Fjc
- Assets
- $362.4m
- Revenue
- $42.0m
- Investments
- $52.1m
- Employees
- 12
- Location
- New York, NY
- Founding
- 01/1996
- Data as of
- 03/2021
- EIN
- 13-3848582
Organization Overview
Fjc, operating under the name Fjc - A Foundation Of Philanthropic, is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. As of 03/2021, Fjc - A Foundation Of Philanthropic employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 03/2021, Fjc - A Foundation Of Philanthropic generated $42.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $32.0m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fjc - A Foundation Of Philanthropic has awarded 1,608 individual grants totaling $69,456,747. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAXIMIZE THE IMPACT OF CHARITABLE DOLLARS; CREATE INNOVATIVE AND CUSTOMIZEZD SOLUTIONS; AND TO RESPOND TO THE NEEDS OF DONORS, NFP BORROWERS AND OTHER CHARITABLE AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR ADVISED FUNDS & SPECIALIZED ACCOUNTS. FJC PROVIDES A BOUTIQUE, CUSTOMIZABLE SERVICE TO ITS ACCOUNT HOLDERS, COLLABORATING WITH IMAGINATIVE DONORS WHO SEEK MORE CREATIVE APPROACHES. WHILE MOST ACCOUNT HOLDERS AT FJC USE DONOR ADVISED FUND (DAF) ACCOUNTS FAIRLY CONVENTIONALLY (RECOMMENDING GRANTS TO THEIR FAVORITE CHARITIES), WE ACCOMMODATE DONORS WHO WANT TO DEPLOY FUNDS AS LOANS, RECOVERABLE GRANTS, OR IMPACT INVESTMENTS. WE HAVE HOSTED FUNDER COLLABORATIVES, SCHOLARSHIP AND AWARD PROGRAMS, AND OTHER VARIATIONS ON PHILANTHROPIC ACCOUNTS THAT MEET THE NEEDS OF BOTH DONORS AND AN EVOLVING NONPROFIT SECTOR.
FISCAL SPONSORSHIP. FJC INCUBATES A WIDE RANGE OF NONPROFIT ORGANIZATIONS AND PROJECTS THAT HAVE NOT RECEIVED THEIR 501(C)(3) STATUS. OUR SCALED PLATFORM PROVIDES OPERATIONAL EFFICIENCIES TO PARTICIPANTS, ALLOWING THEM TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS AS GRANTS OR VENDOR PAYMENTS. WHILE SOME ORGANIZATIONS "GRADUATE" FROM OUR FISCAL SPONSORSHIP AND RECEIVE THEIR OWN 501(C)(S) DESIGNATION, OTHERS PREFER TO STAY WITH FJC TO TAKE ADVANTAGE OF OUR COST EFFECTIVE SERVICES. THE PROGRAM IS FLEXIBLE REGARDING MISSION, SERVING ORGANIZATIONS WHO FOCUS ON ARTS, EDUCATION, SOCIAL SERVICES, HEALTH, RELIGION, THE ENVIRONMENT, AND MORE.
AGENCY LOAN FUND. A BESPOKE IMPACT INVESTMENT OFFERED TO OUR DONORS AS PART OF OUR STANDARD INVESTMENT MENU, FJC'S AGENCY LOAN FUND (ALF) ALLOWS DONORS THE OPPORTUNITY TO INVEST A PORTION OF THEIR ACCOUNTS IN LOANS TO A DIVERSIFIED POOL OF NONPROFIT ORGANIZATIONS. FJC STAFF ORIGINATE AND UNDERWRITE THESE LOANS. INTEREST AND PRINCIPAL PAYMENTS FROM THE LOANS GROW THE ACCOUNTS OF PARTICIPATING DONORS (TYPICALLY BETWEEN 3-4% PER ANNUM). IN ADDITION TO FJC'S RIGOROUS CREDIT STANDARDS, CREDIT ENHANCEMENT ON THE POOL PROTECTS DONORS FROM PRINCIPAL LOSSES. SINCE INCEPTION, FJC HAS DEPLOYED OVER $370 MILLION IN LOANS THROUGH ALF. FJC CURRENTLY HAS $28.6 MILLION IN LOANS OUTSTANDING WITH 22 NONPROFIT BORROWERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Marks CEO | Officer | 40 | $252,905 |
Mark Cohen Asst. Secretary, Chief Legal Officer | Officer | 40 | $209,102 |
Regina A Rodriguez Cfo/cio | Officer | 40 | $176,397 |
Meghan Hudson COO | Officer | 40 | $150,557 |
Orlando Colon Controller | 40 | $130,390 | |
Henry Bubel Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Heath Ventures Advisory | 3/30/21 | $110,250 |
Fiduciary Technology Partners Llc Software Subscription And Maintenance | 3/30/21 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,412,976 |
| Noncash contributions included in lines 1a–1f | $10,784,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,412,976 |
| Total Program Service Revenue | $2,407,995 |
| Investment income | $3,435,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,763,248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,019,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,467,602 |
| Grants and other assistance to domestic individuals. | $5,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $468,753 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $925,064 |
| Compensation of current officers, directors, key employees. | $444,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,124 |
| Pension plan accruals and contributions | $10,318 |
| Other employee benefits | $162,484 |
| Payroll taxes | $81,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $553,233 |
| Fees for services: Other | $75,240 |
| Advertising and promotion | $5,735 |
| Office expenses | $68,981 |
| Information technology | $138,625 |
| Royalties | $0 |
| Occupancy | $135,799 |
| Travel | $4,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,786 |
| Insurance | $31,537 |
| All other expenses | $0 |
| Total functional expenses | $32,030,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,518,286 |
| Savings and temporary cash investments | $86,092,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,115 |
| Investments—publicly traded securities | $176,449,325 |
| Investments—other securities | $52,053,364 |
| Investments—program-related | $41,612,675 |
| Intangible assets | $0 |
| Other assets | $4,589,287 |
| Total assets | $362,350,786 |
| Accounts payable and accrued expenses | $142,524 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,491,281 |
| Total liabilities | $42,633,805 |
| Net assets without donor restrictions | $316,593,837 |
| Net assets with donor restrictions | $3,123,144 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $362,350,786 |
Grants Awarded
Over the last fiscal year, Fjc has awarded $20,404,862 in support to 570 organizations.
| Grant Recipient | Amount |
|---|---|
Bronx, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,200,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,003,400 |
Airmont, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
Brooklyn, NY PURPOSE: GENERAL OPERATING SUPPORT | $475,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $450,201 |
New Haven, CT PURPOSE: GENERAL OPERATING SUPPORT | $368,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Fjc has recieved totaling $798,393.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $347,661 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $207,359 |
Koret Foundation San Francisco, CA PURPOSE: RECOMMENDED FOR THE JEWISH COMMUNITY OF POLAND FUND FOR THE CHIEF RABBI OF POLAND | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $57,985 |
Covenant Foundation New York, NY PURPOSE: See Part IV | $50,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $10,025 |
Endowment Analysis
| Beg. Balance | $21,760,585 |
| Earnings | $5,944,595 |
| Net Contributions | $2,499,754 |
| Ending Balance | $30,204,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fjc New York, NY | $362,350,786 | $42,019,620 |
Eac Inc Hempstead, NY | $12,545,569 | $29,242,874 |
Community Legal Aid Inc Worcester, MA | $10,053,952 | $11,666,815 |
Cfa Society Boston Inc Boston, MA | $4,708,519 | $1,832,964 |
Storeworkers Security Plan Astoria, NY | $8,531,484 | $697,841 |
I Have A Dream Foundation New York, NY | $3,368,585 | $1,236,523 |
New Jersey Association For Justice Educational Foundation Inc Trenton, NJ | $803,450 | $780,111 |
Childrens Law Center Inc Hartford, CT | $1,642,927 | $1,107,033 |
West Family Foundation Paoli, PA | $0 | $250,251 |
The Eder Family Foundation Inc West Haven, CT | $6,556,003 | $390,678 |
First Friends Of New Jersey And New York Kearny, NJ | $270,733 | $469,954 |
Academy Of Trial Lawyers Of Allegheny County Pittsburgh, PA | $199,425 | $482,716 |