Civic Intelligence

Baltimore City Foundation Inc

990 • Fiscal year 2016 • EIN 52-1212473

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 21, 2016

10 N Calvert StreetBaltimore, MD 21202

(410) 396-1395

Siviq Scores

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

Liabilities / Assets

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.10x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

21st percentile

$20,000

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

43rd percentile

0.1%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

69%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,463,469

Up $9,256 (+0.1%) from 2015

Net Assets

Up

$6,965,398

Up $582,680 (+9.1%) from 2015

Liabilities

Down

$498,071

Down $573,424 (-54%) from 2015

Revenue

Up

$4,864,405

Up $1,984,139 (+69%) from 2015

Expenses

Up

$4,281,725

Up $505,278 (+13%) from 2015

Net Income

Up

$582,680

Up $1,478,861 (+165%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $9,351,607Liabilities 2011: $987,968Net Assets 2011: $8,363,6392011Assets 2012: $8,453,901Liabilities 2012: $413,294Net Assets 2012: $8,040,6072012Assets 2013: $8,172,568Liabilities 2013: $460,491Net Assets 2013: $7,712,0772013Assets 2014: $7,828,500Liabilities 2014: $549,601Net Assets 2014: $7,278,8992014Assets 2015: $7,454,213Liabilities 2015: $1,071,495Net Assets 2015: $6,382,7182015Assets 2016: $7,463,469Liabilities 2016: $498,071Net Assets 2016: $6,965,3982016Assets 2017: $7,860,392Liabilities 2017: $251,253Net Assets 2017: $7,609,1392017Assets 2018: $8,753,175Liabilities 2018: $1,055,620Net Assets 2018: $7,697,5552018Assets 2019: $9,110,888Liabilities 2019: $1,482,094Net Assets 2019: $7,628,7942019Assets 2020: $9,489,526Liabilities 2020: $1,232,219Net Assets 2020: $8,257,3072020Assets 2021: $20,625,141Liabilities 2021: $126,778Net Assets 2021: $20,498,3632021Assets 2022: $21,761,991Liabilities 2022: $11,473,969Net Assets 2022: $10,288,0222022Assets 2023: $19,294,079Liabilities 2023: $10,271,717Net Assets 2023: $9,022,3622023Assets 2024: $25,358,903Liabilities 2024: $11,520,423Net Assets 2024: $13,838,4802024

Highlighted filing

2016

Assets$7,463,469
Liabilities$498,071
Net Assets$6,965,398

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $3,884,3842011Expenses 2012: $3,422,7522012Revenue 2013: $2,841,226Expenses 2013: $3,169,756Net Income 2013: -$328,5302013Revenue 2014: $3,559,808Expenses 2014: $3,992,986Net Income 2014: -$433,1782014Revenue 2015: $2,880,266Expenses 2015: $3,776,447Net Income 2015: -$896,1812015Revenue 2016: $4,864,405Expenses 2016: $4,281,725Net Income 2016: $582,6802016Revenue 2017: $6,383,089Expenses 2017: $5,739,348Net Income 2017: $643,7412017Revenue 2018: $6,100,800Expenses 2018: $6,012,384Net Income 2018: $88,4162018Revenue 2019: $5,166,457Expenses 2019: $5,235,218Net Income 2019: -$68,7612019Revenue 2020: $7,716,730Expenses 2020: $7,088,217Net Income 2020: $628,5132020Revenue 2021: $25,532,138Expenses 2021: $13,291,082Net Income 2021: $12,241,0562021Revenue 2022: $20,554,138Expenses 2022: $28,023,857Net Income 2022: -$7,469,7192022Revenue 2023: $19,730,196Expenses 2023: $19,996,210Net Income 2023: -$266,0142023Revenue 2024: $24,212,553Expenses 2024: $20,763,323Net Income 2024: $3,449,2302024

Highlighted filing

2016

Revenue$4,864,405
Expenses$4,281,725
Net Income$582,680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 21, 2016
Return Version
2015v2.1
Gross Receipts
$4,864,405
Mission and Program Overview

Mission

Local area community welfare

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,969,867$6,148,680▼ $821,187
Savings and Temporary Cash Investments$334,813$840,482▲ $505,669
Prepaid Expenses and Deferred Charges$2,946$378,711▲ $375,765
Accounts Receivable$109,823$60,000▼ $49,823
Total Assets$7,454,213$7,463,469▲ $9,256
Other Assets Total$36,764$35,596▼ $1,168
Liabilities
Deferred Revenue$13,333$372,150▲ $358,817
Accounts Payable and Accrued Expenses$1,032,042$125,921▼ $906,121
Escrow Account Liability$26,120--
Total Liabilities$1,071,495$498,071▼ $573,424
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,437,520$4,356,871▲ $919,351
Unrestricted Net Assets$2,945,198$2,608,527▼ $336,671
Total Net Assets Fund Balance$6,382,718$6,965,398▲ $582,680
Total Liabilities and Net Assets / Fund Balance$7,454,213$7,463,469▲ $9,256
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lenwood IveyPresident/ChairPT$20,000$20,000

Board Members and Trustees

NameTitle
James Piper IiiVice Chair
Ellen H YankellowBoard Member
Henry RaymondBoard Member
Jason Perkins-cohenBoard Member
Mayor Stephanie Rawlings-blakeBoard Member
Karen SitnickSecretary
Frank BossleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,749,398
Program Service Revenue
$0
Investment Income
$115,007
Other Revenue
$0
All Other Contributions
$4,749,398
Change in Net Assets
$582,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,261,725
Salaries, Compensation, and Employee Benefits$20,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$639,137$2,474$0$641,611
All Other Expenses$177,389$16,609$0$193,998
Conferences and Meetings$95,142$0$0$95,142
Travel$91,833$0$0$91,833
Fees for Service Investment Mgmnt Fees$0$49,968$0$49,968
Current Officers, Directors, Trustees, and Key Employees$0$20,000$0$20,000
Fees for Services Accounting$0$18,050$0$18,050
Other Expenses$0$2,940$0$2,940
Total Functional Expenses$3,828,405$453,320$0$4,281,725
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Baltimore City Foundation Inc
EIN
52-1212473
Phone
4103961395
Address
10 N CALVERT STREET, BALTIMORE, MD 21202

Signing Officer

Name
Lenwood Ivey
Title
President
Phone
4103961395
Signed
2016-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lenwood Ivey
Formed
1981
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
King King & Associates Pa
Address
124 SLADE AVENUE SUITE 100, BALTIMORE, MD 21208-4900
Preparer
Kara King Bess CPA
Phone
4104864500
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Foundation has a finance committee of the Board.

Pt VI, Line 11B

A copy of the Form 990 is presented to the finance committee prior to filing.

Form 990EZ, Part II, Line 24

Investments

Form 990EZ, Part II, Line 26

Accounts Payable & Accrued Expenses

Form 990, Part III, Line 4D

Various projects and programs that improve the 325955. 0. 267649.

Form 990, Part IX, Line 24E

Printing & Publications 49763. 33636. 16127. 0.

Form 990, Part IX, Line 24E

Materials & Supplies 95613. 95131. 482. 0.

Form 990, Part IX, Line 24E

Equipment Rental 11331. 11331. 0. 0.

Form 990, Part IX, Line 24E

Furniture & Equipment 37291. 37291. 0. 0.

Financial Statement Notes

Pt IV, Line 1B

Foundation is acting as temporary fund custodian

Pt IV, Line 2B

Foundation is acting as temporary fund custodian

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04749398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02758643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02969711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02354551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02754014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015586317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0115007
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0121623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0590097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0486675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0345706
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01659108
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.90380
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.85980
IRS990ScheduleA/PublicSupportTotal170Amt015586317
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04749398
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02758643
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02969711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02354551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02754014
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015586317
IRS990ScheduleA/TotalSupportAmt017245425
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/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BeginningBalanceAmt026120
IRS990ScheduleD/DistributionsDuringYearAmt026120
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Foundation is acting as temporary fund custodian
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Foundation is acting as temporary fund custodian
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 1b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt IV, Line 2b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation has a finance committee of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the Form 990 is presented to the finance committee prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Payable & Accrued Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Various projects and programs that improve the 325955. 0. 267649.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Printing & Publications 49763. 33636. 16127. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Materials & Supplies 95613. 95131. 482. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Equipment Rental 11331. 11331. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Furniture & Equipment 37291. 37291. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03437520
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04356871
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07454213
IRS990/TotalAssetsEOYAmt07463469
IRS990/TotalAssetsGrp/BOYAmt07454213
IRS990/TotalAssetsGrp/EOYAmt07463469
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04749398
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0453320
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03828405
IRS990/TotalFunctionalExpensesGrp/TotalAmt04281725
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01071495
IRS990/TotalLiabilitiesEOYAmt0498071
IRS990/TotalLiabilitiesGrp/BOYAmt01071495
IRS990/TotalLiabilitiesGrp/EOYAmt0498071
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06382718
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06965398
IRS990/TotalOtherProgSrvcExpenseAmt0325955
IRS990/TotalOtherProgSrvcRevenueAmt0267649
IRS990/TotalProgramServiceExpensesAmt03828405
IRS990/TotalReportableCompFromOrgAmt020000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04864405
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07454213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07463469
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt091833
IRS990/TravelGrp/TotalAmt091833
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02945198
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02608527
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 N Calvert St 915
IRS990/USAddress/CityNm0Baltimore
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021202
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LENWOOD IVEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04103961395
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BALTIMORE CITY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BALT
ReturnHeader/Filer/EIN0521212473
ReturnHeader/Filer/PhoneNum04103961395
ReturnHeader/Filer/USAddress/AddressLine1Txt010 N CALVERT STREET
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021202
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KING KING & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0124 SLADE AVENUE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALTIMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0212084900
ReturnHeader/PreparerPersonGrp/PhoneNum04104864500
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARA KING BESS CPA
ReturnHeader/ReturnTs02016-11-07T07:12:17-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.4$11.5$13.8$24.2$20.8$3.45
2023Detailed filing. Detailed filing data is available for this year.$19.3$10.3$9.02$19.7$20.0$0.27
2022Detailed filing. Detailed filing data is available for this year.$21.8$11.5$10.3$20.6$28.0$7.47
2021Detailed filing. Detailed filing data is available for this year.$20.6$0.13$20.5$25.5$13.3$12.2
2020Summary only. Only limited summary data is available for this year.$9.49$1.23$8.26$7.72$7.09$0.63
2019Detailed filing. Detailed filing data is available for this year.$9.11$1.48$7.63$5.17$5.24$0.07
2018Detailed filing. Detailed filing data is available for this year.$8.75$1.06$7.70$6.10$6.01$0.09
2017Detailed filing. Detailed filing data is available for this year.$7.86$0.25$7.61$6.38$5.74$0.64
2016Detailed filing. Detailed filing data is available for this year.$7.46$0.50$6.97$4.86$4.28$0.58
2015Detailed filing. Detailed filing data is available for this year.$7.45$1.07$6.38$2.88$3.78$0.90
2014Detailed filing. Detailed filing data is available for this year.$7.83$0.55$7.28$3.56$3.99$0.43
2013Summary only. Only limited summary data is available for this year.$8.17$0.46$7.71$2.84$3.17$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.45$0.41$8.04$3.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$0.99$8.36$3.88