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Nonprofiteer
← GARRETT-JACOBS MANSION ENDOWMENT FUND INC

Form 990 for tax year 2024

Filed by GARRETT-JACOBS MANSION ENDOWMENT FUND INC.

Totals

Total revenue
$427,300
Total expenses
$64,119
Contributions and grants received
$154,928
Grants paid
$0
Program service revenue
$0
Investment income
$89,107
Other revenue
$183,265
Total assets, end of year
$1,114,869
Total liabilities, end of year
$312,147
Net assets or fund balances, end of year
$802,722
Program services expenses (Part IX)
$0
Management and general expenses
$64,119
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $154,928

  • 3 · Investment income

    total $89,107 · excluded $89,107

  • 8a · Fundraising events: gross income

    $356,699

  • 8b · Fundraising events: direct expenses

    $173,434

  • 8c · Net income from fundraising events

    total $183,265 · excluded $183,265

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 11g · Fees: other

    total $58 · management and general $58

  • 13 · Office expenses

    total $9,000 · management and general $9,000

  • 20 · Interest

    total $24,361 · management and general $24,361

  • 24a · Other expenses: MANSION MAINTAINANCE

    total $20,000 · management and general $20,000

  • 24b · Other expenses: WEBSITE

    total $2,700 · management and general $2,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,629 · end of year $190,069

  • 3 · Pledges and grants receivable

    beginning of year $358,526 · end of year $351,026

  • 4 · Accounts receivable

    beginning of year $24,200 · end of year $24,200

  • 7 · Other notes and loans receivable

    beginning of year $100,000 · end of year $100,000

  • 10a · Land, buildings and equipment: cost or other basis

    $252,470

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $252,470 · end of year $252,470

  • 11 · Investments: publicly traded securities

    beginning of year $170,813 · end of year $197,104

  • 15 · Other assets

    beginning of year $3,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,605 · end of year $33,505

  • 19 · Deferred revenue

    beginning of year $3,500 · end of year $3,500

  • 24 · Unsecured notes and loans payable

    beginning of year $745,142 · end of year $275,142

  • 27 · Net assets without donor restrictions

    beginning of year $439,541 · end of year $802,722

Mission and programs · 2024

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.

  • 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.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carl E Eastwick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Frank Dittenhafer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4
  • Doug Suess

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Bernadette Low

    SECRETARY

    Total calculated
    $0
    Hours/week
    4
  • Michael Dick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Jeff Hossfeld

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • John Carroll Weiss III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Robert W Crosby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Harold K Resnick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Jeffrey Caldwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Cory Colassard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • David H Gleason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • James A Durkay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Johns W Hopkins Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Sally Johnston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Lisa Keir

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • Judith Proffitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4
  • J Bitner

    EXECUTIVE DIRECTOR

    Total calculated
    $152,975
    From this org
    $0
    From related orgs
    $152,975
    Other
    $0
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,975 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $152,975 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202642309349301139

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