FREDERICK COMMUNITY COLLEGE FOUNDATION INC

EIN: 521231768 501(c)(3)

FREDERICK, MD

Total Revenue
$2,910,584
Total Expenses
$1,327,420
Total Assets
$23,388,902
Net Assets
$23,334,145
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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
FRANK JARBOE SR
Phone
3018462438
Tax Period
2024-07-01 to 2025-06-30

FREDERICK COMMUNITY COLLEGE FOUNDATION INC, founded in 1981, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 54% operating margin.

Mission

THE FOUNDATION PROVIDES SUPPORT TO THE FREDERICK COMMUNITY COLLEGE TO ENHANCE THE AWARDING OF SCHOLARSHIPS TO QUALIFIED STUDENTS AND OTHER PROGRAMS PROVIDED BY THE COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $1,109,758

SCHOLARSHIPS PROVIDED TO FREDERICK COMMUNITY COLLEGE STUDENTS.

Program 2
Expenses: $110,685

PROGRAM SUPPORT TO FREDERICK COMMUNITY COLLEGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $701,960
Program Service Revenue $0
Investment Income $2,154,292
Other Revenue $54,332
TOTAL REVENUE $2,910,584

Expense Breakdown

Grants Paid $1,027,802
Salaries & Benefits $0
Fundraising Expenses $40,126
Program Expenses $1,220,443
Other Expenses $299,618
TOTAL EXPENSES $1,327,420

Year-over-Year Comparison

2024 2023 Change
Revenue $2,910,584 $2,134,968 +0.4%
Expenses $1,327,420 $1,622,472 -0.2%
Net Income $1,583,164 $512,496 +2.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

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
5
$442,498
Total Directors
13
$479,846
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ANNESA CHEEK FCC PRESIDENT 1.00
Officer Director
$0 $90,996 $442,498
GREGORY ENLOE FCCF EXECUTIVE DIRECTOR 1.00
Director
$0 $3,347 $37,348
REBA BEAVER SECRETARY 0.50
Officer Director
$0 $0 $0
FRANK JARBOE SR TREASURER 0.50
Officer Director
$0 $0 $0
CHRISTOPHER CLEMONS CHAIR 0.50
Officer Director
$0 $0 $0
DANIEL SPRUILL CHAIR ELECT 0.50
Officer Director
$0 $0 $0
WIL GRAHAM MEMBER 0.50
Director
$0 $0 $0
CODY WEINBERG MEMBER 0.50
Director
$0 $0 $0
JON HOLMES MEMBER 0.50
Director
$0 $0 $0
NIDEEN MORRISON MEMBER 0.50
Director
$0 $0 $0
SHANTAY DEMAR MEMBER 0.50
Director
$0 $0 $0
DAVE SCHMIDT MEMBER 0.50
Director
$0 $0 $0
JAMES RACHEFF MEMBER 0.50
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 $2,910,584 $1,327,420 $23,388,902 $1,583,164
2024 $2,134,968 $1,622,472 $22,143,950 $512,496
2023 $1,318,420 $1,110,499 $20,849,348 $207,921
2022 $2,434,247 $1,022,288 $20,164,970 $1,411,959
2021 $1,398,842 $1,146,586 $20,037,078 $252,256
2020 $1,591,057 $1,042,829 $16,316,898 $548,228
2019 $1,376,370 $1,101,236 $16,720,816 $275,134
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