GARRETT-JACOBS MANSION ENDOWMENT FUND INC

EIN: 521795790 501(c)(3) Philanthropy & Grantmaking

BALTIMORE, MD

Total Revenue
$166,441
Total Expenses
$147,197
Total Assets
$965,030
Net Assets
$82,683
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MD
Principal Officer
J AUSTIN BITNER
Phone
4105396914
Tax Period
2022-07-01 to 2023-06-30

GARRETT-JACOBS MANSION ENDOWMENT FUND INC, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $166K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $147K left a modest 12% surplus.

Mission

THE MISSION OF THE GARRETT-JACOBS MANSION ENDOWMENT FUND IS TO PRESERVE AND RESTORE THE MANSION AS A NATIONAL HISTORIC LANDMARK AND TO SHARE THE HISTORY, ARCHITECTURAL AND CIVIC LEGACY OF THE MANSION FOR THE BENEFIT AND EDUCATION OF THE PUBLIC.

Program Service Accomplishments

Program 1

IN 1992, THE GARRETT-JACOBS MANSION ENDOWMENT FUND (GJMEF), A 501(C)(3)ORGANIZATION, WAS FORMED; ITS SOLE MISSION IS TO PRESERVE THE ARCHITECTURAL AND HISTORICAL CHARACTER OF THIS IMPORTANT AND...

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IN 1992, THE GARRETT-JACOBS MANSION ENDOWMENT FUND (GJMEF), A 501(C)(3)ORGANIZATION, WAS FORMED; ITS SOLE MISSION IS TO PRESERVE THE ARCHITECTURAL AND HISTORICAL CHARACTER OF THIS IMPORTANT AND UNIQUE STRUCTURE. THE ONGOING REHABILITATION PRESERVES THE MANSION AS A CHERISHED ARTIFACT FROM ANOTHER AGE AND RETURNS IT TO ITS RIGHTFUL ROLE AS A GATHERING-PLACE FOR SOCIAL, BUSINESS AND CIVIC FUNCTIONS. A "FRIENDS OF THE MANSION" PUBLIC MEMBERSHIP PROGRAM BRINGS ADDITIONAL FINANCIAL SUPPORT TO THE MANSION AND WELCOMES VISITORS TO ENJOY ITS BEAUTY AND PROGRAMS. THE ENGINEERS CLUB AND THE ENDOWMENT FUND WORK COOPERATIVELY TO PRESENT CONCERTS, THEATRICAL PERFORMANCES, SYMPOSIA AND OTHER EDUCATIONAL PROGRAMS TO WHICH THE PUBLIC ARE INVITED. THE ENDOWMENT FUND'S DISTINGUISHED ADVISORY COUNCIL, MADE UP OF MUSEUM PROFESSIONALS, HISTORIANS, ARCHITECTS AND PRESERVATIONISTS, ADVISES THE MANSION ON FULFILLING ITS EDUCATIONAL MISSION, WITH A PARTICULAR FOCUS ON BALTIMORE'S GILDED AGE. WE HAVE ESTABLISHED PARTNERSHIPS AND OTHER COLLABORATIONS WITH CULTURAL RESOURCES AND HISTORIC SITES IN MOUNT VERNON AND THROUGHOUT THE CITY. OUR PROGRAMS HAVE CEMENTED STRONG PARTNERSHIPS WITH THE WALTERS ART MUSEUM, MARYLAND HISTORICAL SOCIETY AND OTHER IMPORTANT INSTITUTIONS. OUR MEMBERSHIP IN THE GREATER BALTIMORE HISTORY ALLIANCE HELPS US BUILD PARTNERSHIPS WITH HISTORIC HOMES AND SMALL HISTORY MUSEUMS THROUGHOUT THE REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $14,895
Program Service Revenue $0
Investment Income $17,288
Other Revenue $134,258
TOTAL REVENUE $166,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $147,197
TOTAL EXPENSES $147,197

Year-over-Year Comparison

2022 2021 Change
Revenue $166,441 $146,049 +0.1%
Expenses $147,197 $59,127 +1.5%
Net Income $19,244 $86,922 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
2 CORY COLASSARD TRUSTEE 0.00
Director
$0 $0 $0
N/A PRESIDENT 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A TRUSTEE 4.00
$0 $0 $0
N/A EXECUTIVE DIRECTOR 4.00
$0 $7,200 $109,356
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $166,441 $147,197 $965,030 $19,244
2022 $146,049 $59,127 $946,676 $86,922
2021 $44,796 $91,408 $866,129 $-46,612
2020 $107,168 $98,441 $901,966 $8,727
2019 $182,975 $3,089,294 $953,239 $-2,906,319
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