The John G & Jean R Gosnell Foundation Inc
- Assets
- $11.5m
- Revenue
- $848.7k
- Investments
- $9.7m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 04/1997
- Data as of
- 10/2023
- EIN
- 54-1829618
Organization Overview
The John G & Jean R Gosnell Foundation Inc is located in Chevy Chase, MD. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John G & Jean R Gosnell Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, John G & Jean R Gosnell Foundation Inc generated $848.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $1.2m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John G & Jean R Gosnell Foundation Inc has awarded 246 individual grants totaling $5,942,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Gosnell Brown President | 5 | $0 | |
Teresa Gosnell Doggett Chairman | 3 | $0 | |
William T Doggett Secretary | 3 | $0 | |
Britton Gosnell Brown Treasurer | 3 | $0 | |
Kristin Hagedorn Doggett Director | 2 | $0 | |
Katherine Hollingsworth Gelatt VP & Treasurer (thru 11/1/22) | 0.05 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intentional Philanthropy Llc | 10/30/23 | $79,944 |
Janney Montgomery Scott Llc | 10/30/23 | $58,233 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37,638 |
| Dividends & Interest | $428,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $296,029 |
| Capital Gain Net Income | $296,029 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86,052 |
| Total Revenue | $848,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,726 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,554 |
| Printing and publications | $0 |
| Other expenses | $22,257 |
| Total operating and administrative expenses | $207,039 |
| Contributions, gifts, grants paid | $1,035,000 |
| Total expenses and disbursements | $1,242,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,787,790 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,661,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,511,790 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The John G & Jean R Gosnell Foundation Inc has awarded $1,035,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE FERGUSON FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
ANACOSTIA WATERSHED SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
CENTRONA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
CHESAPEAKE CONSERVANCY INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ASHLEY HALL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT FOR HORIZONS | $40,000 |
CITY BLOSSOMS PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |