Jerome L Greene Foundation Inc
- Assets
- $761.2m
- Revenue
- $44.1m
- Investments
- $726.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 13-2960852
Organization Overview
Jerome L Greene Foundation Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerome L Greene 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.
For the year ending 12/2021, Jerome L Greene Foundation Inc generated $44.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $39.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jerome L Greene Foundation Inc has awarded 187 individual grants totaling $112,014,587. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Mcinerney President And CEO | 40 | $150,000 | |
Hildy Simmons Chair | 1 | $0 | |
Dr Jonathan Fanton End 1022 Director | 1 | $0 | |
Dr Jeremiah Barondess End 122 Director | 1 | $0 | |
Karen Brooks Hopkins Director | 1 | $0 | |
Brad S Karp Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackstone | 12/30/22 | $1,330,395 |
Robert Weissenstein | 12/30/22 | $700,000 |
Ubs Financial Services Inc | 12/30/22 | $606,019 |
Us Trust Bank Of America Pwm | 12/30/22 | $487,398 |
Merrill Lynch | 12/30/22 | $203,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,738,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,152,374 |
| Capital Gain Net Income | $20,152,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $170,012 |
| Total Revenue | $44,061,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $511,144 |
| Other employee salaries and wages | $375,973 |
| Pension plans, employee benefits | $42,495 |
| Interest | $33,760 |
| Taxes | $192,345 |
| Depreciation | $64,403 |
| Occupancy | $149,789 |
| Travel, conferences, and meetings | $5,448 |
| Printing and publications | $1,650 |
| Other expenses | $52,184 |
| Total operating and administrative expenses | $5,546,847 |
| Contributions, gifts, grants paid | $33,659,000 |
| Total expenses and disbursements | $39,205,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,920 |
| Savings and temporary cash investments | $32,428,985 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $99,657,393 |
| Net Land, buildings, and equipment | $1,980,399 |
| Other assets | $0 |
| Total assets | $761,173,462 |
| Accounts payable and accrued expenses | $2,184 |
| 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 | $2,184 |
Grants Awarded
Over the last fiscal year, Jerome L Greene Foundation Inc has awarded $31,380,180 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $1,000,000 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $1,050,000 |
ASIAN AMERICAN LEGAL DEFENSE AND EDUCATION FUND PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $250,000 |
BALLET HISPANICO OF NEW YORK PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $100,000 |
BROOKLYN ACADEMY OF MUSIC INC PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $500,000 |
CENTER FOR POPULAR DEMOCRACY PURPOSE: FURTHER 501(C)(3) CHARITABLE PURPOSE | $500,000 |