EAGLEBANK FOUNDATION INC

EIN: 920195178 501(c)(3) Philanthropy & Grantmaking

POTOMAC, MD

Total Revenue
$291,425
Total Expenses
$361,139
Total Assets
$15,672
Net Assets
$15,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
SHARON GUBINSKY
Phone
3012305202
Tax Period
2023-01-01 to 2023-12-31

EAGLEBANK FOUNDATION INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $291K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $361K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO RAISE MONEY FOR OTHER 501(C)(3) ENTITIES THAT PROVIDE SERVICES TO THOSE SUFFERING FROM CANCER, WITH AN EMPHASIS ON ORGANIZATIONS THAT SERVE BREAST CANCER PATIENTS AND THEIR FAMILIES, AS WELL AS OTHER ORGANIZATIONS THAT SHARE EAGLEBANK FOUNDATION'S VALUES. NEVERTHELESS, THE FOUNDATION ONLY MAKES CONTRIBUTIONS TO 501(C)(3) ENTITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $367,825
Program Service Revenue $0
Investment Income $1,664
Other Revenue $-78,064
TOTAL REVENUE $291,425

Expense Breakdown

Grants Paid $355,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $355,000
Other Expenses $6,139
TOTAL EXPENSES $361,139

Year-over-Year Comparison

2023 2022 Change
Revenue $291,425 $314,427 -0.1%
Expenses $361,139 $341,287 +0.1%
Net Income $-69,714 $-26,860 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
16

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD ROGERS CHAIRMAN 3.00
Officer Director
$0 $0 $0
SHARON GUBINSKY TREASURER 5.00
Officer Director
$0 $0 $0
SINDY ROGERS SECRETARY 1.00
Officer Director
$0 $0 $0
RYAN RIEL BOARD DIRECTOR 3.00
Director
$0 $0 $0
SUSAN RIEL VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
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 $291,425 $361,139 $15,672 $-69,714
2022 $314,427 $341,287 $85,386 $-26,860
2021 $286,087 $250,239 $114,246 $35,848
2020 $139,587 $311,976 $76,398 $-172,389
2019 $252,252 $207,612 $248,787 $44,640
2018 $264,566 $210,390 $204,147 $54,176
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