Jerome Mirza Foundation
- Assets
- $16.1m
- Revenue
- $510.5k
- Investments
- $15.3m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 37-1392755
Organization Overview
Jerome Mirza Foundation is located in Bloomington, IL. The organization was established in 2000. 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. Jerome Mirza 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, Jerome Mirza Foundation generated $510.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerome Mirza Foundation has awarded 97 individual grants totaling $5,728,157. 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 |
|---|---|---|---|
Deborah D Parsons President/director | 2.6 | $15,000 | |
Candace R Mirza Director | 1.6 | $15,000 | |
Thomas M Harris Jr Secretary/director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $362,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,780 |
| Capital Gain Net Income | $131,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,466 |
| Total Revenue | $510,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,399 |
| Depreciation | $1,220 |
| Occupancy | $13,288 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $256,888 |
| Total operating and administrative expenses | $343,068 |
| Contributions, gifts, grants paid | $800,141 |
| Total expenses and disbursements | $1,143,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,512 |
| Savings and temporary cash investments | $709,229 |
| 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 | $1,528 |
| Other assets | $1,554 |
| Total assets | $16,114,325 |
| 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 | $101,057 |
| Total liabilities | $101,057 |
Grants Awarded
Over the last fiscal year, Jerome Mirza Foundation has awarded $800,141 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTIONS FOR THE HOMELESS PURPOSE: SUPPORT OF OPERATIONS | $100,000 |
ILLINOIS BAR FOUNDATION PURPOSE: SUPPORT OF OPERATIONS | $25,000 |
ILLINOIS PRAIRIE COMMUNITY FOUNDATION PURPOSE: SUPPORT OF OPERATIONS | $50,000 |
HOLIDAY SPECTACULAR PURPOSE: SUPPORT OF OPERATIONS | $35,000 |
CENTER FOR GIFTED PURPOSE: SUPPORT OF OPERATIONS | $50,000 |
KNOX COLLEGE PURPOSE: SUPPORT OF OPERATIONS | $27,667 |