J M Foundation
- Assets
- $0.0
- Revenue
- $957.0k
- Investments
- $25.5m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/1936
- Data as of
- 12/2019
- EIN
- 13-6068340
Organization Overview
J M Foundation is located in Milwaukee, WI. The organization was established in 1936. 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. J M 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 12/2019, J M Foundation generated $957.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J M Foundation has awarded 20 individual grants totaling $1,083,500. 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 |
|---|---|---|---|
Carl Helstrom Executive Director/asst Tr | 20 | $118,870 | |
Chris Olander Exec Dir Emeritus/asst Sec | 10 | $21,000 | |
Jeremiah Bogert Vice President | 1 | $0 | |
Peter C Morse Secretary/treasurer | 1 | $0 | |
Jeremiah Milbank III President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silvercrest Special | 12/30/20 | $67,287 |
Silvercrest Asset Management Group | 12/30/20 | $150,120 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $512,975 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $956,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,870 |
| Pension plans, employee benefits | $34,872 |
| Depreciation | $0 |
| Occupancy | $17,508 |
| Travel, conferences, and meetings | $11,349 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $536,690 |
| Contributions, gifts, grants paid | $984,200 |
| Total expenses and disbursements | $1,520,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,753 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,541,549 |
| Other assets | $314,732 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $583,184 |
Grants Awarded
Over the last fiscal year, J M Foundation has awarded $1,083,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HOOVER INSTITUTION PURPOSE: GENERAL SUPPORT | $290,000 |
Atlanta, GA PURPOSE: LEADERSHIP DEVELOPMENT AT LOCAL CLUBS | $260,000 |
BOARD MATCHING GIFTS PURPOSE: GENERAL SUPPORT | $85,500 |
Lexington, KY PURPOSE: GENERAL SUPPORT | $75,000 |
Charleston, SC PURPOSE: GENERAL SUPPORT | $60,000 |
Tallahassee, FL PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |