Civic Intelligence

Keswick Foundation Inc.

990 • Fiscal year 2016 • EIN 52-1066144

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

700 W 40th StreetBaltimore, MD 21211

(410) 662-4201

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

3rd percentile

0.00x

Higher debt load relative to revenue than 3% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

10th percentile

-21%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

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

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

13th percentile

-6.0%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-50%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Down

$179,777,902

Down $11,483,886 (-6.0%) from 2015

Net Assets

Down

$179,754,714

Down $11,441,654 (-6.0%) from 2015

Liabilities

Down

$23,188

Down $42,232 (-65%) from 2015

Revenue

Down

$5,652,686

Down $5,548,214 (-50%) from 2015

Expenses

Down

$6,822,366

Down $811,049 (-11%) from 2015

Net Income

Down

-$1,169,680

Down $4,737,165 (-133%) from 2015

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $157,099,976Liabilities 2011: $0Net Assets 2011: $157,099,9762011Assets 2012: $152,389,510Liabilities 2012: $260,659Net Assets 2012: $152,128,8512012Assets 2013: $170,821,203Liabilities 2013: $402,503Net Assets 2013: $170,418,7002013Assets 2014: $192,193,573Liabilities 2014: $78,426Net Assets 2014: $192,115,1472014Assets 2015: $191,261,788Liabilities 2015: $65,420Net Assets 2015: $191,196,3682015Assets 2016: $179,777,902Liabilities 2016: $23,188Net Assets 2016: $179,754,7142016Assets 2017: $199,531,135Liabilities 2017: $46,705Net Assets 2017: $199,484,4302017Assets 2018: $210,732,286Liabilities 2018: $70,376Net Assets 2018: $210,661,9102018Assets 2019: $214,797,441Liabilities 2019: $90,541Net Assets 2019: $214,706,9002019Assets 2020: $211,590,751Liabilities 2020: $397,933Net Assets 2020: $211,192,8182020Assets 2021: $262,433,738Liabilities 2021: $481,858Net Assets 2021: $261,951,8802021Assets 2022: $226,478,767Liabilities 2022: $471,348Net Assets 2022: $226,007,4192022Assets 2023: $234,575,747Liabilities 2023: $1,557,618Net Assets 2023: $233,018,1292023Assets 2024: $248,026,228Liabilities 2024: $1,202,734Net Assets 2024: $246,823,4942024

Highlighted filing

2016

Assets$179,777,902
Liabilities$23,188
Net Assets$179,754,714

Operations Trend

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

$40M$20M$0-$20MExpenses 2011: $3,174,2532011Expenses 2012: $5,468,0882012Expenses 2013: $4,734,1112013Revenue 2014: $12,987,703Expenses 2014: $5,926,461Net Income 2014: $7,061,2422014Revenue 2015: $11,200,900Expenses 2015: $7,633,415Net Income 2015: $3,567,4852015Revenue 2016: $5,652,686Expenses 2016: $6,822,366Net Income 2016: -$1,169,6802016Revenue 2017: $7,623,671Expenses 2017: $6,485,517Net Income 2017: $1,138,1542017Revenue 2018: $12,821,180Expenses 2018: $7,360,724Net Income 2018: $5,460,4562018Revenue 2019: $9,810,847Expenses 2019: $11,473,891Net Income 2019: -$1,663,0442019Revenue 2020: $5,072,439Expenses 2020: $7,786,854Net Income 2020: -$2,714,4152020Revenue 2021: $14,752,086Expenses 2021: $10,383,023Net Income 2021: $4,369,0632021Revenue 2022: $18,723,887Expenses 2022: $14,878,636Net Income 2022: $3,845,2512022Revenue 2023: $8,660,100Expenses 2023: $13,261,911Net Income 2023: -$4,601,8112023Revenue 2024: $38,757,828Expenses 2024: $17,378,908Net Income 2024: $21,378,9202024

Highlighted filing

2016

Revenue$5,652,686
Expenses$6,822,366
Net Income-$1,169,680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$65,898,305
Mission and Program Overview

Mission

To provide financial support for keswick multi-care center and keswick community health for activities and programs that benefit keswick multi-care center, inc. And keswick coummunity health, by receiving, investing and administering endowment funds and other assets.

Provides financial support to keswick multi-care center, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$139,441,607$124,519,948▼ $14,921,659
Investments Other Securities$32,356,916$36,012,088▲ $3,655,172
Savings and Temporary Cash Investments$16,849,029$16,633,168▼ $215,861
Other Notes and Loans Receivable, Net$2,389,516$2,389,516→ $0
Accounts Receivable$224,720$223,182▼ $1,538
Total Assets$191,261,788$179,777,902▼ $11,483,886
Liabilities
Other Liabilities$41,420$0▼ $41,420
Accounts Payable and Accrued Expenses$24,000$23,188▼ $812
Total Liabilities$65,420$23,188▼ $42,232
Net Assets / Fund Balance
Unrestricted Net Assets$157,749,228$148,288,493▼ $9,460,735
Permanently Rstr Net Assets$15,952,015$15,952,015→ $0
Temporarily Rstr Net Assets$17,495,125$15,514,206▼ $1,980,919
Total Net Assets Fund Balance$191,196,368$179,754,714▼ $11,441,654
Total Liabilities and Net Assets / Fund Balance$191,261,788$179,777,902▼ $11,483,886

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$13,648,569--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$30,146,103-▼ $905,646$-905,168$28,335,289
2014$30,652,868-▲ $877,624$-1,384,389$30,146,103
2013$26,635,825-▲ $4,017,635$-592$30,652,868
2012$23,753,493-▲ $3,532,440$-650,108$26,635,825
2011$24,622,694-▲ $30,799$-900,000$23,753,493
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Brown AdvisoryInvestment Advisors901 SOUTH BOND STREET SUITE 400, Baltimore, MD 21231$165,910
Eagle Capital ManagementInvestment Advisors499 PARK AVENUE, New York, NY 10022$152,438
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$5,647,686
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-1,169,680

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,720,213
Revenue Not Reported on Financial Statements
$932,473
Revenue Not Reported on Form 990
$-10,271,974
Total Revenue per Audited Statements
$-5,551,761
Total Revenue per Form 990
$5,652,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,771,710
Other Expenses$1,050,656
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,771,710--$5,771,710
Fees for Service Investment Mgmnt Fees-$932,473-$932,473
Fees for Services Legal-$5,697-$5,697
Conferences and Meetings-$5,618-$5,618
Fees for Services Accounting-$4,600-$4,600
Other Expenses$2,400$35,000-$2,400
Total Functional Expenses$5,838,978$983,388$0$6,822,366

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,822,366
Expenses per Audited Statements$5,889,893
Total Expenses per Audited Statements$5,889,893
Expenses Not Reported on Financial Statements$932,473
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Keswick Multi-care Center IncBaltimore, MD170(b)1(a)iiiProgram and Operating Support$5,771,710
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMaryland Health & Higher2007-08-09$11,520,000To refinance costs of acquisition

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Line 11a explanation - the form 990 is reviewed by the organization's board of directors before filing.

Form 990, Part VI, Section B, Line 12C

Each year all board members and officers must sign off that they received, read, understand and will comply with the conflict of interest policy. If an issue arises it is presented at a governing board or committee meeting and a decision is made.

Form 990, Part VI, Section C, Line 19

The foundation's governing documents, conflict of interest policy and financial statements are made available for review by the public upon receipt of a written request.

Filing and Contact Details

Filer

Filer Name
Keswick Foundation Inc
EIN
52-1066144
Phone
4106624201
Address
700 W 40TH STREET, BALTIMORE, MD 21211

Signing Officer

Name
F Barton Harvey Iii
Title
Treasurer/secretary
Phone
4106624201
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
F Barton Harvey Iii
Formed
1976
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Gross Mendelsohn & Associates Pa
Address
36 SOUTH CHARLES ST 18TH FLOOR, BALTIMORE, MD 21201
Preparer
James E Crisp
Phone
4106855512
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There is no change in the audit committee process from the prior year.

Financial Statement Notes

PART V, LINE 4:

Income, realized and unrealized gains available for such purposes of keswick multi-care center as its governing board shall determine from time to time. -- ($14,889,950) income, realized and unrealized gains to be expended under the discretion of its board of directors to meet the needs of residents or patients at keswick multi-care center who may not be eligible for welfare benefits or allowances from the department of social services.-- ($960,360) income to be distributed as an annual employee award. Principal to be left unexpended. -- ($5,000) benevolent fund - income to be expended annually for the care of residents at keswick multi-care center that cannot afford the cost of care and who do not qualify for state assistance. -- ($96,705)

PART X, LINE 2:

The organization had no liability for uncertain tax positions. The organization's federal and state tax returns are subject to examination by the irs and state tax authorities, generally for a period of three years after the returns are filed.

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IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT FOR KESWICK MULTI-CARE CENTER, INC., AND FOR ACTIVITIES AND PROGRAMS THAT BENEFIT KESWICK MULTI-CARE CENTER, INC., BY RECEIVING, INVESTING AND ADMINISTERING ENDOWMENT FUNDS AND OTHER ASSETS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0191196368
IRS990/NetAssetsOrFundBalancesEOYAmt0179754714
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02359867
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02359867
IRS990/NetUnrelatedBusTxblIncmAmt0-382496
IRS990/NetUnrlzdGainsLossesInvstAmt0-10271974
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INTERNSHIP PROGRAM
IRS990/OtherExpensesGrp/Desc1UBIT TAX
IRS990/OtherExpensesGrp/Desc2ANNUITY PAYMENTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt035000
IRS990/OtherExpensesGrp/ProgramServicesAmt064868
IRS990/OtherExpensesGrp/ProgramServicesAmt12400
IRS990/OtherExpensesGrp/TotalAmt064868
IRS990/OtherExpensesGrp/TotalAmt135000
IRS990/OtherExpensesGrp/TotalAmt22400
IRS990/OtherLiabilitiesGrp/BOYAmt041420
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02389516
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02389516
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt015952015
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt015952015
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0F BARTON HARVEY III
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06672627
IRS990/PYInvestmentIncomeAmt011200900
IRS990/PYOtherExpensesAmt0960788
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03567485
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt07633415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011200900
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1169680
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016849029
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016633168
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0520591485
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05771710
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KESWICK MULTI-CARE CENTER
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt05771710
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt030146103
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt028335289
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-905646
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-905168
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt030652868
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt030146103
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0877624
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-1384389
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt026635825
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt030652868
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04017635
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-592
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt023753493
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt026635825
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03532440
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0-650108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt024622694
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt023753493
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt030799
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0-900000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0932473
IRS990ScheduleD/ExpensesSubtotalAmt05889893
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0932473
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0932473
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-10271974
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01968467
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt120395052
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt213648569
IRS990ScheduleD/OtherSecuritiesGrp/Desc0REAL ESTATE PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PRIVATE EQUITY INVESTMENT PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2HEDGE FUND PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.56000
IRS990ScheduleD/RevenueNotReportedAmt0-10271974
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0932473
IRS990ScheduleD/RevenueSubtotalAmt04720213
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME, REALIZED AND UNREALIZED GAINS AVAILABLE FOR SUCH PURPOSES OF KESWICK MULTI-CARE CENTER AS ITS GOVERNING BOARD SHALL DETERMINE FROM TIME TO TIME. -- ($14,889,950) INCOME, REALIZED AND UNREALIZED GAINS TO BE EXPENDED UNDER THE DISCRETION OF ITS BOARD OF DIRECTORS TO MEET THE NEEDS OF RESIDENTS OR PATIENTS AT KESWICK MULTI-CARE CENTER WHO MAY NOT BE ELIGIBLE FOR WELFARE BENEFITS OR ALLOWANCES FROM THE DEPARTMENT OF SOCIAL SERVICES.-- ($960,360) INCOME TO BE DISTRIBUTED AS AN ANNUAL EMPLOYEE AWARD. PRINCIPAL TO BE LEFT UNEXPENDED. -- ($5,000) BENEVOLENT FUND - INCOME TO BE EXPENDED ANNUALLY FOR THE CARE OF RESIDENTS AT KESWICK MULTI-CARE CENTER THAT CANNOT AFFORD THE COST OF CARE AND WHO DO NOT QUALIFY FOR STATE ASSISTANCE. -- ($96,705)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAD NO LIABILITY FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.44000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt036012088
IRS990ScheduleD/TotalExpensesPerForm990Amt06822366
IRS990ScheduleD/TotalRevenuePerForm990Amt05652686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-5551761
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05889893
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05771710
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)1(A)III
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM AND OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KESWICK MULTI-CARE CENTER INC
IRS990ScheduleI/RecipientTable/RecipientEIN0520591485
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0700 W 40TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BALTIMORE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021211
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE FOUNDATION RECEIVES INFORMATION FROM THE MANAGEMENT OF KESWICK MULTI-CARE ON THE USE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0KESWICK FOUNDATION HAS BEEN NAMED AS A CO-BORROWER ON THE BOND DOCUMENTS, ALONG WITH KESWICK MULTI-CARE CENTER, INC. (EIN:52-0591485), A RELATED PARTY. THE FULL PROCEEDS OF THE BOND WERE ISSUED TO KESWICK MULTI-CARE CENTER, INC. AND THIS DEBT OBLIGATION IS REFLECTED ON THE FORM 990 OF KESWICK MULTI-CARE CENTER, INC. EVEN THOUGH KESWICK FOUNDATION HAS BEEN NAMED ON THE BOND DOCUMENTS, IT RECEIVED NO PROCEEDS AND THEREFORE DOES NOT REFLECT THIS DEBT OBLIGATION ON ITS BALANCE SHEET.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART I
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-08-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0520936091
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0574217G41
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt011520000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MARYLAND HEALTH & HIGHER
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO REFINANCE COSTS OF ACQUISITION
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$248$1.20$247$38.8$17.4$21.4
2023Detailed filing. Detailed filing data is available for this year.$235$1.56$233$8.66$13.3$4.60
2022Detailed filing. Detailed filing data is available for this year.$226$0.47$226$18.7$14.9$3.85
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$262$0.48$262$14.8$10.4$4.37
2020Detailed filing. Detailed filing data is available for this year.$212$0.40$211$5.07$7.79$2.71
2019Detailed filing. Detailed filing data is available for this year.$215$0.09$215$9.81$11.5$1.66
2018Detailed filing. Detailed filing data is available for this year.$211$0.07$211$12.8$7.36$5.46
2017Detailed filing. Detailed filing data is available for this year.$200$0.05$199$7.62$6.49$1.14
2016Detailed filing. Detailed filing data is available for this year.$180$0.02$180$5.65$6.82$1.17
2015Detailed filing. Detailed filing data is available for this year.$191$0.07$191$11.2$7.63$3.57
2014Detailed filing. Detailed filing data is available for this year.$192$0.08$192$13.0$5.93$7.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$171$0.40$170$4.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$152$0.26$152$5.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$0.00$157$3.17