The John B Parsons Foundation
The John B Parsons Foundation is a private 501(c)(3) independent foundation established in 1988 and based in Salisbury, Maryland. The foundation operates as a tax-exempt charitable organization dedicated to supporting organizations that serve vulnerable populations in need of essential services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
+11.0% YoY
Annual Giving
$448K
-0.3% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$37K
+8.0% YoY
Mission & Focus Areas
The foundation funds organizations that assist needy elderly people to obtain:
- Housing
- Health care
- Clothing
- Food
The foundation's grantmaking focuses on human services and philanthropic support, with a primary geographic emphasis on Maryland.
Grantmaking
Based on the most recent available data (2023), the foundation distributed $449,266 in total giving. In fiscal year 2024, the foundation had expenses of $483,639 against revenue of $669,688.
Average Grant
amount varies by year
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Maryland, with particular focus on the Salisbury area and surrounding regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Resources:
- Total assets (2024): $11,089,119
- Total assets (2023): $9,986,293
- Total liabilities (2024): $0
Annual Financial Activity (Fiscal Year 2024):
- Revenue: $669,688
- Expenses: $483,639
- Net income: $186,049
Revenue Composition (2024):
- Contributions represent a significant portion of revenue
- Investment income and other sources comprise the remainder
The foundation maintains a healthy financial position with no outstanding liabilities and consistent year-over-year asset growth.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,089,119 | $9,986,293 | $8,744,773 |
| Revenue | $669,688 | $398,464 | $575,067 |
| Expenses | $483,639 | $488,280 | $479,262 |
| Qualifying Distributions | $448,016 | $449,266 | $449,422 |
| Net Investment Income | $531,384 | $257,496 | $386,592 |
| Distributable Amount | $519,389 | $455,370 | $451,042 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERNEST I CORNBROOKS III | PRESIDENT | — | — |
| ROBERT C DAVIS | TREASURER | — | — |
| PHILIP L BRADSHAW | TRUSTEE | — | — |
| ALLEN BROWN | TRUSTEE | — | — |
| DAVID DOWNES | TRUSTEE | — | — |
| ROBERT LONG | TRUSTEE | — | — |
| LYNNE PEVERLEY | TRUSTEE | — | — |
| CAROLYN STEGMAN | TRUSTEE | — | — |
| JEFFREY F TURNER | TRUSTEE | — | — |
| GAYLE WIDDOWSON | SECRETARY | — | — |
| JAMES E MARTIN | TRUSTEE | — | — |
| SHARON A MORRIS | TRUSTEE | — | — |
| LOUDELL INSLEY | TRUSTEE | — | — |
| CYNTHIA MACDONALD | TRUSTEE | — | — |
| MICHAEL MATHERS | TRUSTEE | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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