Jjc Foundation
- Assets
- $5.3m
- Revenue
- $297.0k
- Investments
- $4.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1997
- Data as of
- 10/2023
- EIN
- 13-3922180
Organization Overview
Jjc Foundation is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jjc Foundation 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 10/2023, Jjc Foundation generated $297.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $439.5k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jjc Foundation has awarded 76 individual grants totaling $2,695,528. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
JJC FOUNDATION'S DIRECT CHARITABLE ACTIVITY IS TO ASSIST IN THE PUBLICATION OF THE CLAY SANSKRIT LIBRARY, WHICH WAS CREATED TO INTRODUCE CLASSICAL SANSKRIT TO A WIDE GLOBAL READERSHIP. THE FOUNDATION FACILITATES THIS INTRODUCTION BY FUNDING THE TRANSLATION OF SANSKRIT TEXT INTO ENGLISH. SEE WWW.CLAYSANSKRITLIBRARY.ORG FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mary Ellen Clay President | 10 | $0 | |
Sharon Trulock Tresurer VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,157 |
| Dividends & Interest | $51,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,020 |
| Capital Gain Net Income | $194,020 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,602 |
| Total Revenue | $296,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,458 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124,373 |
| Total operating and administrative expenses | $189,462 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $439,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,151,560 |
| 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 | $2,757,375 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,262,017 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Jjc Foundation has awarded $250,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
TRAIN FOUNDATION PURPOSE: SUPPORT THE CIVIL COURAGE AWARD | $20,000 |
NYU- LANGONE MEDICAL CENTER PURPOSE: SUPPORT PULMONARY DEPT | $5,000 |
LENOX HILL HOSPITAL PURPOSE: GENERAL SUPPORT | $5,000 |
THE ASIA SOCIETY PURPOSE: GENERAL SUPPORT | $20,000 |
MADISON SQUARE CONSERVANCY PURPOSE: GENERAL SUPPORT | $10,000 |
THE METROPOLITAN OPERA PURPOSE: GENERAL SUPPORT | $90,000 |