2013-01-14T09:45:02-06:00 2012-06-30 341876254 CBIZ MHM LLC 28614 MARLBORO AVE SUITE 103 EASTON MD 21601 990 2011-07-01 521782373 MID SHORE COMMUNITY FOUNDATION INC MIDS 4108208175 102 E DOVER STREET EASTON MD 21601 STUART BOUNDS 4108208175 2012-12-04 1 JOANNE CROWDER P00040848 4108226950 2011 2016-03-07 17:11:31Z STUART BOUNDS 102 E DOVER STREET EASTON MD 21601 9499852 0 X WWW.MSCF.ORG X 1992 MD THE FOUNDATION PROVIDES GRANTS TO MID-SHORE RECIPIENTS. 24 24 9 50 0 0 3781411 4252576 0 0 756500 924145 -31290 -22650 4506621 5154071 1344939 1089144 0 0 265684 337663 0 0 53730 600427 714984 2211050 2141791 2295571 3012280 38636071 41109757 3882395 3575192 34753676 37534565 X THE FOUNDATION CONNECTS PRIVATE RESOURCES WITH PUBLIC NEEDS TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF CAROLINE, DORCHESTER, KENT, QUEEN ANNE'S AND TALBOT COUNTIES, MARYLAND. 0 0 616282 616282 EDUCATION - COLLEGE SCHOLARSHIPS FOR NEEDY AND DESERVING STUDENTS.ALSO SUPPORT FOR MID-SHORE INDEPENDENT SCHOOLS AND PUBLICLIBRARIES. 164281 164281 YOUTH DEVELOPMENT - SUPPORT OF YOUTH SPORTS, ARTS PROGRAMS, SUMMERCAMPS, MENTORING PROGRAMS, SCHOOL FIELD TRIPS AND EXTRACURRICULAROPPORTUNITIES. 235249 235249 ARTS/CULTURE - SUPPORT OF LOCAL ARTS AND CULTURE PROGRAMMING 5186 3179 ALL OTHER GRANTS AND EXPENSES 115734 115734 HUMAN SERVICES 88287 88287 HEALTH & DISABILITY 59161 59161 ENVIRONMENT HISTORIC PRESERVATION 25438 25438 COMMUNITY DEVELOPMENT 43460 FUND EXPENSES - CHARACTER COUNTS KENT COUNTY 55032 FUND EXPENSES - CHESAPEAKE FILM FESTIVAL 31833 FUND EXPENSES - EVENTFUL GIVING 23799 FUND EXPENSES - WOMEN & GIRLS FUND 37417 FUND EXPENSES - TALBOT INTERFAITH SHELTER 50205 FUND EXPENSES - FREEDOM ROWERS 19160 19160 ANIMAL WELFARE 554712 310959 1570524 1 1 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 36 0 1 9 1 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X HEATHER MOORE 4108208175 102 E DOVER STREET EASTON MD 21601 W MOORHEAD VERMILYE 2.00 X X 0 0 0 JOHN W DILLON 2.00 X X 0 0 0 DAVID B NAGEL 2.00 X X 0 0 0 BRETT SUMMERS 1.00 X X 0 0 0 JOSEPH M ANTHONY 1.00 X 0 0 0 LLOYD L SCOTT BEATTY JR 1.00 X 0 0 0 E JEAN ANTHONY 1.00 X 0 0 0 ELIZABETH BRICE 1.00 X 0 0 0 ARTHUR B CECIL III 1.00 X 0 0 0 DERRICK W DALEY 1.00 X 0 0 0 ALICE R RYAN 1.00 X 0 0 0 WAYNE HOWARD 1.00 X 0 0 0 CARLA LYNN KNIGHT 1.00 X 0 0 0 NEIL LECOMPTE 1.00 X 0 0 0 WILLIAM W SANDY MCALLISTER 1.00 X 0 0 0 JOHN MCGINNIS 1.00 X 0 0 0 KEITH A MCMAHAN 1.00 X 0 0 0 R MICHAEL S MENZIES SR 1.00 X 0 0 0 MARGARET K RIEHL 1.00 X 0 0 0 HUBERT WRIGHT 1.00 X 0 0 0 DR BARBARA A VINIAR 1.00 X 0 0 0 MARK M FREESTATE 1.00 X 0 0 0 WIN TRICE 1.00 X 0 0 0 JOHN A LEWIS 1.00 X 0 0 0 STUART M BOUNDS 40.00 X 91200 0 22579 91200 0 22579 0 0 0 0 0 4252576 116968 4252576 760918 760918 18900 40842 -21942 -21942 -21942 4468166 4304939 163227 163227 163227 LOSS - SALE OF FIXED A 900099 -708 -708 -708 5154071 0 0 901495 1072286 1072286 9164 9164 7694 7694 246824 213864 32960 35719 30821 4898 33650 31263 2387 21470 18948 2522 7333 7333 4320 4320 22485 22485 54249 54249 3072 3072 14310 9539 4771 15651 14507 1144 22053 22053 40842 40842 2205 1323 882 8201 8201 2998 2998 FUND EXPENSES 243753 243753 GRANTS ACCRUED 237627 237627 DUES/SUBSCRIPTIONS/MEMB 11084 9733 1351 SEMINARS/EVENTS/CATERIN 9083 8175 908 15718 13811 1907 2141791 1570524 517537 53730 159612 155517 1071680 1292429 20350 0 37686 684481 10002 1803311 342465 1495616 1460846 30122779 33605864 5728348 3900618 38636071 41109757 37130 90117 354434 627511 3490831 2857564 3882395 3575192 X 6016956 5169889 3842981 3955584 24893739 28409092 34753676 37534565 38636071 41109757 X 3012280 -231391 X 0 1 1 X 0 X 1957291 1300661 1197194 3781411 4252576 12489133 1957291 1300661 1197194 3781411 4252576 12489133 679453 11809680 1320342 866704 667756 637239 779818 4271859 16760992 0.70460 0.54490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48 142 3541030 711546 304134 1022637 16373799 21160766 1 1 31194458 3990984 311930 521944 77135 34898293 26386995 275275 5610820 1013013 65619 31194458 23733667 220063 3135236 643015 58956 26386995 28533269 444511 -4349650 827296 67167 23733667 0.05000 0.85000 0.10000 0 0 391268 391268 1284096 250121 1033975 103969 82451 21518 23978 9893 14085 1460846 RECEIVABLE FROM ESTATES 3450402 DUE FROM CHARITABLE REM TRUST 439271 CASH VALUE OF LIFE INSURANCE 10945 3900618 CHARITABLE GIFT ANNUITY OBLIGA 1012888 AGENCY PAYABLES 1844676 2857564 5154071 2141791 3012280 -633376 487869 -85884 -231391 2780889 4421402 -633377 -45042 -678419 5099821 54249 1 54250 5154071 2128382 40842 40842 2087540 54249 2 54251 2141791 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FASB ASC 740-10 REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -75,200. CHANGE IN CHARITABLE REMAINDER TRUST RECEIVABLE -10,684. TOTAL TO SCHEDULE D, PART XI, LINE 8: -85,884. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPLIT-INTEREST AGREEMENTS - CHANGE IN VALUE -85,884. RENTAL EXPENSES - 50% OF BULLITT HOUSE 40,842. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES - 50% OF BULLITT HOUSE 40,842. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 2. 0 0 0 0 0 0 0 0 0 0 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 7694 CHECK 0 0 0 0 0 0 1 SEE ATTACHED LIST - CASH BASIS GRANTS PAID DURING THE YEAR 1044183 SEE ATTACHED LIST GRANTS PAID - LESS THAN 5000 - CASH BASIS 28103 SEE ATTACHEDLISTSEE ATTACHED LIST 70 SCHOLARSHIPS - CASH BASIS - PAID DURING FISCAL YEAR 17 9164 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GENERAL INFORMATION ON GRANTS SCHEDULE I - PART I - LINE 2 THE FOUNDATION REQUESTS REPORTS ON GRANTS BE SUBMITTED WITHIN 12 MONTHS OF THE GRANT. IN ADDITION FOUNDATION REPRESENTATIVES MAKE PERIODIC SITE VISITS TO THE RECIPIENT ORGANIZATION. X 0 1 X X X 0 0 0 0 0 0 0 0 0 PART I, LINE 1B THE FOUNDATION PAYS FOR THE COUNTRY CLUB DUES OF THE FOUNDATION'S PRESIDENT. AMONG HIS LIST OF RESPONSIBILITIES IS TO PROMOTE THE FOUNDATION AND WORK TO SOLICIT CHARITABLE CONTRIBUTIONS FOR THE FOUNDATION. THE COUNTRY CLUB MEMBERSHIP IS CONSIDERED AN EFFECTIVE WAY TO ASSIST IN THE ACCOMPLISHMENT OF THESE OBJECTIVES. SUPPLEMENTAL INFORMATION PART III STUART M. BOUNDS X 6 116968 FAIR MARKET VALUE X 1 504000 APPRAISAL - FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE FORM 990, A COPY IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR INSPECTION. THE BOARD CONSISTS OF SEVERAL MEMBERS WHO ARE CERTIFIED PUBLIC ACCOUNTANTS AND LAWYERS WHO ARE FAMILIAR WITH THE FILING REQUIREMENTS OF THE FOUNDATION. IN ADDITION THE FORM 990 IS ALSO PROVIDED TO TWO COMMITTEES OF THE BOARD FOR THEIR REVIEW OF THE INFORMATION. THE TWO COMMITTES ARE THE EXECUTIVE COMMITTEE AND THE FINANCE COMMITTEE. BEFORE FILING THE DOCUMENT THE EXECUTIVE COMMITTEE WILL VOTE THAT IT BE ACCEPTED AND APPROVED FOR SUBMISSION. CONFLICT OF INTEREST POLICY - MONITORING PART VI - SECTION B - LINE 12C MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS PRESENTED TO EACH NEW BOARD MEMBER FOR SIGNATURE AT THEIR ORIENTATION. A FOLDER OF SIGNED STATEMENT IS MAINTAINED AND REVIEWED ANNUALLY TO CONFORM COMPLIANCE BY EACH BOARD MEMBER. THE STATEMENT INCLUDES A REQUIREMENT THAT THE BOARD MEMBER ALERT THE FOUNDATION OF ANY CHANGES THAT MAY OCCUR WHILE THEY ARE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ESTABLISHES A SUGGESTED COMPENSATION PACKAGE FOR THE KEY EMPLOYEES. THE BASIS FOR STRUCTURING THE COMPENSATION REVOLVES AROUND INFROMATION AVAILABLE FROM OTHER LOCAL NOT-FOR-PROFIT ORGANIZATIONS WHICH BOARD MEMBERS MAY BE FAMILIAR WITH ALONG WITH THE BUDGETARY GUIDELINES TO WHICH THE FOUNDATION ADHERES. THE EXECUTIVE COMMITTEE COMPENSATION RECOMMENDATION IS THEN APPROVED BY THE FOUNDATION BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLC. THESE DOCUMENTS ARE AVAILABLE ON THE WEBSITE OR UPON REQUEST. THE EXECUTIVE COMMITTEE ESTABLISHES A SUGGESTED COMPENSATION PACKAGE FOR THE KEY EMPLOYEES. THE BASIS FOR STRUCTURING THE COMPENSATION REVOLVES AROUND INFORMATION AVAILABLE FROM OTHER LOCAL NOT-FOR-PROFIT ORGANIZATIONS WHICH BOARD MEMBERS MAY BE FAMILIAR WITH ALONG WITH THE BUDGETARY GUIDELINES TO WHICH THE FOUNDATION ADHERES. THE EXECUTIVE COMMITTEE COMPENSATION RECOMMENDATION IS THEN APPROVED BY THE FOUNDATION BOARD. THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTE AND EXECUTIVE COMMITTEE. THE DOCUMENT IS AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS AND THE GENERAL PUBLIC ON THE ORGANIZATION'S WEBSITE. A CONFLICT OF INTEREST STATEMENT IS PRESENTED TO EACH NEW BOARD MEMBER FOR SIGNATURE AT THEIR ORIENTATION. A FOLDER OF SIGNED STATEMENTS IS MAINTAINED AND REVIEWED ANNUALLY TO CONFIRM COMPLIANCE BY EACH BOARD MEMBER. THE STATEMENT INCLUDES A REQUIREMENT THAT THE BOARD MEMBER ALERT THE FOUNDATION OF ANY CHANGES THAT MAY OCCUR WHILE THEY ARE BOARD MEMBERS. DISCLOSURE - AVAILABILITY TO PUBLIC - PART VI - SECTION C - DISCLOSURE - LINE 19 WEBSITE OR UPON REQUEST. POLICIES - COMPENSATION DETERMINATION PART VI - SECTION B - ITEM 15 BOARD. GOVERNING BODY REVIEW OF 990 PART VI - SECTION B - POLICIES - 11A THE GENERAL PUBLIC ON THE ORGANIZATION'S WEBSITE. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII STUART M. BOUNDS - 102 E DOVER STREET, EASTON, MD 21601. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -633,376. PRIOR PERIOD ADJUSTMENTS: 487,869. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -75,200. CHANGE IN CHARITABLE REMAINDER TRUST RECEIVABLE -10,684. TOTAL TO FORM 990, PART XI, LINE 5: -231,391. PRIOR PERIOD ADJUSTMENT FORM 990 - PART XI - LINE 5 AND SCHEDULE D - PART XI - LINE 7 A PRIOR PERIOD ADJUSTMENT IN THE AMOUNT OF $487,869 IS SHOWN IN THE FOLLOWING PARTS OF FORM 990. PART XI - RECONCILIATION OF NET ASSETS - AS A COMPONENTOF LINE 5 - OTHER CHANGES IN NET ASSETS ($231,391). SCHEDULE D - PART XI - RECONCILIATION OF CHANGE IN NET ASSETS FROM FORM 990 TO AUDITED FINANCIAL STATEMENTS - LINE 7 - PRIOR PERIOD ADJUSTMENTS. THIS ADJUSTMENT IS RELATED TO THE RECLASSIFICATION OF PREVIOUSLY REPORTED AGENCY PAYABLES TO NET ASSETS. ADDITIONAL ANALYSIS OF AGREEMENTS ASSOCIATED WITH THE FUNDS BEING HELD BY THE FOUNDATION RESULTED IN THE CONCLUSION THAT THE FOUNDATION WAS THE RIGHTFUL OWNER OF THE FUNDS. THE AUDITED FINANCIAL STATEMENTS OF THE FOUNDATION REPORTED THIS RECLASSIFICATION AS AN INCREASE IN THE CHANGE IN NET ASSETS FOR THE FISCAL YEAR ENDED JUNE 30, 2011 IN THE AMOUNT OF $53,174. THE CHANGE PRIMARILY CONSISTED OF AN INCREASE IN INVESTMENT INCOME ($99,903) AND AN INCREASE IN GRANTS PAID ($47,738). THE AUDITED FINANCIAL STATEMENTS ALSO SHOWED A PRIOR PERIOD ADJUSTMENT OF $434,695. THIS ADJUSTMENT RELATES TO THE PORTION OF THE $487,869 WHICH RELATES TO THE RECLASSIFICATION WHICH IS ASSOCIATED WITH THE TIME PERIOD PRIOR TO THE FISCAL YEAR ENDED JUNE 30, 2011.