Civic Intelligence

Frederick County Landmarks Foundation Inc.

990 • Fiscal year 2022 • EIN 23-7241926

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 20, 2023

Refreshing map…

1110 Rosemont AvenueFrederick, MD 21701

(301) 663-3885

Siviq Scores

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

Liabilities / Assets

59th percentile

0.05x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.17x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

74th percentile

20%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

141%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$631,762

Up $103,204 (+20%) from 2021

Net Assets

Up

$602,243

Up $98,232 (+19%) from 2021

Liabilities

Up

$29,519

Up $4,972 (+20%) from 2021

Revenue

Up

$169,245

Up $99,010 (+141%) from 2021

Expenses

Up

$57,758

Up $16,067 (+39%) from 2021

Net Income

Up

$111,487

Up $82,943 (+291%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $408,501Liabilities 2013: $11,907Net Assets 2013: $396,5942013Assets 2014: $418,349Liabilities 2014: $16,981Net Assets 2014: $401,3682014Assets 2015: $404,416Liabilities 2015: $13,392Net Assets 2015: $391,0242015Assets 2016: $427,698Liabilities 2016: $13,413Net Assets 2016: $414,2852016Assets 2017: $417,396Liabilities 2017: $21,710Net Assets 2017: $395,6862017Assets 2018: $442,975Liabilities 2018: $28,612Net Assets 2018: $414,3632018Assets 2019: $477,587Liabilities 2019: $23,444Net Assets 2019: $454,1432019Assets 2020: $498,049Liabilities 2020: $22,583Net Assets 2020: $475,4662020Assets 2021: $528,558Liabilities 2021: $24,547Net Assets 2021: $504,0112021Assets 2022: $631,762Liabilities 2022: $29,519Net Assets 2022: $602,2432022Assets 2023: $685,677Liabilities 2023: $27,532Net Assets 2023: $658,1452023Assets 2024: $737,976Liabilities 2024: $24,836Net Assets 2024: $713,1402024

Highlighted filing

2022

Assets$631,762
Liabilities$29,519
Net Assets$602,243

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $41,596Expenses 2013: $45,013Net Income 2013: -$3,4172013Revenue 2014: $59,914Expenses 2014: $55,140Net Income 2014: $4,7742014Revenue 2015: $39,399Expenses 2015: $27,420Net Income 2015: $11,9792015Revenue 2016: $89,976Expenses 2016: $66,715Net Income 2016: $23,2612016Revenue 2017: $61,969Expenses 2017: $80,568Net Income 2017: -$18,5992017Revenue 2018: $66,147Expenses 2018: $48,974Net Income 2018: $17,1732018Revenue 2019: $118,399Expenses 2019: $83,719Net Income 2019: $34,6802019Revenue 2020: $72,660Expenses 2020: $51,337Net Income 2020: $21,3232020Revenue 2021: $70,235Expenses 2021: $41,691Net Income 2021: $28,5442021Revenue 2022: $169,245Expenses 2022: $57,758Net Income 2022: $111,4872022Revenue 2023: $130,363Expenses 2023: $79,072Net Income 2023: $51,2912023Revenue 2024: $111,697Expenses 2024: $56,989Net Income 2024: $54,7082024

Highlighted filing

2022

Revenue$169,245
Expenses$57,758
Net Income$111,487
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 20, 2023
Return Version
2022v5.0
Gross Receipts
$218,450
Mission and Program Overview

Mission

Preservation of historic properties

Promote the preservation of historic sites, structures, natural landmarks, and communities of Frederick County MD, and strive to increase knowledge and appreciation of them. Share the knowledge of historical places in Frederick.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$278,115$336,057▲ $57,942
Cash and Non-Interest-Bearing Accounts$180,580$236,762▲ $56,182
Investments Program Related$64,942$51,482▼ $13,460
Inventories for Sale or Use$4,921$7,461▲ $2,540
Total Assets$528,558$631,762▲ $103,204
Liabilities
Accounts Payable and Accrued Expenses$24,547$29,519▲ $4,972
Total Liabilities$24,547$29,519▲ $4,972
Net Assets / Fund Balance
Net Assets With Donor Restrictions$429,715$527,947▲ $98,232
Net Assets Without Donor Restrictions$74,296$74,296→ $0
Total Net Assets Fund Balance$504,011$602,243▲ $98,232
Total Liabilities and Net Assets / Fund Balance$528,558$631,762▲ $103,204

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$51,482--
Buildings$336,057--
Equipment$0$8,107-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Virginia RussellPresident
Mary MannixVice-President
Anthony Moscato JrDirector
Joan DeaconDirector
Matt BoninDirector
Scott WinnetteDirector
Walter OlsonDirector
William EylerDirector
Jonathan BurnsSecretary
Allison DuvallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,624
Program Service Revenue
$5,334
Investment Income
$2,496
Other Revenue
$42,791
All Other Contributions
$58,546
Change in Net Assets
$111,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$23,024$0$0$23,024
Fees for Services Accounting$0$10,044$0$10,044
Fees for Services Management$0$10,000$0$10,000
All Other Expenses$978$3,172$0$4,150
Information Technology$0$4,076$0$4,076
Advertising$0$3,113$0$3,113
Insurance$0$1,389$0$1,389
Office Expenses$0$348$0$348
Other Expenses$107$0$0$107
Total Functional Expenses$24,245$33,513$0$57,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,890
Fundraising Direct Expenses$48,938
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Oktoberfest$67,150$67,150$21,546$45,604
Barn Stormers$15,740$15,740$3,854$11,886
Total Events$82,890$82,890$48,938$33,952
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Frederick County Landmarks Foundation Inc
EIN
23-7241926
Phone
3016633885
Address
1110 Rosemont Avenue, Frederick, MD 21701

Signing Officer

Name
Virginia M Russell
Title
President
Phone
3016633885
Signed
2023-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia M Russell
Formed
1972
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
100

Preparer

Firm
Summers & Summers CPAs LLC
Address
700 Wyngate Dr, Frederick, MD 21701
Preparer
James D Summers CPA
Phone
2404461526
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

The organization has a process for evaluating their employees. During 2022 the organization did not have any employees, including a CEO or paid director.

Pt VI, Line 15B

The organization does not compensate its elected officers and and directors.

Pt VI, Line 11B

The Form 990 is reviewed by all officers and directors.

Pt VI, Line 12C

All board members are required to disclose conflicts of interest prior to voting on any matter.

Other

The organization does not currently have any employees, so a whistle blower policy is currently not applicable. Upon hiring employees, the organization intends to adopt a formal policy.

Other

The organization follows an unwritten document retention and destruction policy. The organization keeps and destroys records in accordance with established guidelines.

Pt VI, Line 19

The organization makes its governing documents, conflict of interest policy and Form 990 available to the public upon request.

Pt VI, Line 6

The organization is a membership organization.

Pt VI, Line 7A

The organization's members elect the officers and directors at the annual meeting.

Pt VI, Line 7B

Governance decisions are made by the governing body and the membership of the organization.

Financial Statement Notes

Pt III, Line 4

Historic Structures: Schifferstadt Museum; Beatty-Cramer House; and, Zion Church.

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IRS990/MissionDesc0Frederick County Landmarks Foundation Inc (FCLF), a non-profit organization, promotes the preservation of historic sites, structures, natural landmarks, and communities of Frederick County, MD, and strives to increase knowledge and appreciation of them. To further its education mission, FCLF not only holds special events that provide the public with a window to Frederick's historic past, but also shares the knowledge of other historical places in Frederick.
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0111487
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt08605
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0118624
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt046714
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt059207
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt070899
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027107
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08562
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02417
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt08605
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05514
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt078018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt084178
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.04210
IRS990ScheduleA/InvestmentIncomePYPct00.04480
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0148917
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0111285
IRS990ScheduleA/Total509Grp/TotalAmt0514405
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0537008
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0336057
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt08107
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt08107
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt051482
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Funds held by Community Foundation of Frederick Co
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Historic Structures: Schifferstadt Museum; Beatty-Cramer House; and, Zion Church.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 4
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IRS990ScheduleD/TotalBookValueProgramRltdAmt051482
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01675
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Barn Stormers
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Oktoberfest
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03854
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt021546
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt07159
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has a process for evaluating their employees. During 2022 the organization did not have any employees, including a CEO or paid director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization does not compensate its elected officers and and directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by all officers and directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All board members are required to disclose conflicts of interest prior to voting on any matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization does not currently have any employees, so a whistle blower policy is currently not applicable. Upon hiring employees, the organization intends to adopt a formal policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization follows an unwritten document retention and destruction policy. The organization keeps and destroys records in accordance with established guidelines.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes its governing documents, conflict of interest policy and Form 990 available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The organization is a membership organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The organization's members elect the officers and directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Governance decisions are made by the governing body and the membership of the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 6

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