Richcroft INC FY2021 filing

Tax-deductible

Hunt Valley, MD501(c)(3)Since 1983Human ServicesEIN 52-1302331Revenue $26.1M in FY2021

On file with the IRSrichcroft.org11350 McCormick Rd Suite 700 Execut, 21031-1002 · Hunt Valley, MDTax-exempt since Sep 1983Publicly supported charity — 170(b)(1)(A)(vi)

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It is the mission of Richcroft, Inc. to create opportunities for people with intellectual and other developmental disabilities to make choices that will assist them in living full and productive lives. To that end, Richcroft, Inc. provides residential, educational and other support services to people in Howard, Harford, Baltimore and Carroll Counties.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$300K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
6 of 6
filings with a surplus
Average surplus $3.2M a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$300K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $80K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.8M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
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
$26.1M
+30% vs prior year
Spent
$21.2M
To programs
89%
Net assets
$10.3M
By yearFY2020–FY2025
Revenue
$26.1M
FY2021▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.1M
FY2021$26.1M
FY2022$27.2M
FY2023$30.0M
FY2024$36.5M
FY2025$40.9M
Expenses
$21.2M
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.2M
FY2021$21.2M
FY2022$23.4M
FY2023$27.3M
FY2024$32.6M
FY2025$37.8M
Net assets
$10.3M
FY2021▲ +94%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$10.3M
FY2022$10.0M
FY2023$11.7M
FY2024$14.8M
FY2025$18.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1983.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $18.8M Management & general 11% · $2.4M

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

13 people listed on the 990; $300K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$165,633Pt VII · Sec A
Executive Direc
$133,913Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin M Drumheller’s $313K as CEO is at the 78th percentile of top reported officer pay among 3122 $10–100M human services 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin M Drumheller$312,631$230,895$197,634$192,702$133,913—
Michael Hargest$236,884$184,221$163,312$160,913$165,633$154,348
David D Coughlin—————$220,973
Claudia Moon$170,223—————
Chike E Ogbonna$149,660$134,659————
Shontae M Jones$142,149$126,818————
Lisa S Ackerman$131,322$114,684————
Jessica F Klein$129,937$111,829————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Supports adults with disabilities to live independently and productively through community living and personalized services.

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Provided by the organization

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1 program · $18.8M · in their own filed words · FY2020
01

It is the mission of Richcroft, Inc. to create opportunities for people with intellectual and other developmental disabilities to make choices that will assist them in living full and productive lives. To that end, Richcroft, Inc.

$18.8Mprogram 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 2 funders$80K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$26.1M
Ln 12
Fees for servicesLn 2g$25.8M
Investment incomeLn 3$134K
Gifts and grantsLn 1h$80K
Money outPt IX
$21.2M
Ln 25
Programscol B$18.8M
Managementcol C$2.4M
Owns and owesPt X
$10.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$24.1M
LiabilitiesLn 26$13.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Fees for servicesLn 2g$25.8M
Investment incomeLn 3$134K
Other incomeLn 4–11$5K
Gains on assetsLn 7$2K
Total revenueLn 12$26.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$11.0M
Land, buildings, equipmentLn 10c$10.8M
Other assetsLn 15$261K
Total assetsLn 16$24.1M
LiabilitiesLn 26$13.8M
Net assetsLn 32$10.3M
OperationsPt I, VI
EmployeesI 5679
VolunteersI 687
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.3M$1.1M
InvestmentsLn 11–13$5.4M$11.0M
Land, buildings, equipmentLn 10c$11.4M$10.8M
Total assetsLn 16$19.5M$24.1M
LiabilitiesLn 26$14.2M$13.8M
Net assetsLn 32$5.3M$10.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$330K$330K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$12.8M$12.0M$790K
Pension plan contributionsLn 8$115K$115K
Other employee benefitsLn 9$1.1M$940K$139K
Payroll taxesLn 10$959K$884K$75K
Management feesLn 11a$0
Legal feesLn 11b$33K$33K
Accounting feesLn 11c$37K$37K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$185K$185K
Advertising and promotionLn 12$14K−$40$14K
Office expensesLn 13$169K$74K$96K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$509K$285K$225K
TravelLn 17$63K$60K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$66K$8K$58K
InterestLn 20$444K$441K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$680K$634K$46K
InsuranceLn 23$432K$350K$83K
Other expenses (24a–d)Ln 24$3.1M$2.8M$294K
All other expensesLn 24e$132K$132K$257
Total functional expensesLn 25$21.2M$18.8M$2.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $40.9M$37.8M$3.1M$18.1M 990 PDF
FY2024 $36.5M$32.6M$3.8M$14.8M 990 PDF
FY2023 $30.0M$27.3M$2.8M$11.7M 990 PDF
FY2022 $27.2M$23.4M$3.9M$10.0M 990 PDF
FY2021 Viewing $26.1M$21.2M$4.9M$10.3M 990 PDF
FY2020 $20.1M$19.2M$885K$5.3M 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 FY2021 990 (6 parts)
Part I · Summary $26,061,033 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,194$80,177
I-9 Program service revenuePrior year $19,800,482$25,840,952
I-10 Investment incomePrior year $216,752$134,469
I-11 Other revenuePrior year $2,958$5,435
I-12 Total revenuePrior year $20,051,386$26,061,033
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $14,561,938$15,285,879
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,604,750$5,881,864
I-18 Total expensesPrior year $19,166,688$21,167,743
I-19 Revenue less expensesPrior year $884,698$4,893,290
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $26,061,033 across 10 lines filed
VIII-1f All other contributions, gifts and grants$80,177
VIII-1h Total contributions, gifts and grants$80,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,840,952$25,840,952
VIII-3 Investment incomeExcluded from tax $132,008$132,008
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,461$2,461
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,435$5,435
VIII-12 Total revenueRelated to mission $25,846,387 · Excluded from tax $134,469$26,061,033
Part IX · Statement of functional expenses $21,167,743 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 staffManagement $329,543$329,543
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $12,012,153 · Management $790,295$12,802,448
IX-8 Pension plan contributionsPrograms $115,499$115,499
IX-9 Other employee benefitsPrograms $940,070 · Management $139,413$1,079,483
IX-10 Payroll taxesPrograms $884,275 · Management $74,631$958,906
IX-11a Management fees$0
IX-11b Legal feesManagement $32,740$32,740
IX-11c Accounting feesManagement $37,373$37,373
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $184,877$184,877
IX-12 Advertising and promotionPrograms −$40 · Management $13,619$13,579
IX-13 Office expensesPrograms $73,776 · Management $95,666$169,442
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $284,688 · Management $224,566$509,254
IX-17 TravelPrograms $59,991 · Management $2,700$62,691
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $7,730 · Management $58,420$66,150
IX-20 InterestPrograms $441,403 · Management $2,926$444,329
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $634,069 · Management $45,967$680,036
IX-23 InsurancePrograms $349,835 · Management $82,628$432,463
IX-24 Other expenses (24a–d)Programs $2,823,087 · Management $293,609$3,116,696
IX-24e All other expensesPrograms $131,977 · Management $257$132,234
IX-25 Total functional expensesPrograms $18,758,513 · Management $2,409,230 · Fundraising $0$21,167,743
Part X · Balance sheet $24,061,054 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $1,326,451$1,118,089
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $193,159$145,393
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $458,353$573,366
X-10c Land, buildings and equipment, netStart of year $11,423,832$10,833,454
X-11 Publicly traded securitiesStart of year $5,356,309$10,967,758
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$162,476
X-15 Other assetsStart of year $712,162$260,518
X-16 Total assetsStart of year $19,470,266$24,061,054
X-17 Accounts payable and accrued expensesStart of year $1,195,452$1,436,985
X-19 Deferred revenue$360,227
X-25 Other liabilitiesStart of year $336,573$1,850,892
X-26 Total liabilitiesStart of year $14,188,715$13,807,565
X-27 Net assets without donor restrictionsStart of year $5,105,992$10,023,602
X-28 Net assets with donor restrictionsStart of year $175,559$229,887
X-32 Total net assets or fund balancesStart of year $5,281,551$10,253,489
X-33 Total liabilities and net assetsStart of year $19,470,266$24,061,054
Part XI · Reconciliation of net assets $10,253,489 net assets at year end
XI-1 Total revenue$26,061,033
XI-2 Total expenses$21,167,743
XI-3 Revenue less expenses$4,893,290
XI-4 Net assets at start of year$5,281,551
XI-5 Net unrealized gains (losses) on investments$78,648
XI-10 Net assets at end of year$10,253,489

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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