Japajag Foundation
- Assets
- $27.1k
- Revenue
- $3.8k
- Investments
- $24.5k
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 04/1967
- Data as of
- 08/2023
- EIN
- 13-6212462
Organization Overview
Japajag Foundation is located in Wilmington, NC. The organization was established in 1967. 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. Japajag 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 08/2023, Japajag Foundation generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $14.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey B Henriques Trustee | 0 | $0 | |
Judith R Pierce Trustee | 0 | $0 | |
Peter R Henriques Trustee | 0 | $0 | |
Gloria H Patterson Trustee | 0 | $0 | |
Charles D Pierce Administrato | 0 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600 |
| Interest on Savings | $0 |
| Dividends & Interest | $235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,012 |
| Capital Gain Net Income | $2,846 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,082 |
| Contributions, gifts, grants paid | $11,450 |
| Total expenses and disbursements | $14,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,530 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,067 |
| 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, Japajag Foundation has awarded $11,450 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE FOR GRACE KITTY RESCUE PURPOSE: UNRESTRICTED CONTRIBUTION | $250 |
A PLACE FOR GRACE KITTY RESCUE PURPOSE: UNRESTRICTED CONTRIBUTION | $250 |
A PLACE FOR GRACE KITTY RESCUE PURPOSE: UNRESTRICTED CONTRIBUTION | $250 |
ALL CLASSICAL PUBLIC MEDIA PURPOSE: UNRESTRICTED CONTRIBUTION | $150 |
ALZHEIMER DISEASE FUND PURPOSE: UNRESTRICTED CONTRIBUTION | $100 |
AMERICAN RED CROSS PURPOSE: UNRESCTRICTED CONTRIBUTION | $250 |