Civic Intelligence

Fair Hill Foundation Inc.

990 • Fiscal year 2019 • EIN 81-3461768

Jan 01, 2019 to Dec 31, 2019 • Filed on Dec 17, 2021

P O Box 1324Elkton, MD 21921

(410) 578-3802

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.47x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

3rd percentile

-39%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

742%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$543,368

Down $345,958 (-39%) from 2018

Net Assets

Down

-$206,632

Down $345,958 (-248%) from 2018

Liabilities

Flat

$750,000

Flat from 2018

Revenue

Up

$1,589,887

Up $1,400,989 (+742%) from 2018

Expenses

Up

$1,935,845

Up $1,860,564 (+2471%) from 2018

Net Income

Down

-$345,958

Down $459,575 (-404%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2017: $25,709Liabilities 2017: $0Net Assets 2017: $25,7092017Assets 2018: $889,326Liabilities 2018: $750,000Net Assets 2018: $139,3262018Assets 2019: $543,368Liabilities 2019: $750,000Net Assets 2019: -$206,6322019Assets 2020: $102,694Liabilities 2020: $875,000Net Assets 2020: -$772,3062020Assets 2021: $81,421Liabilities 2021: $455,000Net Assets 2021: -$373,5792021Assets 2022: $200,914Liabilities 2022: $75,000Net Assets 2022: $125,9142022Assets 2023: $363,565Liabilities 2023: $0Net Assets 2023: $363,5652023Assets 2024: $479,381Liabilities 2024: $0Net Assets 2024: $479,3812024

Highlighted filing

2019

Assets$543,368
Liabilities$750,000
Net Assets-$206,632

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $43,710Expenses 2017: $18,001Net Income 2017: $25,7092017Revenue 2018: $188,898Expenses 2018: $75,281Net Income 2018: $113,6172018Revenue 2019: $1,589,887Expenses 2019: $1,935,845Net Income 2019: -$345,9582019Revenue 2020: $880,225Expenses 2020: $1,445,899Net Income 2020: -$565,6742020Revenue 2021: $1,141,564Expenses 2021: $742,837Net Income 2021: $398,7272021Revenue 2022: $754,438Expenses 2022: $254,945Net Income 2022: $499,4932022Revenue 2023: $368,679Expenses 2023: $131,028Net Income 2023: $237,6512023Revenue 2024: $190,513Expenses 2024: $74,697Net Income 2024: $115,8162024

Highlighted filing

2019

Revenue$1,589,887
Expenses$1,935,845
Net Income-$345,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Dec 17, 2021
Return Version
2019v5.2
Gross Receipts
$2,263,473
Mission and Program Overview

Mission

Assist state of maryland in protecting, enhancing, and preserving all facets of the maryland state park located at fair hill natural resources management area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$750,000--
Loans From Officers Directors$750,000$750,000→ $0
Savings and Temporary Cash Investments$101,344$496,593▲ $395,249
Cash and Non-Interest-Bearing Accounts$37,982$46,775▲ $8,793
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$139,326$-206,632▼ $345,958
Total Assets$889,326$543,368▼ $345,958
Liabilities
Total Liabilities$750,000$750,000→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$139,326$-206,632▼ $345,958
Total Liabilities and Net Assets / Fund Balance$889,326$543,368▼ $345,958
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,593,710
Program Service Revenue
$0
Investment Income
$-3,823
Other Revenue
$0
All Other Contributions
$1,543,710
Change in Net Assets
$-345,958

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,589,887
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$136,375
Total Revenue per Audited Statements
$1,726,262
Total Revenue per Form 990
$1,589,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,801,502
Other Expenses$56,982
Professional Fundraising Fees$40,599
Total Fundraising Expense$40,599
Salaries, Compensation, and Employee Benefits$36,762

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,801,502--$1,801,502
Fees for Services Professional Fundraising--$40,599$40,599
Other Salaries and Wages-$34,150-$34,150
Fees for Services Other-$31,100-$31,100
Advertising-$13,206-$13,206
Fees for Services Accounting-$5,098-$5,098
Payroll Taxes-$2,612-$2,612
Insurance-$2,591-$2,591
Travel-$1,963-$1,963
Office Expenses-$1,048-$1,048
Other Expenses-$229-$229
Total Functional Expenses$1,801,502$93,744$40,599$1,935,845

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,151,537
Expenses Not Reported on Form 990$7,215,692
Expenses per Audited Statements$1,935,845
Total Expenses per Form 990$1,935,845
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maryland Department of Natural ResourcesAnnapolis, MD501(c)(3)To Construct the Facility, on the State Property in Fair Hill Maryland, for the Equestrian Five-star Event$1,801,502
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$40,599
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$750,000$750,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Board of directors is provided with a draft of the form 990 for their review and comment prior to filing

Form 990, Part VI, Section C, Line 19

Financial statements and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Fair Hill Foundation Inc
EIN
81-3461768
Phone
4105783802
Address
P O BOX 1324, ELKTON, MD 21921

Signing Officer

Name
Jack S Griswold
Title
Vice President
Phone
4109602888
Signed
2021-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack S Griswold
Formed
2016
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
10
Employees
1
Volunteers
28

Preparer

Firm
Bishop & Associates Inc
Address
1 WEST PENNSYLVANIA AVE STE 975, TOWSON, MD 21204
Phone
4108255000
Supplemental Narrative

Additional Explanations

Form 990 Schedule A Part I Line 7

Amended return is filed to correct schedule a part i - corrected box 10 to box 7, and moved supporting data from schedule a part iii to part ii (amounts remain the same). All other data remains unchanged.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Pledged contributions (receivable) 136379. Rounding -4.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Accrued expenses (payable) 17199. Rounding -5. Accrued assistance/grants due to dnr 7198498.

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01826315
IRS990ScheduleA/TotalSupportAmt01826315
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/ExpensesNotReportedAmt07215692
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01935845
IRS990ScheduleD/OtherExpensesIncludedAmt07215692
IRS990ScheduleD/OtherRevenueAmt0136375
IRS990ScheduleD/RevenueNotReportedAmt0136375
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01589887
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PLEDGED CONTRIBUTIONS (RECEIVABLE) 136379. ROUNDING -4.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUED EXPENSES (PAYABLE) 17199. ROUNDING -5. ACCRUED ASSISTANCE/GRANTS DUE TO DNR 7198498.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01935845
IRS990ScheduleD/TotalRevenuePerForm990Amt01589887
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01726262
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09151537
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0SOLICITATION OF FUNDS FOR 5 STAR EVENT CAPITAL IMP.
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-40718
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0HECK & COMPANY
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt040718
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0P O BOX 865
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0CHESTERTOWN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd021620
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0MD
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL FUNDRAISING SERVICE INVOICES INCLUDE ACTUAL DIRECT EXPENSES INCURRED BY THE FUNDRAISER, THESE ARE BROKEN OUT IN DETAIL WITHIN THE BODY OF EACH INVOICE. COLUMN V INCLUDES THE GROSS AMOUNT PAID TO THE FUNDRAISER.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 SCHEDULE G COLUMN V
IRS990ScheduleG/TotalNetToOrganizationAmt0-40718
IRS990ScheduleG/TotalRetainedByContractorsAmt040718
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01801502
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO CONSTRUCT THE FACILITY, ON THE STATE PROPERTY IN FAIR HILL MARYLAND, FOR THE EQUESTRIAN FIVE-STAR EVENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARYLAND DEPARTMENT OF NATURAL RESOURCES
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0580 TAYLOR AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ANNAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021401
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SHORT TERM LOAN FOR FUNDING OF FAIR HILL FIVE STAR PROJECT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SHORT TERM LOAN FOR FUNDING OF FAIR HILL FIVE STAR PROJECT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0250000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JACK GRISWOLD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1ROBERT KINSLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0750000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS IS PROVIDED WITH A DRAFT OF THE FORM 990 FOR THEIR REVIEW AND COMMENT PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMENDED RETURN IS FILED TO CORRECT SCHEDULE A PART I - CORRECTED BOX 10 TO BOX 7, AND MOVED SUPPORTING DATA FROM SCHEDULE A PART III TO PART II (AMOUNTS REMAIN THE SAME). ALL OTHER DATA REMAINS UNCHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 SCHEDULE A PART I LINE 7
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0889326
IRS990/TotalAssetsEOYAmt0543368
IRS990/TotalAssetsGrp/BOYAmt0889326
IRS990/TotalAssetsGrp/EOYAmt0543368
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01593710
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040599
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093744
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01801502
IRS990/TotalFunctionalExpensesGrp/TotalAmt01935845
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0750000
IRS990/TotalLiabilitiesEOYAmt0750000
IRS990/TotalLiabilitiesGrp/BOYAmt0750000
IRS990/TotalLiabilitiesGrp/EOYAmt0750000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0139326
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-206632
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01801502
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-3823
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01589887
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt028
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0889326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0543368
IRS990/TotReportableCompRltdOrgAmt00

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