Frostburg State University Foundat
Frostburg State University Foundat reported $10.5 million in revenue and $3.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.70 went to program services, $11.66 to management and general costs and $0.64 to fundraising. Its largest source of revenue was contributions and grants: 53.8% of the total. The highest compensation it reported for one person was $337,126 (EXECUTIVE DI). Revenue rose 182% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $3.5MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 53.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $337,126 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.62% | 1.28% |
| People paid over $100,000 Part VII, line 2 | Not reported | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 182.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 34 of 34 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseAthletic - these provide support for the university athletics program
Endowment - these provide support for student scholarships and program support
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b34 · 34 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54
- Volunteers Part I, line 634
Private foundation grants it received
11 private foundations reported grants to Frostburg State University Foundat totaling $58,788 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Frostburg State University Foundat's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Frostburg State University Foundat, you can publish a response that is linked from this page.
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Of every $100 Frostburg State University Foundat spent in FY2025, $87.70 went to programs. The full breakdown, from its IRS Form 990:
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- Energized for Excellence AcademyHouston, TX · revenue $10M · programs 79.0% · FY2025
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Questions people ask
How much of Frostburg State University Foundat's spending goes to programs?
In the fiscal year ending June 30, 2025, Frostburg State University Foundat reported that 87.7% of its $3.5 million in expenses went to program services, 11.7% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does Frostburg State University Foundat pay its top executive?
The largest total compensation Frostburg State University Foundat reported for one person in the fiscal year ending June 30, 2025 was $337,126, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Frostburg State University Foundat get its money?
Of $10.5 million in revenue in the fiscal year ending June 30, 2025, 53.8% came from contributions and grants and 1.1% from program service revenue (Form 990, Part VIII).
Is Frostburg State University Foundat a registered charity?
The IRS lists EIN 23-7120883 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202532809349300408 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202402989349300205 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202342909349300509 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022 (amended), object 202311939349300016 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202341939349300904 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202002979349300905 · read the filing
All filings for EIN 23-7120883: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.