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Nonprofiteer
← COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY INC

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY INC.

Totals

Total revenue
$6,555,142
Total expenses
$4,733,056
Contributions and grants received
$5,920,393
Grants paid
$3,834,877
Program service revenue
$18,111
Investment income
$617,446
Other revenue
-$808
Total assets, end of year
$26,887,438
Total liabilities, end of year
$1,900,288
Net assets or fund balances, end of year
$24,987,150
Program services expenses (Part IX)
$4,216,222
Management and general expenses
$288,066
Fundraising expenses
$228,768
Program service expenses (Part III)
$4,216,222

Program services were 89.1% 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

    $63,349

  • 1f · All other contributions, gifts and grants

    $5,857,044

  • 1g · Noncash contributions included above

    $139,992

  • 2a · Program service revenue: PROGRAM FEES

    total $4,629 · related or exempt $4,629

  • 2b · Program service revenue: MANAGEMENT FEES

    total $13,482 · related or exempt $13,482

  • 3 · Investment income

    total $624,111 · excluded $624,111

  • 7a · Gross sales of assets other than inventory

    securities $2,460,971

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

    securities $2,467,636

  • 7c · Gain or loss

    securities -$6,665

  • 7d · Net gain or loss

    total -$6,665

  • 8a · Fundraising events: gross income

    $22,102

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

    $63,349

  • 8b · Fundraising events: direct expenses

    $22,910

  • 8c · Net income from fundraising events

    total -$808

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,834,877 · program services $3,834,877

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $165,939 · program services $70,585 · management and general $45,307 · fundraising $50,047

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $341,562 · program services $147,043 · management and general $92,642 · fundraising $101,877

  • 8 · Pension plan contributions

    total $6,055 · program services $1,765 · management and general $1,938 · fundraising $2,352

  • 9 · Other employee benefits

    total $1,016 · program services $296 · management and general $325 · fundraising $395

  • 10 · Payroll taxes

    total $41,412 · program services $18,240 · management and general $11,104 · fundraising $12,068

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $12,210 · program services $5,128 · management and general $3,541 · fundraising $3,541

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $76,934 · management and general $76,934

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $18,613 · program services $14,839 · fundraising $3,774

  • 13 · Office expenses

    total $50,111 · program services $21,644 · management and general $15,015 · fundraising $13,452

  • 14 · Information technology

    total $34,312 · program services $14,410 · management and general $9,951 · fundraising $9,951

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $94,489 · program services $39,685 · management and general $27,402 · fundraising $27,402

  • 17 · Travel

    total $364 · program services $182 · fundraising $182

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,435 · program services $603 · management and general $416 · fundraising $416

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,095 · program services $1,719 · management and general $1,188 · fundraising $1,188

  • 23 · Insurance

    total $7,321 · program services $3,075 · management and general $2,123 · fundraising $2,123

  • 24a · Other expenses: CREDIT CARD FEES

    total $12,283 · program services $12,103 · management and general $180

  • 24b · Other expenses: LIFE INSURANCE PREMIUMS

    total $20,148 · program services $20,148

  • 24c · Other expenses: ESTATE PLANNING COUNCIL EDUC EXPENSE

    total $9,880 · program services $9,880

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,196,737 · end of year $1,533,529

  • 3 · Pledges and grants receivable

    beginning of year $2,688,784 · end of year $2,530,158

  • 4 · Accounts receivable

    end of year $2,500

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

    $27,725

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

    $14,421

  • 10c · Land, buildings and equipment, net

    beginning of year $14,366 · end of year $13,304

  • 11 · Investments: publicly traded securities

    beginning of year $22,394,226 · end of year $22,518,238

  • 15 · Other assets

    beginning of year $378,979 · end of year $289,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,828 · end of year $26,936

  • 18 · Grants payable

    beginning of year $17,174 · end of year $479,701

  • 19 · Deferred revenue

    beginning of year $6,042 · end of year $1,129,409

  • 25 · Other liabilities

    beginning of year $331,584 · end of year $264,242

  • 27 · Net assets without donor restrictions

    beginning of year $1,132,686 · end of year $1,087,558

  • 28 · Net assets with donor restrictions

    beginning of year $25,115,778 · end of year $23,899,592

Mission and programs · 2022

Mission

ASSEMBLE MANAGE A POOL OF CHARITABLE ASSETS TO SUPPORT LOCAL CHARITABLE ORGANIZATIONS AND FOSTER CHARITABLE GIVING.

  • TO PROMOTE PHILANTHROPY, HELP TO IDENTIFY CRITICAL NEEDS IN ANNE ARUNDEL COUNTY, PARTNER WITH DONORS TO HELP THEM MEET THEIR PHILANTHROPIC GOALS, AND PROMOTE COLLABORATION TO HELP STRENGTHEN LOCAL NONPROFITS.

    Expenses $4,216,222 · Grants $3,834,877 · Revenue $18,111

As filed on the 2022 return.

Listed in Part VII

  • MARY SPENCER

    PRESIDENT CEO

    Total calculated
    $165,939
    From this org
    $159,808
    From related orgs
    $0
    Other
    $6,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,794
    Nontaxable benefits
    $1,337
    Filer's total
    $165,939

  • JIM HUMPHREY

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • LARRY CLARK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • KAREN WHALEY

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • AMY TATE

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MARY GRACE FOLWELL

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KATE CALDWELL

    ASSIST SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANDREA BEEGLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR CORYSE BRATHWAITE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARL GUTSCHICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANNE HAMEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID IRVING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAWRENCE BURROWS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN MAGNOLIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VINCENT MOULDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER PRATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN ROSSO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL SERINI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTHA VAN WOERKOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NEIL WEISSMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL LEHR

    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. 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 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333129349300843

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

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