Jacobs Family Foundation Inc
- Assets
- $148.5k
- Revenue
- $8.2k
- Investments
- $143.8k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 22-3550022
Organization Overview
Jacobs Family Foundation Inc is located in Vero Beach, FL. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Jacobs Family 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 12/2023, Jacobs Family Foundation Inc generated $8.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $8.4k during the year ending 12/2023. 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 |
|---|---|---|---|
Dale Jacobs President | 1 | $0 | |
James A Jacobs Vice President | 1 | $0 | |
Diane Sanchez Trustee | 1 | $0 | |
Mark Jacobs Trustee | 1 | $0 | |
Betty Jacobs Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,877 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $985 |
| Contributions, gifts, grants paid | $7,365 |
| Total expenses and disbursements | $8,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,612 |
| 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 | $148,461 |
| 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, Jacobs Family Foundation Inc has awarded $7,365 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSOVER MISSION INC PURPOSE: GENERAL CHARITABLE PURPOSE | $900 |
SHINING LIGHT GARDEN FOUNDATION INC PURPOSE: GENERAL CHARITABLE PURPOSE | $250 |
HAITI PARTNERS PURPOSE: GENERAL CHARITABLE PURPOSE | $100 |
COMMUNITY CHURCH OF VERO BEACH PURPOSE: GENERAL CHARITABLE PURPOSE | $3,000 |
GRAND HARBOR COMMUNITY OUTREACH PURPOSE: GENERAL CHARITABLE PURPOSE | $1,250 |
ST LABRE INDIAN SCHOOL PURPOSE: EDUCATIONAL PURPOSES | $100 |