Jephson Educational Tr 2
- Assets
- $8.5m
- Revenue
- $551.9k
- Investments
- $8.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1980
- Data as of
- 09/2023
- EIN
- 13-6777236
Organization Overview
Jephson Educational Tr 2 is located in Chicago, IL. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jephson Educational Tr 2 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 09/2023, Jephson Educational Tr 2 generated $551.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $657.8k during the year ending 09/2023. While expenses have increased by 1.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jephson Educational Tr 2 has awarded 194 individual grants totaling $2,387,990. 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 |
|---|---|---|---|
Jp Morgan Chase Bank N A Trustee | 2 | $118,726 | |
Robert D Taisey ESQ Co-Trustee | 2 | $14,786 | |
John F Parkin Co-Trustee | 2 | $14,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $247,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $304,352 |
| Capital Gain Net Income | $304,352 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $551,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $148,298 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $154,826 |
| Contributions, gifts, grants paid | $502,990 |
| Total expenses and disbursements | $657,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,219 |
| Savings and temporary cash investments | $136,932 |
| 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 | $490,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,502,044 |
| 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, Jephson Educational Tr 2 has awarded $502,990 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
NORWICH UNIVERSITY PURPOSE: GENERAL | $15,000 |
LONG TRAIL SCHOOL INC PURPOSE: GENERAL | $20,000 |
BOSTON CONSERVATORY PURPOSE: GENERAL | $25,000 |
CLARKE SCHOOL FOR THE DEAF PURPOSE: GENERAL | $10,000 |
METROPOLITAN OPERA ASSOCIATION PURPOSE: GENERAL | $30,000 |
METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL | $5,000 |