Prince George's Financial Services Corporation
PRINCE GEORGE'S FINANCIAL SERVICES, known on its website as FSC First, is a public charity based in Largo, Maryland. Founded in 1978 in Prince George’s County, it provides financing and related services to small businesses; its 2025 filing also reports grants to Maryland recipients.
Key facts about Prince George's Financial Services Corporation
In short: Prince George's Financial Services Corporation gave $866K across 79 grants in 2025 (avg $11K), mostly in Maryland. 89% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 52-1305988
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $866,045
- Grants made (2025)
- 79
- Average grant
- $10,963
- Median grant
- $10,000
- New grantees (estimate)
- 89% first-time grantees (68 of 76, 2025)
- Total assets
- $12,100,102
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
- How to apply
- For the Small Business Capital and Growth Stimulus Fund Tech Grant, the website says applicants must complete Parts 1 and 2 of the application. Full details ↓
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$12.1M
-10.7% YoY
Annual Giving
$866K
+5.6% YoY
Grant Count
79
-3.7% YoY
Avg Grant Size
$11K
+9.6% YoY
Is Prince George's Financial Services Corporation open to new grantees?
89%
first-time grantees, 2025
In 2025, 68 of 76 grantees (89%) were first-time recipients. First grants averaged $12K; repeat grants $10K. How we count
Medians: $10K first-time, $10K repeat.
- 8% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
In its 2024 filing, the organization said its principal objective is to provide financing solutions that help small businesses grow the local economy and strengthen communities. Its website describes a mission of providing business financing solutions to established and emerging businesses in Maryland and administering loan programs intended to stimulate local economic growth.
The website lists financing for commercial real estate, equipment, working capital, and business expansion, among other purposes. Its Small Business Capital and Growth Stimulus Fund Tech Grant is for qualifying technology companies and startups seeking to expand, build capacity, retain businesses, or create or retain jobs.
The 2025 grants include support for organizations with varied missions. For example, Bi-County Business Roundtable says it provides training and networking opportunities. Bowie Business Innovation Center says it works to accelerate company growth, innovation, and job generation through counseling, mentoring, networking, and access to facilities. Prince Georges Chamber of Commerce says its mission is to preserve the competitive free enterprise system in the county. Destiny Power & Purpose says it helps people break cycles of repeated drug use and incarceration through empowerment.
Grantmaking
In 2025, the filing reports 79 grants totaling $866,045. Grant amounts ranged from $7,050 to $100,000, with a median of $10,000. Listed grant purposes include the Small Business Community Growth Stimulus Funds Grant and Purple Line.
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Geographic Focus
Where this funder awards grants
The organization’s website describes its financing work as serving businesses in Maryland, with a particular history of service in Prince George’s County. The 2025 filing reports that 100% of grant dollars went to recipients in Maryland.
Grant Distribution by State
Share of 2025 grant dollars across all 79 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $820K (2024) to $905K (2021). In 2025 it made 79 grants totaling $866K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Fresh Green Corp ($100K). Together the top 10 received $230K.
Grant Size Distribution
306 grants across all recorded years
The most common grant size was under $50K: 305 grants of 306 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fresh Green Corp Bowie, MD | Small Business Community Growth Stimulus Funds Grant | $100,000 |
| Bi-County Business Roundtable Mitchellville, MD | Small Business Community Growth Stimulus Funds Grant | $22,245 |
| Bowie Business Innovation Center Bowie, MD | Small Business Community Growth Stimulus Funds Grant | $16,500 |
| Prince George's Chamber of Commerce Lanham, MD | Small Business Community Growth Stimulus Funds Grant | $15,000 |
| Town of Bladensburg Bladensburg, MD | Small Business Community Growth Stimulus Funds Grant | $11,250 |
| Jr Wireless Accessories Hyattsville, MD | Purple Line | $10,000 |
| BD Convenience LLC Hyattsville, MD | Purple Line | $10,000 |
| Fovo Fahion Lab LLC Hyattsville, MD | Purple Line | $10,000 |
| Umoren Dental Services PC Adelphi, MD | Purple Line | $10,000 |
| Esther's Alteration and Tailoring Riverdale, MD | Purple Line | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants reported |
|---|---|---|---|---|
| 2025 | $12,100,102 | $4,620,994 | $4,580,755 | $866,045 (79 grants) |
| 2024 | $13,548,802 | $4,985,796 | $4,603,349 | $820,000 (82 grants) |
| 2023 | $8,799,436 | $3,279,015 | $2,923,950 | 0 grants |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $12,100,102 | $13,548,802 | $8,799,436 |
| Revenue | $4,620,994 | $4,985,796 | $3,279,015 |
| Expenses | $4,580,755 | $4,603,349 | $2,923,950 |
| Net Investment Income | $99,267 | $34,288 | $15,839 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Added Form 990 for fiscal year 2019 (received by the IRS July 15, 2020)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Shanton Kittler as chair, Greg Bedward as vice chair, Terrence A. Beverly as treasurer, and Valarie Dock as secretary. Directors listed are QC Jones, Warren Burris, Cassius Priestly, Simone C. Johnson, Sonja Wells, and Kelly Vaughn.
Prince George's Financial Services Corporation is led by Dawn R. Medley, President & CEO since 2025 (on filings since 2019); 6 of 24 officers listed in 2025 are compensated.
Officers on the 2025 filing
Dawn R. Medley
President & CEO
Senior Vice President Business Finance → Presedent & Ceo- -Current, 2023
Presedent & Ceo- -Current → President & CEO, 2025
On filings since 2019
40 hrs/week
$134K (2019) → $209K (2025)
Shanton S. Kittler
Chair
Director → Vice Chair, 2023
Vice Chair → Chair, 2025
On filings since 2019
5 hrs/week
No compensation reported
Angie Rogers
Director
Director - Non-Voting → Director, 2024
On filings since 2023
2 hrs/week
No compensation reported
Qc Jones
Director
On filings since 2023
2 hrs/week
No compensation reported
Simone C. Johnson
Director
Director - Non-Voting → Director, 2024
On filings since 2023
2 hrs/week
No compensation reported
Sonja Wells
Director
On filings since 2023
2 hrs/week
No compensation reported
Warren Burris
Director
Director - Non-Voting → Director, 2024
On filings since 2023
2 hrs/week
No compensation reported
Annette Johnson
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Cassius Priestly
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Deon Norris
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Kelly Vaughn
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Marcus N. Daniels
Director
New on the 2025 filing
2 hrs/week
No compensation reported
N. Gordon Knox
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Pam Scott
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Peter C. Gibbs
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Steven R. Carpenter
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Beverly Everson-Jones
Chief Financial & Operational Officer
CFO → Chief Financial & Operational Officer, 2025
On filings since 2021
40 hrs/week
$128K (2021) → $187K (2025)
James Steward Smith
Vice President - Business Development
Vice President- Business Development → Vice President - Business Development, 2025
On filings since 2023
40 hrs/week
$115K (2023) → $129K (2025)
Andrea Schauer
Senior Loan Underwriter
On filings since 2024
40 hrs/week
$128K (2024) → $113K (2025)
Dipti Patel
Vice President - Business Finance
Vice President- Business Finance → Vice President - Business Finance, 2025
On filings since 2024
40 hrs/week
$161K (2024) → $139K (2025)
Kathy Morant
Senior Portfolio Manager
S. Portfolio Manager → Senior Portfolio Manager, 2025
On filings since 2024
40 hrs/week
$134K (2024) → $114K (2025)
Terrence A. Beverly
Treasurer
Director → Treasurer, 2021
On filings since 2020
4 hrs/week
No compensation reported
Valarie Dock
Secretary
Director → Secretary, 2025
On filings since 2021
2 hrs/week
No compensation reported
Greg Bedward
Vice Chair
Director → Secretary, 2024
Secretary → Vice Chair, 2025
On filings since 2023
4 hrs/week
No compensation reported
Former officers (14)
- Former: Garrett Jackson (2019–2024) — Director
- Former: John Hale III (2019–2024) — Chair
- Former: Peter Sorge (2019–2024) — Chairman Emeritus Non-Voting
- Former: Diane Brown (2019–2023) — Director
- Former: Mirinda D. Jackson (2019–2023) — Director
- Former: Shelly M. Gross-Wade (2019–2023) — Presedent & Ceo- -
- Former: John Halley (2021–2023) — Secretary
- Former: Eben Smith (2019–2022) — Secretary
- Former: Kenneth L. White (2019–2022) — Director
- Former: Andrea C. Harrison (2020–2022) — Director
- Former: Kiesha Haughton (2019–2020) — Director
- Former: Maurice D. Walker (2019–2020) — Treasurer
- Former: Ken Kelly (2020) — Director
- Former: Edward Tuvin (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $209K, to Dawn R Medley (President & CEO). 6 officers or directors reported compensation on that filing.
Contact
Mailing address: 1801 Mccormick Drive Suite 300, Largo, MD 20774
Phone: (301) 883-6900
Website: https://fscfirst.com
Frequently asked questions about Prince George's Financial Services Corporation
How much does Prince George's Financial Services Corporation give each year?
Prince George's Financial Services Corporation gave $866K across 79 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $820K across 82 grants.
What is Prince George's Financial Services Corporation's typical grant size?
Prince George's Financial Services Corporation's median grant in 2025 was $10,000, and its average grant was $10,963, across 79 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Prince George's Financial Services Corporation that year got $12K on average.
Where does Prince George's Financial Services Corporation give grants?
Prince George's Financial Services Corporation gives mostly in Maryland: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Hyattsville, MD (16 grants), Upper Marlboro, MD (11 grants), Lanham, MD (7 grants) and Bowie, MD (6 grants).
Does Prince George's Financial Services Corporation give general operating support?
Not in 2025: none of the 79 grants with a stated purpose on Prince George's Financial Services Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Small Business Community Growth Stimulus Funds Grant" (62 grants) and "Purple Line" (17 grants).
Who are Prince George's Financial Services Corporation's largest grantees?
Prince George's Financial Services Corporation's largest 2025 grantees include Fresh Green Corp ($100,000), Bi-County Business Roundtable ($22,245) and Bowie Business Innovation Center ($16,500), according to its 2025 IRS Form 990. Together they received 16% of its itemized 2025 grant dollars.
How large is Prince George's Financial Services Corporation?
Prince George's Financial Services Corporation reported $12.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.6M.
What does Prince George's Financial Services Corporation fund?
In its 2024 filing, the organization said its principal objective is to provide financing solutions that help small businesses grow the local economy and strengthen communities. See mission & focus areas ↑
How do I apply for a grant from Prince George's Financial Services Corporation?
For the Small Business Capital and Growth Stimulus Fund Tech Grant, the website says applicants must complete Parts 1 and 2 of the application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Prince George's Financial Services Corporation's EIN?
Prince George's Financial Services Corporation's EIN (Employer Identification Number) is 52-1305988. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Prince George's Financial Services Corporation by hand.
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