Jacob Best Foundation
- Assets
- $3.5m
- Revenue
- $232.5k
- Investments
- $3.1m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 04/1959
- Data as of
- 02/2024
- EIN
- 36-6052049
Organization Overview
Jacob Best Foundation is located in Tampa, FL. The organization was established in 1959. 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. Jacob Best 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 02/2024, Jacob Best Foundation generated $232.5k 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 (29.0%) each year. All expenses for the organization totaled $238.4k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jacob Best Foundation has awarded 228 individual grants totaling $1,185,393. 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 |
|---|---|---|---|
Thomas S Bridges Treasurer/director | 0 | $0 | |
Bryan Best Secretary/director | 0 | $0 | |
Thilo D Best President/director | 0 | $0 | |
Peter Best Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,434 |
| Capital Gain Net Income | $134,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $9,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $232,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,638 |
| Contributions, gifts, grants paid | $206,800 |
| Total expenses and disbursements | $238,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $394,440 |
| 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 | $3,534,677 |
| 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, Jacob Best Foundation has awarded $206,800 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM SPEAKS PURPOSE: GENERAL SUPPORT | $3,000 |
BOY'S HOPEGIRL'S HOPE OF CHICAGO PURPOSE: GENERAL SUPPORT | $16,000 |
BEAUMONT HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $9,000 |
BOYS & GIRLS CLUB OF TROY PURPOSE: GENERAL SUPPORT | $4,000 |
CADDY RELIEF FUND PURPOSE: GENERAL SUPPORT | $5,000 |
CASA DE EMPARO PURPOSE: GENERAL SUPPORT | $2,000 |