Betty V And John M Jacobson Foundation
- Assets
- $1.0m
- Revenue
- $54.2k
- Investments
- $976.3k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 27-0412575
Organization Overview
Betty V And John M Jacobson Foundation is located in Akron, OH. The organization was established in 2012. 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. Betty V And John M Jacobson 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 12/2022, Betty V And John M Jacobson Foundation generated $54.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $111.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Betty V And John M Jacobson Foundation has awarded 45 individual grants totaling $330,500. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Weschler President | 1 | $0 | |
Robert W Briggs Chairman | 1 | $0 | |
Philip C Bradley Sec. & Treas. | 1 | $0 | |
Nancy Gotfredson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,132 |
| Capital Gain Net Income | $10,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,640 |
| Total Revenue | $54,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,008 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $16,170 |
| Contributions, gifts, grants paid | $95,500 |
| Total expenses and disbursements | $111,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,572 |
| 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 | $933,692 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,006,859 |
| 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 | $629 |
| Total liabilities | $629 |
Grants Awarded
Over the last fiscal year, Betty V And John M Jacobson Foundation has awarded $95,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CANTON REGIONAL FOOD BANK PURPOSE: GENERAL OPERATIONS | $5,000 |
NATIONAL INVENTORS HALL OF FAME INC PURPOSE: CAMP INVENTION 2022 | $10,000 |
NORTH HILL COMMUNITY HOUSE PURPOSE: SUMMER BUILDINGBLOCKS PROGRAM/GENERAL SUPPORT | $10,000 |
BROKEN CHAINS MINISTRY PURPOSE: SUPPORT LYDIA'S HOUSEFOR HERION-ADDICTEDWOMEN IN RECOVERY | $5,000 |
HEART-TO-HEART COMMUNICATIONS PURPOSE: LEADERSHIP PROGRAM SCHOLARSHIPS FOR IN-NEED PARTICIPANTS | $3,000 |
STAN HYWET HALL & GARDENS PURPOSE: MATCHING GRANT/GENERAL OPERATIONS | $16,500 |