Richcroft INC FY2023 filing

Tax-deductible

Hunt Valley, MD501(c)(3)Since 1983Human ServicesEIN 52-1302331Revenue $30.0M in FY2023

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.
90¢ of each $1 spent went to programs.
$361K 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

FY2023 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$361K
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
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$10.7M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.0M
+10% vs prior year
Spent
$27.3M
To programs
90%
Net assets
$11.7M
By yearFY2020–FY2025
Revenue
$30.0M
FY2023▲ +10%
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
$27.3M
FY2023▲ +17%
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
$11.7M
FY2023▲ +17%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 1983.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $24.5M Management & general 10% · $2.7M Fundraising 0% · $125K

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

15 people listed on the 990; $361K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$197,634Pt VII · Sec A
$163,312Pt VII · Sec A
$0Pt VII · Sec A
Director
$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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1 program · $24.5M · in their own filed words · FY2022
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.

$24.5Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$30.0M
Ln 12
Fees for servicesLn 2g$29.6M
Investment incomeLn 3$335K
Other incomeLn 4–11$67K
Money outPt IX
$27.3M
Ln 25
Programscol B$24.5M
Managementcol C$2.7M
Fundraisingcol D$125K
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$699K
Total assetsLn 16$22.4M
LiabilitiesLn 26$10.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Fees for servicesLn 2g$29.6M
Investment incomeLn 3$335K
Other incomeLn 4–11$67K
Gains on assetsLn 7$11K
Total revenueLn 12$30.0M
Assets in detailPt X, end of year
CashLn 1$699K
SavingsLn 2$0
Cash and savings togetherLn 1–2$699K
InvestmentsLn 11–13$8.8M
Land, buildings, equipmentLn 10c$10.5M
Other assetsLn 15$490K
Total assetsLn 16$22.4M
LiabilitiesLn 26$10.7M
Net assetsLn 32$11.7M
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 FY23End FY23
Cash and savingsLn 1–2$619K$699K
InvestmentsLn 11–13$9.2M$8.8M
Land, buildings, equipmentLn 10c$10.7M$10.5M
Total assetsLn 16$21.7M$22.4M
LiabilitiesLn 26$11.7M$10.7M
Net assetsLn 32$10.0M$11.7M
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$456K$456K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$18.7M$17.7M$895K$108K
Pension plan contributionsLn 8$147K$136K$10K$825
Other employee benefitsLn 9$1.1M$1.0M$47K$6K
Payroll taxesLn 10$1.4M$1.3M$97K$10K
Management feesLn 11a$0
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$42K$42K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$172K$172K
Advertising and promotionLn 12$110K$20K$90K
Office expensesLn 13$185K$85K$100K
Information technologyLn 14$58K$58K
RoyaltiesLn 15$0
OccupancyLn 16$521K$269K$252K
TravelLn 17$122K$102K$21K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$83K$11K$71K
InterestLn 20$347K$345K$1K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$683K$634K$49K
InsuranceLn 23$544K$438K$106K
Other expenses (24a–d)Ln 24$2.4M$2.2M$150K
All other expensesLn 24e$182K$169K$13K
Total functional expensesLn 25$27.3M$24.5M$2.7M$125K

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 Viewing $30.0M$27.3M$2.8M$11.7M 990 PDF
FY2022 $27.2M$23.4M$3.9M$10.0M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $30,024,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $94,028$36,237
I-9 Program service revenuePrior year $26,821,619$29,587,042
I-10 Investment incomePrior year $285,737$334,532
I-11 Other revenuePrior year $36,933$66,634
I-12 Total revenuePrior year $27,238,317$30,024,445
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $17,208,743$21,824,620
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,158,973$5,442,064
I-18 Total expensesPrior year $23,367,716$27,266,684
I-19 Revenue less expensesPrior year $3,870,601$2,757,761
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $30,024,445 across 10 lines filed
VIII-1f All other contributions, gifts and grants$36,237
VIII-1h Total contributions, gifts and grants$36,237
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,587,042$29,587,042
VIII-3 Investment incomeExcluded from tax $323,580$323,580
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,952$10,952
VIII-8 Net income from fundraising eventsExcluded from tax $44,289$44,289
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,345$22,345
VIII-12 Total revenueRelated to mission $29,609,387 · Excluded from tax $378,821$30,024,445
Part IX · Statement of functional expenses $27,266,684 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 $456,482$456,482
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $17,702,200 · Management $894,933 · Fundraising $107,520$18,704,653
IX-8 Pension plan contributionsPrograms $135,765 · Management $10,258 · Fundraising $825$146,848
IX-9 Other employee benefitsPrograms $1,047,317 · Management $46,836 · Fundraising $6,383$1,100,536
IX-10 Payroll taxesPrograms $1,309,278 · Management $96,582 · Fundraising $10,241$1,416,101
IX-11a Management fees$0
IX-11b Legal feesManagement $21,477$21,477
IX-11c Accounting feesManagement $42,000$42,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $171,777$171,777
IX-12 Advertising and promotionPrograms $20,247 · Management $89,700$109,947
IX-13 Office expensesPrograms $84,960 · Management $99,722$184,682
IX-14 Information technologyManagement $57,916$57,916
IX-15 Royalties$0
IX-16 OccupancyPrograms $268,673 · Management $252,293$520,966
IX-17 TravelPrograms $101,698 · Management $20,591$122,289
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $11,274 · Management $71,461$82,735
IX-20 InterestPrograms $345,389 · Management $1,476$346,865
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $633,907 · Management $49,308$683,215
IX-23 InsurancePrograms $438,110 · Management $105,522$543,632
IX-24 Other expenses (24a–d)Programs $2,222,685 · Management $150,206$2,372,891
IX-24e All other expensesPrograms $168,550 · Management $13,122$181,672
IX-25 Total functional expensesPrograms $24,490,053 · Management $2,651,662 · Fundraising $124,969$27,266,684
Part X · Balance sheet $22,393,362 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $618,645$699,040
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $172,532$1,126,063
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $581,271$592,062
X-10c Land, buildings and equipment, netStart of year $10,710,960$10,473,650
X-11 Publicly traded securitiesStart of year $9,229,473$8,845,702
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $184,885$167,231
X-15 Other assetsStart of year $166,257$489,614
X-16 Total assetsStart of year $21,664,023$22,393,362
X-17 Accounts payable and accrued expensesStart of year $774,766$921,774
X-19 Deferred revenue$253,737
X-25 Other liabilitiesStart of year $1,230,817$345,336
X-26 Total liabilitiesStart of year $11,663,434$10,724,433
X-27 Net assets without donor restrictionsStart of year $9,997,289$11,668,929
X-32 Total net assets or fund balancesStart of year $10,000,589$11,668,929
X-33 Total liabilities and net assetsStart of year $21,664,023$22,393,362
Part XI · Reconciliation of net assets $11,668,929 net assets at year end
XI-1 Total revenue$30,024,445
XI-2 Total expenses$27,266,684
XI-3 Revenue less expenses$2,757,761
XI-4 Net assets at start of year$10,000,589
XI-5 Net unrealized gains (losses) on investments−$89,421
XI-9 Other changes in net assets−$1,000,000
XI-10 Net assets at end of year$11,668,929

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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