The New Jerusalem Foundation
- Assets
- $4.0m
- Revenue
- $719.1k
- Investments
- $3.7m
- Employees
- 0
- Location
- San Marcos, CA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 20-7370119
Organization Overview
The New Jerusalem Foundation is located in San Marcos, CA. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. New Jerusalem 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 12/2021, New Jerusalem Foundation generated $719.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nan Zhou Trustee/president | 40 | $227,448 | |
Zhi Qiang Jacob Zhou Trustee | 30 | $151,632 | |
Joseph Zhou Trustee | 30 | $62,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40 |
| Dividends & Interest | $61,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $611,241 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,647 |
| Total Revenue | $719,077 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $441,096 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $177,500 |
| Interest | $0 |
| Taxes | $28,515 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $521 |
| Printing and publications | $304 |
| Other expenses | $132,648 |
| Total operating and administrative expenses | $784,234 |
| Contributions, gifts, grants paid | $248,915 |
| Total expenses and disbursements | $1,033,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,733 |
| 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 | $38,500 |
| Total assets | $3,966,500 |
| 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 | $25,348 |
| Total liabilities | $25,348 |
Grants Awarded
Over the last fiscal year, The New Jerusalem Foundation has awarded $248,915 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Highland Heights, OH PURPOSE: CHRITIAN MISSIONARY | $100,000 |
Fort Worth, TX PURPOSE: CHRITIAN MISSIONARY | $50,000 |
El Monte, CA PURPOSE: CHRITIAN MISSIONARY | $30,000 |
LIFE BRIDGE PURPOSE: CHRITIAN MISSIONARY | $25,000 |
9 MARKS PURPOSE: CHRITIAN MISSIONARY | $20,000 |
HIS FOUNDATION PURPOSE: CHRITIAN MISSIONARY | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |