The Jose M Garcia Foundation Inc
- Assets
- $0.0
- Revenue
- $228.6k
- Investments
- $4.5m
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- 12/1995
- Data as of
- 10/2020
- EIN
- 22-3369956
Organization Overview
The Jose M Garcia Foundation Inc is located in West Orange, NJ. The organization was established in 1995. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jose M Garcia 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 10/2020, Jose M Garcia Foundation Inc generated $228.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $525.2k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jose M Garcia Foundation Inc has awarded 63 individual grants totaling $2,130,375. 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 |
|---|---|---|---|
Gordon D Meyer Vice President | 2.5 | $13,000 | |
Donald H Quinn President | 2.5 | $13,000 | |
Laura Figueroa Secretary/treasurer | 1.5 | $13,000 | |
Jorge Corominal Assistant Secretary | 0.5 | $13,000 | |
Ella Glover Vice President | 0.5 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,858 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $228,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $36,712 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,032 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $195,240 |
| Contributions, gifts, grants paid | $330,000 |
| Total expenses and disbursements | $525,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,322 |
| Investments—mortgage loans | $3,387 |
| Investments—other | $4,510,875 |
| Other assets | $313,039 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $611,336 |
Grants Awarded
Over the last fiscal year, The Jose M Garcia Foundation Inc has awarded $330,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Unity Village, MO PURPOSE: GENERAL OPERATING | $132,000 |
Burlington, NJ PURPOSE: GENERAL OPERATING | $66,000 |
SOUTH EAST ASIA PRAYER CENTER PURPOSE: GENERAL OPERATING | $35,500 |
Wyckoff, NJ PURPOSE: GENERAL OPERATING | $28,000 |
West Orange, NJ PURPOSE: GENERAL OPERATING | $26,000 |
HERITAGE LIBRARY FOUNDATION INC PURPOSE: GENERAL OPERATING | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheetz Family Charities Inc Altoona, PA | $8,145,405 | $4,240,002 |
Ryans Case For Smiles Wayne, PA | $1,412,033 | $1,300,303 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Balakian Family Foundation Tenafly, NJ | $0 | -$1,634 |
Songs Of Love Foundation Forest Hills, NY | $1,668,057 | $546,584 |
Clark Gillies Foundation Farmingdale, NY | $420,107 | $657,215 |
Juvenile Diabetes Cure Alliance New York, NY | $104,904 | $568,991 |
The Jose M Garcia Foundation Inc West Orange, NJ | $0 | $228,578 |
Nissim Veniflaot Lakewood, NJ | $117,648 | $332,628 |