John T Gorman Foundation
- Assets
- $247.6m
- Revenue
- $14.5m
- Investments
- $235.3m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 01-0498551
Organization Overview
John T Gorman Foundation is located in Portland, ME. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 T Gorman Foundation 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, John T Gorman Foundation generated $14.5m in total revenue. All expenses for the organization totaled $11.1m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 3 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 2020, John T Gorman Foundation has awarded 283 individual grants totaling $14,278,810. 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 |
|---|---|---|---|
Anthony Cipollone Ex Officio President, Ceo, & Director | 40 | $438,314 | |
Nicole Witherbee Chief Program Office | 40 | $242,350 | |
Michael Bevilacqua CFO | 40 | $241,750 | |
Jennifer Beck Senior Program Assoc | 40 | $122,659 | |
Alexis Mann Program Associate | 40 | $91,990 | |
Lisa Margulies Program Associate | 40 | $90,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/21 | $331,547 |
Northern Trust Company | 12/30/21 | $128,315 |
Griffin Consulting | 12/30/21 | $82,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $694,587 |
| Dividends & Interest | $1,964,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,797,796 |
| Capital Gain Net Income | $18,560,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,457,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $463,268 |
| Other employee salaries and wages | $1,093,668 |
| Pension plans, employee benefits | $251,351 |
| Interest | $0 |
| Taxes | $611,909 |
| Depreciation | $102,397 |
| Occupancy | $169,355 |
| Travel, conferences, and meetings | $2,820 |
| Printing and publications | $0 |
| Other expenses | $109,403 |
| Total operating and administrative expenses | $3,807,885 |
| Contributions, gifts, grants paid | $7,300,580 |
| Total expenses and disbursements | $11,108,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,119 |
| Savings and temporary cash investments | $9,991,333 |
| Net Accounts receivable | $581,027 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $545,588 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,325,865 |
| Net Land, buildings, and equipment | $418,216 |
| Other assets | $0 |
| Total assets | $247,615,876 |
| Accounts payable and accrued expenses | $767,918 |
| 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 | $1,253,974 |
| Total liabilities | $2,021,892 |
Grants Awarded
Over the last fiscal year, John T Gorman Foundation has awarded $7,300,580 in support to 151 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME PURPOSE: $500,000 FOR THE FOOD SECURITY HUB, $112,500 FOR GENERAL OPERATING SUPPORT | $612,500 |
UNITED WAY OF SOUTHERN MAINE PURPOSE: EARLY CHILDHOOD FUNDERS GROUP, THRIVE 2027, WOMEN'S UNITED, PORTLAND CONNECTED, ANNUAL CAMPAIGN | $425,000 |
PINE TREE LEGAL ASSISTANCE PURPOSE: $250,000 TO THE MEDICAL-LEGAL LEAD HAZARD PARTNERSHIP; $87,000 FOR COURT EVICTION DATA PROJECT | $337,000 |
PORTLAND HOUSING AUTHORITY PURPOSE: $164,000 FAMILY SELF SUFFICIENCY; $129,000 YOUTH STABILITY AND ASSET BUILDING | $293,000 |
Lewiston, ME PURPOSE: $75,000 HEALTHY NEIGHBORHOODS; $175 STRENGTHEN LA INITIATIVE | $250,000 |
Bangor, ME PURPOSE: $20,000 BREWER COMMUNITY CTR; $158,000 FAMILIES FORWARD; $45,000 FAMILY INSTITUTE | $223,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John T Gorman Foundation has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
Center For Childrens Law And Policy Inc Washington, DC PURPOSE: Grant | $25,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John T Gorman Foundation Portland, ME | $247,615,876 | $14,457,212 |
Bangor Savings Bank Foundation Bangor, ME | $7,746,738 | $1,634,823 |
C&s Charities Inc Keene, NH | $239,311 | $1,355,714 |
Hypertherm Hope Foundation Hanover, NH | $457,973 | $823,751 |
Shaw Brothers Family Foundation Inc Gorham, ME | $7,778,624 | $3,345,936 |
Woodard & Curran Charitable Foundation Portland, ME | $970,287 | $275,776 |
Eventide Foundation Stratham, NH | $1,790,776 | $141,597 |
Ginn Family Foundation South Portland, ME | $2,578,556 | $217,899 |
Ames Automotive Foundation Marlborough, NH | $15,871,330 | $134,336 |
Payne Family Foundation Elkins, NH | $332,596 | $116,191 |
Harris A Berman & Ruth E Nemzoff Family Foundation Concord, NH | $593,848 | $50,673 |
Heritage Helps Foundation C/O Lori Chartier Auburn, NH | $0 | $5,768 |