Nonprofit · EIN 01-0498551
JOHN T GORMAN FOUNDATION
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,640,176 | $10,922,942 | $2,717,234 | $223,518,154 | $2,086,257 | $221,431,897 |
| December 31, 2023 | 990-PF | $13,301,002 | $11,602,483 | $1,698,519 | $214,146,299 | $2,167,625 | $211,978,674 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $832,655
- Interest
- $1,163,081
- Net gain from sales of assets
- $11,644,440
Expenses
- Grants and similar amounts paid
- $7,535,759
- Compensation of officers, directors and key employees
- $746,716
- Salaries, compensation and benefits (total)
- $744,470
- Disbursements for charitable purposes
- $9,911,850
- Excise tax on investment income
- $123,714
Balance sheet and other
- Total assets, start of year
- $214,146,299
- Total assets, end of year
- $223,518,154
- Total liabilities, end of year
- $2,086,257
- Net assets, end of year
- $221,431,897
- Fair market value of assets
- $223,518,154
- Qualifying distributions
- $9,911,850
- Net investment income
- $9,720,643
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nicole Witherbee ex officio 200 Middle Street 804, Portland, ME 04101 | President, CEO, & Director | 40 | $383,618 | $31,379 |
| Michael Bevilacqua 200 Middle Street 804, Portland, ME 04101 | CFO/Treasurer, Chief Operating Officer | 40 | $303,428 | $28,291 |
| Jennifer Beck 200 Middle Street 804, Portland, ME 04101 | VP, Programs Highest-paid employee | 40 | $225,271 | $27,212 |
| Leigh Arsenault 200 Middle Street 804, Portland, ME 04101 | Senior Program Assoc Highest-paid employee | 40 | $123,831 | $13,070 |
| Andrew Colvin 200 Middle Street 804, Portland, ME 04101 | Director, Communicat Highest-paid employee | 40 | $91,130 | $20,784 |
| Jennifer Rice 200 Middle Street 804, Portland, ME 04101 | Executive Assistant Highest-paid employee | 40 | $75,079 | $26,134 |
| James Patefield 200 Middle Street 804, Portland, ME 04101 | Grants & Data Associ Highest-paid employee | 32 | $74,188 | $12,359 |
| Anne Dinsmore 200 Middle Street 804, Portland, ME 04101 | Director | 2 | $0 | $0 |
| Maggie Christie Keohan 200 Middle Street 804, Portland, ME 04101 | Director | 2 | $0 | $0 |
| Richard W Petersen 200 Middle Street 804, Portland, ME 04101 | Director | 1.5 | $0 | $0 |
| Rebecca Hatfield 200 Middle Street 804, Portland, ME 04101 | Director | 1.5 | $0 | $0 |
| John Sullivan 200 Middle Street 804, Portland, ME 04101 | Director | 2 | $0 | $0 |
| Shawn O Gorman 200 Middle Street 804, Portland, ME 04101 | Chairman & Director | 2.5 | $0 | $0 |
| Martha E Greene 200 Middle Street 804, Portland, ME 04101 | Secretary & Director | 2.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nicole Witherbee ex officio One Canal Plaza Suite 800, Portland, ME 04101 | President, CEO, & Director | 40 | $362,077 | $30,179 |
| Michael Bevilacqua One Canal Plaza Suite 800, Portland, ME 04101 | CFO/Treasurer, Chief Operating Officer | 40 | $289,686 | $27,192 |
| Jennifer Beck One Canal Plaza Suite 800, Portland, ME 04101 | VP, Programs Highest-paid employee | 40 | $214,491 | $25,736 |
| Kristen McAuley One Canal Plaza Suite 800, Portland, ME 04101 | Senior Program Assoc Highest-paid employee | 40 | $115,469 | $12,386 |
| Lauralee Raymond One Canal Plaza Suite 800, Portland, ME 04101 | Manager, Special Ini Highest-paid employee | 40 | $97,909 | $26,857 |
| Andrew Colvin One Canal Plaza Suite 800, Portland, ME 04101 | Director, Communicat Highest-paid employee | 32 | $84,515 | $17,102 |
| Jennifer Rice One Canal Plaza Suite 800, Portland, ME 04101 | Executive Assistant Highest-paid employee | 40 | $76,069 | $26,214 |
| Anne Dinsmore One Canal Plaza Suite 800, Portland, ME 04101 | Director | 2 | $0 | $0 |
| Maggie Christie Keohan One Canal Plaza Suite 800, Portland, ME 04101 | Director | 2 | $0 | $0 |
| Richard W Petersen One Canal Plaza Suite 800, Portland, ME 04101 | Director | 1 | $0 | $0 |
| Rebecca Hatfield One Canal Plaza Suite 800, Portland, ME 04101 | Director | 1.5 | $0 | $0 |
| John Sullivan One Canal Plaza Suite 800, Portland, ME 04101 | Director | 2 | $0 | $0 |
| Shawn O Gorman One Canal Plaza Suite 800, Portland, ME 04101 | Chairman & Director | 2.5 | $0 | $0 |
| Martha E Greene One Canal Plaza Suite 800, Portland, ME 04101 | Secretary & Director | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 MIDDLE ST STE 804, PORTLAND, ME 04101-6448
- In care of
- % NORTHERN TRUST CO TTEE
- Signed the 990-PF
- Michael Bevilacqua, CFO & Chief Operating Officer
- Phone
- (207) 518-6784
- Website
- www.jtgfoundation.org
- Return prepared by
- Baker Newman & Noyes
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 01-0498551
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21J)
- Assets (IRS master file)
- $223,518,154
- Income (IRS master file)
- $70,041,932
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,640,176 | $10,922,942 | $223,518,154 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $13,301,002 | $11,602,483 | $214,146,299 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0498551).
Questions about JOHN T GORMAN FOUNDATION
- What is the EIN of JOHN T GORMAN FOUNDATION?
- The employer identification number (EIN) of JOHN T GORMAN FOUNDATION is 01-0498551.
- Is JOHN T GORMAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to JOHN T GORMAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN T GORMAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN T GORMAN FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOHN T GORMAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of JOHN T GORMAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 7 received compensation from the organization, the highest $383,618 (Nicole Witherbee ex officio, President, CEO, & Director).
- How much revenue does JOHN T GORMAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,640,176, expenses of $10,922,942 and total assets of $223,518,154 at year end.
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