New York Jets Foundation Inc
- Assets
- $12.2m
- Revenue
- $3.0m
- Investments
- $8.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1971
- Data as of
- 12/2022
- EIN
- 23-7108291
Organization Overview
New York Jets Foundation Inc is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 York Jets 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 12/2022, New York Jets Foundation Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New York Jets Foundation Inc has awarded 109 individual grants totaling $2,643,415. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING A JETS PLAY 60 FITNESS ZONE IN AN UNDERSERVED COMMUNITY.
PROVIDING SPORTS AND EDUCATION OPPORTUNITIES TO POSITIVELY INFLUENCE THE LIVES OF YOUNG PEOPLE IN THE TRI-STATE AREA FROM DISADVANTAGED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Friedman Treasurer/coo | 1 | $0 | |
Christopher W Johnson Vice Chairman | 1 | $0 | |
Jesse Linder Vp, Community Relations | 1 | $0 | |
Hymie Elhai President & Secretary | 1 | $0 | |
Ira Akselrad Executive Vice President | 1 | $0 | |
Robert W Johnson IV Chairman/ceo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,798,812 |
| Interest on Savings | $143,996 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,250 |
| Total Revenue | $3,004,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,635,126 |
| Total operating and administrative expenses | $1,658,586 |
| Contributions, gifts, grants paid | $1,148,783 |
| Total expenses and disbursements | $2,807,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,007,713 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $918,096 |
| 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 | $12,241,030 |
| Accounts payable and accrued expenses | $77,102 |
| 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 | $77,102 |
Grants Awarded
Over the last fiscal year, New York Jets Foundation Inc has awarded $1,148,783 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALSAC ST JUDE CHILDREN'S PURPOSE: GENERAL SUPPORT | $10,000 |
ALL STAR PROJECT INC PURPOSE: GENERAL SUPPORT | $15,000 |
ANTHONTY BECHT FOOTBALL CAMP PURPOSE: GENERAL SUPPORT | $5,000 |
BIG BORTHERS BIG SISTERS OF COASTAL & PURPOSE: GENERAL SUPPORT | $2,729 |
BIG BROTHERS BIG SISTERS OF NYC PURPOSE: GENERAL SUPPORT | $10,000 |
CENTRAL MASS FLAG FOOTBALL PURPOSE: GENERAL SUPPORT | $5,000 |