THE COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INC

EIN: 521488711 501(c)(3) Philanthropy & Grantmaking

FREDERICK, MD

Total Revenue
$23,558,636
Total Expenses
$12,812,566
Total Assets
$211,221,771
Net Assets
$197,769,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MD
Principal Officer
ELIZABETH Y DAY
Phone
3016957660
Tax Period
2024-07-01 to 2025-06-30

THE COMMUNITY FOUNDATION OF FREDERICK COUNTY MARYLAND INC, founded in 1986, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $23.6M in total revenue in fiscal year 2024. The organization ran a surplus of $10.7M, a strong 46% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $711,143

STRATEGIC INITIATIVE GRANTS - THE COMMUNITY FOUNDATION IDENTIFIES COMMUNITY NEEDS THROUGH PERIODIC ASSESSMENTS AND, BASED UPON THESE FINDINGS, DETERMINES STRATEGIC PRIORITIES FOR ITS DISCRETIONARY...

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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.

Program 2
Expenses: $3,170,017

SCHOLARSHIPS-THE COMMUNITY FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF SCHOLARSHIPS IN FREDERICK COUNTY, AND ADMINISTERS THE TRUMPOWER SCHOLARSHIPS FOR CARROLL COUNTY RESIDENTS. SCHOLARSHIPS ARE...

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SCHOLARSHIPS-THE COMMUNITY FOUNDATION IS ONE OF THE LARGEST PROVIDERS OF SCHOLARSHIPS IN FREDERICK COUNTY, AND ADMINISTERS THE TRUMPOWER SCHOLARSHIPS FOR CARROLL COUNTY RESIDENTS. SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS PURSUING EDUCATION PAST HIGH SCHOOL, INCLUDING TWO AND FOUR-YEAR COLLEGES AND UNIVERSITIES, TRADE AND TECHNICAL SCHOOLS, MASTERS AND DOCTORAL PROGRAMS, AND CERTIFICATIONS. STUDENTS MAY APPLY FOR SCHOLARSHIPS DURING ANY YEAR OF THEIR ACADEMIC CAREERS, INCLUDING NON-TRADITIONAL STUDENTS WHO DID NOT BEGIN THEIR POST-SECONDARY STUDIES IMMEDIATELY FOLLOWING HIGH SCHOOL. THE COMMUNITY FOUNDATION'S VOLUNTEER SCHOLARSHIP COMMITTEE REVIEWS ALL APPLICATIONS AND SELECTS RECIPIENTS THAT BEST MATCH THE CRITERIA SET FORTH BY THE DONOR WHEN THE SCHOLARSHIP FUND WAS ESTABLISHED. SCHOLARSHIPS ARE AVAILABLE FOR ALMOST ANY AREA OF STUDY, SOME DO NOT CONSIDER FINANCIAL NEED AS CRITERIA, AND SOME ARE RENEWABLE FOR ONE OR MORE YEARS. ADDITIONALLY, SOME SCHOLARSHIPS ARE OFFERED FOR STUDENTS AGES 6 TO 17 FOR MUSIC, INSTRUMENTAL, DANCE AND VOCAL INSTRUCTION AND SOME ARE OFFERED FOR YOUTH AGES 11 TO 18 FOR ATHLETIC PROGRAMS.

Program 3
Expenses: $6,698,604

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...

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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.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,455,012
Program Service Revenue $0
Investment Income $12,103,624
Other Revenue $0
TOTAL REVENUE $23,558,636

Expense Breakdown

Grants Paid $9,694,020
Salaries & Benefits $1,887,908
Fundraising Expenses $709,679
Program Expenses $10,579,764
Other Expenses $1,230,638
TOTAL EXPENSES $12,812,566

Year-over-Year Comparison

2024 2023 Change
Revenue $23,558,636 $21,855,112 +0.1%
Expenses $12,812,566 $11,228,669 +0.1%
Net Income $10,746,070 $10,626,443 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
20
Volunteers
174

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
8
$478,581
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABBIE RICKETTS TRUSTEE 1.00
Director
$0 $0 $0
ALEJANDRO CANADAS TRUSTEE 1.00
Director
$0 $0 $0
ANGELA DREDDEN TRUSTEE 1.00
Director
$0 $0 $0
ASHLEIGH ROSSI TRUSTEE 1.00
Director
$0 $0 $0
BEATRICE REAVER PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRANDON CANNON TRUSTEE 1.00
Director
$0 $0 $0
BRANDON CHAPMAN TRUSTEE 1.00
Director
$0 $0 $0
CARMEN HERNANDEZ TRUSTEE 1.00
Director
$0 $0 $0
DARRYN NAYLIN PAST TRUSTEE 1.00
Director
$0 $0 $0
DAVID WEIGELT TRUSTEE 1.00
Director
$0 $0 $0
DEEPAK KINI TRUSTEE 1.00
Director
$0 $0 $0
DETRIC KEMP CHAIRMAN 1.00
Officer Director
$0 $0 $0
GORDON COOLEY PAST TRUSTEE 1.00
Director
$0 $0 $0
IAN BARTMAN TRUSTEE 1.00
Officer Director
$0 $0 $0
JEAN JOYCE PAST TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER CLINGAN TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA DONOFRY TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN SALTZMAN TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY CHANEY TREASURER 1.00
Officer Director
$0 $0 $0
LINDA MORGAN TRUSTEE 1.00
Director
$0 $0 $0
LOUANNE WELGOSS TRUSTEE 1.00
Director
$0 $0 $0
PATTI MALUCHNIK TRUSTEE 1.00
Director
$0 $0 $0
PAUL ROSE FIRST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RAEANN BUTLER SECOND VICE PRESIDENT 1.00
Director
$0 $0 $0
RICHARD PEARRELL PAST TRUSTEE 1.00
Director
$0 $0 $0
SHAWN WOLF TRUSTEE 1.00
Director
$0 $0 $0
VERONICA D LOWE SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM RANDALL TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH Y DAY PRESIDENT & CEO 50.00
Officer
$233,709 $26,329 $260,038
GAIL M FITZGERALD CHIEF FINANCIAL OFFICER 50.00
Officer
$193,409 $25,134 $218,543
KIMBERLY LIDDICK - BYRNES DIRECTOR OF MARKETING & COM 40.00
Highest
$110,349 $14,641 $124,990
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 $23,558,636 $12,812,566 $211,221,771 $10,746,070
2024 No data No data No data No data
2023 $21,717,355 $11,672,408 $174,212,069 $10,044,947
2022 $29,735,655 $12,393,922 $156,334,571 $17,341,733
2021 $27,426,900 $10,519,932 $173,800,285 $16,906,968
2020 $16,443,346 $9,948,025 $137,281,850 $6,495,321
2019 $13,863,364 $8,723,524 $129,035,482 $5,139,840
2018 $11,585,370 $7,404,410 $122,392,838 $4,180,960
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