Civic Intelligence

The Harford Community College Foundation Inc

EIN 52-1635738 • 501(c)3 • Bel Air, MD

Profile

The harford community college foundation, inc. Exists for the sole purpose of assisting harford community college in performing its mission. The foundation receives and administers private gifts, bequests and donations to benefit harford community college students and to enhance the quality of teaching and learning at the college. Gifts to the foundation support programs and activities not funded through traditional sources.

Refreshing map…

401 Thomas Run RoadBel Air, MD 21015

www.harford.edu/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.63x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

79th percentile

$312,204

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

60th percentile

7.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-13%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$20,845,417

Up $2,432,108 (+13%) from 2022

Liabilities

Up

$1,361,730

Up $1,268,026 (+1353%) from 2022

Net Assets

Up

$19,483,687

Up $1,164,082 (+6.4%) from 2022

Revenue

Down

$2,440,881

Down $263,998 (-9.8%) from 2022

Expenses

Up

$1,750,102

Up $405,892 (+30%) from 2022

Net Income

Down

$690,779

Down $669,890 (-49%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $6,880,606Liabilities 2011: $45,324Net Assets 2011: $6,835,2822011Assets 2012: $7,177,916Liabilities 2012: $76,244Net Assets 2012: $7,101,6722012Assets 2013: $7,739,209Liabilities 2013: $31,261Net Assets 2013: $7,707,9482013Assets 2014: $9,105,118Liabilities 2014: $157,883Net Assets 2014: $8,947,2352014Assets 2015: $9,221,501Liabilities 2015: $69,955Net Assets 2015: $9,151,5462015Assets 2016: $8,631,743Liabilities 2016: $41,388Net Assets 2016: $8,590,3552016Assets 2017: $10,166,195Liabilities 2017: $313,541Net Assets 2017: $9,852,6542017Assets 2018: $11,121,540Liabilities 2018: $130,385Net Assets 2018: $10,991,1552018Assets 2019: $11,940,301Liabilities 2019: $142,435Net Assets 2019: $11,797,8662019Assets 2020: $12,708,311Liabilities 2020: $99,369Net Assets 2020: $12,608,9422020Assets 2021: $18,332,770Liabilities 2021: $215,436Net Assets 2021: $18,117,3342021Assets 2022: $18,413,309Liabilities 2022: $93,704Net Assets 2022: $18,319,6052022Assets 2023: $20,845,417Liabilities 2023: $1,361,730Net Assets 2023: $19,483,6872023

Highlighted filing

2023

Assets$20,845,417
Liabilities$1,361,730
Net Assets$19,483,687

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $585,6282011Expenses 2012: $928,3682012Expenses 2013: $698,5112013Revenue 2014: $1,420,631Expenses 2014: $819,519Net Income 2014: $601,1122014Revenue 2015: $1,280,345Expenses 2015: $856,078Net Income 2015: $424,2672015Revenue 2016: $979,540Expenses 2016: $1,055,732Net Income 2016: -$76,1922016Revenue 2017: $2,141,627Expenses 2017: $857,423Net Income 2017: $1,284,2042017Revenue 2018: $1,525,358Expenses 2018: $802,404Net Income 2018: $722,9542018Revenue 2019: $1,426,967Expenses 2019: $846,472Net Income 2019: $580,4952019Revenue 2020: $2,290,294Expenses 2020: $817,117Net Income 2020: $1,473,1772020Revenue 2021: $3,997,749Expenses 2021: $1,197,239Net Income 2021: $2,800,5102021Revenue 2022: $2,704,879Expenses 2022: $1,344,210Net Income 2022: $1,360,6692022Revenue 2023: $2,440,881Expenses 2023: $1,750,102Net Income 2023: $690,7792023

Highlighted filing

2023

Revenue$2,440,881
Expenses$1,750,102
Net Income$690,779

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$20.8$1.36$19.5$2.44$1.75$0.69
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.09$18.3$2.70$1.34$1.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$0.22$18.1$4.00$1.20$2.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$0.10$12.6$2.29$0.82$1.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$0.14$11.8$1.43$0.85$0.58
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$0.13$11.0$1.53$0.80$0.72
2017Summary only. Only limited summary data is available for this year.$10.2$0.31$9.85$2.14$0.86$1.28
2016Detailed filing. Detailed filing data is available for this year.$8.63$0.04$8.59$0.98$1.06$0.08
2015Detailed filing. Detailed filing data is available for this year.$9.22$0.07$9.15$1.28$0.86$0.42
2014Detailed filing. Detailed filing data is available for this year.$9.11$0.16$8.95$1.42$0.82$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.74$0.03$7.71$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.18$0.08$7.10$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.88$0.05$6.84$0.59
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$9,414,082
Mission and Program Overview

Mission

The harford community college foundation, inc., assists harford community college and the advancement of public higher education by broadening the base of support and communication with private donors and public agencies. Through friend raising, advocacy, and fundraising efforts, the foundation sustains the college with financial and personal contributions for educational programs developed by the college community and approved by the board of trustees.

To provide scholarships and program support for harford community college and its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,612,980$7,310,436▼ $302,544
Pledges and Grants Receivable$632,407$582,167▼ $50,240
Cash and Non-Interest-Bearing Accounts$773,839$412,936▼ $360,903
Savings and Temporary Cash Investments$162,309$266,046▲ $103,737
Prepaid Expenses and Deferred Charges$39,966$60,158▲ $20,192
Total Assets$9,221,501$8,631,743▼ $589,758
Liabilities
Deferred Revenue$16,500$27,748▲ $11,248
Other Liabilities$53,455$13,640▼ $39,815
Total Liabilities$69,955$41,388▼ $28,567
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,429,510$4,903,163▼ $526,347
Permanently Rstr Net Assets$3,320,542$3,373,078▲ $52,536
Unrestricted Net Assets$401,494$314,114▼ $87,380
Total Net Assets Fund Balance$9,151,546$8,590,355▼ $561,191
Total Liabilities and Net Assets / Fund Balance$9,221,501$8,631,743▼ $589,758

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$6,141,814$52,536▼ $171,186-$5,880,195
2014$6,034,324$66,325▲ $162,139-$6,141,814
2013$5,140,554$198,698▲ $793,446-$6,034,324
2012$4,689,654$43,956▲ $492,765-$5,140,554
2011$4,767,572$162,073▼ $148,568-$4,689,654
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$560,472
Program Service Revenue
$0
Investment Income
$306,468
Other Revenue
$112,600
All Other Contributions
$544,988
Change in Net Assets
$-76,192

Audited Revenue Reconciliation

Revenue per Audited Statements
$939,095
Revenue Not Reported on Financial Statements
$40,445
Revenue Not Reported on Form 990
$-413,667
Total Revenue per Audited Statements
$525,428
Total Revenue per Form 990
$979,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$851,055
Other Expenses$204,677
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$433,928--$433,928
Grants to Domestic Individuals$417,127--$417,127
Fees for Services Management-$43,391-$43,391
Fees for Service Investment Mgmnt Fees-$40,445-$40,445
Conferences and Meetings$35,928--$35,928
Office Expenses$5,899$13,582-$19,481
Information Technology$12,937--$12,937
Fees for Services Accounting-$6,900-$6,900
Fees for Services Other-$4,072-$4,072
Other Expenses$8,284$300-$300
Travel$121--$121
Total Functional Expenses$938,015$117,717$0$1,055,732

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,086,619
Total Expenses per Form 990$1,055,732
Expenses per Audited Statements$1,015,287
Expenses Not Reported on Form 990$71,332
Expenses Not Reported on Financial Statements$40,445
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harford Community CollegeBel Air, MD501(c)3Program Support$433,928
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$183,932
Fundraising Direct Expenses$71,332
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament (july 2015)$51,290$51,290$4,734$46,556
Hurd Run (november 2015)$27,418$27,418$13,928$13,490
Total Events$199,416$183,932$71,332$112,600
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Harford Community College$13,640
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Mr. David dixon and mrs. Diane dixon- married, family relationship.

Form 990, Part VI, Section A, Line 3

The foundation pays a management fee to harford community college. The development and accounting activities of the foundation are performed by college employees.

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by the foundation's outside auditor. The tax return is sent by the foundation accountant to all board members. The board has delegated approval of the 990 to the board finance committee.

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

Each board member is required to sign a new conflict of interest statement annually. The statements are reviewed by the board chair. The board chair identifies questionable items and discusses the potential issue with the board member.

Form 990, Part VI, Section C, Line 19

The governing document, conflict of interest policy, and financial statements are all available upon request via harford community college, 401 thomas run road, bel air, md 21015.

Filing and Contact Details

Filer

Filer Name
The Harford Community College
EIN
52-1635738
Phone
4434122286
Address
401 THOMAS RUN ROAD, BEL AIR, MD 21015

Signing Officer

Name
F Scott Keck
Title
Chairman of the Board
Phone
4434122286
Signed
2017-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
F Scott Keck
Formed
1989
Legal Domicile
Md
Voting Board Members
40
Independent Board Members
40
Employees
0
Volunteers
40

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE STE 400, PLYMOUTH MEETING, PA 19462
Preparer
David Jacobson
Phone
2156433900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The foundation has not changed either its oversight process or selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

The foundation is generally exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Income, which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. The foundation had no net unrelated business income for the years ended june 30, 2016 and 2015. The foundation follows the accounting standard covering uncertain tax positions. The standard has no financial effect on the foundation.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 71,332.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 71,332.

Raw XML AppendixShowing 400 of 806 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
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherContributionsAmt0544988
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum04434122286
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0401 THOMAS RUN RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEL AIR
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt39DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt40DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt41DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt42DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt43COLLEGE PRESIDENT AND DIRE
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IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt015484
IRS990/FundraisingDirectExpensesAmt071332
IRS990/FundraisingGrossIncomeAmt0183932

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