The Community Foundation of Frederick County Maryland, Inc.
For Good. Forever. For Frederick County
The Community Foundation of Frederick County Maryland, Inc.
EIN: 52-1488711
as of September 2023
as of September 18, 2023
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.
Ruling year
1987
President and CEO
Mrs. Elizabeth Y. Day
Main address
312 E Church St
Frederick, MD 21701 USA
EIN
52-1488711
Arts and culture
Historic preservation
Education
Higher education
Natural resources
Population served
Children and youth
Adults
Parents
Ethnic and racial groups
Religious groups
NTEE code
Community Foundations (T31)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Affiliations
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
The Community Foundation serves as a catalyst for philanthropy. It acts as a vehicle to create community support for efforts to enhance and affect positive change, and help residents who live, work, and play in Frederick County, Maryland be the best they can be. The efforts of the organization are not limited to one specific cause or problem. Through permanent funds established by generous citizens, a wide array of community needs are addressed. These include support for the arts, the environment, elder care, civic causes, youth programs, education, health and human services, basic human needs, animal welfare, historic preservation, and more. In addition, scholarships for post-secondary education and trade/technical training help residents pursue career paths that allow them to give back to their community as productive, caring citizens.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Scholarship Programs
Since 1986, the Community Foundation has been the leading source for post-secondary scholarship funding in Frederick County. Our programs support nearly every area of study imaginable, with scholarships funded by generous donors who believe in the value of education. Our scholarship programs provide support for individuals who are pursuing post-secondary education including associate, undergraduate, graduate degrees, or certifications; as well as career education scholarships for those studying to enter trade and technical fields. In addition, the Community Foundation provides music and athletic scholarships to youth ages 6 to 17.
Grant Programs
The Community Foundation provides discretionary and designated grants to qualified 501c3 organizations that are charitable, educational, scientific, literary or faith-based in purpose. Nonprofits must describe the program for which they are requesting support and must demonstrate how the grant will not only help achieve their goals but how the grant will positively impact the community. Final reports from each organization ensure accountability. The designated grants are disbursed annually to nonprofits as specified by the donor's fund agreement, providing the organization meets the 501c3 requirement and is in good standing. Grants support health, human services, the arts, environment, historic preservation, animal welfare, education, youth programs, elder care, and more.
Where we work
Accreditations
Council on Foundations National Standards 2004
Council on Foundations National Standards 2012
Council on Foundations National Standards 2017
Council on Foundations National Standards 2018
Council on Foundations National Standards 2019
Council on Foundations National Standards 2020
Council on Foundations National Standards 2021
Council on Foundations National Standards 2022
Awards
2010 Frederick County Business Ethics Award - Top Four Nominee 2010
Frederick County Business Ethics Award Program
Affiliations & memberships
Association of Fundraising Professionals - Member 2010
Association of Fundraising Professionals - Member 2011
Association of Fundraising Professionals - Member 2012
Association of Fundraising Professionals - Member 2013
Association of Fundraising Professionals - Member 2014
Association of Fundraising Professionals - Member 2015
Association of Fundraising Professionals - Member 2016
Association of Fundraising Professionals - Member 2017
Association of Fundraising Professionals - Member 2018
Association of Fundraising Professionals - Member 2019
Association of Fundraising Professionals - Member 2020
Association of Fundraising Professionals - Member 2021
Association of Fundraising Professionals - Member 2022
External reviews
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Median grant amount
This metric is no longer tracked.Totals By Year
Related Program
Grant Programs
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Median grant amount based on cash out during fiscal year which is July 1 through June 30. Grants include competitive, designated, and scholarships.
Average grant amount
This metric is no longer tracked.Totals By Year
Related Program
Grant Programs
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
Average grant amount based on cash out during fiscal year which is July 1 through June 30. Grants include competitive, designated, and scholarships.
Total dollar amount of grants awarded
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Total grant amount based on cash out during fiscal year which is July 1 through June 30. Grants include competitive, designated, and scholarships.
Number of website sessions
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
A session is a period of time that a user is active on a website, as determined by Google Analytics.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Community Foundation of Frederick County’s ultimate goal is to enhance Frederick County, Maryland now and for future generations. It has a focus on both the current and long-term needs of the community. Through its leadership and synergy in addressing community issues, it helps eliminate barriers to success.
What are the organization's key strategies for making this happen?
The Community Foundation creates permanent funds that benefit Frederick County, Maryland now and in the future. Generous donors create endowed or quasi-endowed funds with a minimum $25,000 gift and determine the fund’s purpose based on the current and future needs of the community, as well as the causes that are important to them.
What are the organization's capabilities for doing this?
The Community Foundation has a 34-year proven track record of administering funds and addressing community needs. More than $86 million has been given back to the community since its inception in 1986 in the form of grants to nonprofits and scholarships to deserving students. Its 24-member volunteer board of trustees represents a broad cross-section of the community and acts as the governing body. Its professional staff are experts in current planned giving techniques, grantmaking, and strategic investments to create maximum impact. In 2011, the Community Foundation released its first Frederick County Human Needs Assessment Report, an independent study identifying the most pressing needs in Frederick County. This data-driven report provided the groundwork on which the Community Foundation based its strategic grantmaking. This report was updated in January 2019, with this new information continuing to shape the Community Foundation’s response in addressing these needs through grantmaking, leadership, collaboration, and advocacy. In response to the COVID-19 pandemic, the Community Foundation again updated its Human Needs Assessment in 2022.
What have they accomplished so far and what's next?
Since 1986, $86 million has been given back to the community in grants to nonprofits and scholarships to deserving students. In FY2022, $6.3 million was awarded in grants to nonprofits. Donor support for scholarships has allowed the scholarship program to expand from traditional 2-year and 4-year programs to include those working towards masters and doctorate degrees, as well as career/trades training. What’s next? The Community Foundation launched its unrestricted endowment campaign in June 2019 to establish a flexible and sizeable endowment fund to prepare for the future. Grants from the Forever Frederick County funds are helping address the most pressing issues in our community now and as they evolve and change over time. Preparedness is key, and the Forever Frederick County funds help ensure that solutions can be achieved more quickly. Grantmaking is currently driven by data from both the 2018 and updated 2022 Frederick County Human Needs Assessment Reports, which identified three areas of strategic focus: supporting families with children, preparing for an aging population, and responding to substance use disorder; and three areas of elevated importance: affordable housing, mental health and alleviating disparities in service delivery. The board of trustees is committed to being proactive in its approach to use available funding wisely and most impactfully. Additionally, the Community Foundation continues to reach out to individuals, families, businesses, civic groups, faith-based organizations, and more to build its permanent component funds so that grant and scholarship support for Frederick County is ensured for future generations.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We aim to collect feedback from as many people we serve as possible
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What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
12.97
Months of cash in 2022 info
0.9
Fringe rate in 2022 info
14%
Funding sources info
Assets & liabilities info
Financial data
The Community Foundation of Frederick County Maryland, Inc.
Revenue & expensesFiscal Year: Jul 01 - Jun 30
The Community Foundation of Frederick County Maryland, Inc.
Balance sheetFiscal Year: Jul 01 - Jun 30
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
The Community Foundation of Frederick County Maryland, Inc.
Financial trends analysis Glossary & formula definitionsFiscal Year: Jul 01 - Jun 30
This snapshot of The Community Foundation of Frederick County Maryland, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $8,034,387 | $6,116,730 | $5,421,132 | $29,642,884 | -$9,428,316 |
| As % of expenses | 109.0% | 70.3% | 54.6% | 282.6% | -76.3% |
| Unrestricted surplus (deficit) after depreciation | $7,999,077 | $6,088,997 | $5,392,846 | $29,613,365 | -$9,459,296 |
| As % of expenses | 108.0% | 69.8% | 54.2% | 281.5% | -76.3% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $11,585,370 | $13,863,364 | $16,443,346 | $27,426,900 | $29,735,655 |
| Total revenue, % change over prior year | 27.5% | 19.7% | 18.6% | 66.8% | 8.4% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 24.9% | 29.1% | 25.9% | 12.8% | 15.7% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.2% | 1.0% |
| All other grants and contributions | 52.2% | 35.7% | 57.6% | 30.0% | 57.2% |
| Other revenue | 22.9% | 35.1% | 16.5% | 57.0% | 26.1% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $7,369,100 | $8,695,791 | $9,919,739 | $10,490,413 | $12,362,942 |
| Total expenses, % change over prior year | 2.0% | 18.0% | 14.1% | 5.8% | 17.8% |
| Personnel | 13.6% | 12.8% | 12.7% | 13.0% | 12.5% |
| Professional fees | 9.3% | 8.5% | 6.6% | 9.9% | 7.6% |
| Occupancy | 1.1% | 1.0% | 0.8% | 0.8% | 0.6% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 72.1% | 74.0% | 76.8% | 73.3% | 75.6% |
| All other expenses | 3.9% | 3.8% | 3.0% | 3.0% | 3.6% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $7,404,410 | $8,723,524 | $9,948,025 | $10,519,932 | $12,393,922 |
| One month of savings | $614,092 | $724,649 | $826,645 | $874,201 | $1,030,245 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $30,472 | $0 |
| Total full costs (estimated) | $8,018,502 | $9,448,173 | $10,774,670 | $11,424,605 | $13,424,167 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 1.6 | 1.7 | 4.5 | 3.4 | 0.9 |
| Months of cash and investments | 193.5 | 171.6 | 158.4 | 189.8 | 137.0 |
| Months of estimated liquid unrestricted net assets | 146.2 | 132.3 | 122.5 | 149.8 | 117.9 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $963,223 | $1,195,846 | $3,749,448 | $2,976,239 | $928,519 |
| Investments | $117,861,002 | $123,141,645 | $127,172,073 | $162,919,609 | $140,237,938 |
| Receivables | $292,490 | $303,085 | $362,103 | $221,508 | $181,127 |
| Gross land, buildings, equipment (LBE) | $625,172 | $614,783 | $634,645 | $660,447 | $674,578 |
| Accumulated depreciation (as a % of LBE) | 72.0% | 75.9% | 77.9% | 78.7% | 80.9% |
| Liabilities (as a % of assets) | 8.5% | 8.5% | 8.9% | 8.6% | 7.0% |
| Unrestricted net assets | $89,958,363 | $96,047,360 | $101,440,206 | $131,053,571 | $121,594,275 |
| Temporarily restricted net assets | $12,313,333 | $12,277,290 | N/A | N/A | N/A |
| Permanently restricted net assets | $9,733,547 | $9,789,950 | N/A | N/A | N/A |
| Total restricted net assets | $22,046,880 | $22,067,240 | $23,629,458 | $27,882,288 | $23,860,295 |
| Total net assets | $112,005,243 | $118,114,600 | $125,069,664 | $158,935,859 | $145,454,570 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President and CEO
Mrs. Elizabeth Y. Day
Betsy is a career development professional with more than 35 years of experience with nonprofit organizations as an employee, board member and volunteer. Betsy's career includes nine years with the United Way movement, three years in a healthcare setting and 26 years with The Community Foundation of Frederick County. Throughout her career, she has been actively involved in board development, planned giving, special events, annual campaigns, endowment giving, special projects, and major gifts campaigns.
Betsy is a frequent speaker on fundraising and resource development, not-for-profit management and boardsmanship, and founding member of the Western Maryland Chapter of The Association of Fundraising Professionals.
She holds a Bachelors of Arts in Social Work from Shippensburg State College and has taken graduate courses at Fairleigh Dickinson University. Betsy lives in Middletown with her husband, Michael G. Day, Esq., and has five children.
Number of employees
Source: IRS Form 990
The Community Foundation of Frederick County Maryland, Inc.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
The Community Foundation of Frederick County Maryland, Inc.
Highest paid employeesSOURCE: IRS Form 990
Compensation data
The Community Foundation of Frederick County Maryland, Inc.
Board of directorsas of 06/08/2023
Board of directors data
Ian Bartman, Esq.
Beatrice Reaver
Emmitsburg Glass Company
Kimberly Smith Chaney
Kimberly S. Chaney, CPA LLC
Detric Kemp
Conklyn & Kemp
Ashleigh Kiggans
MacRo Commercial Real Estate
Rachel I. Mandel, M.D.
Frederick Memorial Hopsital
James D. Summers, CPA
Taitia Elliott
Frederick County Bank
Alejandro Canadas
Mount Saint Mary's University
Nicole Orr
Distinguished Young Women of Frederick County
Darryn Naylin, Pharm D.
Hillcrest Compounding Pharmacy
Jean M. Joyce, CFP
Morgan Stanley
Elizabeth Y. Day
Community Foundation
Gordon M. Cooley
First United Bank & Trust
Ian Bartman
Offit Kurman, P.A.
Veronica Lowe
Maryland Transit Administration
Linda Morgan
Support Unlimited Inc.
Richard Pearrell
Woodsboro Bank
Carlos Arze
Carmen Hernandez, M.D.
Patti Maluchnik
Paul Rose, Esq.
Louanne Welgoss
RaeAnn Butler
Jennifer Clingan
Earl Robbins
Shawn Wolf
Outside Force
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Contractors
Fiscal year endingGuideStar Pro Reports
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- Letter of Determination
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