Civic Intelligence

Fund for the Common Good

990 • Fiscal year 2021 • EIN 84-3726722

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

8171 Maple Lawn BlvdFulton, MD 20759

(240) 295-1612

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Net Margin

94th percentile

94%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2021

Asset Growth

16th percentile

-2.8%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-0.9%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)4 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$31,715,847

Down $900,412 (-2.8%) from 2020

Net Assets

Down

$31,713,289

Down $902,970 (-2.8%) from 2020

Liabilities

Up

$2,558

Up $2,558 from 2020

Revenue

Down

$31,233,392

Down $279,418 (-0.9%) from 2020

Expenses

Up

$1,867,855

Up $1,193,997 (+177%) from 2020

Net Income

Down

$29,365,537

Down $1,473,415 (-4.8%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2020: $32,616,259Liabilities 2020: $0Net Assets 2020: $32,616,2592020Assets 2021: $31,715,847Liabilities 2021: $2,558Net Assets 2021: $31,713,2892021Assets 2022: $27,437,728Liabilities 2022: $0Net Assets 2022: $27,437,7282022Assets 2023: $15,928,972Liabilities 2023: $0Net Assets 2023: $15,928,9722023Assets 2024: $5,658,673Liabilities 2024: $0Net Assets 2024: $5,658,6732024

Highlighted filing

2021

Assets$31,715,847
Liabilities$2,558
Net Assets$31,713,289

Operations Trend

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

$40M$20M$0-$20MRevenue 2020: $31,512,810Expenses 2020: $673,858Net Income 2020: $30,838,9522020Revenue 2021: $31,233,392Expenses 2021: $1,867,855Net Income 2021: $29,365,5372021Revenue 2022: -$506,052Expenses 2022: $3,876,388Net Income 2022: -$4,382,4402022Revenue 2023: $1,373,701Expenses 2023: $13,068,263Net Income 2023: -$11,694,5622023Revenue 2024: $962,417Expenses 2024: $11,145,762Net Income 2024: -$10,183,3452024

Highlighted filing

2021

Revenue$31,233,392
Expenses$1,867,855
Net Income$29,365,537
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.1
Gross Receipts
$33,061,655
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).

Promotion of social welfare to other 501(c)(3) and (c)(4) organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$32,616,259$31,713,289▼ $902,970
Investments in Publicly Traded Securities$2,521,636$31,711,934▲ $29,190,298
Investments Other Securities$30,078,435--
Cash and Non-Interest-Bearing Accounts$13,835$3,913▼ $9,922
Total Assets$32,616,259$31,715,847▼ $900,412
Other Assets Total$2,353--
Liabilities
Accounts Payable and Accrued Expenses-$2,558-
Total Liabilities$0$2,558▲ $2,558
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,616,259$31,713,289▼ $902,970
Total Liabilities and Net Assets / Fund Balance$32,616,259$31,715,847▼ $900,412
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stewart Bainum JrPresident and Director
Bradford BainumDirector
Matthew BainumDirector
Sandra BainumDirector
David J KorotkinAssistant Secretary
Mary C AckerSecretary
Christine AShreveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$31,233,392
Other Revenue
$0
Change in Net Assets
$29,365,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,802,371
Other Expenses$65,484
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,802,371--$1,802,371
Fees for Service Investment Mgmnt Fees$0$49,367$0$49,367
Fees for Services Accounting$0$14,276$0$14,276
Other Expenses$0$1,276$0$1,276
Office Expenses$0$565$0$565
Total Functional Expenses$1,802,371$65,484$0$1,867,855
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Venetoulis Institute for Local JournalismBaltimore, MD501(c)(3)Support local journalism$1,802,371
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
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, Fulton, MD 20759

Signing Officer

Name
Christine A Shreve
Title
Treasurer
Phone
2402951612
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine A Shreve
Formed
2019
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Realty Investment Company Inc
Address
8171 MAPLE LAWN BLVD STE 375, FULTON, MD 20759
Preparer
Mary C Acker
Phone
2402951612
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.

Pt VI, Line 3

Certain management duties for Fund for the Common Good are performed by Realty Investment Company, Inc.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 Corporation's 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

The Treasurer and Secretary prepare and review 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 Officer's 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

The stock sold during 2021 was contributed. The donor's basis was carried over in reporting realized gain.

Raw XML Appendix367 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/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Assistant Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Stewart and Sandra Bainum are married and their 2 adult children are Bradford and Matthew Bainum all serve as Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Certain management duties for Fund for the Common Good are performed by Realty Investment Company, Inc.primarily with respect to finance, tax & administration.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is one class of Members. The Board is a separate governing body elected by the Members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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/ExplanationTxt4The Members have the right to: Set the mission and policy statement of the Corporation; approve any changes to the Corporation's 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/ExplanationTxt5The Treasurer and Secretary prepare and review 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/ExplanationTxt6Annual questionnaires document each Director and Officer's compliance and disclosures.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7There are no employees. Officers and Directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Fund makes the organizational and governing documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The stock sold during 2021 was contributed. The donor's basis was carried over in reporting realized gain.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt XI
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08171 Maple Lawn Blvd Ste 375
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Fulton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020759
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032616259
IRS990/TotalAssetsEOYAmt031715847
IRS990/TotalAssetsGrp/BOYAmt032616259
IRS990/TotalAssetsGrp/EOYAmt031715847
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065484
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01802371
IRS990/TotalFunctionalExpensesGrp/TotalAmt01867855
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt02558
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02558
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032616259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt031713289
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01802371
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031233392
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt031233392
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032616259
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt031715847
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08171 Maple Lawn Blvd Ste 375
IRS990/USAddress/CityNm0Fulton
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020759
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Christine A Shreve
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02402951612
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fund for the Common Good
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0843726722
ReturnHeader/Filer/PhoneNum02402951612
ReturnHeader/Filer/USAddress/AddressLine1Txt08171 Maple Lawn Blvd
ReturnHeader/Filer/USAddress/CityNm0Fulton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020759
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0530197749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REALTY INVESTMENT COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08171 MAPLE LAWN BLVD STE 375
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FULTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020759
ReturnHeader/PreparerPersonGrp/PhoneNum02402951612
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary C Acker
ReturnHeader/ReturnTs02022-11-10T04:03:57-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Christine
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shreve
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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