Bfg Community Foundation INC

Tax-deductible

Towson, MD501(c)(3)Human ServicesEIN 37-1781494Revenue $420K in FY2024

On file with the IRS1020 Cromwell Bridge Rd, 21286-3308 · Towson, MDTax-exempt since Aug 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the corporation is to effect a positive and determined impact in our local Community in the areas of sheltering the homeless, feeding and clothing families, supporting the educational needs of our Community youth and supporting those who protect our Community.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 $121K a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
49 mo
of spending, in cash
Looks good: 48.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $618
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
+100% vs prior year
Spent
$94K
To programs
77%
Net assets
$846K
By yearFY2020–FY2024
Revenue
$420K
FY2024▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$371K
FY2021$422K
FY2022$430K
FY2023$210K
FY2024$420K
Expenses
$94K
FY2024▼ -58%
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$315K
FY2022$304K
FY2023$223K
FY2024$94K
Net assets
$846K
FY2024▲ +71%
Tap a bar for its year
Net assets by fiscal year
FY2020$335K
FY2021$418K
FY2022$488K
FY2023$493K
FY2024$846K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $73K Management & general 6% · $6K Fundraising 17% · $16K

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

31 people listed on the 990.

Part VII, Section A · reportable compensation
President/Chairman/Directo
$0Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bfg Community Foundation INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides shelter, food, clothing, and educational support to those in need.

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Provided by the organization

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1 program · $73K · in their own filed words · FY2024
01

To promote community improvement by providing shelter for the homeless, providing food and clothing for families in need, supporting the educational needs of the community youth and supporting those who protect our community.

$73Kprogram expense

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 · FY2023
Total grants receivedfrom 2 funders$618
Grants paid · 26 grants · $279K · 2020–2024
Found in Faith MinistriesMD · FY2024$5,500
Shepherds Staff INCMD · FY2024$5,000
The Agoge ProjectMD · FY2023$29,500
Shepherds Staff INCMD · FY2023$5,750
Found in Faith MinistriesMD · FY2023$5,500
Red Devils INCMD · FY2023$5,000
Mentoring Mentors INCMD · FY2022$7,750
Red Devils INCMD · FY2022$5,750
The Agoge ProjectMD · FY2022$5,500
Family Survivor NetworkMD · FY2022$5,500
Touching Young Lives INCFY2022$5,000
See all 26 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$420K
Ln 12
Gifts and grantsLn 1h$411K
Investment incomeLn 3$18K
Money outPt IX
$94K
Ln 25
Programscol B$73K
Managementcol C$6K
Fundraisingcol D$16K
Owns and owesPt X
$846K
net assets · Ln 32
Cash and savingsLn 1–2$383K
Total assetsLn 16$873K
LiabilitiesLn 26$28K
PeoplePt VI, VII
31
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$411K
Noncash giftsLn 1g$4K
Fundraising eventsLn 1c$89K
Investment incomeLn 3$18K
Gains on assetsLn 7$5K
Total revenueLn 12$420K
Assets in detailPt X, end of year
CashLn 1$383K
Cash and savings togetherLn 1–2$383K
InvestmentsLn 11–13$485K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$873K
LiabilitiesLn 26$28K
Net assetsLn 32$846K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$240K$383K
InvestmentsLn 11–13$290K$485K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$530K$873K
LiabilitiesLn 26$36K$28K
Net assetsLn 32$493K$846K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Other salaries and wagesLn 7$15K$11K$2K$2K
Other employee benefitsLn 9$1K$800$141$141
Payroll taxesLn 10$2K$2K$287$287
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$312$312
Other fees for servicesLn 11g$550$550
Office expensesLn 13$13K$9K$2K$2K
Information technologyLn 14$3K$3K$276$517
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$29K$16K$1K$11K
Total functional expensesLn 25$94K$73K$6K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $420K$94K$325K$846K 990 PDF
FY2023 $210K$223K−$13K$493K 990 PDF
FY2022 $430K$304K$126K$488K 990 PDF
FY2021 $422K$315K$107K$418K 990 PDF
FY2020 $371K$310K$61K$335K 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 FY2024 990 (6 parts)
Part I · Summary $419,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $217,502$410,701
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,530$17,841
I-11 Other revenuePrior year −$9,174−$8,766
I-12 Total revenuePrior year $209,858$419,776
I-13 Grants and similar amounts paidPrior year $66,530$15,975
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $84,355$18,214
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $72,376$60,256
I-18 Total expensesPrior year $223,261$94,445
I-19 Revenue less expensesPrior year −$13,403$325,331
Part VI · Governance 31 of 31 board members independent, 5 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $419,776 across 8 lines filed
VIII-1c Fundraising events$88,937
VIII-1f All other contributions, gifts and grants$321,764
VIII-1g Noncash contributions (included above)$3,718
VIII-1h Total contributions, gifts and grants$410,701
VIII-3 Investment incomeExcluded from tax $13,003$13,003
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,838$4,838
VIII-8 Net income from fundraising eventsExcluded from tax −$8,766−$8,766
VIII-12 Total revenueRelated to mission $4,838 · Unrelated business $0 · Excluded from tax $4,237$419,776
Part IX · Statement of functional expenses $94,445 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $15,975$15,975
IX-7 Other salaries and wagesPrograms $11,339 · Management $1,791 · Fundraising $1,791$14,921
IX-9 Other employee benefitsPrograms $800 · Management $141 · Fundraising $141$1,082
IX-10 Payroll taxesPrograms $1,637 · Management $287 · Fundraising $287$2,211
IX-11c Accounting feesPrograms $9,000$9,000
IX-11f Investment management feesManagement $312$312
IX-11g Other fees for servicesPrograms $550$550
IX-13 Office expensesPrograms $9,296 · Management $1,620 · Fundraising $1,620$12,536
IX-14 Information technologyPrograms $2,655 · Management $276 · Fundraising $517$3,448
IX-23 InsurancePrograms $5,604$5,604
IX-24 Other expenses (24a–d)Programs $16,051 · Management $1,395 · Fundraising $11,360$28,806
IX-25 Total functional expensesPrograms $72,907 · Management $5,822 · Fundraising $15,716$94,445
Part X · Balance sheet $873,425 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $239,598$382,974
X-4 Accounts receivable$5,000
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $290,368$485,451
X-16 Total assetsStart of year $529,966$873,425
X-17 Accounts payable and accrued expensesStart of year $24,000$17,500
X-19 Deferred revenueStart of year $12,500$10,000
X-26 Total liabilitiesStart of year $36,500$27,500
X-32 Total net assets or fund balancesStart of year $493,466$845,925
X-33 Total liabilities and net assetsStart of year $529,966$873,425
Part XI · Reconciliation of net assets $845,925 net assets at year end
XI-1 Total revenue$419,776
XI-2 Total expenses$94,445
XI-3 Revenue less expenses$325,331
XI-4 Net assets at start of year$493,466
XI-5 Net unrealized gains (losses) on investments$27,128
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$845,925

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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