Will Group Foundation INC FY2020 filing

Tax-deductible

Frederick, MD501(c)(3)EducationEIN 30-0012378

The Will Group Foundation empowers underserved youth within the community through outreach, financial support and volunteer efforts. We provide assistance and opportunity by supporting educational pursuits, personal growth and development, job training, and emergency assistance.

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

FY2020 · 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 $41K a year · 40% 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
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$154K
Spent
$41K
To programs
100%
Net assets
$900K
By yearFY2020–FY2024
Revenue
$154K
FY2020
Revenue by fiscal year
FY2020$154K
FY2021$68K
FY2022$50K
FY2023$97K
FY2024$148K
Expenses
$41K
FY2020
Expenses by fiscal year
FY2020$41K
FY2021$44K
FY2022$70K
FY2023$67K
FY2024$88K
Net assets
$900K
FY2020
Net assets by fiscal year
FY2020$900K
FY2021$990K
FY2022$762K
FY2023$901K
FY2024$1.0M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Feb 2002.

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% · $41K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Will Group Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Empowers underserved youth through education, job training, and emergency aid.

Provided by the organization

This section is blank until Will Group Foundation INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $41K of program spending, described in the organization's own filed words · FY2020.
01

Fund organizations that support the needs of youth in the Frederick County community

$41Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$500
Grants paid · 28 grants · $182K · 2022–2024
Asian American Center of FrederickFY2024$30,000
Safe Ride FoundationMD · FY2024$10,000
The Frederick Center INCMD · FY2024$10,000
Mental Health AssociationFY2024$10,000
Operation Second Chance INCMD · FY2024$5,000
Supporting Older Adults Through Resources(soar)FY2024$5,000
Sleep in Heavenly Peace Frederick ChapterFY2024$2,250
Boys and Girls Club of Frederick CountyFY2024$1,700
Women's Giving CircleFY2024$1,500
The Angel FundFY2024$500
Crossroads Freedom CenterFY2024$300
Hope ConnectionsFY2024$200
Linganore Area Youth Athletic Association INCFY2024$125
The Rotary FoundationFY2024$100
Beyond Shelter INCND · FY2023$8,000
The Frederick Center INCMD · FY2023$7,500
See all 28 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$154K
Ln 12
Investment incomeLn 3$123K
Gifts and grantsLn 1h$31K
Money outPt IX
$41K
Ln 25
Programscol B$41K
Owns and owesPt X
$900K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$900K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Investment incomeLn 3$123K
Gains on assetsLn 7−$845
Total revenueLn 12$154K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$855K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$900K
LiabilitiesLn 26$0
Net assetsLn 32$900K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$54K$45K
InvestmentsLn 11–13$733K$855K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$787K$900K
LiabilitiesLn 26$0$0
Net assetsLn 32$787K$900K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$300$300
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$218$218
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$41K$41K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $148K$88K$59K$1.0M 990 PDF
FY2023 $97K$67K$30K$901K 990 PDF
FY2022 $50K$70K−$19K$762K 990 PDF
FY2021 $68K$44K$24K$990K 990 PDF
FY2020 Viewing $154K$41K$114K$900K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $154,039 across 8 lines filed
VIII-1f All other contributions, gifts and grants$31,000
VIII-1h Total contributions, gifts and grants$31,000
VIII-3 Investment incomeRelated to mission $123,884$123,884
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$845−$845
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $123,039$154,039
Part IX · Statement of functional expenses $40,518 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $40,000$40,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $300$300
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $218$218
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $40,518 · Management $0 · Fundraising $0$40,518
Part X · Balance sheet $900,411 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $54,349$45,454
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $732,541$854,957
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $786,890$900,411
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $786,890$900,411
X-32 Total net assets or fund balancesStart of year $786,890$900,411
X-33 Total liabilities and net assetsStart of year $786,890$900,411
Part XI · Reconciliation of net assets $900,411 net assets at year end
XI-1 Total revenue$154,039
XI-2 Total expenses$40,518
XI-3 Revenue less expenses$113,521
XI-4 Net assets at start of year$786,890
XI-10 Net assets at end of year$900,411

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.