Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
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
9 people listed on the 990; $96K paid to officers and key staff.
Charlotte Owsianny’s $96K as Executive Director is at the 81st percentile of top reported officer pay among 1613 $100K–1M education 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.
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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
Empowering education, health, and community development to build a stronger Maryland.
Questions for Secu MD Foundation INC
Your first name shows with your question. Secu MD Foundation INC answers here, for everyone.
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Community impact grants to local nonprofit organizations support critical organization serving maryland communities to promote access to food, healthcare and education. Secu MD foundation is proud to honor our ongoing commitments through this grant program.
Scholarships defray tuition costs for higher education and are awarded to maryland community college students transferring to university system of maryland schools.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $423K | $388K |
| Total assetsLn 16 | $463K | $394K |
| LiabilitiesLn 26 | $428K | $346K |
| Net assetsLn 32 | $35K | $48K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $154K | $154K | ||
| Grants to domestic individualsLn 2 | $122K | $122K | ||
| Pay of current officers, directors and key staffLn 5 | $118K | $83K | $12K | $24K |
| Payroll taxesLn 10 | $7K | $5K | $731 | $1K |
| Accounting feesLn 11c | $36K | $0 | $36K | $0 |
| Office expensesLn 13 | $10K | $660 | $2K | $7K |
| Information technologyLn 14 | $16K | $0 | $16K | $0 |
| InsuranceLn 23 | $1K | $0 | $1K | $0 |
| Other expenses (24a–d)Ln 24 | −$6K | $0 | $0 | −$6K |
| Total functional expensesLn 25 | $459K | $364K | $68K | $26K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $472K | $459K | $13K | $48K | 990 PDF |
| FY2023 | $99K | $884K | −$785K | $35K | 990 PDF |
| FY2022 | $1.3M | $686K | $632K | $912K | 990 PDF |
| FY2021 | $395K | $283K | $113K | $280K | 990 PDF |
| FY2020 | $563K | $480K | $83K | $167K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $471,662 revenue, 12 lines filed
Part VI · Governance 3 of 8 board members independent, 2 to look at
Part VIII · Statement of revenue $471,662 across 6 lines filed
Part IX · Statement of functional expenses $458,850 across 9 lines filed
Part X · Balance sheet $394,287 assets, 10 lines filed
Part XI · Reconciliation of net assets $47,852 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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