Liabilities / Assets
16th percentile
Tied with the lowest-debt nonprofits in its peer group.
Fund for the Common Good
EIN 84-3726722 • 501(c)4 • Fulton, MD
Profile
The Organizations principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organizations mission and are exempt under IRC 501(c)(3) or 501 (c)(4).
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
17th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
36th percentile
Higher top officer pay than 36% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Balance Sheet
Assets
Down$5,658,673
Down $10,270,299 (-64%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$5,658,673
Down $10,270,299 (-64%) from 2023
Revenue
Down$962,417
Down $411,284 (-30%) from 2023
Expenses
Down$11,145,762
Down $1,922,501 (-15%) from 2023
Net Income
Up-$10,183,345
Up $1,511,217 (+13%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $5,658,673
- Liabilities
- $0
- Net assets
- $5,658,673
- Revenue
- $962,417
- Expenses
- $11,145,762
- Net income
- -$10,183,345
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 6, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $19,318,103
Mission and Program Overview
Mission
The organization's principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organization's mission and are exempt under sections 501(c)(3) or 501 (c)(4).
The Organizations principal activity is the promotion of social welfare through the provision of strategic and financial support to other organizations that support the organizations mission and are exempt under IRC 501(c)(3) or 501 (c)(4).
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $15,928,972 | $5,658,673 | ▼ $10,270,299 |
| Investments in Publicly Traded Securities | $15,857,006 | $5,568,846 | ▼ $10,288,160 |
| Accounts Receivable | $67,237 | $68,919 | ▲ $1,682 |
| Cash and Non-Interest-Bearing Accounts | $4,729 | $20,908 | ▲ $16,179 |
| Total Assets | $15,928,972 | $5,658,673 | ▼ $10,270,299 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $15,928,972 | $5,658,673 | ▼ $10,270,299 |
| Total Liabilities and Net Assets / Fund Balance | $15,928,972 | $5,658,673 | ▼ $10,270,299 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Stewart Bainum Jr | President and Director |
| Bradford Bainum | Director |
| Matthew Bainum | Director |
| Sandra Bainum | Director |
| David J Korotkin | Assistant Secretary |
| Mary C Acker | Secretary/Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $962,417
- Other Revenue
- $0
- Change in Net Assets
- $-10,183,345
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $11,100,000 |
| Other Expenses | $45,762 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $11,100,000 | - | - | $11,100,000 |
| Fees for Service Investment Mgmnt Fees | $0 | $32,369 | $0 | $32,369 |
| Fees for Services Accounting | $0 | $12,272 | $0 | $12,272 |
| Office Expenses | $0 | $387 | $0 | $387 |
| Other Expenses | $0 | $378 | $0 | $378 |
| Total Functional Expenses | $11,100,000 | $45,762 | $0 | $11,145,762 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Venetoulis Institute for Local Journalism | Baltimore, MD | 501(c)(4) | Support local journalism | $11,000,000 |
| Majority Forward | Washington, DC | 501(c)(4) | Promote democratic leadership | $100,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign 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
- 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
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- Yes
Filing and Contact Details
Filer
- Filer Name
- Fund for the Common Good
- EIN
- 84-3726722
- Phone
- 2402951612
- Address
- 8171 Maple Lawn Blvd 375, Fulton, MD 20759
Signing Officer
- Name
- Mary C Acker
- Title
- Treasurer
- Phone
- 2402951612
- Signed
- 2025-05-06
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Mary C Acker
- Formed
- 2019
- Legal Domicile
- Md
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- White Oak Resources LLC
- Address
- 8171 MAPLE LAWN BLVD STE 375, FULTON, MD 20759
- Preparer
- Colleen McCarthy
- Phone
- 2402951613
Supplemental Narrative
Additional Explanations
Pt VI, Line 2
“Stewart and Sandra Bainum are married and their 2 adult children are Bradford and Matthew Bainum all serve as Directors. The organization delegated control of certain management functions to a management company - White Oak Resources, LLC. White Oak Resources, LLC is ulimately owned by the Directors, trusts for their benefit, and descendants of Stewarts parents. Two of the officers are employed by White Oak Resources, LLC.”
Pt VI, Line 3
“Certain management duties for Fund for the Common Good are performed by White Oak Resources, LLC primarily with respect to finance, tax & administration.”
Pt VI, Line 6
“There is one class of Members. The Board is a separate governing body elected by the Members.”
Pt VI, Line 7A
“The Members of the Corporation have the right and duty to: Fix the authorized number of directors; elect the directors of the Corporation upon any vacancies on the Board of Directors; appoint the Board chair, who serves at the pleasure of the Members, from among the directors they elect; and remove any or all of the directors with or without cause.”
Pt VI, Line 7B
“The Members have the right to: Set the mission and policy statement of the Corporation; approve any changes to the Corporations Certificate of Incorporation or the Bylaws; approve dissolution of the Corporation and the related distribution of assets, material sales of assets, mergers, consolidations, conversions or domestications; and approve any other fundamental transactions of the Corporation.”
Pt VI, Line 11B
“White Oak Resources, LLC employees prepare the return. The treasurer reviews the return and then a copy of the Form 990 is made available to the full governing body before filing with the Internal Revenue Service.”
Pt VI, Line 12C
“Annual questionnaires document each Director and Officers compliance and disclosures.”
Pt VI, Line 15A
“There are no employees. Officers and Directors are not compensated.”
Pt VI, Line 19
“The Fund makes the organizational and governing documents available upon request.”
Pt XI
“Line 9 represents Wash Sales.”
Raw XML Appendix373 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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| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/FormationYr | 0 | 2019 |
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| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 833690373 |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | Part II, Line 1, Column H Name: The Venetoulis Institute for Local Journalism Purpose: charitable & educational purposes to deliver daily news and educate without bias. |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 1 | Grantees sign a Grant Agreement requiring them to submit reports on the Grantees use of the funds during the grant period as well as financial or program data (if any) which supports their use. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt I Line 2 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Stewart and Sandra Bainum are married and their 2 adult children are Bradford and Matthew Bainum all serve as Directors. The organization delegated control of certain management functions to a management company - White Oak Resources, LLC. White Oak Resources, LLC is ulimately owned by the Directors, trusts for their benefit, and descendants of Stewarts parents. Two of the officers are employed by White Oak Resources, LLC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Certain management duties for Fund for the Common Good are performed by White Oak Resources, LLC primarily with respect to finance, tax & administration. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | There is one class of Members. The Board is a separate governing body elected by the Members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Members of the Corporation have the right and duty to: Fix the authorized number of directors; elect the directors of the Corporation upon any vacancies on the Board of Directors; appoint the Board chair, who serves at the pleasure of the Members, from among the directors they elect; and remove any or all of the directors with or without cause. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Members have the right to: Set the mission and policy statement of the Corporation; approve any changes to the Corporations Certificate of Incorporation or the Bylaws; approve dissolution of the Corporation and the related distribution of assets, material sales of assets, mergers, consolidations, conversions or domestications; and approve any other fundamental transactions of the Corporation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | White Oak Resources, LLC employees prepare the return. The treasurer reviews the return and then a copy of the Form 990 is made available to the full governing body before filing with the Internal Revenue Service. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Annual questionnaires document each Director and Officers compliance and disclosures. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | There are no employees. Officers and Directors are not compensated. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | The Fund makes the organizational and governing documents available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Line 9 represents Wash Sales. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Pt XI |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Foundation for the Greatest Good |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 521907725 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Private Foundation |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | PF |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 8171 Maple Lawn Blvd Ste 375 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | Fulton |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 20759 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | false |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | false |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | false |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | false |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | false |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 1 | DE |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 15928972 |
| IRS990/TotalAssetsEOYAmt | 0 | 5658673 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 15928972 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 5658673 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 45762 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 11100000 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 11145762 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 15928972 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 5658673 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 11100000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 962417 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 962417 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 15928972 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 5658673 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 8171 Maple Lawn Blvd Ste 375 |
| IRS990/USAddress/CityNm | 0 | Fulton |
| IRS990/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990/USAddress/ZIPCd | 0 | 20759 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Mary C Acker |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2402951612 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Fund for the Common Good |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FUND |
| ReturnHeader/Filer/EIN | 0 | 843726722 |
| ReturnHeader/Filer/PhoneNum | 0 | 2402951612 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 8171 Maple Lawn Blvd 375 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Fulton |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 20759 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 612119901 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WHITE OAK RESOURCES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8171 MAPLE LAWN BLVD STE 375 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FULTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 20759 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2402951613 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Colleen McCarthy |
| ReturnHeader/ReturnTs | 0 | 2025-05-06T08:45:49-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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