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Nonprofit · EIN 54-1933630

CONSTITUTION FOUNDATION

Also known as SAYLOR MICHAEL J TTEE

Tax-exempt · ANNAPOLIS, MD 21403

Financials

$2.2M$3M2023$3.1M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of CONSTITUTION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$3,128,411$3,276,582-$148,171$17,275,189$4,027$17,271,162
December 31, 2023990-PF$2,228,603$3,042,862-$814,259$18,199,400$2,965$18,196,435
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$67,791
Interest
$677
Net gain from sales of assets
$3,054,658
Other income
$5,285

Expenses

Grants and similar amounts paid
$458,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$1,664,598
Disbursements for charitable purposes
$3,157,996
Excise tax on investment income
$41,965

Balance sheet and other

Total assets, start of year
$18,199,400
Total assets, end of year
$17,275,189
Total liabilities, end of year
$4,027
Net assets, end of year
$17,271,162
Fair market value of assets
$128,711,895
Qualifying distributions
$3,157,996
Net investment income
$3,128,411

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.

NameTitleHours / weekCompensation
JEFFERY DAVIDSON
653 CHARLES STREET, PERRYVILLE, MD 21903
EXECUTIVE DIRECTOR
Highest-paid employee
40$124,750
DAVID SHULMAN
5115 BONNIE LAKE ROAD, TALLAHASSEE, FL 32311
DEPUTY EXEC DIRECTOR
Highest-paid employee
40$113,417
SHEILA JAGANNATHAN
8404 OLD SEVEN LOCKS ROAD, BETHESDA, MD 20817
DEPUTY DIRECTOR
Highest-paid employee
40$103,833
MATTHEW A GORMAN
4440 WILLARD AVENUE526, CHEVY CHASE, MD 20815
FELLOW
Highest-paid employee
40$101,167
LUCINDA STANLEY
115 LAKEWOOD DRIVE, SALISBURY, MD 21804
DIRECTOR
Highest-paid employee
40$94,917
MICHAEL J SAYLOR
C/O THE CONSTITUTION FOUNDATION, 4821 PINE TREE DRIVE, MIAMI BEACH, FL 33140
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JEFFERY DAVIDSON
653 CHARLES STREET, PERRYVILLE, MD 21903
EXECUTIVE DIRECTOR
Highest-paid employee
40$124,833
DAVID SHULMAN
5115 BONNIE LAKE ROAD, TALLAHASSEE, FL 32311
DEPUTY EXEC DIRECTOR
Highest-paid employee
40$108,542
MICHAEL J SAYLOR
C/O THE CONSTITUTION FOUNDATION, 4821 PINE TREE DRIVE, MIAMI BEACH, FL 33140
TRUSTEE0$0

Address and contacts

Address (IRS master file)
326 FIRST ST STE 403, ANNAPOLIS, MD 21403-2681
In care of
% THOMAS HEYER
Signed the 990-PF
MICHAEL J SAYLOR, TRUSTEE
Phone
(703) 848-8600
Return prepared by
PROSPERITY PARTNERS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
54-1933630
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
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$17,275,189
Income (IRS master file)
$3,128,411

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$3,128,411$3,276,582$17,275,189XML
990-PFDecember 2023$2,228,603$3,042,862$18,199,400XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 54-1933630).

Questions about CONSTITUTION FOUNDATION

What is the EIN of CONSTITUTION FOUNDATION?
The employer identification number (EIN) of CONSTITUTION FOUNDATION is 54-1933630.
Is CONSTITUTION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to CONSTITUTION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CONSTITUTION FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of CONSTITUTION 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 CONSTITUTION 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 CONSTITUTION FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 6 people; 5 received compensation from the organization, the highest $124,750 (JEFFERY DAVIDSON, EXECUTIVE DIRECTOR).
How much revenue does CONSTITUTION FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,128,411, expenses of $3,276,582 and total assets of $17,275,189 at year end.

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