Jain Foundation Inc
- Assets
- $28.3m
- Revenue
- $4.6m
- Investments
- $26.8m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-0284800
Organization Overview
Jain Foundation Inc is located in Seattle, WA. The organization was established in 2006. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jain Foundation Inc 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 12/2021, Jain Foundation Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jain Foundation Inc has awarded 201 individual grants totaling $18,890,190. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT.
SEE STATEMENT.
SEE STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashkay Jain CEO | 40 | $180,642 | |
Doug Albrecht PHD Co-President | 40 | $173,603 | |
Laura E Rufibach Co-President | 40 | $173,603 | |
Bradley A Williams Dir. Research | 40 | $121,412 | |
Sarah S Emmons Dir. Patient | 40 | $119,765 | |
Laurie R Long Office Mgmt | 40 | $63,603 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $198 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,253,569 |
| Capital Gain Net Income | $4,253,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $320,000 |
| Total Revenue | $4,573,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $527,848 |
| Other employee salaries and wages | $304,779 |
| Pension plans, employee benefits | $91,230 |
| Interest | $0 |
| Taxes | $51,483 |
| Depreciation | $0 |
| Occupancy | $96,960 |
| Travel, conferences, and meetings | $1,378 |
| Printing and publications | $1,525 |
| Other expenses | $229,046 |
| Total operating and administrative expenses | $1,350,953 |
| Contributions, gifts, grants paid | $2,709,094 |
| Total expenses and disbursements | $4,060,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,432,858 |
| 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 | $66,308 |
| Net Investments - land, buildings, equipment | $1,410 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,293,221 |
| Accounts payable and accrued expenses | $7,425 |
| 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 | $7,425 |
Grants Awarded
Over the last fiscal year, Jain Foundation Inc has awarded $2,709,094 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
NEWCASTLE UNIVERSITY DR STRAUB PURPOSE: SCIENTIFIC RESEARCH GRANT | $939,234 |
UNIVERSITY OF MARYLAND DR BLOCH PURPOSE: SCIENTIFICRESEARCH GRANT | $212,882 |
DUKE UNIVERSITY DR BURSAC PURPOSE: SCIENTIFIC RESEARCH GRANT | $190,790 |
BRIGHAM AND WOMEN'S HOSPITAL DR KEL PURPOSE: SCIENTIFICRESEARCH GRANT | $159,741 |
NY UNIVERSITY DR UN JUNG KANG PURPOSE: SCIENTIFICRESEARCH GRANT | $150,000 |
WAYNE STATE DR DRESCHER PURPOSE: SCIENTIFICRESEARCH GRANT | $114,421 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jain Foundation Inc has recieved totaling $131,500.
| Awarding Organization | Amount |
|---|---|
Lgmd2d Foundation Kentfield, CA PURPOSE: TO SUPPORT RESEARCH AND CLINICAL TRIALS TO SPEED THE DEVELOPMENT OF TREATMENTS AND CURES FOR LIMB-GIRDLE MUSCULAR DYSTROPHY TYPE 2D (LGMD2D). | $130,000 |
Kurt Peter Foundation Menlo Park, CA PURPOSE: ONE GRANT WAS MADE TOTALING $1,500 TO HELP FUND A LGMD RESEARCH SCHOLARSHIP JOINTLY WITH OTHER LGMD FOUNDATIONS. THESE PAYMENTS WERE MADE IN SUPPORT OF THE ORGANIZATION'S PRIMARY MISSION. | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boyer Childrens Clinic Seattle, WA | $12,063,796 | $9,909,435 |
Jain Foundation Inc Seattle, WA | $28,293,221 | $4,573,767 |
Amyotrophic Lateral Sclerosis Association Portland, OR | $3,939,845 | $4,368,601 |
Amyotrophic Lateral Sclerosis Association Kent, WA | $1,215,632 | $1,341,750 |
Parkinsons Resources Of Oregon Beaverton, OR | $3,158,996 | $1,166,467 |
Alaska Brain Injury Network Inc Anchorage, AK | $209,062 | $434,369 |
Peter Cohen Foundation Seattle, WA | $699,618 | $634,158 |
Neurological Vocational Services Seattle, WA | $36,025 | $46,997 |
Joy Thru Tears Foundation Auburn, WA | $3,062 | $13,102 |
Sherri Little Foundation Inc Tigard, OR | $0 | $80 |
Oregon Fibromyalgia Foundation Portland, OR | $4,298 | $0 |