Joseph N Gorson Foundation

Philadelphia, PA
Tax-exempt since Aug. 1955
EIN: 23-6297463

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$47.4k (2024)

Expenses

$42.5k (2024)

Total Assets

$449k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2024

Revenue

$47,425

Expenses

$42,475

Net Income

$4,950

Net Assets

$448,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,800	12.2%
Sales of Assets	$41,625	87.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,000	94.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$448,686
Total Liabilities	$0
Net Assets	$448,686

Compensation

Key Employees and Officers	Compensation	Other
Lynne Cohen (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on April 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$39,346

Expenses

$41,813

Net Income

-$2,467

Net Assets

$443,736

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,847	27.6%
Sales of Assets	$28,499	72.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,000	95.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$443,736
Total Liabilities	$0
Net Assets	$443,736

Compensation

Key Employees and Officers	Compensation	Other
Lynne Cohen (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on Feb. 27, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$54,821

Expenses

$37,896

Net Income

$16,925

Net Assets

$446,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,675	10.4%
Sales of Assets	$49,146	89.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,500	96.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$446,203
Total Liabilities	$0
Net Assets	$446,203

Compensation

Key Employees and Officers	Compensation	Other
Lynne Cohen (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on March 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Nov.
2021

Revenue

$27,799

Expenses

$19,521

Net Income

$8,278

Net Assets

$429,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,682	13.2%
Sales of Assets	$24,117	86.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,000	92.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$429,278
Total Liabilities	$0
Net Assets	$429,278

Compensation

Key Employees and Officers	Compensation	Other
Lynne Cohen (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on July 24, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Nov.
2020

Revenue

$25,297

Expenses

$26,299

Net Income

-$1,002

Net Assets

$420,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,807	23.0%
Sales of Assets	$19,490	77.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	95.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$421,000
Total Liabilities	$1
Net Assets	$420,999

Compensation

Key Employees and Officers	Compensation	Other
Lynne Cohen (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on April 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2019

Revenue

$32,411

Expenses

$31,111

Net Income

$1,300

Net Assets

$422,001

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,638	26.7%
Sales of Assets	$23,773	73.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,950	96.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$422,002
Total Liabilities	$1
Net Assets	$422,001

Compensation

Key Employees and Officers	Compensation	Other
Murray S Gorson (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on July 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2018

Revenue

$18,598

Expenses

$28,703

Net Income

-$10,105

Net Assets

$420,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,170	38.6%
Sales of Assets	$11,428	61.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,550	96.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$420,702
Total Liabilities	$0
Net Assets	$420,702

Compensation

Key Employees and Officers	Compensation	Other
Murray S Gorson (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on April 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2017

Revenue

$16,376

Expenses

$27,230

Net Income

-$10,854

Net Assets

$430,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,703	28.7%
Sales of Assets	$11,673	71.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,000	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$430,807
Total Liabilities	$0
Net Assets	$430,807

Compensation

Key Employees and Officers	Compensation	Other
Murray S Gorson (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on April 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2016

Revenue

$25,546

Expenses

$30,978

Net Income

-$5,432

Net Assets

$441,661

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$5,767	22.6%
Sales of Assets	$19,778	77.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,000	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$441,661
Total Liabilities	$0
Net Assets	$441,661

Compensation

Key Employees and Officers	Compensation	Other
Murray S Gorson (Chairman)	$0	$0
Janice W Gorson (Trustee)	$0	$0

990-PF

Filed on April 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$126

Expenses

$1,009

Net Income

-$883

Net Assets

$447,093

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24	19.0%
Interest Revenue	$102	81.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$447,093
Total Liabilities	$0
Net Assets	$447,093

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2014

Revenue

$3,419

Expenses

$14,057

Net Income

-$10,638

Net Assets

$447,976

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42	1.2%
Dividends	$425	12.4%
Sales of Assets	$2,952	86.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,000	92.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$447,976
Total Liabilities	$0
Net Assets	$447,976

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$8,179

Expenses

$27,019

Net Income

-$18,840

Net Assets

$458,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$145	1.8%
Dividends	$2,011	24.6%
Sales of Assets	$6,023	73.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,000	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$458,614
Total Liabilities	$0
Net Assets	$458,614

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2012

Revenue

$4,437

Expenses

$8,026

Net Income

-$3,589

Net Assets

$477,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$458	10.3%
Dividends	$2,434	54.9%
Sales of Assets	$1,545	34.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,000	87.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$477,454
Total Liabilities	$0
Net Assets	$477,454

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$30,457

Expenses

$9,495

Net Income

$20,962

Net Assets

$481,043

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$631	2.1%
Dividends	$1,884	6.2%
Sales of Assets	$27,942	91.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,450	89.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$481,043
Total Liabilities	$0
Net Assets	$481,043

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Joseph N Gorson Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $47.4k (2024)

Expenses $42.5k (2024)

Total Assets $449k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Revenue

$47.4k (2024)

Expenses

$42.5k (2024)

Total Assets

$449k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

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2022

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2021

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2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

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Fiscal Year Ending Nov.
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