Nonprofit · EIN 52-0591626
JOHN B PARSONS FOUNDATION
Also known as THE PARSONS FOUNDATION
Tax-exempt · SALISBURY, MD 21802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $642,971 | $628,595 | $14,376 | $12,331,843 | $0 | $12,331,843 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $122,127
- Dividends
- $279,958
- Interest
- $665
- Net gain from sales of assets
- $240,221
Expenses
- Grants and similar amounts paid
- $581,908
- Disbursements for charitable purposes
- $581,908
- Excise tax on investment income
- $7,184
Balance sheet and other
- Total assets, start of year
- $11,089,119
- Total assets, end of year
- $12,331,843
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,331,843
- Fair market value of assets
- $12,331,843
- Qualifying distributions
- $581,908
- Net investment income
- $520,844
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNEST I CORNBROOKS III PO BOX 910, SALISBURY, MD 21803 | TRUSTEE | 0 | $0 |
| ROBERT C DAVIS 105 MILFORD STREET, SALISBURY, MD 21804 | TREASURER | 0 | $0 |
| PHILIP L BRADSHAW 229 CANAL PARK DRIVE SUITE 304, SALISBURY, MD 21804 | TRUSTEE | 0 | $0 |
| ALLEN BROWN 1017 NORTH DELANO AVENUE, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| DAVID DOWNES 410 ROLLING ROAD, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| ROBERT LONG 512 DOUGLAS ROAD, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| LYNNE PEVERLEY 1102 RIVERSIDE DRIVE, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| CAROLYN STEGMAN 606 FOUNTAIN ROAD, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| JEFFREY F TURNER 23594 KEEN ROAD, CHANCE, MD 21821 | TRUSTEE | 0 | $0 |
| GAYLE WIDDOWSON 12351 SOUTH HAMPTON DRIVE, BISHOPVILLE, MD 21813 | SECRETARY | 0 | $0 |
| JAMES E MARTIN 513 NORTH PINEHURST AVENUE, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| SHARON A MORRIS 8062 JERSEY ROAD, SALISBURY, MD 21801 | TRUSTEE | 0 | $0 |
| LOUDELL INSLEY 1105 S SCHUMAKER DRIVE, SALISBURY, MD 21804 | TRUSTEE | 0 | $0 |
| CYNTHIA MACDONALD 208 CALVERT STREET, SALISBURY, MD 21804 | PRESIDENT | 0 | $0 |
| MICHAEL MATHERS 115 BROAD STREET, SALISBURY, MD 21803 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2916, SALISBURY, MD 21802-2916
- Signed the 990-PF
- ROBERT C DAVIS, TREASURER
- Phone
- (410) 546-5567
- Return prepared by
- HOLLOWAY & MARVEL PA
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 | 990-PF 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
- 52-0591626
- 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
- 1973
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $12,331,843
- Income (IRS master file)
- $921,240
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $398,464 | $488,280 | $9,986,293 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about JOHN B PARSONS FOUNDATION
- What is the EIN of JOHN B PARSONS FOUNDATION?
- The employer identification number (EIN) of JOHN B PARSONS FOUNDATION is 52-0591626.
- Is JOHN B PARSONS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to JOHN B PARSONS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN B PARSONS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN B PARSONS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOHN B PARSONS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of JOHN B PARSONS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does JOHN B PARSONS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $642,971, expenses of $628,595 and total assets of $12,331,843 at year end.
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