NonprofitsFrostburg State University Foundation

Education

Frostburg State University Foundation

FROSTBURG, MD

Total revenue

$10.5M

Total expenses

$3.5M

Net assets

$53.3M

Grants received

$701K

70 grants

EIN

237120883

Tax year

2024

Mission

To foster, encourage, and promote the growth, progress, and general welfare of frostburg state university through advocacy, fundraising, investment management and stewardship.

Programs

3 programs

Endowment - these provide support for student scholarships and program support.

Expenses: $1.7MGrants: $272K

Program support - these provide support to schools, departments, divisions, special interests, and other projects approved and recognized by the university. They also support emergency student loans.

Expenses: $402KGrants: $100K

Expenses including grants of revenue pass through accounts 543,681 72,393 29,722 pass-through - most of these provide immediate-impact scholarships for students. In addition, some provide a vehicle for life insurance premium payments, and to record expenditures that will be directly reimbursed by non-charitable income.

Expenses: $544KGrants: $72K

Financials

FY 2024

Revenue

Contributions & grants$5.6M
Program service revenue$111K
Investment income$4.6M
Other revenue$129K
Total revenue$10.5M

Expenses

Grants paid$869K
Salaries & benefits$166K
Fundraising$23K
Other expenses$2.5M
Total expenses$3.5M
Total assets$53.3M
Net assets$53.3M

People

34 listed

NameRoleCompensation

JOHN T SHORT JR

EXECUTIVE DI

Board

$3K

40 hrs/wk

SANDRA D ADAMS

IMMEDIATE PA

Board

2 hrs/wk

STEPHEN L BEAUREGARD

BOARD OF DIR

Board

2 hrs/wk

MAUREEN BREWER

BOARD OF DIR

Board

2 hrs/wk

LISA V BYRD

BOARD OF DIR

Board

2 hrs/wk

THOMAS CREAMER

BOARD OF DIR

Board

2 hrs/wk

ROSEMARY F FAGLER

BOARD OF DIR

Board

2 hrs/wk

GLADYS W FAHERTY

AT LARGE

Board

2 hrs/wk

RONALD G FORRESTER

BOARD OF DIR

Board

2 hrs/wk

PATRICK FRIEL

PRESIDENT

Board

10 hrs/wk

DONALD C FRY

BOARD OF DIR

Board

2 hrs/wk

GREGORY GETTY

ASSISTANT TR

Board

10 hrs/wk

MATTHEW GILMORE

AT LARGE

Board

2 hrs/wk

STEVEN N GLASBRENNER

BOARD OF DIR

Board

2 hrs/wk

TIMI M HADRA

VICE PRESIDE

Board

10 hrs/wk

ROBYN HAGER-SINE

BOARD OF DIR

Board

2 hrs/wk

ZACHARY T HEETER

BOARD OF DIR

Board

2 hrs/wk

DIANE HURD

BOARD OF DIR

Board

2 hrs/wk

KENNETH R COFFEY II

BOARD OF DIR

Board

2 hrs/wk

RAYMOND NELSON JR

BOARD OF DIR

Board

2 hrs/wk

JOSEPH W LAMBERT

BOARD OF DIR

Board

2 hrs/wk

A LESLIE LUDWIG

AT LARGE

Board

2 hrs/wk

KRISTOFER T LYON

BOARD OF DIR

Board

2 hrs/wk

ALFRED E MARTIN

BOARD OF DIR

Board

2 hrs/wk

ESTELLE MARTIN

BOARD OF DIR

Board

2 hrs/wk

JESSICA L MASSER

BOARD OF DIR

Board

2 hrs/wk

LAWRENCE MCKENZIE

TREASURER

Board

10 hrs/wk

MICHELE LM MUTSCHLER

BOARD OF DIR

Board

2 hrs/wk

DR BENJAMIN N NORRIS

BOARD OF DIR

Board

2 hrs/wk

ELIZABETH RHODES

SECRETARY

Board

10 hrs/wk

J STOKES

BOARD OF DIR

Board

2 hrs/wk

JASON SWEITZER

BOARD OF DIR

Board

2 hrs/wk

KATHRYN K WILLIAMS

BOARD OF DIR

Board

2 hrs/wk

ANTHONY P ZOOK

BOARD OF DIR

Board

2 hrs/wk

Grants received

Showing 70 of 70

FromAmountPurposeYear
$20K
PROVIDE SCHOLARSHIP FUNDING
2024
$14K
GENERAL SUPPORT AND VARIOUS PROJECTS
2024
$7K
ARTS & HISTORICAL PRESERVATION
2024
$6K
SCHOLARSHIPS
2024
$6K
SCHOLARSHIPS
2024
$5K
MLK NATIONAL DAY OF SERVICE
2024
$575
GENERAL OPERATING PURPOSE
2024
$50
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2024
$97K
For grant recipient's exempt purposes
2023
$20K
PROVIDE SCHOLARSHIP FUNDING
2023
$17K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$14K
GENERAL SUPPORT AND VARIOUS PROJECTS
2023
$11K
CHARITABLE DONATION
2023
$7K
GENERAL SUPPORT
2023
$6K
ARTS & HISTORICAL PRESERVATION
2023
$5K
OPERATIONS
2023
$855
GENERAL OPERATING PURPOSE
2023
$300
OTHER CIVIC / COMMUNITY
2023
$275
contribution to support scholarship fund
2023
$250
TO FURTHER EXEMPT PURPOSE
2023
$160
MATCHING GIFTS
2023
$23K
For grant recipient's exempt purposes
2022
$22K
PROVIDE SCHOLARSHIP FUNDING
2022
$19K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$14K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
$6K
CHARITABLE DONATION
2022
$2K
EDUCATION
2022
$2K
EDUCATION
2022
$2K
EDUCATION
2022
$700
MATCHING GIFTS
2022
$500
GENERAL OPERATING PURPOSES
2022
$300
MIP PAYOUT FOR 12/02/22
2022
$160
CHARITABLE PURPOSE
2022
$160
CHARITABLE PURPOSE
2022
$160
CHARITABLE PURPOSE
2022
$160
CHARITABLE PURPOSE
2022
$50
GENERAL OPERATING GRANTS & MATCHING GIFTS.
2022
$50
VOLUNTEER PROGRAM
2022
$30K
For recipient's exempt purpose
2021
$27K
For grant recipient's exempt purposes
2021
$27K
For grant recipient's exempt purposes
2021
$22K
PROVIDE SCHOLARSHIP FUNDING
2021
$8K
CHARITABLE DONATION
2021
$5K
OPERATIONS
2021
$500
OPERATIONAL SUPPORT
2021
$34K
For grant recipient's exempt purposes
2020
$22K
PROVIDE SCHOLARSHIP FUNDING
2020
$13K
GENERAL SUPPORT
2020
$11K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$8K
GENERAL FUND
2020
$2K
MIP PAYOUT FOR 11/09/20
2020
$500
GENERAL OPERATING PURPOSES
2020
$300
MIP PAYOUT FOR 10/06/20
2020
$19K
PROVIDE SCHOLARSHIP FUNDING
2019
$18K
For grant recipient's exempt purposes
2019
$5K
Education
2019
$5K
GENERAL DONATION
2019
$9K
SCHOLARSHIPS
2018
$6K
For grant recipient's exempt purposes
2018
$1K
Maryland Symphony Orchestra Program
2018

Funded by

$701K from 28 funders · 70 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$232K · 7 grants · 2018–2023

The Loats Foundation Inc

$125K · 6 grants · 2019–2024

Vanguard Charitable Endowment Program

$77K · 4 grants · 2020–2023

Baltimore Community Foundation Inc

$42K · 3 grants · 2022–2024

American Online Giving Foundation Inc

$32K · 2 grants · 2023–2024

Donor Advised Charitable Giving Inc

$28K · 2 grants · 2022–2023

National Collegiate Athletic Association

$27K · 2 grants · 2022–2023

Charities Aid Foundation America

$25K · 3 grants · 2021–2023

Details

EIN237120883
NTEE codeB43I
Subsection03
Ruling date1971-07
Formed1971
Employees4
Volunteers34
FROSTBURG STATE UNIVERSITY FOUNDATION — Mission, Financials & Grants Received | Grantivo