deferred
    not reported + $6,395 related
    Nontaxable benefits
    not reported
    Filer's total
    $0 + $223,766 related

Answered yes

  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

The filer's explanations (Part III)

PART 1 LINE 6B
THE CEO'S BONUS IS CONTINGENT ON 4 FACTORS ONE OF WHICH IS THE RELATED ORGANIZATION ACHIEVING POSITIVE NET INCOME FOR THE FISCAL YEAR

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

No itemized grants to organizations 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
1 November 2023
IRS schema version
2022v5.0
Source object
202313039349301076

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