Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 10-01-2020 , and ending 09-30-2021
Name of foundation
JOAN W JENKINS FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 572
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OCEAN CITY, MD218430572
A Employer identification number

52-1486477
B Telephone number (see instructions)

(410) 289-9100
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$2,081,488J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 305,766
2 Check bullet.............
3 Interest on savings and temporary cash investments 368 368 368
4 Dividends and interest from securities... 42,138 42,138 42,138
5a Gross rents............ 57,235 57,235 57,235
b Net rental income or (loss) 49,153
6a Net gain or (loss) from sale of assets not on line 10 8,385
b Gross sales price for all assets on line 6a 666,605
7 Capital gain net income (from Part IV, line 2)... 8,385
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 413,892 108,126 99,741
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 132,347 66,174 66,174 66,174
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 4,918 4,918 4,918  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,467 11,467 11,467  
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,082 8,082 8,082
20 Occupancy.............. 59,056      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,870 12,870 12,870  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 228,740 103,511 103,511 66,174
25 Contributions, gifts, grants paid....... 84,715 84,715
26 Total expenses and disbursements. Add lines 24 and 25 313,455 103,511 103,511 150,889
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 100,437
b Net investment income (if negative, enter -0-) 4,615
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 652,097 216,518 216,520
2 Savings and temporary cash investments......... 29,714 9,421 9,421
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 99,842    
b Investments—corporate stock (attach schedule)....... 450,580 Click to see attachment449,831 756,118
c Investments—corporate bonds (attach schedule)....... 257,512 Click to see attachment923,999 922,429
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet413,776
Less: accumulated depreciation (attach schedule) bullet261,258 160,600 Click to see attachment152,518 177,000
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,650,345 1,752,287 2,081,488
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment24,400 Click to see attachment25,905
23 Total liabilities (add lines 17 through 22)......... 24,400 25,905
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,625,945 1,726,382
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,625,945 1,726,382
30 Total liabilities and net assets/fund balances (see instructions). 1,650,345 1,752,287
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,625,945
2
Enter amount from Part I, line 27a .....................
2
100,437
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,726,382
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,726,382
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a VIATRIS INC P   2020-11-27
b US TREASURY BONDS P   2021-07-15
c ORGANON & CO P   2021-07-30
d PACIFIC FUNDS P   2021-09-23
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 15   13 2
b 106,551   99,842 6,709
c 726   736 -10
d 559,313   557,629 1,684
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2
b       6,709
c       -10
d       1,684
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 8,385
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 64
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 64
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 64
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 179
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 179
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 115
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet115 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARGIE MCBANE Telephone no.bullet (410) 289-9100

    Located atbulletPO BOX 572OCEAN CITYMD ZIP+4bullet218430572
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    MICHAEL H JONES CEO/VICE PRE
    000.00     		0 0 0
    PO BOX 572
    OCEAN CITY,MD21843
    CHARLES JENKINS SR PRESIDENT
    000.00     		0 0 0
    PO BOX 572
    OCEAN CITY,MD21843
    MARGIE MCBANE SECRETARY/TR
    000.00     		0 0 0
    PO BOX 572
    OCEAN CITY,MD21843
    TIMOTHY J KING CFO/VICE PRE
    000.00     		0 0 0
    PO BOX 572
    OCEAN CITY,MD21843
    BRUCE MOORE VICE PRESIDE
    000.00     		0 0 0
    PO BOX 572
    OCEAN CITY,MD21843
    WENDY NATHAN ASST SEC/TRE
    000.00     		0 0 0
    PO BOX 572
    OCEAN CITY,MD21843
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4 BUILDING IS KEPT OPEN 24 HOURS, 7 DAYS A WEEK FOR THESE ACTIVITIES AS WELL AS PROVIDING A SUBSTANCE FREE ENVIRONMENT FOR ACTIVITES INCLUDED COUNSELING ETC. 228,740
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,385,883
    b
    Average of monthly cash balances.......................
    1b
    483,111
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,868,994
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,868,994
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,035
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,840,959
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    92,048
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    150,889
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    150,889
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    150,889
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 150,889
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus 150,889
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 150,889
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    0     17,899 17,899
    b 85% of line 2a .........       15,214 15,214
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		150,889 177,197 179,869 270,247 778,202
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		150,889 177,197 179,869 270,247 778,202
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		61,365 55,377 50,488 47,848 215,078
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHARLES R JENKINS
    PO BOX 572
    OCEAN CITY,MD21843
    (410) 289-9100
    bThe form in which applications should be submitted and information and materials they should include:
    NO SPECIFIC FORM OR INFORMATION IS REQUESTED
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ARBOR DAY FOUNDATION
    PO BOX 82503
    LINCOLN,NE685012500     		NONE   UNRESTRICTED 10
    ART LEAGUE OF OCEAN CITY
    P O BOX 3503
    OCEAN CITY,MD21843     		NONE   UNRESTRICTED 8,500
    ASSATEAGUE COASTAL TRUST
    PO BOX 731
    BERLIN,MD21811     		NONE   UNRESTRICTED 500
    ATLANTIC GENERAL HOSPITAL FOUNDATIO
    9733 HEALTHWAY DRIVE
    BERLIN,MD21811     		NONE   UNRESTRICTED 4,500
    ATLANTIC UNITED METHODIST CHURCH
    105 4TH ST 3908
    OCEAN CITY,MD21842     		NONE   UNRESTRICTED 1,000
    BAY JOURNAL FUND
    PO BOX 222
    JACOBUS,PA174070222     		NONE   UNRESTRICTED 100
    BEACH TO BAY HERITAGE AREA
    14 S MAIN ST
    BERLIN,MD21811     		NONE   UNRESTRICTED 500
    BERLIN FIRE COMPANY
    214 N MAIN ST
    BERLIN,MD21811     		NONE   UNRESTRICTED 500
    BERLIN VOLUNTEER FIRE DEPARTMENT
    214 N MAIN ST
    BERLIN,MD21811     		NONE   UNRESTRICTED 500
    BEYOND OUR WALLS
    2615 HARVEY AVE
    NORTH CHARLESTON,SC29405     		NONE   UNRESTRICTED 1,000
    BLESS OUR CHILDREN
    1729 N SALISBURY BLVD
    SALISBURY,MD21801     		NONE   UNRESTRICTED 1,000
    BOYS TOWN
    PO BOX 5000
    BOYS TOWN,NE680109989     		NONE   UNRESTRICTED 60
    CHANGING FATES EQUINE RESCUE OF DE
    31283 OLD CABIN RD
    LAUREL,DE19956     		NONE   UNRESTRICTED 1,000
    CHESAPEAKE BAY FOUNDATION
    PO BOX 17445
    BELTIMORE,MD212988268     		NONE   UNRESTRICTED 100
    COASTAL HOSPICE AT THE OCEAN
    PO BOX 1733
    SALISBURY,MD21802     		NONE   UNRESTRICTED 1,600
    COMMUNITY FOR CORPORAL HEACOOK
    2727 N SALISBURY BLVD
    SALISBURY,MD21801     		NONE   UNRESTRICTED 1,000
    COMMUNITY FOUNDATION OF THE ES
    1324 BELMONT AVE STE 401
    SALISBURY,MD21804     		NON   UNRESTRICTED 2,000
    DELMARVA EVANGHELISTIC CHURCH
    407 GORDY RD
    SALISBURY,MD21804     		NONE   UNRESTRICTED 1,000
    DIAKONIA
    12747 OLD BRIDGE RD
    OCEAN CITY,MD21842     		NONE   UNRESTRICTED 1,500
    EASTERN SHORE OF VA HISTORICAL SOCI
    69 MARKET ST
    ONANCOCK,VA23417     		NONE   UNRESTRICTED 275
    EASTERSEALS
    2800 13TH ST NW
    WASHINGTON,DC20009     		NONE   UNRESTRICTED 250
    FORGE YOUTH & FAMILY ACADEMY
    7804 GUMBORO RD
    PITSVILLE,MD21850     		NONE   UNRESTRICTED 500
    GRACE CENTER
    10226 OLD OCEAN CITY BLVD
    BERLIN,MD21811     		NONE   UNRESTRICTED 500
    GRACE FOUNDATION OF TAYLORS ISLAND
    PO BOX 119
    TAYLORS ISLAND,MD21669     		NONE   UNRESTRICTED 200
    GRASS ROOTS RESCUE
    PO BOX 422
    MILTON,DE19968     		NONE   UNRESTRICTED 1,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE   UNRESTRICTED 200
    JESSE KLUMP MEMORIAL
    10737 PINEY ISLAND DR
    BISHOPVILLE,MD21813     		NONE   UNRESTRICTED 750
    JOHN HOPKINS SCHOOL OF MEDICINE
    PO BOX 17045
    BALTIMORE,MD212970307     		NONE   UNRESTRICTED 50
    JUNIOR ACHIEVEMENT OF ES
    123C CAMDEN STREET
    SALISBURY,MD21801     		NONE   UNRESTRICTED 125
    JUPITER ISLAND HISTORICAL SOCIETY
    PO BOX 938
    HOBE SOUND,FL33475     		NONE   UNRESTRICTED 150
    K & K RAPTORS TRAVEL SOFTBALL
    101 MAIN ST
    HEBRON,MD21830     		NONE   UNRESTRICTED 500
    KINDNESS MATTERS ANIMAL RESCUE
    295 POWELL CIRCLE
    BERLIN,MD21811     		NONE   UNRESTRICTED 1,000
    LIFE CRISIS CENTER
    PO BOX 387
    SALISBURY,MD21803     		NONE   UNRESTRICTED 2,000
    LOWER SHORE LAND TRUST
    9931 OLD OCEAN CITY BLVD
    BERLIN,MD21811     		NONE   UNRESTRICTED 2,500
    LOYOLA ON THE POTOMAC
    9270 LOYOLA RETREAT RD
    NEWBURG,MD20664     		NONE   UNRESTRICTED 100
    MARYLAND COASTAL BAYS
    8219 STEPHEN DECATUR HWY
    BERLIN,MD21811     		NONE   UNRESTRICTED 250
    MARYLAND FOOD BANK
    2200 HALETHORPE FARMS RD
    BALTIMORE,MD21227     		NONE   UNRESTRICTED 500
    MARYLAND PUBLIC POLICY INSTITUTE
    1 RESEARCH CT 450
    ROCKVILLE,MD20850     		NONE   UNRESTRICTED 600
    MEMORIAL SLOAN KETTERING CANCER CEN
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE   UNRESTRICTED 500
    NATIONAL CHILD SAFETY COUNCIL
    ONE WEST MARKET STREET RO
    SNOW HILL,MD21863     		NONE   UNRESTRICTED 500
    NATIONAL FOLK FESTIVAL
    125 N DIVISION STREET
    SALISBURY,MD21801     		NONE   UNRESTRICTED 1,000
    NEW BATHEL BAPTIST CHURCH
    1739 9TH ST NW
    WASHINGTON,DC20001     		NONE   UNRESTRICTED 1,000
    OCEAN CITY MUSEUM SOCIETY INC
    PO BOX 603
    OCEAN CITY,MD21843     		NONE   UNRESTRICTED 2,000
    OLD SALEM MUSEUM & GARDENS
    600 SOUTH MAIN STREET
    WINSTONSALEM,NC27101     		NONE   UNRESTRICTED 500
    PAWS FOR PURPLE HEARTS
    7404 COMMERCE WY
    RUTHER GLEN,VA22546     		NONE   UNRESTRICTED 200
    RECOVERY RESOURCE CENTER
    726 S SALISBURY BLVD
    SALISBURY,MD21804     		NONE   UNRESTRICTED 1,000
    SALISBURY UNIVERSITY FOUNDATION
    1101 CAMDEN AVE
    SALISBURY,MD218016861     		NONE   UNRESTRICTED 1,000
    SOMERSET COUNTY HISTORICAL SOCIETY
    11736 MANSION ST
    PRINCESS ANNE,MD21853     		NONE   UNRESTRICTED 250
    ST MARTIN'S CHURCH FOUNDATION
    513 S MAIN ST
    BERLIN,MD21811     		NONE   UNRESTRICTED 8,000
    ST PAUL'S EPISCOPAL CHURCH OF VIENN
    203 CHURCH ST
    VIENNA,MD21869     		NONE   UNRESTRICTED 1,500
    ST PAUL'S EPISCOPAL CHURCH-WORCESTE
    PO BOX 429
    BERLIN,MD21811     		NONE   UNRESTRICTED 1,000
    ST JOSEPH'S INDIAN SCHOOL
    1301 N MAIN ST
    CHAMBERLAIN,SD57325     		NONE   UNRESTRICTED 25
    STAUNTON MILITARY ACADEMY
    PO BOX 958
    STAUNTON,VA244020958     		NONE   UNRESTRICTED 1,000
    TAYLORVILLE UNITED METHODIST CHURCH
    PO BOX 456
    BERLIN,MD21811     		NONE   UNRESTRICTED 7,000
    THE AMERICAN LEGION
    2308 PHILADELPHIA AVE
    OCEAN CITY,MD21842     		NONE   UNRESTRICTED 100
    THE ATLANTIC CLUB
    PO BOX 563
    OCEAN CITY,MD21843     		NONE   UNRESTRICTED 750
    THE BRIDGE
    PO BOX 680
    MILFORD,DE19963     		NONE   UNRESTRICTED 200
    THE CRICKET CENTER
    PO BOX 97
    BERLIN,MD21811     		NONE   UNRESTRICTED 250
    THE NATURE CONSERVANCY
    1777 N KENT ST 100
    ARLINGTON,VA22209     		NONE   UNRESTRICTED 500
    THE SALVATION ARMY MARYLAND
    814 LIGHT STREET
    BALTIMORE,MD21230     		NONE   UNRESTRICTED 1,500
    TMS- GLOBAL
    PO BOX 922637
    NORCROSS,GA300102637     		NONE   UNRESTRICTED 1,000
    TYREE AME CHURCH
    9004 TRAPPE RD
    BERLIN,MD21811     		NONE   UNRESTRICTED 1,000
    VILLAGE OF HOPE
    1001 LAKE STREET
    SALISBURY,MD21801     		NONE   UNRESTRICTED 1,000
    VIRGINIA EASTERN SHORE LAND TRUST
    PO BOX 1114
    EXMORE,VA23350     		NONE   UNRESTRICTED 1,000
    WACHAPREAGUE VOLUNTEER FIRE COMPANY
    1 HIGH STREET
    WACHAPREAGUE,VA23480     		NONE   UNRESTRICTED 100
    WESLEY THEOLOGICAL SEMINARY ANNUAL
    4500 MASSACHUSETTS AVE NW
    WASHINGTON,DC20016     		NONE   UNRESTRICTED 1,000
    WGP WARRIORS AGAINST ADDICTION
    PO BOX 593
    BERLIN,MD21811     		NONE   UNRESTRICTED 1,000
    WILLIAMS AME CHURCH
    7846 WILLIAMS CHURCH RD
    NEWARK,MD21841     		NONE   UNRESTRICTED 500
    WOMEN SUPPORTING WOMEN
    1320 BELMONT AVE STE 402
    SALISBURY,MD21804     		NONE   UNRESTRICTED 500
    WOR-WIC FOUNDATION
    32000 CAMPUS DR
    SALISBURY,MD21804     		NONE   UNRESTRICTED 1,000
    WORCESTER COMMISION ON AGING
    4767 SNOW HILL RD
    SNOW HILL,MD21863     		NONE   UNRESTRICTED 1,000
    WORCESTER COUNTY HUMANE SOCIETY
    PO BOX 48
    BERLIN,MD21811     		NONE   UNRESTRICTED 2,520
    WORCESTER PREPARATORY SCHOOL
    508 S MAIN ST
    BERLIN,MD21811     		NONE   UNRESTRICTED 5,000
    YUMI CARES
    PO BOX 6695
    ELLICOTT CITY,MD21042     		NONE   UNRESTRICTED 500
    Total .................................bullet 3a 84,715
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 368  
    4 Dividends and interest from securities....     14 42,138  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 49,153  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        8,385
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   91,659 8,385
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    100,044
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    JOAN W JENKINS FOUNDATION INC
     
    Employer identification number

    52-1486477
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    JOAN W JENKINS FOUNDATION INC
          		Employer identification number
    52-1486477
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THE ATLANTIC CLUB
     
    POBOX 563
     
    OCEAN CITY, MD21843

    		$ 57,341


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    JOAN W JENKINS FOUNDATION INC
          		Employer identification number

    52-1486477
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    JOAN W JENKINS FOUNDATION INC
          		Employer identification number

    52-1486477
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


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    TY 2020 DepreciationSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ROUTE 50 BUILDING 1988-09-30 246,530 200,049 S/L 40.0000 6,163 6,163 6,163  
    ROUTE 50 LAND 1988-09-30 75,000              
    ROUTE 50 TELEPHONE 1988-09-30 1,460 1,460   10.0000        
    R0UTE 50 CARPET 1996-07-25 2,340 2,340 S/L 5.0000        
    ROUTE 50 IMPROVEMENT 1998-01-08 4,000 2,275 S/L 40.0000 100 100 100  
    NEW HEATING & AIR UNIT 1998-10-01 52,600 28,930 S/L 40.0000 1,315 1,315 1,315  
    CAPIT. LABOR-HEATING UNIT 1998-11-19 9,916 5,412 S/L 40.0000 248 248 248  
    FURNISHINGS 2005-03-02 9,000 9,000 S/L 7.0000        
    ICE MAKER 2012-09-04 2,930 2,930 S/L 7.0000        
    DELAWARE ELEVATOR 2017-09-06 10,000 780 S/L 39.0000 256 256 256  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PAYDEN LOW DURATION BOND FUND 137,282 139,863
    DODGE & COX INCOME FUND 786,717 782,566

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES INC 10,203 23,626
    ABBVIE INC 17,308 19,417
    AMERICAN ELECTRIC POWER INC 11,693 15,424
    APPLE INC 2,943 11,320
    BANK OF AMERICA 4,433 7,853
    BROADCOM IN 15,802 26,671
    CHEVRON CORPORATION 29,093 28,812
    CISCO SYSTEMS 15,729 27,215
    DELAWARE VALUE FUND R 6 4,700 6,004
    FEDERATED STRATEGIC VALUE FD 75,000 92,167
    JOHNSON AND JOHNSON 12,535 19,380
    KEURIG DR PEPPER INC 11,408 4,270
    KIMBERLY CLARK CORP 11,637 12,184
    MERCK & CO 14,911 18,778
    MICROSOFT CORP 13,210 70,480
    NEXTERA ENERGY INC 11,795 32,978
    PFIZER 30,702 40,860
    POLEN GROWTH FUND INS 8,000 10,979
    PRUDENTIAL FINANCIAL INC 15,745 20,304
    TRUIST FINANCIAL CORP 4,200 5,513
    VERIZON COMMUNICATIONS 32,034 32,136
    WEC ENERGY GROUP 12,552 19,404
    WISDOM TREE US LARGE CAP DIV FUND 82,517 208,758
    VIATRIS 1,681 1,585

    TY 2020 LandEtcSchedule2
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING 323,046 245,528 77,518 100,000
    EQUIPMENT 4,390 4,390   1,000
    FURNITURE&FIXTURE 11,340 11,340   1,000
    LAND 75,000   75,000 75,000


    TY 2020 OtherExpensesSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE BUILDING & CONTENTS 10,234 10,234 10,234  
    WORKMENS COMPENSATION 736 736 736  
    PAYROLL PROCESSING FEES 1,900 1,900 1,900  


    TY 2020 OtherLiabilitiesSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Description Beginning of Year - Book Value End of Year - Book Value
    LOAN PAYABLE 24,400 25,905


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 4,918 4,918 4,918  


    TY 2020 TaxesSchedule
    Name:
    JOAN W JENKINS FOUNDATION INC
    EIN:
    52-1486477
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 11,467 11,467 11,467  
    TAXES