TOWSON UNIVERSITY FOUNDATION INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- TOWSON UNIVERSITY FOUNDATION INC (EIN 52-0939453)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-10
- IRS object ID
- 201731309349303368
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-10T15:20:12-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 520959934 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELLIN & TUCKER CHARTERED | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 EAST PRATT ST SUITE 200 | AddressLine1Txt |
| City | BALTIMORE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520939453 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TOWSON UNIVERSITY FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TOWS | BusinessNameControlTxt |
| Phone | 4107042040 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 212520001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN J MEASE JR | PersonNm |
| Person Title | VICE PRESIDENT AND CFO | PersonTitleTxt |
| Phone | 4107042040 | PhoneNum |
| Signature | 2017-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SUSAN KELLER | PreparerPersonNm |
| PTIN | P00245169 | PTIN |
| Phone | 4107275735 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN J MEASE JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 212520001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,490,837 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TUFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | TO RAISE, INVEST, AND DISBURSE FUNDS FOR THE BENEFIT OF TOWSON UNIVERSITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 106 | TotalEmployeeCnt |
| Total Volunteers | 19 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,591,308 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,217,798 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $334,748 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $334,090 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,885,734 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,722,710 | CYInvestmentIncomeAmt |
| PY Other Revenue | $487,051 | PYOtherRevenueAmt |
| CY Other Revenue | $363,050 | CYOtherRevenueAmt |
| PY Total Revenue | $7,298,841 | PYTotalRevenueAmt |
| CY Total Revenue | $6,637,648 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,149,840 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,567,966 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $379,106 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $395,523 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $455,236 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,762,354 | PYOtherExpensesAmt |
| CY Other Expenses | $3,548,698 | CYOtherExpensesAmt |
| PY Total Expenses | $6,291,300 | PYTotalExpensesAmt |
| CY Total Expenses | $7,512,187 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,007,541 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$874,539 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $69,845,067 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,265,985 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $942,716 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,537,224 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $68,902,351 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $66,728,761 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TOWSON UNIVERSITY FOUNDATION, INC. IS ORGANIZED TO RECEIVE, HOLD, INVEST, MANAGE, USE, DISPOSE OF AND ADMINISTER PROPERTY OF ALL KINDS WHETHER GIVEN ABSOLUTELY, IN TRUST OR BY WAY OF AGENCY OR OTHERWISE FOR THE BENEFIT AND PROMOTION OF TOWSON UNIVERSITY OR FOR ALL OF THE EDUCATION AND SUPPORT ACTIVITIES THAT MAY BE CONDUCTED BY TOWSON UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,519,004 | ExpenseAmt |
| Grant | $1,519,004 | GrantAmt |
| Desc | SCHOLARSHIPS AND AWARDS TOWSON UNIVERSITY FOUNDATION IS COMMITTED TO PROVIDING STUDENTS WITH THE OPPORTUNITY TO OBTAIN A LIBERAL EDUCATION - AN EDUCATION THAT HELPS STUDENTS DEVELOP THE ABILITY TO THINK CRITICALLY; TO BE LITERATE, INFORMED AND ARTICULATE; TO HONOR DIVERSITY; TO DISCUSS AND DEBATE IDEAS AND ISSUES FROM MULTIPLE PERSPECTIVES, AND TO BE CAPABLE OF TAKING ON RESPONSIBILITY IN AN EVER-CHANGING WORLD. TO CREATE THOSE OPPORTUNITIES, MANY STUDENTS NEED AND DESERVE FINANCIAL ASSISTANCE. TOWSON UNIVERSITY FOUNDATION HAS 291 ENDOWED SCHOLARSHIPS AND PRESENTS ADDITIONAL CASH AWARDS EACH YEAR TO DESERVING STUDENTS. SINCE STATE OF MARYLAND FUNDING NOW ACCOUNTS FOR LESS THAN 1/3 OF THE COST OF A TOWSON UNIVERSITY EDUCATION, PRIVATE FUNDING FROM GENEROUS DONORS ALLOWS TODAY'S STUDENTS AND TOMORROW'S LEADERS TO MEET THEIR FINANCIAL OBLIGATIONS. IN THE YEAR ENDING JUNE 30, 2016, THE FOUNDATION MADE 928 SEPARATE SCHOLARSHIP AWARDS TO DESERVING STUDENTS TOTALING $1,519,004. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,582,884 | ExpenseAmt |
| Desc | ATHLETIC PROGRAMSTHE FOUNDATION SOLICITS AND MANAGES FUNDS IN SUPPORT OF THE UNIVERSITIES ALIGNED VISION FOR ATHLETICS, WHICH STATES "TOWSON UNIVERSITY IS COMMITTED TO A FINANCIALLY STABLE, GENDER-EQUITABLE AND COMPETITIVE ATHLETICS PROGRAM. THE UNIVERSITY WILL CONTINUE TO SUPPORT THESE GOALS BY PLACING ACADEMICS FIRST. WE WILL SUPPORT OPPORTUNITIES FOR ALL TOWSON STUDENTS TO PARTICIPATE IN A RANGE OF SPORTS ACTIVITIES AND LEADERSHIP OPPORTUNIITIES THAT SUPPORT PHYSICAL WELL-BEING AND PERSONAL EXCELLENCE." THE UNIVERSITY CURRENTLY FIELDS 19 DIVISION I ATHLETIC TEAMS (13 IN WOMEN'S SPORTS, 6 IN MEN'S SPORTS). | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,910,645 | ExpenseAmt |
| Grant | $1,910,645 | GrantAmt |
| Desc | UNIVERSITY SUPPORTTO CREATE AN ENVIRONMENT THAT IS CONDUCIVE TO LEARNING, INSTITUTIONS OF HIGHER LEARNING MUST HAVE PROPER FACILITIES AND FACULTY DEDICATED TO TEACHING. FUNDS ARE AVAILABLE FOR USE BY THE PRESIDENT, VICE PRESIDENTS, AND DEANS OF THE SEVEN COLLEGES TO SUPPORT THOSE AREAS WHERE IMPROVEMENTS ARE NEEDED. WE REMAIN COMMITTED TO OUR GOAL OF HELPING THE UNIVERSITY ATTRACT, HIRE AND RETAIN FACULTY MEMBERS WHO ARE LEADERS IN THEIR FIELD OF STUDY, AND WHO HAVE DEMONSTRATED SUPERIOR TEACHING SKILLS. TO KEEP THEM CURRENT ON NEW DEVELOPMENTS IN THEIR FIELD AND TEACHING METHODS, THEY ARE ENCOURAGED TO ATTEND SEMINARS AND CONFERENCES. IN ADDITION TO FUNDING PROVIDED BY DONORS, THE FOUNDATION ALSO MAKES FUNDS AVAILABLE TO THE UNIVERSITY PRESIDENT THROUGH THE UNRESTRICTED BUDGET PROCESS THAT HELPED TO SUPPORT THE VARIOUS PRESIDENTIAL INITIATIVES DEVELOPED FROM YEAR TO YEAR. THESE ARE INITIATIVES THAT MIGHT OTHERWISE NOT MOVE FORWARD DUE TO THE LACK OF OTHER FUNDING SOURCES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,494,264 | ExpenseAmt |
| Grant | $138,317 | GrantAmt |
| Revenue | $686,369 | RevenueAmt |
| Desc | THE $1,494,264 OF OTHER PROGRAM SERVICE EXPENSES RELATE TO EXPENSES THAT SUPPORT THE VARIETY OF PROGRAMS OFFERED BY TOWSON UNIVERSITY FOR THE BENEFIT OF THE STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. ALL EXPENSES SUPPORT THE CORE MISSION OF THE FOUNDATION AND THEREFORE THAT OF THE UNIVERSITY AS WELL. THE FOUNDATION EXISTS TO SUPPORT THE UNIVERSITY THROUGH THESE EXPENDITURES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $1,494,264 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $138,317 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $686,369 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $6,506,797 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 66 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 106 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN J MEASE JR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4107043278 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7720 YORK ROAD | AddressLine1Txt |
| City | TOWSON | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21204 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| MARY F SHOCK | ||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN A HAYDEN III ESQ | ||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| J WILLIAM MURRAY | ||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SALVATORE CORRENTI | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRYAN THALER | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KIM A FABIAN | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY J SMITH | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| RAYMOND J BRUSCA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| IRA W COX | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| DOUGLAS F ERDMAN | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| RICHARD S FINE | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| PAUL-SEAN GRAY | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LANCE E JOHNSON | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| ERIC M KRUK | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| DAVID M VAHOS | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| ARSH S MIRMIRAN | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| HOWARD J ROSEN CPA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| THERESA A LAWLOR ESQ | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| CHRISTOPHER S EVANS | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JOHN J MEASE JR | ||||||
| VICE PRESIDENT | 50.00 | Yes (X) | $137,609 | $0 | $9,977 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $137,609 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $9,977 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AGENCY FOR THE PERFORMING ARTS INC | |||||
| 405 SOUTH BEVERLY DRIVE | BEVERLY HILLS | CA | 90212 | ENTERTAINMENT | $350,000 |
| MARYLAND CORRECTIONAL ENTERPRISES | |||||
| 7275 WATERLOO ROAD | JESSUP | MD | 20794 | FURNITURE & EQUIPMENT | $321,372 |
| CHARTWELLS DINING SERVICES | |||||
| PO BOX 417632 | BOSTON | MA | 022417632 | FOOD SERVICES | $296,215 |
| RUFFALO NOEL LEVITZ | |||||
| PO BOX 718 | DES MOINES | IA | 503030718 | PROJECT MANAGEMENT | $175,000 |
| WELLNESS SOLUTIONS INC | |||||
| PO BOX 349 | THE PLAINS | VA | 20198 | EQUIP.&INSTALL. COSTS | $134,341 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $283,131 | FundraisingAmt |
| All Other Contributions | $3,934,667 | AllOtherContributionsAmt |
| Noncash Contributions | $258,410 | NoncashContributionsAmt |
| Total Contributions | $4,217,798 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP FEES | 900099 | $193,340 | $193,340 |
| SALES/MISC/CERAMIC GUILD | 900099 | $140,750 | $140,750 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $334,090 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,530,662 | TotalRevenueColumnAmt |
| Exclusion | $1,530,662 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $60,433 | TotalRevenueColumnAmt |
| Exclusion | $60,433 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,410,988 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,218,940 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $192,048 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $192,048 | TotalRevenueColumnAmt |
| Exclusion | $192,048 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $584,587 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $283,131 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $634,249 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$49,662 | TotalRevenueColumnAmt |
| Exclusion | -$49,662 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SPECIAL PROGRAMS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $352,279 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $352,279 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $352,279 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,637,648 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $686,369 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,733,481 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,567,966 | TotalAmt |
| Program Services | $3,567,966 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $149,508 | TotalAmt |
| Management And General | $149,508 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,371 | TotalAmt |
| Management And General | $153,075 | ManagementAndGeneralAmt |
| Fundraising | $50,296 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,862 | TotalAmt |
| Management And General | $10,862 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,892 | TotalAmt |
| Management And General | $10,892 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,890 | TotalAmt |
| Management And General | $20,684 | ManagementAndGeneralAmt |
| Fundraising | $206 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,000 | TotalAmt |
| Fundraising | $175,000 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,120 | TotalAmt |
| Management And General | $6,120 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,562 | TotalAmt |
| Management And General | $50,562 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,093 | TotalAmt |
| Program Services | $117,684 | ProgramServicesAmt |
| Management And General | $81,409 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $750,387 | TotalAmt |
| Program Services | $680,735 | ProgramServicesAmt |
| Management And General | $10,770 | ManagementAndGeneralAmt |
| Fundraising | $58,882 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $552,672 | TotalAmt |
| Program Services | $481,690 | ProgramServicesAmt |
| Management And General | $120 | ManagementAndGeneralAmt |
| Fundraising | $70,862 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,837 | TotalAmt |
| Program Services | $91,367 | ProgramServicesAmt |
| Management And General | $6,341 | ManagementAndGeneralAmt |
| Fundraising | $1,129 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,635 | TotalAmt |
| Program Services | $52,420 | ProgramServicesAmt |
| Management And General | $15,307 | ManagementAndGeneralAmt |
| Fundraising | $908 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,358 | TotalAmt |
| Program Services | $13,666 | ProgramServicesAmt |
| Management And General | $10,692 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,855 | TotalAmt |
| Program Services | $207,288 | ProgramServicesAmt |
| Management And General | $120 | ManagementAndGeneralAmt |
| Fundraising | $3,447 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,627 | TotalAmt |
| Program Services | $29,602 | ProgramServicesAmt |
| Fundraising | $25 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,479 | TotalAmt |
| Program Services | $69,479 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $652 | TotalAmt |
| Management And General | $652 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,915 | TotalAmt |
| Program Services | $4,438 | ProgramServicesAmt |
| Management And General | $13,477 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EQUIP RENTAL & MAINT. | $605,662 | $605,214 | $171 | $277 |
| EDUCATIONAL PROGRAMS | $292,342 | $292,342 | $0 | $0 |
| DUES AND MEMBERSHIPS | $190,012 | $184,369 | $4,318 | $1,325 |
| CREDIT CARD FEES/MISC | $106,626 | $11,785 | $1,962 | $92,879 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,864 | TotalAmt |
| Program Services | $96,752 | ProgramServicesAmt |
| Management And General | $3,112 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,512,187 | TotalAmt |
| Program Services | $6,506,797 | ProgramServicesAmt |
| Management And General | $550,154 | ManagementAndGeneralAmt |
| Fundraising | $455,236 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $300 | BOYAmt |
| EOY | $300 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,645,190 | BOYAmt |
| EOY | $5,614,448 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,626,111 | BOYAmt |
| EOY | $1,480,768 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,093 | BOYAmt |
| EOY | $54,005 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $144,158 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $143,790 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,020 | BOYAmt |
| EOY | $368 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,706,781 | BOYAmt |
| EOY | $53,477,141 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,547,104 | BOYAmt |
| EOY | $7,374,696 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,468 | BOYAmt |
| EOY | $264,259 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,845,067 | BOYAmt |
| EOY | $68,265,985 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $937,654 | BOYAmt |
| EOY | $1,535,856 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,062 | BOYAmt |
| EOY | $1,368 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $942,716 | BOYAmt |
| EOY | $1,537,224 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,432,205 | BOYAmt |
| EOY | $3,291,982 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,383,241 | BOYAmt |
| EOY | $23,256,479 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,086,905 | BOYAmt |
| EOY | $40,180,300 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,902,351 | BOYAmt |
| EOY | $66,728,761 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,845,067 | BOYAmt |
| EOY | $68,265,985 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$874,539 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,295,063 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,989 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,994,656 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,009,967 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,341,224 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,591,308 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,217,798 | CurrentTaxYearAmt |
| Total | $25,154,953 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,994,656 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,009,967 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,341,224 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,591,308 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,217,798 | CurrentTaxYearAmt |
| Total | $25,154,953 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,070,575 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,084,378 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,364,754 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,641,256 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,501,833 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,805,911 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,591,095 | CurrentTaxYearAmt |
| Total | $8,904,849 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $34,059,802 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,675,497 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.56030 | PublicSupportCY170Pct |
| Public Support PY170 | 0.56450 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,421,810 | BeginningYearBalanceAmt |
| Contributions | $1,040,464 | ContributionsAmt |
| Investment Earnings Or Losses | $106,503 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $991,511 | GrantsOrScholarshipsAmt |
| Other Expenditures | $746,254 | OtherExpendituresAmt |
| Administrative Expenses | $179,181 | AdministrativeExpensesAmt |
| End Year Balance | $52,651,831 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $52,787,491 | BeginningYearBalanceAmt |
| Contributions | $747,511 | ContributionsAmt |
| Investment Earnings Or Losses | $1,529,375 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $776,041 | GrantsOrScholarshipsAmt |
| Other Expenditures | $630,320 | OtherExpendituresAmt |
| Administrative Expenses | $236,206 | AdministrativeExpensesAmt |
| End Year Balance | $53,421,810 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $45,899,216 | BeginningYearBalanceAmt |
| Contributions | $547,710 | ContributionsAmt |
| Investment Earnings Or Losses | $7,768,047 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $691,939 | GrantsOrScholarshipsAmt |
| Other Expenditures | $522,413 | OtherExpendituresAmt |
| Administrative Expenses | $213,130 | AdministrativeExpensesAmt |
| End Year Balance | $52,787,491 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $39,275,752 | BeginningYearBalanceAmt |
| Contributions | $2,590,323 | ContributionsAmt |
| Investment Earnings Or Losses | $5,262,050 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $632,008 | GrantsOrScholarshipsAmt |
| Other Expenditures | $456,187 | OtherExpendituresAmt |
| Administrative Expenses | $140,714 | AdministrativeExpensesAmt |
| End Year Balance | $45,899,216 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,684,855 | BeginningYearBalanceAmt |
| Contributions | $863,250 | ContributionsAmt |
| Investment Earnings Or Losses | $674,946 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $323,543 | GrantsOrScholarshipsAmt |
| Other Expenditures | $308,928 | OtherExpendituresAmt |
| Administrative Expenses | $314,828 | AdministrativeExpensesAmt |
| End Year Balance | $39,275,752 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.74000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $144,158 | OtherCostOrOtherBasisAmt |
| Depreciation | $143,790 | DepreciationAmt |
| Book Value | $368 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $368 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMINGLED FUND INTEREST | Desc |
| Book Value | $7,374,696 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $7,374,696 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,972,845 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,295,063 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $630,260 | OtherRevenueAmt |
| Revenue Not Reported | -$664,803 | RevenueNotReportedAmt |
| Revenue Subtotal | $6,637,648 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,637,648 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,146,435 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $634,249 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $634,249 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,512,186 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,512,186 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1A: | THE FOUNDATION'S COLLECTIONS CONSIST OF ART OBJECTS AND ANTIQUES HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGUED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING ITS EXISTENCE AND ASSESSING ITS CONDITION ARE PERFORMED PERIODICALLY. THE FOUNDATION ESTIMATES THE VALUE OF THE COLLECTIONS AT APPROXIMATELY $2,205,000. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN TEMPORARILY RESTRICTED NET ASSETS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. |
| PART III, LINE 4: | THE ART COLLECTION AT TOWSON UNIVERSITY IS A FOCAL POINT FOR THE PROMOTION OF THE ARTS AND CULTURES OF THE WORLD TO ITS STUDENTS, FACULTY, LOCAL, NATIONAL AND INTERNATIONAL CONSTITUENCIES. IT A) PRESENTS VISUAL AND PERFORMING ARTS, B) COLLECTS AND EXHIBITS REPRESENTATIVE ARTIFACTS AND C) OFFERS SELECT EDUCATIONAL OPPORTUNITIES, WHICH ALLOW THOSE DIVERSE CONSTITUENCIES TO EXPERIENCE AND BETTER UNDERSTAND THE AESTHETICS AND ACHIEVEMENTS OF VARIOUS CULTURES. THE EDUCATIONAL GOAL OF THE FOUNDATION IS TO PROVIDE VISITORS WITH AN UNDERSTANDING AND APPRECIATION OF THE BREADTH AND DEPTH OF ARTS AND CULTURE, WITH PRIORITY GIVEN TO: 1) MAKING THE COLLECTIONS AND THEIR RESOURCES AVAILABLE TO THE GENERAL PUBLIC, 2) PROVIDING A MOTIVATING ENVIRONMENT FOR STUDENTS OF ALL AGES TO GAIN AN UNDERSTANDING OF THE ARTS AND CULTURE, 3) SUPPORTING ARTISTS/ORGANIZATIONS WHO SHARE THE GOAL OF PRESERVING FOR FUTURE GENERATIONS SIGNIFICANT MILESTONE ACHIEVEMENTS IN ART AND, 4) DEMONSTRATING TO THE COMMUNITY, THROUGH STIMULATING EXHIBITS, ITS HISTORIC HERITAGE AND HEIGHTENING THE OVERALL AWARENESS OF AND PRIDE IN ITS CONTRIBUTIONS TO THE COMMUNITY'S QUALITY OF LIFE. |
| PART V, LINE 4: | THE ENDOWMENT ASSETS ARE UTILIZED BY THE FOUNDATION IN ACCORDANCE WITH THE WISHES OF THE DONORS. THE FOUNDATION HAS ESTABLISHED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT ASSETS. |
| PART X, LINE 2: | THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY -3,989. FUNDRAISING EXPENSES RECORDED WITH REVENUE 634,249. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE RECORDED WITH REVENUE 634,249. |
| PART XI, LINE 4B AND PART XII, LINE 2D | FUNDRAISING EXPENSES OF $634,249 ARE RECORDED ON THE ORGANIZATION'S EXPENSE SECTION OF THE AUDITED FINANCIAL STATEMENTS, BUT ARE INCLUDED IN THE REVENUE SECTION OF THE FORM 990. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 150TH ANNIVERSARY CELEBRATION | Event1Nm |
| Gross Receipts Event1 | $473,353 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $199,675 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $273,678 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $10,018 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $388,157 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $123,764 | OtherDirectExpensesEvent1Amt |
| Event2 | BLACK & GOLD HOF GOLF TOURNAMENT | Event2Nm |
| Gross Receipts Event2 | $39,025 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $4,750 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $34,275 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $12,553 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $10,814 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $10,306 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 9 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $192,669 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $78,706 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $113,963 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $34,149 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $29,265 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $15,223 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $705,047 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $283,131 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $421,916 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $56,720 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $428,236 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $149,293 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $634,249 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$212,333 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|---|---|---|---|---|
| TOWSON UNIVERSITY | ||||||||||
| 8000 YORK ROAD | TOWSON | MD | 212520001 | 526002033 | 501(C)(3) | $1,519,004 | SCHOLARSHIPS AND AWARDS TO VARIOUS RECIPIENTS | |||
| TOWSON UNIVERSITY | ||||||||||
| 8000 YORK ROAD | TOWSON | MD | 212520001 | 526002033 | 501(C)(3) | EQUIPMENT FOR USE OF TOWSON UNIVERSITY STUDENTS | $581,761 | FMV | EQUIPMENT | |
| TOWSON UNIVERSITY | ||||||||||
| 8000 YORK ROAD | TOWSON | MD | 212520001 | 526002033 | 501(C)(3) | $1,467,201 | SEE SCHEDULE I PART IV | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PART II | FormAndLineReferenceDesc |
| Explanation | GRANTS INCLUDE REIMBURSEMENTS TO COVER EXPENSES PAID FOR BY TOWSON UNIVERSITY, INCLUDING PAYROLL, COPIES, PRINTING, AND OTHER EXPENSES INCURRED BY TOWSON UNIVERSITY. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $60,830 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MEAN VAL/SH-GIFT DATE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | EQUIPMENT | Desc |
| Contribution | 236 | ContributionCnt |
| Noncash Contributions Rpt F990 | $197,580 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | BEST ESTIMATE OF LIK | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FULL BOARD OF DIRECTORS HAS AUTHORIZED THE FOUNDATION'S AUDIT COMMITTEE TO CONDUCT THE ANNUAL REVIEW OF THE FORM 990, ON BEHALF OF THE ENTIRE BOARD OF DIRECTORS. AT THE ANNUAL BOARD MEETING IN MAY, THE AUDIT COMMITTEE CHAIR REPORTS THE COMMITTEE'S FINDINGS AND THE RESULTS OF THEIR REVIEW TO THE ENTIRE FULL BOARD, THEREBY MAKING THE FULL BOARD AWARE OF THE FORM 990 AS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, A DISCLOSURE FORM IS SENT TO EACH MEMBER OF THE BOARD OF DIRECTORS. THE FORM MUST BE COMPLETED, SIGNED AND RETURNED TO THE FOUNDATION. ONCE RETURNED, THE FORMS ARE REVIEWED BY THE VICE PRESIDENT. IF THERE ARE ANY FORMS INDICATING A POTENTIAL CONFLICT, THOSE FORMS ARE SHARED WITH THE EXECUTIVE VICE PRESIDENT AND THE BOARD PRESIDENT FOR FURTHER REVIEW, ACTION AND REMEDY, IF NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE VICE PRESIDENT (NOT A PAID EMPLOYEE OF THE FOUNDATION) SERVES AS THE DIRECT SUPERVISOR OF THE VICE PRESIDENT (WHO IS A PAID EMPLOYEE OF THE FOUNDATION). THE EXECUTIVE VICE PRESIDENT CONSULTS WITH THE BOARD'S EXECUTIVE COMMITTEE ON ALL COMPENSATION MATTERS CONCERNING THE VICE PRESIDENT. THE ENTIRE PROCESS IS GOVERNED BY OUR APPROVED AND OPERATIONAL EXECUTIVE COMPENSATION POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | ON OUR WEBSITE, WE MAKE THE AUDITED FINANCIAL STATEMENTS AND CERTAIN GOVERNING DOCUMENTS AVAILABLE FOR REVIEW. WE ALSO MAKE THESE DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY -3,989. |