Nonprofit · EIN 20-5938416
GLENSTONE FOUNDATION
Tax-exempt · POTOMAC, MD 20854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $15,876,524 | $64,781,193 | -$48,904,669 | $2,987,597,855 | $285,755,491 | $2,701,842,364 |
| December 31, 2023 | 990-PF | $266,804,717 | $51,950,857 | $214,853,860 | $2,913,564,506 | $170,609,017 | $2,742,955,489 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,192,864
- Dividends
- $7,517,281
- Interest
- $885,968
- Net gain from sales of assets
- $4,145,607
- Other income
- $366,189
Expenses
- Grants and similar amounts paid
- $15,292,081
- Compensation of officers, directors and key employees
- $359,328
- Salaries, compensation and benefits (total)
- $10,094,604
- Disbursements for charitable purposes
- $51,610,094
- Excise tax on investment income
- $104,466
Balance sheet and other
- Total assets, start of year
- $2,913,564,506
- Total assets, end of year
- $2,987,597,855
- Total liabilities, end of year
- $285,755,491
- Net assets, end of year
- $2,701,842,364
- Fair market value of assets
- $4,415,958,898
- Qualifying distributions
- $144,417,623
- Net investment income
- $10,097,718
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 |
|---|---|---|---|---|
| NOORDIN MOLOO 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF FINANCE | 50 | $247,889 | $25,374 |
| MARTIN LOTZ 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF FACILITI Highest-paid employee | 50 | $189,308 | $8,146 |
| VALENTINA NAHON 12100 GLEN ROAD, POTOMAC, MD 20854 | SNR DIRECTOR - PUBLI Highest-paid employee | 50 | $174,821 | $11,537 |
| PAUL TUKEY 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR - ENVIRONME Highest-paid employee | 50 | $170,544 | $21,979 |
| BRENDAN ROBINSON 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF FACILITI Highest-paid employee | 50 | $166,829 | $24,915 |
| DANIELLE NEWTON 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF VISITOR Highest-paid employee | 50 | $158,528 | $22,910 |
| ANTHONY CERVENY 12100 GLEN ROAD, POTOMAC, MD 20854 | CHIEF OPERATING OFFICER - UNTIL 4/2024 | 50 | $111,439 | $10,387 |
| MITCHELL P RALES 12100 GLEN ROAD, POTOMAC, MD 20854 | CHAIRMAN/DIRECTOR | 30 | $0 | $0 |
| EMILY W RALES 12100 GLEN ROAD, POTOMAC, MD 20854 | PRESIDENT | 50 | $0 | $0 |
| C SCOTT BRANNAN 12100 GLEN ROAD, POTOMAC, MD 20854 | VICE PRES./TREASURER/DIRECTOR | 20 | $0 | $0 |
| RACHEL L S PLUMLEY 12100 GLEN ROAD, POTOMAC, MD 20854 | SECRETARY/DIRECTOR | 10 | $0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTHONY CERVENY 12100 GLEN ROAD, POTOMAC, MD 20854 | CHIEF OPERATING OFFICER | 50 | $302,545 | $18,285 |
| VALENTINA NAHON 12100 GLEN ROAD, POTOMAC, MD 20854 | SNR DIRECTOR - PUBLI Highest-paid employee | 50 | $160,822 | $7,408 |
| MARTIN LOTZ 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF FACILITI Highest-paid employee | 50 | $160,315 | $10,705 |
| PAUL TUKEY 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR - ENVIRONME Highest-paid employee | 50 | $159,731 | $17,620 |
| STEVE O'BANION 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF CONSERVA Highest-paid employee | 50 | $144,390 | $19,034 |
| ALICIA DAVIS 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF HR Highest-paid employee | 50 | $141,547 | $17,541 |
| HEATHER F NOLAN 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF FINANCE-retired | 50 | $81,386 | $3,556 |
| NOORDIN MOLOO 12100 GLEN ROAD, POTOMAC, MD 20854 | DIRECTOR OF FINANCE | 50 | $72,308 | $6,592 |
| MITCHELL P RALES 12100 GLEN ROAD, POTOMAC, MD 20854 | CHAIRMAN/DIRECTOR | 30 | $0 | $0 |
| EMILY W RALES 12100 GLEN ROAD, POTOMAC, MD 20854 | PRESIDENT | 50 | $0 | $0 |
| C SCOTT BRANNAN 12100 GLEN ROAD, POTOMAC, MD 20854 | VICE PRES./TREASURER/DIRECTOR | 20 | $0 | $0 |
| RACHEL L S PLUMLEY 12100 GLEN ROAD, POTOMAC, MD 20854 | SECRETARY/DIRECTOR | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12100 GLEN RD, POTOMAC, MD 20854-1036
- In care of
- % C SCOTT BRANNAN
- Signed the 990-PF
- C SCOTT BRANNAN, VICE PRESIDENT/TREASURER
- Phone
- (301) 983-5001
- Website
- WWW.GLENSTONE.ORG
- Return prepared by
- DELOITTE TAX LLP
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
- 20-5938416
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A40)
- Assets (IRS master file)
- $2,987,597,855
- Income (IRS master file)
- $63,324,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $15,876,524 | $64,781,193 | $2,987,597,855 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $266,804,717 | $51,950,857 | $2,913,564,506 | 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-PF | December 2018 | – | – | – | 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 20-5938416).
Questions about GLENSTONE FOUNDATION
- What is the EIN of GLENSTONE FOUNDATION?
- The employer identification number (EIN) of GLENSTONE FOUNDATION is 20-5938416.
- Is GLENSTONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GLENSTONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does GLENSTONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GLENSTONE 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 GLENSTONE 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 GLENSTONE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 7 received compensation from the organization, the highest $247,889 (NOORDIN MOLOO, DIRECTOR OF FINANCE).
- How much revenue does GLENSTONE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $15,876,524, expenses of $64,781,193 and total assets of $2,987,597,855 at year end.
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