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Towercares Foundation INC FY2020 filing

Tax-deductible

Laurel, MD501(c)(3)Foundations & Grantmakers EIN 47-4164006Revenue $342K in FY2020

On file with the IRStowercaresfoundation.org7901 Sandy Spring Road 4th Floor, 20707-3589 · Laurel, MDTax-exempt since Sep 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Support children in need as well as heroic individuals and their families.

501(c)(3) charity; gifts are tax-deductible.
83¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $54K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $52
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$342K
Spent
$318K
To programs
83%
Net assets
$355K
By yearFY2020–FY2025
Revenue
$342K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$342K
FY2021$738K
FY2022$906K
FY2023$707K
FY2024$777K
FY2025$786K
Expenses
$318K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$318K
FY2021$378K
FY2022$496K
FY2023$748K
FY2024$772K
FY2025$1.2M
Net assets
$355K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$355K
FY2021$715K
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
FY2025$657K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2015.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $263K Management & general 17% · $55K Fundraising 0% · $279

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Harris
Treasurer
$0Pt VII · Sec A
Alvin Smith
Secretary
$0Pt VII · Sec A
Richard Brake
Director (thru March 2020)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Towercares 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps children, heroic individuals, and their families facing hardship.

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Provided by the organization

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2 programs · $263K · in their own filed words · FY2020
01

Towercares Grants

Grants to support charities that meet our mission: children in need and brave and heroic individuals and their families who have sacrificed while protecting our freedom.

$228Kprogram expense
02

Towercares Scholarship Program

Provided five $5,000 scholarships to student pursuing stem studies as their college major to support our mission to assist children in need. Expenses: $9,575 admin fee and $50 for checks.

$35Kprogram 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
Amazonsmile FoundationFY2023$52
Total grants receivedfrom 1 funder$52
Grants paid · 156 grants · $2.6M · 2020–2025
Unitemized GrantFY2025$200,000
The Johns Hopkins HospitalMD · FY2025$72,420
Anne Arundel County Food Bank INCMD · FY2025$30,000
Maryland Food Bank INCMD · FY2025$27,500
Fort Meade Alliance Foundation INCMD · FY2025$25,000
Boys & Girls Clubs of Annapolis & Anne Arundel County INCMD · FY2025$25,000
Maryland Therapeutic Riding INCMD · FY2025$20,000
Community Action Council of Howard County MD INCMD · FY2025$20,000
Sunrise Day Camps Association INCNY · FY2025$20,000
Caring for Military Families the Elizabeth Dole FoundationDC · FY2025$20,000
Capital Area Food Bank INCDC · FY2025$20,000
Neighbor Ride INCMD · FY2025$18,500
Travis Manion FoundationPA · FY2025$15,000
Defense Intelligence Memorial FoundationVA · FY2025$15,000
Casey Cares Foundation INCMD · FY2025$15,000
Fort Meade Spouses ClubMD · FY2025$13,000
Fish of Laurel INCMD · FY2025$13,000
Unitemized GrantFY2025$11,000
See all 156 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$342K
Ln 12
Gifts and grantsLn 1h$340K
Other incomeLn 4–11$2K
Investment incomeLn 3$511
Money outPt IX
$318K
Ln 25
Programscol B$263K
Managementcol C$55K
Fundraisingcol D$279
Owns and owesPt X
$355K
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$360K
LiabilitiesLn 26$5K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$340K
Investment incomeLn 3$511
Other incomeLn 4–11$2K
Total revenueLn 12$342K
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$266K
Cash and savings togetherLn 1–2$354K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$360K
LiabilitiesLn 26$5K
Net assetsLn 32$355K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$329K$354K
Land, buildings, equipmentLn 10c$423$0
Total assetsLn 16$335K$360K
LiabilitiesLn 26$5K$5K
Net assetsLn 32$331K$355K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$253K$253K
Legal feesLn 11b$35K$35K
Office expensesLn 13$17K$16K$279
Depreciation, depletion and amortizationLn 22$423$423
Other expenses (24a–d)Ln 24$12K$10K$3K
Total functional expensesLn 25$318K$263K$55K$279

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $786K$1.2M−$432K$657K 990 PDF
FY2024 $777K$772K$5K$1.1M 990 PDF
FY2023 $707K$748K−$41K$1.1M 990 PDF
FY2022 $906K$496K$410K$1.1M 990 PDF
FY2021 $738K$378K$360K$715K 990 PDF
FY2020 Viewing $342K$318K$24K$355K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $342,072 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $230,409$339,925
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,273$511
I-11 Other revenuePrior year −$1,439$1,636
I-12 Total revenuePrior year $231,243$342,072
I-13 Grants and similar amounts paidPrior year $201,760$253,254
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $70,433$64,418
I-18 Total expensesPrior year $272,193$317,672
I-19 Revenue less expensesPrior year −$40,950$24,400
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $342,072 across 6 lines filed
VIII-1b Membership dues$266,269
VIII-1f All other contributions, gifts and grants$73,656
VIII-1h Total contributions, gifts and grants$339,925
VIII-3 Investment incomeExcluded from tax $511$511
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,636$1,636
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,147$342,072
Part IX · Statement of functional expenses $317,672 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $253,254$253,254
IX-11b Legal feesManagement $34,752$34,752
IX-13 Office expensesManagement $16,487 · Fundraising $279$16,766
IX-22 Depreciation, depletion and amortizationManagement $423$423
IX-24 Other expenses (24a–d)Programs $9,625 · Management $2,852$12,477
IX-25 Total functional expensesPrograms $262,879 · Management $54,514 · Fundraising $279$317,672
Part X · Balance sheet $359,616 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $22,021$87,432
X-2 Savings and temporary cash investmentsStart of year $306,618$266,097
X-9 Prepaid expenses and deferred chargesStart of year $6,113$6,087
X-10c Land, buildings and equipment, netStart of year $423$0
X-16 Total assetsStart of year $335,175$359,616
X-17 Accounts payable and accrued expensesStart of year $4,550$4,591
X-26 Total liabilitiesStart of year $4,550$4,591
X-27 Net assets without donor restrictionsStart of year $327,837$353,385
X-28 Net assets with donor restrictionsStart of year $2,788$1,640
X-32 Total net assets or fund balancesStart of year $330,625$355,025
X-33 Total liabilities and net assetsStart of year $335,175$359,616
Part XI · Reconciliation of net assets $355,025 net assets at year end
XI-1 Total revenue$342,072
XI-2 Total expenses$317,672
XI-3 Revenue less expenses$24,400
XI-4 Net assets at start of year$330,625
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$355,025

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

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