J M S Foundation Inc
- Assets
- $2.9m
- Revenue
- -$386.4k
- Investments
- $2.8m
- Employees
- 0
- Location
- Massapequa, NY
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 06-1507500
Organization Overview
J M S Foundation Inc is located in Massapequa, NY. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M S Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, J M S Foundation Inc has awarded 84 individual grants totaling $989,805. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS AT PAROCHIAL SCHOOLS & CATHOLIC COLLEGES AND UNIVERSITIES AND OTHER DESIGNATED SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Pelosi President | 40 | $75,000 | |
Walter Cook Treas/sec | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$449,029 |
| Capital Gain Net Income | $10,163 |
| Net ST Capital Gain | $2,792 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$386,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,983 |
| Interest | $0 |
| Taxes | $6,224 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,348 |
| Total operating and administrative expenses | $99,555 |
| Contributions, gifts, grants paid | $100,191 |
| Total expenses and disbursements | $199,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,048 |
| Savings and temporary cash investments | $21,914 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,484 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,869,398 |
| Accounts payable and accrued expenses | $9,766 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,766 |
Grants Awarded
Over the last fiscal year, J M S Foundation Inc has awarded $100,191 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMINDE HIGH SCHOOL PURPOSE: TO PAY TUITION | $7,460 |
MARIA REGINA SCHOOL PURPOSE: TO PAY TUITION | $10,000 |
ST ANTHONY'S HIGH SCHOOL PURPOSE: TO PAY TUITION | $39,089 |
NOTRE DAME REGIONAL HS PURPOSE: TO PAY TUITION | $25,500 |
HOLY CROSS HIGH SCHOOL PURPOSE: TO PAY TUITION | $4,847 |
ST FRANCIS COLLEGE PURPOSE: TO PAY TUITION | $7,500 |