Civic Intelligence

Secu MD Foundation Inc.

990 • Fiscal year 2019 • EIN 82-1896987

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

971 Corporate BlvdLinthicum, MD 21090

(410) 487-7036

Siviq Scores

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

Liabilities / Assets

87th percentile

0.35x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.16x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

27th percentile

-7.0%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$559,763

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 195.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$128,589

Up $19,147 (+17%) from 2018

Net Assets

Down

$84,035

Down $20,033 (-19%) from 2018

Liabilities

Up

$44,554

Up $39,180 (+729%) from 2018

Revenue

Down

$285,714

Down $47,189 (-14%) from 2018

Expenses

Up

$305,747

Up $76,912 (+34%) from 2018

Net Income

Down

-$20,033

Down $124,101 (-119%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $109,442Liabilities 2018: $5,374Net Assets 2018: $104,0682018Assets 2019: $128,589Liabilities 2019: $44,554Net Assets 2019: $84,0352019Assets 2021: $279,600Liabilities 2021: $0Net Assets 2021: $279,6002021Assets 2022: $911,914Liabilities 2022: $244Net Assets 2022: $911,6702022Assets 2024: $394,287Liabilities 2024: $346,435Net Assets 2024: $47,8522024

Highlighted filing

2019

Assets$128,589
Liabilities$44,554
Net Assets$84,035

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $332,903Expenses 2018: $228,835Net Income 2018: $104,0682018Revenue 2019: $285,714Expenses 2019: $305,747Net Income 2019: -$20,0332019Revenue 2021: $395,250Expenses 2021: $282,651Net Income 2021: $112,5992021Revenue 2022: $1,317,696Expenses 2022: $685,626Net Income 2022: $632,0702022Revenue 2024: $471,662Expenses 2024: $458,850Net Income 2024: $12,8122024

Highlighted filing

2019

Revenue$285,714
Expenses$305,747
Net Income-$20,033
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$323,130
Mission and Program Overview

Mission

Help individuals achieve their dreams through education by financial wellness programs and the maryland scholarship program.

Secu md foundation's mission is to create a stronger maryland by empowering access to education, supporting health and wellness and serving as a catalyst for community development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,793$119,484▲ $18,691
Prepaid Expenses and Deferred Charges$8,649$9,105▲ $456
Total Assets$109,442$128,589▲ $19,147
Liabilities
Accounts Payable and Accrued Expenses$5,374$44,554▲ $39,180
Total Liabilities$5,374$44,554▲ $39,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$104,068$84,035▼ $20,033
Total Net Assets Fund Balance$104,068$84,035▼ $20,033
Total Liabilities and Net Assets / Fund Balance$109,442$128,589▲ $19,147
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael GordyPresident/director
Kevin KeseckerSenior Vice President/director
Becky SmithChief Marketing Officer/ Director
Steven ArbaughTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$250,580
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$35,134
All Other Contributions
$79,732
Change in Net Assets
$-20,033

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,714
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$22,318
Total Revenue per Audited Statements
$308,032
Total Revenue per Form 990
$285,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$210,158
Other Expenses$95,589
Total Fundraising Expense$48,462
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$107,431--$107,431
Grants to Domestic Individuals$102,727--$102,727
Fees for Services Management-$23,234-$23,234
Information Technology-$14,116-$14,116
Other Expenses$7,286-$47,500$7,286
Insurance-$1,248-$1,248
Office Expenses-$1,243-$1,243
Fees for Services Other--$962$962
Total Functional Expenses$217,444$39,841$48,462$305,747

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$328,065
Expenses per Audited Statements$305,747
Total Expenses per Form 990$305,747
Expenses Not Reported on Form 990$22,318
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$72,550
Fundraising Direct Expenses$37,416
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$75,998$72,550$18,059$54,491
Total Events$75,998$72,550$37,416$35,134
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
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization had no committees.

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

The 990 will be reviewed at a secu md foundation board meeting prior to filing.

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

The secu md foundation board is required to sign a conflict of interest statement annually. Should a conflict arise it will be reported to the secu vp of internal audit and reviewed with secu's supervisory committee of the board.

Form 990, Part VI, Section C, Line 19

Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Secu Md Foundation Inc
EIN
82-1896987
Phone
4104877036
Address
971 CORPORATE BLVD, LINTHICUM, MD 21090

Signing Officer

Name
Steven Arbaugh
Title
Treasurer
Phone
4104877036
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Smith
Formed
2017
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
25

Preparer

Firm
Moss Adams Llp
Address
805 SW BROADWAY STE 1200, PORTLAND, OR 97205
Preparer
Wendy Campos
Phone
5032421447
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Foundation has organized individuals to oversee the audit process. No change from prior-year.

Financial Statement Notes

PART X, LINE 2:

The foundation recognizes the tax benefit form uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The foundation recognizes interest and penalties, if any, related to income tax matters in management and general expense.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Supporting services 22,318.

Raw XML AppendixShowing 400 of 480 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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0184631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt167591
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt255284
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0271554
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1281569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2270960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3176110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt025374
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt122585
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt022615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt125000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt222316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt39519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt14431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt21040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt34753
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt079249
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt15221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt22868
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt317698
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL GORDY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1STEVEN ARBAUGH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KEVIN KESECKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BECKY SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SENIOR VICE PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CHIEF MARKETING OFFICER/ DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0559763
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1383812
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2352468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3208080
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0MICHAEL GORDY - SEVERANCE COMPENSATION OF $76,731
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE REVIEWED AT A SECU MD FOUNDATION BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SECU MD FOUNDATION BOARD IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. SHOULD A CONFLICT ARISE IT WILL BE REPORTED TO THE SECU VP OF INTERNAL AUDIT AND REVIEWED WITH SECU'S SUPERVISORY COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOUNDATION HAS ORGANIZED INDIVIDUALS TO OVERSEE THE AUDIT PROCESS. NO CHANGE FROM PRIOR-YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0STATE EMPLOYEES CREDIT UNION OF MARYLAND INCORPORATED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0520627114
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE SUPPLEMENTAL EXPLANATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0971 CORPORATE BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LINTHICUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd021090
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0PRIMARY ACTIVITY - FINANCIAL SERVICES RELATED TO DEPOSIT ACCOUNTS, LENDING OPTIONS AND FINANCIAL ADVISORY SERVICES.
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt11(D) - ALL CONTRIBUTIONS ARE TRACKED BY THE FOUNDATION AND BY EACH CONTRIBUTOR. THE AUDITED FINANCIALS REPORT A SEPARATE LINE ITEM TO DISCLOSE RELATED PARTY CONTRIBUTIONS. 2(D) - FOUNDATION DOES NOT HAVE A SEPARATE OFFICE AND USES SAME FACILITY AS CREDIT UNION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART II
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE R, PART V, LINE 2(D)
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0187718
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0SEE SUPPLEMENTAL EXPLANATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0STATE EMPLOYEES CREDIT UNION OF MARYLAND INCORPORATED
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/StatesWhereCopyOfReturnIsFldCd1DE
IRS990/StatesWhereCopyOfReturnIsFldCd2MD
IRS990/StatesWhereCopyOfReturnIsFldCd3PA
IRS990/StatesWhereCopyOfReturnIsFldCd4VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

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