Eaglebank Foundation Inc
- Assets
- $114.2k
- Revenue
- $286.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 92-0195178
Organization Overview
Eaglebank Foundation Inc is located in Potomac, MD. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public 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. Eaglebank 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 12/2021, Eaglebank Foundation Inc generated $286.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $250.2k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Eaglebank Foundation Inc has awarded 88 individual grants totaling $1,806,200. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO RAISE MONEY FOR OTHER 501(C)(3) ENTITIES THAT PROVIDE SERVICES TO THOSE SUFFERING FROM CANCER, WITH AN EMPHASIS ON ORGANIZATIONS THAT SERVE BREAST CANCER PATIENTS AND THEIR FAMILIES, AS WELL AS OTHER ORGANIZATIONS THAT SHARE EAGLEBANK FOUNDATION'S VALUES. NEVERTHELESS, THE FOUNDATION ONLY MAKES CONTRIBUTIONS TO 501(C)(3) ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO LOCAL HOSPITALS AND CANCER RESEARCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sindy Rogers Secretary | OfficerTrustee | 1 | $0 |
Sharon Gubinsky Treasurer | OfficerTrustee | 5 | $0 |
Donald Rogers Chairman | OfficerTrustee | 3 | $0 |
Andrew Bridge Vice President | OfficerTrustee | 3 | $0 |
Susan Riel Board Director | Trustee | 1 | $0 |
Ryan Riel Board Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $347,299 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,299 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$61,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $286,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92 |
| Fees for services: Accounting | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,480 |
| Information technology | $377 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,226 |
| All other expenses | $0 |
| Total functional expenses | $250,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,954 |
| Savings and temporary cash investments | $50,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,246 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $112,246 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $114,246 |
Grants Awarded
Over the last fiscal year, Eaglebank Foundation Inc has awarded $242,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: GENERAL FUND- FIGHT AGAINST BREAST CANCER | $30,000 |
Bethesda, MD PURPOSE: GENERAL FUND- FIGHT AGAINST BREAST CANCER | $25,000 |
Washington, DC PURPOSE: GENERAL FUND- FIGHT AGAINST BREAST CANCER | $25,000 |
Silver Spring, MD PURPOSE: GENERAL FUND- FIGHT AGAINST BREAST CANCER | $25,000 |
Gaithersburg, MD PURPOSE: GENERAL FUND- FIGHT AGAINST BREAST CANCER | $25,000 |
Silver Spring, MD PURPOSE: GENERAL FUND- FIGHT AGAINST BREAST CANCER | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eaglebank Foundation Inc has recieved totaling $10,650.
| Awarding Organization | Amount |
|---|---|
Ronald And Joy Paul Family Foundation Inc Potomac, MD PURPOSE: DONATION | $10,000 |
The Julius And Dorothy Lazarus Foundation Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |