Jrm Family Foundation
- Assets
- $710.5k
- Revenue
- $20.7k
- Investments
- $612.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1998
- Data as of
- 01/2023
- EIN
- 36-4216229
Organization Overview
Jrm Family Foundation is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Jrm Family 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 01/2023, Jrm Family Foundation generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $2.7k during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (46.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jrm Family Foundation has awarded 74 individual grants totaling $573,370. 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 |
|---|---|---|---|
Jeanne Randall Malkin President | 0 | $0 | |
Ariel Schaffner Towers Treasurer | 0.25 | $0 | |
Alan Schaffner Vice Preside | 0.25 | $0 | |
Harvey Schaffner Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $125 |
| Dividends & Interest | $18,613 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,983 |
| Capital Gain Net Income | $1,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $940 |
| Total operating and administrative expenses | $2,690 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $98,006 |
| 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 | $710,491 |
| 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, Jrm Family Foundation has awarded $60,880 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ART ENCOUNTER PURPOSE: CHARITABLE | $500 |
ILLINOIS HOLOCAUST MUSEUM PURPOSE: CHARITABLE | $10,000 |
CINEMA CHICAGO PURPOSE: CHARITABLE | $45,000 |
ART INSTITUTE OF CHICAGO PURPOSE: CHARTITABLE | $80 |
SOCIETY OF CONTEMPORARY ART PURPOSE: CHARITABLE | $2,000 |
GOODMAN THEATRE PURPOSE: CHARITABLE | $1,000 |