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Independent College Fund Of Maryland Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$189k (2023)

Expenses
$168k (2023)

Total Assets
$409k (2023)

Total Liabilities
$16k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$189,067
Expenses
$167,817
Net Income
$21,250
Net Assets
$392,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $189,060
100.0%
Program Services $0
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $408,984
Total Liabilities $16,000
Net Assets $392,984
Compensation
Key Employees and Officers Compensation Related Other
Elliot Hirshman (President) $0 $0 $0
Bradford Sims (Secretary) $0 $0 $0
Andrea Chapdelaine (Treasurer) $0 $0 $0
Matthew Power (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,973
Expenses
$179,979
Net Income
-$48,006
Net Assets
$358,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,965
100.0%
Program Services $0
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $358,767
Total Liabilities $0
Net Assets $358,767
Compensation
Key Employees and Officers Compensation Related Other
Elliot Hirshman (President) $0 $0 $0
Bradford Sims (Secretary) $0 $0 $0
Andrea Chapdelaine (Treasurer) $0 $0 $0
Sara Fidler (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$321,387
Expenses
$313,366
Net Income
$8,021
Net Assets
$468,636
Notable Sources of Revenue Percent of Total Revenue
Contributions $321,372
100.0%
Program Services $0
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $498,636
Total Liabilities $30,000
Net Assets $468,636
Compensation
Key Employees and Officers Compensation Related Other
Elliot Hirshman (President) $0 $0 $0
Bradford Sims (Secretary) $0 $0 $0
Roger Casey (Treasurer (Through September 2020)) $0 $0 $0
Peter Pano Kanelos (Treasurer (September 2020 Through June 2021)) $0 $0 $0
Sara Fidler (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$300,499
Expenses
$258,148
Net Income
$42,351
Net Assets
$398,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $300,272
99.9%
Program Services $0
Investment Income $227
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $423,505
Total Liabilities $25,000
Net Assets $398,505
Compensation
Key Employees and Officers Compensation Related Other
Weymouth Spence (President (Through Dec 2019)) $0 $0 $0
Elliot Hirshman Secretary To (Dec 2019), President (Start Jan 2020)) $0 $0 $0
Roger Casey (Treasurer) $0 $0 $0
Brad Sims (Secretary (Beginning Jan 2020)) $0 $0 $0
Sara Fidler (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$405,095
Expenses
$456,372
Net Income
-$51,277
Net Assets
$357,894
Notable Sources of Revenue Percent of Total Revenue
Contributions $405,065
100.0%
Program Services $0
Investment Income $30
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $377,894
Total Liabilities $20,000
Net Assets $357,894
Compensation
Key Employees and Officers Compensation Related Other
Weymouth Spence (President) $0 $0 $0
Roger Casey (Treasurer) $0 $0 $0
Elliot Hirshman (Secretary) $0 $0 $0
Tina Bjarekull (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$420,592
Expenses
$385,564
Net Income
$35,028
Net Assets
$407,790
Notable Sources of Revenue Percent of Total Revenue
Contributions $420,532
100.0%
Program Services $0
Investment Income $60
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $424,060
Total Liabilities $16,270
Net Assets $407,790
Compensation
Key Employees and Officers Compensation Related Other
Weymouth Spence (President) $0 $0 $0
Roger Casey (Treasurer) $0 $0 $0
Elliot Hirshman (Secretary) $0 $0 $0
Tina Bjarekull (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$322,691
Expenses
$322,282
Net Income
$409
Net Assets
$324,715
Notable Sources of Revenue Percent of Total Revenue
Contributions $322,645
100.0%
Program Services $0
Investment Income $46
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $344,715
Total Liabilities $20,000
Net Assets $324,715
Compensation
Key Employees and Officers Compensation Related Other
Kevin J Manning (Past President) $0 $0 $0
Christopher B Nelson (Treasurer) $0 $0 $0
Michael Wood (Secretary) $0 $0 $0
Weymouth Spence (President) $0 $0 $0
Tina Bjarekull (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$405,131
Expenses
$360,581
Net Income
$44,550
Net Assets
$308,922
Notable Sources of Revenue Percent of Total Revenue
Contributions $405,063
100.0%
Program Services $0
Investment Income $68
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $330,942
Total Liabilities $22,020
Net Assets $308,922
Compensation
Key Employees and Officers Compensation Related Other
Kevin J Manning (President) $0 $0 $0
Christopher B Nelson (Treasurer) $0 $0 $0
Michael Wood (Secretary) $0 $0 $0
Tina Bjarekull (Managing Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,183
Expenses
$114,648
Net Income
-$14,465
Net Assets
$291,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,135
100.0%
Program Services $0
Investment Income $48
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $291,426
Total Liabilities $0
Net Assets $291,426

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$465,840
Expenses
$484,237
Net Income
-$18,397
Net Assets
$305,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $467,177
> 100%
Program Services $0
Investment Income $119
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,456
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $55,589
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $561,956
Total Liabilities $256,065
Net Assets $305,891
Compensation
Key Employees and Officers Compensation Related Other
Lori Subotich (Former Executive Director) $50,248 $0 $5,519
Joy Beveridge (Director) $0 $0 $0
Tina Bjarekull (Director) $0 $0 $0
John Blair (Director) $0 $0 $0
Joan Coley (Director) $0 $0 $0
Gianna Arnold (Director) $0 $0 $0
Roger Casey (President) $0 $0 $0
Ronald Daniels (Director) $0 $0 $0
Harry Kleiser (Director) $0 $0 $0
Peter Keith (Director) $0 $0 $0
Rev Brian Linnane (Director) $0 $0 $0
Kevin J Manning (Director) $0 $0 $0
Joseph Dimaggio Jr (Director) $0 $0 $0
Eli Eisenberg (Director) $0 $0 $0
Christopher B Nelson (Treasurer) $0 $0 $0
Chris Newman (Director) $0 $0 $0
Harry O'mealia (Director) $0 $0 $0
Thomas H Powell (Secretary) $0 $0 $0
Mary Beth Lennon (Director) $0 $0 $0
Sean Sands (Director) $0 $0 $0
Patrick Saty (Director) $0 $0 $0
Mike Young (Director) $0 $0 $0
Marty Brunk (Director) $0 $0 $0
Dave Tartaglia (Director) $0 $0 $0
Cindy Thompson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$962,148
Expenses
$995,670
Net Income
-$33,522
Net Assets
$335,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $978,795
> 100%
Program Services $0
Investment Income $277
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$16,924
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $201,503
20.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $882,967
Total Liabilities $546,981
Net Assets $335,986

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,165,405
Expenses
$1,170,384
Net Income
-$4,979
Net Assets
$351,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,172,650
> 100%
Program Services $0
Investment Income $801
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$8,046
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,599
9.9%
Professional Fundraising Fees $0
Other Salaries and Wages $129,409
11.1%
Assets/Debt
Total Assets $980,612
Total Liabilities $628,828
Net Assets $351,784

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,060,429
Expenses
$1,090,974
Net Income
-$30,545
Net Assets
$344,762
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,058,013
99.8%
Program Services $0
Investment Income $1,781
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $635
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,940
11.1%
Professional Fundraising Fees $0
Other Salaries and Wages $123,017
11.3%
Assets/Debt
Total Assets $958,120
Total Liabilities $613,358
Net Assets $344,762

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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