Civic Intelligence

Frostburg State University Foundation

990 • Fiscal year 2020 • EIN 23-7120883

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 02, 2020

Organization ProfileWWW.FROSTBURG.EDU/FOUNDATION

Refreshing map…

101 Braddock RoadFrostburg, MD 21532-2303

(301) 687-4161

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.02x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

23rd percentile

-0.7%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$29,987,823

Down $204,938 (-0.7%) from 2019

Net Assets

Down

$29,920,431

Down $216,883 (-0.7%) from 2019

Liabilities

Up

$67,392

Up $11,945 (+22%) from 2019

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin86th percentile

Revenue

Down

$3,716,008

Down $1,067,659 (-22%) from 2019

Expenses

Down

$2,404,114

Down $110,404 (-4.4%) from 2019

Net Income

Down

$1,311,894

Down $957,255 (-42%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $16,971,141Liabilities 2011: $194,161Net Assets 2011: $16,776,9802011Assets 2012: $16,818,591Liabilities 2012: $218,441Net Assets 2012: $16,600,1502012Assets 2013: $17,725,481Liabilities 2013: $48,992Net Assets 2013: $17,676,4892013Assets 2014: $19,903,681Liabilities 2014: $65,260Net Assets 2014: $19,838,4212014Assets 2015: $20,676,999Liabilities 2015: $67,118Net Assets 2015: $20,609,8812015Assets 2016: $22,726,455Liabilities 2016: $52,599Net Assets 2016: $22,673,8562016Assets 2017: $25,341,368Liabilities 2017: $75,760Net Assets 2017: $25,265,6082017Assets 2019: $30,192,761Liabilities 2019: $55,447Net Assets 2019: $30,137,3142019Assets 2020: $29,987,823Liabilities 2020: $67,392Net Assets 2020: $29,920,4312020Assets 2021: $38,760,234Liabilities 2021: $43,256Net Assets 2021: $38,716,9782021Assets 2022: $41,155,383Liabilities 2022: $46,194Net Assets 2022: $41,109,1892022Assets 2025: $53,337,822Liabilities 2025: $45,965Net Assets 2025: $53,291,8572025

Highlighted filing

2020

Assets$29,987,823
Liabilities$67,392
Net Assets$29,920,431
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Expenses 2011: $2,188,8572011Expenses 2012: $2,297,0642012Expenses 2013: $2,182,8262013Revenue 2014: $3,941,102Expenses 2014: $2,230,880Net Income 2014: $1,710,2222014Revenue 2015: $3,075,164Expenses 2015: $2,440,750Net Income 2015: $634,4142015Revenue 2016: $5,422,678Expenses 2016: $2,477,941Net Income 2016: $2,944,7372016Revenue 2017: $4,374,007Expenses 2017: $2,486,679Net Income 2017: $1,887,3282017Revenue 2019: $4,783,667Expenses 2019: $2,514,518Net Income 2019: $2,269,1492019Revenue 2020: $3,716,008Expenses 2020: $2,404,114Net Income 2020: $1,311,8942020Revenue 2021: $4,899,555Expenses 2021: $2,038,622Net Income 2021: $2,860,9332021Revenue 2022: $7,754,148Expenses 2022: $2,492,349Net Income 2022: $5,261,7992022Revenue 2025: $10,492,987Expenses 2025: $3,502,798Net Income 2025: $6,990,1892025

Highlighted filing

2020

Revenue$3,716,008
Expenses$2,404,114
Net Income$1,311,894
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 2, 2020
Return Version
2019v5.0
Gross Receipts
$3,716,008
Mission and Program Overview

Mission

To foster, encourage, and promote the growth, progress, and general welfare of frostburg state university through advocacy, fundraising, investment management and stewardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,156,286$27,873,599▼ $282,687
Pledges and Grants Receivable$1,170,030$1,228,424▲ $58,394
Cash and Non-Interest-Bearing Accounts$362,376$377,423▲ $15,047
Other Notes and Loans Receivable, Net$76,793$73,199▼ $3,594
Land, Buildings, and Equipment, Net$33,023$33,000▼ $23
Prepaid Expenses and Deferred Charges$25,935$19,626▼ $6,309
Accounts Receivable$1,844$2,281▲ $437
Total Assets$30,192,761$29,987,823▼ $204,938
Other Assets Total$366,474$380,271▲ $13,797
Liabilities
Other Liabilities$22,921$23,823▲ $902
Accounts Payable and Accrued Expenses$30,708$22,249▼ $8,459
Unsecured Notes Loans Payable-$21,100-
Deferred Revenue$1,818$220▼ $1,598
Total Liabilities$55,447$67,392▲ $11,945
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,629,017$27,421,574▼ $207,443
Net Assets Without Donor Restrictions$2,508,297$2,498,857▼ $9,440
Total Net Assets Fund Balance$30,137,314$29,920,431▼ $216,883
Total Liabilities and Net Assets / Fund Balance$30,192,761$29,987,823▼ $204,938

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$33,000$1,586$34,586

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$26,821,358$870,752▲ $314,122$201,738$26,478,796
2018$24,141,113$2,215,606▲ $1,690,371$202,876$26,821,358
2017$21,581,775$648,050▲ $2,027,486$541,878$23,175,231
2016$21,556,218$622,493▲ $2,618,128$1,198,345$21,556,218
2015$18,561,268$2,871,818▼ $194,851$648,284$20,079,651
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Kenneth a Oldham JrPresident
Alfred E MartinBoard of Director
Brian a MattinglyBoard of Director
Donald WoodardBoard of Director
Elizabeth RhodesBoard of Director
Gregory GettyBoard of Director
Jason SweitzerBoard of Director
Jeffrey P FeganBoard of Director
Jessica L MasserBoard of Director
Joseph W LambertBoard of Director
Laron LockeBoard of Director
Mary C Biscoe-hallBoard of Director
Mary MumperBoard of Director
Maureen BrewerBoard of Director
Patrick FrielBoard of Director
Robyn Hager-sineBoard of Director
Ron ForresterBoard of Director
Stephen L BeauregardBoard of Director
Lawrence MckenzieBoard Treasu
Joseph P GeorgeAssistant Tr
Gladys W FahertyAt Large
Royal V HinesAt Large
Thomas N CreamerAt Large
John T Short JrExecutive Di
Mary E ClapsaddleImmeditate P
Marion S LeonardSecretary
Sandra D AdamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,668,651
Program Service Revenue
$128,125
Investment Income
$1,749,489
Other Revenue
$169,743
All Other Contributions
$1,668,651
Change in Net Assets
$1,311,894

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous12$87,928Fair Market Value
Other Non Cash Contri Table2$52,103Various
Other Non Cash Contri Table13$41,170Various
Other Non Cash Contri Table1$16,090Fair Market Value
Books and Publications-$1,000Various
Art Historical Treasures1$100Various
Total Noncash Contributions29$198,391-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,716,008
Revenue Not Reported on Form 990
$-1,528,777
Total Revenue per Audited Statements
$2,187,231
Total Revenue per Form 990
$3,716,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,787,460
Grants and Similar Amounts Paid$493,317
Salaries, Compensation, and Employee Benefits$123,337
Total Fundraising Expense$82,352
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$466,332--$466,332
All Other Expenses$349,412$62,010$16,186$427,608
Other Salaries and Wages-$114,127-$114,127
Other Expenses$53,002$20,539$2,133$75,674
Travel$49,761$6,153$3,308$59,222
Office Expenses$5,321$12,400$21,673$39,394
Foreign Grants$26,985--$26,985
Insurance$749$9,171-$9,920
Payroll Taxes-$9,210-$9,210
Advertising$1,245--$1,245
Depreciation Depletion-$23-$23
Total Functional Expenses$1,982,347$339,415$82,352$2,404,114

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,404,114
Total Expenses per Audited Statements$2,404,114
Total Expenses per Form 990$2,404,114
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Frostburg State UniversityFrostburg, MDGovEducational Assistan$355,869

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$59,075
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Liability$23,823
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“At its annual meeting, the board reviews and approves form 990 tax return before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Completed copy by each board member on file and will be reviewed and signed each year at october board meeting.”

Form 990, Page 6, Part VI, Line 15B

“Annual review and evaluation. Pay adjustments are in keeping with state of md. Per the approval of the executive committee.”

Form 990, Page 6, Part VI, Line 19

“Governing documents - available upon request conflict of interest statements - available upon request only financial statements - available upon request and copy on file in the fsu ort library form 990 - available upon request and copy on file in the fsu ort library”

Filing and Contact Details

Filer

Filer Name
Frostburg State University Foundat
EIN
23-7120883
Phone
3016874161
Address
101 BRADDOCK ROAD, FROSTBURG, MD 21532-2303

Signing Officer

Name
John T Short Jr
Title
Executive Director
Phone
3016874161
Signed
2020-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John T Short Jr
Formed
1971
Legal Domicile
Md
Voting Board Members
27
Independent Board Members
27
Employees
3
Volunteers
28

Preparer

Firm
Turnbull Hoover & Kahl Pa
Address
13179 GARRETT HIGHWAY, OAKLAND, MD 21550
Preparer
Bernard B Kahl CPA
Phone
3013342820
Supplemental Narrative

Additional Explanations

Form 990

“Part viii and part ix difference in-kind is shown on schedule i”

Form 990, Page 2, Part III, Line 4D

“Expenses including grants of revenue pass through accounts 458,042 21,344 37,000 pass-through - most of these provide immediate-impact scholarships for students. In addition, some provide a vehicle for life insurance premium payments, and to record expenditures that will be directly reimbursed by non-charitable income.”

Form 990, Part IX, Line 24E

“Rentals 74,541 363 0 equipment purchase 64,909 556 0 supplies 59,702 1,252 774 student aid/work study 46,838 1,118 3,582 service fees 28,373 2,496 14 bad debt pledges 12,396 16,159 0 grant expense 0 25,496 458 contributions 13,873 1,567 8,535 refunds 20,432 660 0 public relations & gifts 10,683 6,622 2,784 telephone & utilities 10,994 641 39 credit card fees 3,096 2,129 0 trophies/awards 3,306 642 0 state registrations 0 2,309 0 flowers 269 0 0 total 349,412 62,010 16,186”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from federal income taxes under section 501(c) (3) of the internal revenue code and did not conduct unrelated business activities. Therefore, the board has not made any provisions for federal income taxes in the accompanying financial statements. Additionally, the organization has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the internal revenue code. The organization follows the provisions of fasb asc 740-10-25 (formerly fasb interpretation no. 48, accounting for uncertainty in income taxes "fin 48" ). Under fin 48, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained. The implementation of fin 48 had no impact on the organization's financial statements. The organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax liabilities. For the years ended june 30, 2020 and 2019, there were no interest or penalties recorded or included in its financial statements. Management has reviewed the organization's tax positions for all open tax years (tax years after june 30, 2017) and has determined that no provision for income taxes is required in the organization's financial statements, in accordance with financial and accounting disclosure requirements for recognition and measurement of tax positions taken or expected to be taken on a u.s. Income tax return.”

Raw XML AppendixShowing 400 of 755 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt030708
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022249
IRS990/AccountsReceivableGrp/BOYAmt01844
IRS990/AccountsReceivableGrp/EOYAmt02281
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF FROSTBURG STATE UNIVERSITY THROUGH ADVOCACY, FUNDRAISING, INVESTMENT MANAGEMENT AND STEWARDSHIP.
IRS990/AdvertisingGrp/ProgramServicesAmt01245
IRS990/AdvertisingGrp/TotalAmt01245
IRS990/AllOtherContributionsAmt01668651
IRS990/AllOtherExpensesGrp/FundraisingAmt016186
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt062010
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0349412
IRS990/AllOtherExpensesGrp/TotalAmt0427608
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JANELLE MOFFETT
IRS990/BooksInCareOfDetail/PhoneNum03016874752
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 BRADDOCK RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0FROSTBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0215322303
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0362376
IRS990/CashNonInterestBearingGrp/EOYAmt0377423
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0true
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01668651
IRS990/CYGrantsAndSimilarPaidAmt0493317
IRS990/CYInvestmentIncomeAmt01749489
IRS990/CYOtherExpensesAmt01787460
IRS990/CYOtherRevenueAmt0169743
IRS990/CYProgramServiceRevenueAmt0128125
IRS990/CYRevenuesLessExpensesAmt01311894
IRS990/CYSalariesCompEmpBnftPaidAmt0123337
IRS990/CYTotalExpensesAmt02404114
IRS990/CYTotalFundraisingExpenseAmt082352
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03716008
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt01818
IRS990/DeferredRevenueGrp/EOYAmt0220
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt023
IRS990/DepreciationDepletionGrp/TotalAmt023
IRS990/Desc0ATHLETIC - THESE PROVIDE SUPPORT FOR THE UNIVERSITY ATHLETICS PROGRAM.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt027629017
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt027421574
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0314681
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt026985
IRS990/ForeignGrantsGrp/TotalAmt026985
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt172.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt182.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt192.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt202.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt212.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt232.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt242.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt252.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt262.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/PersonNm0SANDRA D ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN L BEAUREGARD
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY C BISCOE-HALL
IRS990/Form990PartVIISectionAGrp/PersonNm3MAUREEN BREWER
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY E CLAPSADDLE
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS N CREAMER
IRS990/Form990PartVIISectionAGrp/PersonNm6GLADYS W FAHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm7JEFFREY P FEGAN
IRS990/Form990PartVIISectionAGrp/PersonNm8RON FORRESTER
IRS990/Form990PartVIISectionAGrp/PersonNm9PATRICK FRIEL
IRS990/Form990PartVIISectionAGrp/PersonNm10JOSEPH P GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm11GREGORY GETTY
IRS990/Form990PartVIISectionAGrp/PersonNm12ROBYN HAGER-SINE
IRS990/Form990PartVIISectionAGrp/PersonNm13ROYAL V HINES
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN T SHORT JR
IRS990/Form990PartVIISectionAGrp/PersonNm15KENNETH A OLDHAM JR
IRS990/Form990PartVIISectionAGrp/PersonNm16MARION S LEONARD
IRS990/Form990PartVIISectionAGrp/PersonNm17JOSEPH W LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm18LARON LOCKE
IRS990/Form990PartVIISectionAGrp/PersonNm19ALFRED E MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm20JESSICA L MASSER
IRS990/Form990PartVIISectionAGrp/PersonNm21BRIAN A MATTINGLY
IRS990/Form990PartVIISectionAGrp/PersonNm22LAWRENCE MCKENZIE
IRS990/Form990PartVIISectionAGrp/PersonNm23MARY MUMPER
IRS990/Form990PartVIISectionAGrp/PersonNm24ELIZABETH RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm25JASON SWEITZER
IRS990/Form990PartVIISectionAGrp/PersonNm26DONALD WOODARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDITATE P
IRS990/Form990PartVIISectionAGrp/TitleTxt5AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT TR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD OF DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD OF DIR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingGrossIncomeAmt059075
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt0117996
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0466332
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0466332
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03716008
IRS990/GrossRentsGrp/RealAmt073080
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt027
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09171
IRS990/InsuranceGrp/ProgramServicesAmt0749
IRS990/InsuranceGrp/TotalAmt09920
IRS990/InvestmentIncomeGrp/ExclusionAmt01749489
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01749489
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt028156286
IRS990/InvestmentsPubTradedSecGrp/EOYAmt027873599
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01586
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033023
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033000
IRS990/LandBldgEquipCostOrOtherBssAmt034586
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF FROSTBURG STATE UNIVERSITY THROUGH ADVOCACY, FUNDRAISING, INVESTMENT MANAGEMENT AND STEWARDSHIP.
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt030137314
IRS990/NetAssetsOrFundBalancesEOYAmt029920431
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt059075
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt073080
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt073080
IRS990/NetUnrlzdGainsLossesInvstAmt0-1528777
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02508297
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02498857
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0198391
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt021673
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012400
IRS990/OfficeExpensesGrp/ProgramServicesAmt05321
IRS990/OfficeExpensesGrp/TotalAmt039394
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0366474
IRS990/OtherAssetsTotalGrp/EOYAmt0380271
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS
IRS990/OtherExpensesGrp/Desc1FOOD/EVENTS/PROGRAMS
IRS990/OtherExpensesGrp/Desc2CONTRACTUAL EXPENSES
IRS990/OtherExpensesGrp/Desc3MEMBERSHIPS
IRS990/OtherExpensesGrp/FundraisingAmt0452
IRS990/OtherExpensesGrp/FundraisingAmt138600
IRS990/OtherExpensesGrp/FundraisingAmt22133
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt168720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt236062
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt320539
IRS990/OtherExpensesGrp/ProgramServicesAmt0934891
IRS990/OtherExpensesGrp/ProgramServicesAmt163695
IRS990/OtherExpensesGrp/ProgramServicesAmt230954
IRS990/OtherExpensesGrp/ProgramServicesAmt353002
IRS990/OtherExpensesGrp/TotalAmt0935891
IRS990/OtherExpensesGrp/TotalAmt1132867
IRS990/OtherExpensesGrp/TotalAmt2105616
IRS990/OtherExpensesGrp/TotalAmt375674
IRS990/OtherLiabilitiesGrp/BOYAmt022921
IRS990/OtherLiabilitiesGrp/EOYAmt023823
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS
IRS990/OtherRevenueMiscGrp/ExclusionAmt037588
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt037588
IRS990/OtherRevenueTotalAmt037588
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0114127
IRS990/OtherSalariesAndWagesGrp/TotalAmt0114127
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt076793
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt073199
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09210
IRS990/PayrollTaxesGrp/TotalAmt09210
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01170030
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01228424
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025935
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019626
IRS990/PrincipalOfficerNm0JOHN T SHORT JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES/OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc1EVENT ADMISSIONS/REGISTRATION
IRS990/ProgramServiceRevenueGrp/ExclusionAmt080042
IRS990/ProgramServiceRevenueGrp/ExclusionAmt148083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt080042
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148083
IRS990/ProgSrvcAccomActy2Grp/Desc0ENDOWMENT - THESE PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS AND PROGRAM SUPPORT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0815057
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0121146
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0243
IRS990/ProgSrvcAccomActy3Grp/Desc0PROGRAM SUPPORT - THESE PROVIDE SUPPORT TO SCHOOLS, DEPARTMENTS, DIVISIONS, SPECIAL INTERESTS, AND OTHER PROJECTS APPROVED AND RECOGNIZED BY THE UNIVERSITY. THEY ALSO SUPPORT EMERGENCY STUDENT LOANS.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,987,823
Liabilities
$67,392
Net assets
$29,920,431
Revenue
$3,716,008
Expenses
$2,404,114
Net income
$1,311,894
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.3$0.05$53.3$10.5$3.50$6.99
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.2$0.05$41.1$7.75$2.49$5.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$0.04$38.7$4.90$2.04$2.86
2020Detailed filing. Detailed filing data is available for this year.$30.0$0.07$29.9$3.72$2.40$1.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.2$0.06$30.1$4.78$2.51$2.27
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$0.08$25.3$4.37$2.49$1.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$0.05$22.7$5.42$2.48$2.94
2015Detailed filing. Detailed filing data is available for this year.$20.7$0.07$20.6$3.08$2.44$0.63
2014Detailed filing. Detailed filing data is available for this year.$19.9$0.07$19.8$3.94$2.23$1.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$0.05$17.7$2.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$0.22$16.6$2.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$0.19$16.8$2.19