The Community Foundation Holding Company Inc
Nonprofit profile at a glance
- EIN
- 522028247
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-T 2024
- Location
- Frederick, MD, USA
- Phone
- 3016957660
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $31,661
- Expenses
- $38,983
- Assets
- $312,759
- Liabilities
- $70,981
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- PAUL ROSE (FIRST VICE PRESIDENT)
- RAEANN BUTLER (SECOND VICE PRESIDENT)
- ELIZABETH Y DAY (PRESIDENT & CEO)
Highest reported compensation
- ELIZABETH Y DAY (PRESIDENT & CEO): $260,038 total reported compensation
- GAIL M FITZGERALD (CHIEF FINANCIAL OFFICER): $218,543 total reported compensation
- KIMBERLY LIDDICK - BYRNES (DIRECTOR OF MARKETING & COM): $124,990 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide financial support to the community foundation of frederick county Maryland, inc. A related exempt organization (cffc) by holding and investing assets for and in support of cffc, and to act as trustee for charitable trusts of which cffc is a beneficiary.
What it reported doing in 2024
To provide support to the community foundation of frederick county Maryland, inc.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 81
- Program expense ratio: 66.2%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -23.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 8.02; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 169.6%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -22.8% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 81.5% of revenue deployed · 66.2% of spending went to programs
- Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $26K in reported program spending
- Leadership: top reported pay $260K · 31 people listed · 4 of 6 pay-setting controls reported
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 4 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.