COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Building Community ~ Enriching Lives Together

aka CFHC | Bel Air, MD | www.cfharfordcounty.org

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GuideStar Charity Check

EIN: 01-0880770

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(1)
as of May 08, 2023

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Charity Check report

Mission

We are committed to promoting and increasing philanthropy by building and managing permanent endowments and gifts to meet the present and emerging needs of Harford County and its nonprofit community.

Ruling year info

2007

Executive Director

Ms. Jennifer Farrell

Main address

P.O. Box 612

Bel Air, MD 21014 USA

Show more contact info

EIN

01-0880770

Subject area info

Foundations

Human services

Population served info

Adults

NTEE code info

Community Foundations (T31)

Fund Raising and/or Fund Distribution (P12)

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

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

SOURCE: Self-reported by organization

We are committed to promoting and increasing philanthropy by building and managing permanent endowments and gifts to meet the present and emerging needs of Harford County and its nonprofit community.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

General Purpose

We are a nonprofit philanthropic organization whose mission is to meet the changing needs and interests of the community for the benefit of Harford County residents. Donations to the foundation are used to support the quality of life in Harford County. Donors may contribute to a specific area of interest, a specific fund, or to provide support for “best mission use.” All donations stay local. The ability for multiple donors to aggregate donations for more impact is the very heart of community foundations, thus making a big difference with any contribution.

Population(s) Served

Adults

Community Foundation

Over 900 community foundations exist foundations exist nationwide; all for the same purpose-to make a difference in the community they serve. These organizations meet the National Standards for Community Foundations and work to plan for the long-term and emerging needs of their community. They provide grants to a wide variety of non-profit organizations. They promote philanthropy at its best and encourage public/private partnerships to improve the quality of life of the community they live in.

Population(s) Served

Adults

Education

Since 2010, the Community Foundation has been the leading source for post-secondary scholarship funding in Harford County. Our program supports many areas of study, with scholarships funded by generous donors who believe in the value of education.

Population(s) Served

Adults

Philantrophy

Named for the year in which Harford County was founded, the 1773 Legacy Society was created to recognize those individuals whose estate planning includes a gift to the Community Foundation of Harford County. Often called the ultimate gift, these very special bequests will be the final charitable gifts from the following individuals, yet their legacy lives on through the fund created at CFHC:

Population(s) Served

Adults

Where we work

Accreditations

Council on Foundations Accredited

National Standards for U.S. Community Foundations 2023

Awards

Compliance with National Standards 2023

Council on foundations, National Standards

Affiliations & memberships

Maryland Community Foundations Association 2023

External reviews

Goals & Strategy

SOURCE: Self-reported by organization

Learn 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?

MISSION: The Community Foundation of Harford County (CFHC) is a 501(c)3 non-profit foundation that is committed to promoting and increasing philanthropy by building and managing permanent endowments and gifts to meet the present and emerging needs of Harford County and its nonprofit community.

INTRODUCTION: Founded in 2007, the CFHC exists as a means for local citizens to make a difference in their community, managing funds to ensure that every charitable dollar contributed generates the greatest possible impact over an extended time. The funds represent the varied interests and objectives of their donors, matching them with like-minded charities in the community. Contributions made are used to build permanently endowed funds for philanthropic purposes and the income generated by these endowments is used to make grants to local nonprofit organizations. To fund these initiatives, a consistent revenue stream coupled with a strong investment policy is needed.

Goal 1: Serve as a credible and reliable steward of charitable gifts in order to build funds and permanent endowments for future generations.

CFHC connects donors to the causes they care most about and helps them build permanent legacies for the community they love.

Goal 2: Strengthen CFHC’s organizational capacity and operational efficiency.

CFHC requires an active and diverse Board of Directors, knowledgeable staff, consistent financial support, and streamlined administrative processes.

Goal 3: Ensure a stable and growing base of operational financial support.

CFHC works to build a diverse network of consistent revenue streams, ensuring that all contributions are used wisely for mission support.

Goal 4: Increase public awareness of CFHC, its mission, services, and impact.

CFHC strives to enhance its profile in the community to attract new donors, increase the holdings of component funds, and create lasting impact.

Goal 5: Create long-term sustainable impact for the community through grant making.

CFHC builds funds for philanthropic purposes and carries out donor intent by making charitable grants to local nonprofit organizations and scholarships.

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Fiscal year: Jul 01 - Jun 30

Financial documents

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021

SOURCE: IRS Form 990

3.87

Average of 75.52 over 10 years

Months of cash in 2021

SOURCE: IRS Form 990

10.5

Average of 7.4 over 10 years

Fringe rate in 2021

SOURCE: IRS Form 990

12%

Average of 13% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$242,600
Government Grants	$0
Program Services	$2,710
Investments	$618
Special Events	$0
Sales	$0
Other	$5,758
Total Revenue	$251,686

Expenses
Program Services	$68,070
Administration	$50,719
Fundraising	$12,692
Total Expenses	$131,481
Net Gain/Loss	$120,205

Functional expenses
Accounting Fees	$1,500
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$1,807
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$179,746
Government Grants	$0
Program Services	$4,570
Investments	$3,464
Special Events	$0
Sales	$0
Other	$617
Total Revenue	$188,397

Expenses
Program Services	$68,316
Administration	$54,533
Fundraising	$14,614
Total Expenses	$137,463
Net Gain/Loss	$50,934

Functional expenses
Accounting Fees	$1,500
Advertising & Promotion	$0
Information Technology Expenses	$2,479
Insurance Expenses	$1,170
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$323,637
Government Grants	$0
Program Services	$0
Investments	$6,178
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$329,815

Expenses
Program Services	$75,393
Administration	$58,231
Fundraising	$14,515
Total Expenses	$148,139
Net Gain/Loss	$181,676

Functional expenses
Accounting Fees	$1,750
Advertising & Promotion	$2,749
Information Technology Expenses	$1,631
Insurance Expenses	$1,788
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$367,211
Government Grants	$25,000
Program Services	$0
Investments	$14,050
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$406,261

Expenses
Program Services	$100,351
Administration	$67,445
Fundraising	$14,647
Total Expenses	$182,443
Net Gain/Loss	$223,818

Functional expenses
Accounting Fees	$2,000
Advertising & Promotion	$6,587
Information Technology Expenses	$1,833
Insurance Expenses	$1,664
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$272,360
Government Grants	$0
Program Services	$0
Investments	$35,759
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$308,119

Expenses
Program Services	$89,041
Administration	$61,030
Fundraising	$15,114
Total Expenses	$165,185
Net Gain/Loss	$142,934

Functional expenses
Accounting Fees	$2,300
Advertising & Promotion	$2,906
Information Technology Expenses	$2,060
Insurance Expenses	$1,735
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$218,578
Government Grants	$0
Program Services	$0
Investments	$50,935
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$269,513

Expenses
Program Services	$149,667
Administration	$64,109
Fundraising	$13,494
Total Expenses	$227,270
Net Gain/Loss	$42,243

Functional expenses
Accounting Fees	$5,525
Advertising & Promotion	$2,205
Information Technology Expenses	$4,075
Insurance Expenses	$1,874
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$4,377
Professional Fundraising Expenses	$0

Revenue
Contributions	$448,982
Government Grants	$0
Program Services	$0
Investments	$36,616
Special Events	$0
Sales	$0
Other	$120
Total Revenue	$485,718

Expenses
Program Services	$104,067
Administration	$54,358
Fundraising	$12,940
Total Expenses	$171,365
Net Gain/Loss	$314,353

Functional expenses
Accounting Fees	$4,525
Advertising & Promotion	$788
Information Technology Expenses	$883
Insurance Expenses	$1,818
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$550,133
Government Grants	$0
Program Services	$0
Investments	$55,469
Special Events	$0
Sales	$0
Other	$154
Total Revenue	$605,756

Expenses
Program Services	$158,122
Administration	$85,453
Fundraising	$11,943
Total Expenses	$255,518
Net Gain/Loss	$350,238

Functional expenses
Accounting Fees	$12,350
Advertising & Promotion	$9,614
Information Technology Expenses	$5,489
Insurance Expenses	$1,431
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$496,995
Government Grants	$25,000
Program Services	$0
Investments	$63,943
Special Events	$0
Sales	$0
Other	$283
Total Revenue	$586,221

Expenses
Program Services	$388,799
Administration	$130,070
Fundraising	$7,840
Total Expenses	$526,709
Net Gain/Loss	$59,512

Functional expenses
Accounting Fees	$3,500
Advertising & Promotion	$4,327
Information Technology Expenses	$12,773
Insurance Expenses	$1,491
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$327,111
Government Grants	$10,000
Program Services	$0
Investments	$215,796
Special Events	$0
Sales	$0
Other	$85
Total Revenue	$552,992

Expenses
Program Services	$166,958
Administration	$138,177
Fundraising	$21,903
Total Expenses	$327,038
Net Gain/Loss	$225,954

Functional expenses
Accounting Fees	$20,600
Advertising & Promotion	$4,764
Information Technology Expenses	$19,533
Insurance Expenses	$1,379
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$556,054
Government Grants	$74,300
Program Services	$6,194
Investments	$77,957
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$714,505

Expenses
Program Services	$164,283
Administration	$112,330
Fundraising	$17,388
Total Expenses	$294,001
Net Gain/Loss	$420,504

Functional expenses
Accounting Fees	$22,400
Advertising & Promotion	$360
Information Technology Expenses	$5,310
Insurance Expenses	$1,128
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

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.

Fiscal year ending: Download Data

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$242,600
Cash & Equivalents	$35,754	$42,085	$6,331
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$9,762	$9,762
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$149,085	$282,462	$133,377
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$1,057	$453	($604)
Other	$497	$341	($156)
Total Assets	$186,393	$335,103	$148,710

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$1,814	$2,984	$1,170
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$1,814	$2,984	$1,170

Fund balance	Jul 01, 2010	Jun 30, 2011	Change
Temporarily Restricted Net Assets	$23,848	$13,848	-$10,000
Permanently Restricted Net Assets	$137,759	$261,429	$123,670
Total Restricted Net Assets	$161,607	$275,277	$113,670
Unrestricted Net Assets	$22,972	$56,842	$33,870
Net Assets	$184,579	$332,119	$147,540

Assets	Jul 01, 2011	Jun 30, 2012	Change
Contributions	$179,746
Cash & Equivalents	$42,085	$60,827	$18,742
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$9,762	$10,809	$1,047
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$282,462	$311,254	$28,792
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$453	$0	($453)
Other	$341	$1,250	$909
Total Assets	$335,103	$384,140	$49,037

Liabilities	Jul 01, 2011	Jun 30, 2012	Change
Accounts Payable	$2,984	$6,654	$3,670
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$2,984	$6,654	$3,670

Fund balance	Jul 01, 2011	Jun 30, 2012	Change
Temporarily Restricted Net Assets	$42,495	$50,335	$7,840
Permanently Restricted Net Assets	$232,782	$260,187	$27,405
Total Restricted Net Assets	$275,277	$310,522	$35,245
Unrestricted Net Assets	$56,842	$66,964	$10,122
Net Assets	$332,119	$377,486	$45,367

Assets	Jul 01, 2012	Jun 30, 2013	Change
Contributions	$323,637
Cash & Equivalents	$60,827	$47,030	($13,797)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$10,809	$87,037	$76,228
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$311,254	$456,545	$145,291
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,250	$1,138	($112)
Total Assets	$384,140	$591,750	$207,610

Liabilities	Jul 01, 2012	Jun 30, 2013	Change
Accounts Payable	$6,654	$4,368	($2,286)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$6,654	$4,368	($2,286)

Fund balance	Jul 01, 2012	Jun 30, 2013	Change
Temporarily Restricted Net Assets	$50,335	$105,103	$54,768
Permanently Restricted Net Assets	$260,187	$370,710	$110,523
Total Restricted Net Assets	$310,522	$475,813	$165,291
Unrestricted Net Assets	$66,964	$111,569	$44,605
Net Assets	$377,486	$587,382	$209,896

Assets	Jul 01, 2013	Jun 30, 2014	Change
Contributions	$367,211
Cash & Equivalents	$47,030	$57,320	$10,290
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$87,037	$4,768	($82,269)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$456,545	$814,397	$357,852
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,138	$1,172	$34
Total Assets	$591,750	$877,657	$285,907

Liabilities	Jul 01, 2013	Jun 30, 2014	Change
Accounts Payable	$4,368	$3,462	($906)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$4,368	$3,462	($906)

Fund balance	Jul 01, 2013	Jun 30, 2014	Change
Temporarily Restricted Net Assets	$105,103	$135,566	$30,463
Permanently Restricted Net Assets	$370,710	$622,754	$252,044
Total Restricted Net Assets	$475,813	$758,320	$282,507
Unrestricted Net Assets	$111,569	$115,875	$4,306
Net Assets	$587,382	$874,195	$286,813

Assets	Jul 01, 2014	Jun 30, 2015	Change
Contributions	$272,360
Cash & Equivalents	$57,320	$125,875	$68,555
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$4,768	$2,500	($2,268)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$814,397	$915,853	$101,456
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,172	$1,296	$124
Total Assets	$877,657	$1,045,524	$167,867

Liabilities	Jul 01, 2014	Jun 30, 2015	Change
Accounts Payable	$3,462	$3,200	($262)
Grants Payable	$0	$47,882	$47,882
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$3,462	$51,082	$47,620

Fund balance	Jul 01, 2014	Jun 30, 2015	Change
Temporarily Restricted Net Assets	$135,566	$179,157	$43,591
Permanently Restricted Net Assets	$622,754	$721,465	$98,711
Total Restricted Net Assets	$758,320	$900,622	$142,302
Unrestricted Net Assets	$115,875	$93,820	($22,055)
Net Assets	$874,195	$994,442	$120,247

Assets	Jul 01, 2015	Jun 30, 2016	Change
Contributions	$218,578
Cash & Equivalents	$125,875	$41,567	($84,308)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$2,500	$0	($2,500)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$915,853	$955,098	$39,245
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,296	$1,091	($205)
Total Assets	$1,045,524	$997,756	($47,768)

Liabilities	Jul 01, 2015	Jun 30, 2016	Change
Accounts Payable	$3,200	$2,209	($991)
Grants Payable	$47,882	$20,250	($27,632)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$51,082	$22,459	($28,623)

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990

This snapshot of COMMUNITY FOUNDATION OF HARFORD COUNTY 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.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2017	2018	2019	2020	2021
Unrestricted surplus (deficit) before depreciation	$97,714	$13,976	$66,660	-$95,462	$89,108
As % of expenses	57.0%	5.5%	12.7%	-29.2%	30.3%
Unrestricted surplus (deficit) after depreciation	$97,714	$13,976	$66,660	-$95,462	$89,108
As % of expenses	57.0%	5.5%	12.7%	-29.2%	30.3%

Revenue composition
Total revenue (unrestricted & restricted)	$485,718	$605,756	$586,221	$552,992	$714,505
Total revenue, % change over prior year	80.2%	24.7%	-3.2%	-5.7%	29.2%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.9%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	7.0%	10.3%	12.2%	39.0%	3.4%
Government grants	0.0%	0.0%	4.3%	1.8%	10.4%
All other grants and contributions	92.4%	90.8%	84.8%	59.2%	77.8%
Other revenue	0.6%	-1.1%	-1.2%	0.0%	7.5%

Expense composition
Total expenses before depreciation	$171,365	$255,518	$526,709	$327,038	$294,001
Total expenses, % change over prior year	-24.6%	49.1%	106.1%	-37.9%	-10.1%
Personnel	45.3%	32.8%	13.9%	37.0%	37.0%
Professional fees	2.9%	5.0%	9.7%	10.8%	12.4%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	42.4%	49.4%	69.7%	40.7%	43.9%
All other expenses	9.5%	12.9%	6.7%	11.6%	6.7%

Full cost components (estimated)	2017	2018	2019	2020	2021
Total expenses (after depreciation)	$171,365	$255,518	$526,709	$327,038	$294,001
One month of savings	$14,280	$21,293	$43,892	$27,253	$24,500
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$208,587	$0	$0	$0	$0
Total full costs (estimated)	$394,232	$276,811	$570,601	$354,291	$318,501

Capital structure indicators

Liquidity	2017	2018	2019	2020	2021
Months of cash	6.2	18.4	4.8	9.4	10.5
Months of cash and investments	87.7	82.7	41.2	70.8	118.7
Months of estimated liquid unrestricted net assets	-68.1	9.6	6.2	6.5	10.8

Balance sheet composition	2017	2018	2019	2020	2021
Cash	$88,193	$391,301	$212,231	$256,278	$256,824
Investments	$1,163,685	$1,368,934	$1,596,765	$1,673,605	$2,650,566
Receivables	$117,145	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$1,812	$1,812	$1,812	$1,812	$1,812
Accumulated depreciation (as a % of LBE)	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities (as a % of assets)	0.8%	1.4%	1.3%	23.9%	25.8%
Unrestricted net assets	$191,424	$205,400	$272,060	$176,598	$265,706
Temporarily restricted net assets	$172,799	$494,886	$347,082	N/A	N/A
Permanently restricted net assets	$994,737	$1,036,418	$1,177,588	N/A	N/A
Total restricted net assets	$1,167,536	$1,531,304	$1,524,670	$1,297,299	$1,892,102
Total net assets	$1,358,960	$1,736,704	$1,796,730	$1,473,897	$2,157,808

Key data checks

Key data checks	2017	2018	2019	2020	2021
Material data errors	Yes	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Ms. Jennifer Farrell

Number of employees

Source: IRS Form 990

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Board of directors
as of 03/28/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Mr. Michael Allen

Harford Bank

Term: 2023 - 2021

Jayne Klein

Klein's ShopRite

Scott Elliott

Harford Bank

Michael Allen

Harford Bank

Mary-Dulaney James

Partner, Law Offices of Mary-Dulany James

Joseph Boddiford, III

Morgan Stanley

Frederick Merchant

Retired Community Leader

Alex Allman

Offit Kurman

Joseph Ayler

Tar Heel Construction Group

Gregory Bowser

Safe Harbor Retirement Planners

Gilbert Kennedy

Har-co Credit Union

Stephanie McGuire

Ellin & Tucker

Carmen Mirabile

Freedom Federal Credit Union

Gregory Repas

McCormick & Company

Deborah Turner

DMT Investments

Eric McLauchlin

PK Law

James Welch

BCV Realty

Cheryl Brown

State of Maryland Retired

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

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

Organizational demographics

SOURCE: Self-reported; last updated 11/29/2022

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Gay, lesbian, bisexual, or other sexual orientations in the LGBTQIA+ community

Disability status

Decline to state

Race & ethnicity

Gender identity

Sexual orientation

Disability

Contractors

Fiscal year ending

There are no fundraisers recorded for this organization.

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Building Community ~ Enriching Lives Together

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

Our programs

General Purpose

Community Foundation

Education

Philantrophy

Where we work

Accreditations

Awards

Affiliations & memberships

Goals & Strategy

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2021 info

3.87

Months of cash in 2021 info

10.5

Fringe rate in 2021 info

12%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Ms. Jennifer Farrell

Number of employees

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Compensation data

COMMUNITY FOUNDATION OF HARFORD COUNTY INC

Board of directors data

Mr. Michael Allen

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Contractors

Liquidity in 2021

Months of cash in 2021

Fringe rate in 2021

Funding sources

Assets & liabilities