Jake Mcguire Savage Foundation Inc
- Assets
- $173.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Washington, MD
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 04-3636970
Organization Overview
Jake Mcguire Savage Foundation Inc is located in Fort Washington, MD. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jake Mcguire Savage 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, Jake Mcguire Savage Foundation Inc generated $701.0 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 (30.1%) each year. All expenses for the organization totaled $2.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NORMAL MUSIC PROGRAMS THAT WERE ONGOING IN 2021DUE TO THE COVID PANDEMIC. DURING 2021 THE FOUNDATION;S ACTIVITIES WERE LIMITED TO GRANTS TO SUPPORT ONE ON ONE KEYBOARD AND OBOE LESSENS FOR FOUR PROMISING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Savage President | 3 | $0 | |
Carroll Savage Vice President & Secretary | 2 | $0 | |
Marcus Williams Treasurer | 0.1 | $0 | |
Rhett Savage Director | 0 | $0 | |
Anne Oman Director | 0 | $0 | |
Allison Oman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $681 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $701 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52 |
| Total expenses | $2,279 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,814 |
| Other assets | $0 |
| Total assets | $173,826 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jake Mcguire Savage Foundation Inc has recieved totaling $81.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Montgomery County Community Action Development Commission Norristown, PA | $3,474,447 | $9,701,447 |
Harford Community Action Agency Inc Edgewood, MD | $1,673,036 | $9,657,215 |
Hartwood Foundation Inc Fairfax, VA | $10,472,777 | $9,719,871 |
Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Olivet Medical Ministry Inc Yorktown, VA | $5,086,470 | $8,947,962 |
Families U S A Foundation Inc Washington, DC | $37,749,314 | $9,369,992 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Community Assistance Network Inc Baltimore, MD | $3,357,126 | $8,764,138 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Peoples Place Ii Inc Milford, DE | $5,585,489 | $9,355,461 |
Resource Connections Incorporated Lanham, MD | $5,507,400 | $8,463,965 |