Joan W Jenkins Foundation
- Assets
- $1.9m
- Revenue
- $420.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Ocean City, MD
- Founding
- 07/1987
- Data as of
- 09/2024
- EIN
- 52-1486477
Organization Overview
Joan W Jenkins Foundation is located in Ocean City, MD. The organization was established in 1987. 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. Joan W Jenkins 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 09/2024, Joan W Jenkins Foundation generated $420.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $350.9k during the year ending 09/2024. While expenses have increased by 3.5% per year over the past 5 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, Joan W Jenkins Foundation has awarded 300 individual grants totaling $457,993. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALCOHOLICS ANONYMOUS USES THE BUILDING OWNED BY THE FOUNDATION FOR MEETINGS NUMEROUS TIMES PER WEEK. ALSO AL-ANON AND AL-ATEEN.
NARCOTICS ANONYMOUS USES THE BUILDING OWNED BY THE FOUNDATION FOR MEETINGS NUMEROUS TIMES PER WEEK.
GAMBLERS ANONYMOUS USES THE BUILDING OWNED BY THE FOUNDATION FOR THEIR MEETINGS.
BUILDING IS KEPT OPEN 24 HOURS, 7 DAYS A WEEK FOR THESE ACTIVITIES AS WELL AS PROVIDING A SUBSTANCE FREE ENVIRONMENT FOR ACTIVITES INCLUDED COUNSELING ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Jenkins Sr President | 0 | $0 | |
Margie Mcbane Secretary/tr | 0 | $0 | |
Timothy J King Cfo/vice Pre | 0 | $0 | |
Wendy Nathan Asst Sec/tre | 0 | $0 | |
Michael H Jones Ceo/vice Pre | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $293,112 |
| Interest on Savings | $9,082 |
| Dividends & Interest | $63,758 |
| Net Rental Income | $46,278 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $420,314 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $185,514 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,405 |
| Depreciation | $8,084 |
| Occupancy | $30,755 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,149 |
| Total operating and administrative expenses | $269,422 |
| Contributions, gifts, grants paid | $81,520 |
| Total expenses and disbursements | $350,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,697 |
| Savings and temporary cash investments | $11,342 |
| 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 | $0 |
| Net Land, buildings, and equipment | $128,271 |
| Other assets | $0 |
| Total assets | $1,883,586 |
| 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, Joan W Jenkins Foundation has awarded $81,520 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED | $2,500 |
ART LEAGUE OF OCEAN CITY PURPOSE: UNRESTRICTED | $3,500 |
ARBOR DAY FOUNDATION PURPOSE: UNRESTRICTED | $20 |
ASSATEAGUE COASTAL BAYS PURPOSE: UNRESTRICTED | $1,000 |
ATLANTIC CLUB PURPOSE: WALK FOR RECOVERY | $500 |
ATLANTIC GENERAL HOSPITAL FOUNDATIO PURPOSE: UNRESTRICTED | $5,000 |