Bwi Community Development Foundation INC FY2022 filing

Tax-deductible

Linthicum Heights, MD501(c)(3)Foundations & GrantmakersEIN 26-4630714Revenue $1.2M in FY2022

On file with the IRS1306 Concourse Drive, 21090-1027 · Linthicum Heights, MDTax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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The Bwi Community Development Foundation (also know as "the partnership Foundation) is a 501(c)(3) non-profit organization established in 2008 that exists to transform and revitalize the central maryland region by supporting and implementing initiatives within its strategic focus areas. Our strategic focus areas are: transportation, economic, Community and workforce Development, education, hospitality, tourism and local military support.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $5K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.4M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$286K
170% of total assets
Concern: liabilities are 170% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+13% vs prior year
Spent
$1.2M
To programs
100%
Net assets
−$118K
By yearFY2020–FY2024
Revenue
$1.2M
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$996K
FY2021$1.0M
FY2022$1.2M
FY2023$1.2M
FY2024$1.5M
Expenses
$1.2M
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$993K
FY2021$1.0M
FY2022$1.2M
FY2023$1.2M
FY2024$1.5M
Net assets
−$118K
FY2022▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$137K
FY2021−$130K
FY2022−$118K
FY2023−$121K
FY2024−$116K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.2M Management & general 0% · $578

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair,t
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gina Stewart’s $117K as Executive Di is at the 45th percentile of top reported officer pay among 1691 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes central Maryland through transportation, economic, community, and education initiatives.

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Provided by the organization

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2 programs · $1.2M · in their own filed words · FY2022
01

County Connector

The county connector is a free shuttle that connects workforce, jobseekers and residents to bwi marshall airport, live casino & hotel, arundel mills mall and bwi MARC/AMTRAK stations to effectively access employment opportunities in this area. This program is designed for those with limited access to public transportation.

$698Kprogram expense
02

Beautification

Provides roadside litter clean-up, REMOVAL/DISPOSAL of litter within a 3 mile radius of the live casino. Removal of debris, hazardous materials and other undesirable items; performing grass cuttings in common areas and plants and maintains vegetation which is aesthetically pleasing to the community.

$463Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1.4M

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$578
Owns and owesPt X
−$118K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$168K
LiabilitiesLn 26$286K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$1.1M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$52K
Cash and savings togetherLn 1–2$52K
Total assetsLn 16$168K
LiabilitiesLn 26$286K
Net assetsLn 32−$118K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$38K$52K
Total assetsLn 16$156K$168K
LiabilitiesLn 26$287K$286K
Net assetsLn 32−$130K−$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$330$126$204
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$360$360
OccupancyLn 16$23K$23K
TravelLn 17$542$542
InsuranceLn 23$814$615$199
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$5K$4K$175
Total functional expensesLn 25$1.2M$1.2M$578$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.5M$4K−$116K 990 PDF
FY2023 $1.2M$1.2M−$3K−$121K 990 PDF
FY2022 Viewing $1.2M$1.2M$12K−$118K 990 PDF
FY2021 $1.0M$1.0M$6K−$130K 990 PDF
FY2020 $996K$993K$4K−$137K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,173,901 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,039,303$1,173,901
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,039,303$1,173,901
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,033,003$1,161,522
I-18 Total expensesPrior year $1,033,003$1,161,522
I-19 Revenue less expensesPrior year $6,300$12,379
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,173,901 across 4 lines filed
VIII-1e Government grants$1,144,376
VIII-1f All other contributions, gifts and grants$29,525
VIII-1h Total contributions, gifts and grants$1,173,901
VIII-12 Total revenue$1,173,901
Part IX · Statement of functional expenses $1,161,522 across 8 lines filed
IX-11c Accounting feesPrograms $126 · Management $204$330
IX-12 Advertising and promotionPrograms $28,076$28,076
IX-13 Office expensesPrograms $360$360
IX-16 OccupancyPrograms $22,748$22,748
IX-17 TravelPrograms $542$542
IX-23 InsurancePrograms $615 · Management $199$814
IX-24 Other expenses (24a–d)Programs $1,104,009$1,104,009
IX-24e All other expensesPrograms $4,468 · Management $175$4,643
IX-25 Total functional expensesPrograms $1,160,944 · Management $578 · Fundraising $0$1,161,522
Part X · Balance sheet $168,220 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $37,694$52,133
X-4 Accounts receivableStart of year $118,455$116,087
X-16 Total assetsStart of year $156,482$168,220
X-17 Accounts payable and accrued expensesStart of year $1,104$15,175
X-19 Deferred revenueStart of year $169,768$169,768
X-25 Other liabilitiesStart of year $115,955$101,243
X-26 Total liabilitiesStart of year $286,827$286,186
X-27 Net assets without donor restrictionsStart of year −$130,345−$117,966
X-32 Total net assets or fund balancesStart of year −$130,345−$117,966
X-33 Total liabilities and net assetsStart of year $156,482$168,220
Part XI · Reconciliation of net assets −$117,966 net assets at year end
XI-1 Total revenue$1,173,901
XI-2 Total expenses$1,161,522
XI-3 Revenue less expenses$12,379
XI-4 Net assets at start of year−$130,345
XI-10 Net assets at end of year−$117,966

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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