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San Mar INC EIN 52-2300762 Form 990 (PDF) Claim this org

San Mar INC

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Operates homes and clinics for at-risk children and adults, providing essential services. For fiscal year 2025 it reported $-312K in revenue, $635K in expenses, and $514K in net assets.Pt I

Type
Supporting organization · Mental Health
Location
Boonsboro, MD
Website
www.sanmarhope.org
Filings
6 on file (2020–2025)
Revenue
$-312KFY2025
Expenses
$635K
Net assets
$514K
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  52-2300762 Supporting organization Boonsboro, MD
Form 990 (PDF)
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Size
<$100K
What they do
Operates homes and clinics for at-risk children and adults, providing essential services.
Leadership
Keith Fanjoy · CEO
Money in and out
$-312K revenue, $635K expenses
Bottom line
90% program spending
Money in and out · FY2025
Total revenue
$-312K
Pt VIII · Ln 12
Total expenses
$635K
Pt IX · Ln 25
Net assets
$514K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$947K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program spending
90%
of expenses reach stated programs▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$-312K
FY2025▼ -131%
Expenses
$635K
FY2025▲ +605%
Total assets
$622K
FY2025▼ -60%
Total liabilities
$107K
FY2025▼ -21%
Total revenue
$-312K
Pt VIII · Ln 12
Total expenses
$635K
Pt IX · Ln 25
Net assets
$514K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$947K
Total assetsPt X · Ln 16$622K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $573K of program spending, described in the organization's own filed words · FY2024.
01

Parent organization with primary purpose to financially support affiliated child welfare agencies.

$573Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSan Mar INC
EINHdr · item D52-2300762
Principal addressHdr · item CBoonsboro, MD
WebsiteHdr · item Jwww.sanmarhope.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F11)
Ruling yearIRS BMFNov 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Mark Halsey
President
$0Pt VII · Sec A
Helen Mency
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Timothy Hott
Director
$0Pt VII · Sec A
David Lehr
Director
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$573K
Management & general10%$62K
Total functional expensesLn 25$635K

Balance Sheet

Part X · end of year
CashLn 1$231K
Total assetsLn 16$622K
Total liabilitiesLn 26$107K
Total net assetsLn 32$514K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $619K · Operating expenses/yr $635K
11.7 months
Where the money goes
Program services
Program services $573K · Total expenses $635K
90%
Management & General
Management & general $62K · Total expenses $635K
10%
Fundraising
Fundraising $0 · Total expenses $635K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $320K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $-312K
—
Government reliance
Government grants — · Total revenue $-312K
—
Earned-income share
Program service revenue $0 · Total revenue $-312K
—
Investment reliance
Investment income $-312K · Total revenue $-312K
—
Program self-sufficiency
Program service revenue $0 · Total expenses $635K
0%
Growth & trend
Revenue growth (YoY)
This year $-312K · Prior year $1.0M
-131%
Net-asset trend (YoY)
End of year $514K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-312K · Expenses $635K
—
Liabilities-to-Assets
Total liabilities — · Total assets $622K
—
Net-asset ratio
Net assets $514K · Total assets $622K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $388K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $622K
62%
People & payroll
Highest Reported Total Compensation
Individual Keith Fanjoy · Reported title CEO · Highest reported compensation $0 · Total expenses $635K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $635K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Revenue growth -131%——
Investment management fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
United Way of Washington County Maryland INCFY2024$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 6 grants · $3.7M · 2019–2023
San Mar Childrens Home INCMD · FY2023$82,780
San Mar Childrens Home INCMD · FY2022$351,178
San Mar Childrens Home INCMD · FY2021$318,414
San Mar Childrens Home INCMD · FY2020$2,836,239
San Mar Childrens Home INCMD · FY2020$6,444
San Mar Childrens Home INCMD · FY2019$100,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$-312K revenue · viewing · ⤓ 990 PDF
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$10K revenue · ⤓ 990 PDF
FY2022$778K revenue · ⤓ 990 PDF
FY2021$112K revenue · ⤓ 990 PDF
FY2020$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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