BALTIMORE CIVIC FUND INC

EIN: 521212473 501(c)(3) Philanthropy & Grantmaking

BALTIMORE, MD

Total Revenue
$24,212,553
Total Expenses
$20,763,323
Total Assets
$25,358,903
Net Assets
$13,838,480
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MD
Principal Officer
HYESOOK CHUNG
Phone
4435406113
Tax Period
2023-07-01 to 2024-06-30

BALTIMORE CIVIC FUND INC, founded in 1981, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $24.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $20.8M left a modest 14% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $4,566,668 Revenue: $4,566,668

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

Program 2
Expenses: $2,341,809 Revenue: $2,435,422

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

Program 3
Expenses: $1,623,457 Revenue: $1,623,457

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $23,736,587
Program Service Revenue $0
Investment Income $475,966
Other Revenue $0
TOTAL REVENUE $24,212,553

Expense Breakdown

Grants Paid $5,980,947
Salaries & Benefits $1,249,617
Fundraising Expenses $0
Program Expenses $19,009,573
Other Expenses $13,532,759
TOTAL EXPENSES $20,763,323

Year-over-Year Comparison

2023 2022 Change
Revenue $24,212,553 $19,730,196 +0.2%
Expenses $20,763,323 $19,996,210 +0.0%
Net Income $3,449,230 $-266,014 -14.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
16
Volunteers
6

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$246,068
Total Directors
7
$246,068
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HYESOOK CHUNG CEO & BOARD 40.00
Officer Director
$226,894 $19,174 $246,068
LEA FERGUSON COO 40.00
Highest
$167,343 $7,480 $174,823
RACHEL DONEGAN DIRECTOR OF 40.00
Highest
$129,163 $15,419 $144,582
DR JOHN BROTHERS BOARD PRESID 1.00
Director
$0 $0 $0
BYRON T DEESE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MARVIN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MOISEYEV BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE SCHWARTZ BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXANDRA ALLI SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $24,212,553 $20,763,323 $25,358,903 $3,449,230
2023 $19,730,196 $19,996,210 $19,294,079 $-266,014
2023 $19,730,196 $19,996,210 $19,294,079 $-266,014
2022 $19,065,355 $28,006,535 $18,442,835 $-8,941,180
2022 $20,554,138 $28,023,857 $21,761,991 $-7,469,719
2021 $25,532,138 $13,291,082 $20,625,141 $12,241,056
2019 $5,166,457 $5,235,218 $9,110,888 $-68,761
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