John Edward Fowler Memorial Foundation
- Assets
- $67.2m
- Revenue
- $2.1m
- Investments
- $67.1m
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 04/1966
- Data as of
- 12/2023
- EIN
- 51-6019469
Organization Overview
John Edward Fowler Memorial Foundation is located in Kensington, MD. The organization was established in 1966. 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 Edward Fowler Memorial 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 12/2023, John Edward Fowler Memorial Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John Edward Fowler Memorial Foundation has awarded 302 individual grants totaling $12,171,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael P Bentzen Chair | 10 | $65,000 | |
Jeffery P Capron President | 15 | $65,000 | |
Brian Bentzen Trustee | 5 | $34,000 | |
Kelly Capron Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,696 |
| Dividends & Interest | $1,171,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $207,533 |
| Capital Gain Net Income | $207,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $686,383 |
| Total Revenue | $2,066,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,000 |
| Other employee salaries and wages | $116,000 |
| Pension plans, employee benefits | $4,417 |
| Interest | $0 |
| Taxes | $9,930 |
| Depreciation | $0 |
| Occupancy | $2,278 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,785 |
| Total operating and administrative expenses | $446,171 |
| Contributions, gifts, grants paid | $2,940,000 |
| Total expenses and disbursements | $3,386,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,265 |
| 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 | $4,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,244,173 |
| Accounts payable and accrued expenses | $98 |
| 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 | $98 |
Grants Awarded
Over the last fiscal year, John Edward Fowler Memorial Foundation has awarded $2,940,000 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON FOR ADULT LITERACY PURPOSE: GENERAL OPERATING | $20,000 |
BUILDING BRIDGES ACROSS THE RIVER PURPOSE: GENERAL OPERATING | $325,000 |
BEACON HOUSE PURPOSE: GENERAL OPERATING | $40,000 |
WASHINGTON SCHOOL FOR GIRLS PURPOSE: GENERAL OPERATING | $290,000 |
BREAD FOR THE CITY PURPOSE: GENERAL OPERATING | $50,000 |
BOYS & GIRLS CLUB OF GREATER WASHINGTON PURPOSE: GENERAL OPERATING | $100,000 |