Jarc Foundation
- Assets
- $6.6m
- Revenue
- $837.1k
- Investments
- $6.3m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 11/2004
- Data as of
- 09/2021
- EIN
- 38-3690103
Organization Overview
Jarc Foundation is located in Bloomfield Hills, MI. The organization was established in 2004. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jarc 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 09/2021, Jarc Foundation generated $837.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $56.3k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER ENDOWMENT FUNDS AND PROPERTY AND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF JARC, A 501(C)(3) CHARITABLE ORGANIZATION THAT PROVIDES SHELTER, CARE AND SUPPORT TO DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING JARC, A 501(C)(3) ORGANIZATION, IN ITS MISSION TO PROVIDE CARE IN GROUP HOMES AND INDEPENDENT LIVING SETTINGS FOR ADULTS, AND RESPITE SERVICES WITHIN THE FAMILY HOME FOR CHILDREN, TEENS, AND YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Tobias President | OfficerTrustee | 0 | $0 |
Shaindle Braunstein CEO | Officer | 0.5 | $0 |
Joanne Aronovitz Secretary | Trustee | 0 | $0 |
Adam Jahnke Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $837,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,284 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $56,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,302,732 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,174 |
| Total assets | $6,637,933 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $6,637,933 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,637,933 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jarc Foundation has recieved totaling $641,391.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Metropolitan Detroit Bloomfield Hills, MI PURPOSE: TO SUPPORT DISABLED INDIVIDUALS | $451,030 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT DISABLED INDIVIDUALS | $184,261 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,100 |
Endowment Analysis
| Beg. Balance | $5,312,019 |
| Earnings | $827,139 |
| Other Expense | $213,087 |
| Ending Balance | $5,926,071 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Sisters Of Charity Foundation Of Canton Cleveland, OH | $111,250,604 | $3,627,612 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Early Childhood Resource Center Cleveland, OH | $3,858,809 | $4,039,118 |
Sunset Legacy Foundation Jenison, MI | $5,636,238 | $2,457,486 |
Green Hills Foundation West Liberty, OH | $7,049,726 | $3,722,965 |
Leader Dogs For The Blind Foundation Rochester Hills, MI | $71,517,820 | $5,571,378 |
Episcopal Retirement Services Foundation Cincinnati, OH | $67,757,663 | $1,625,234 |
Damar Foundation Inc Indianapolis, IN | $59,448,355 | $4,890,477 |
Foundation For Lutheran Child And Family Services Indiana Inc Indianapolis, IN | $66,891,631 | $17,990,670 |
Haven Foundation Pontiac, MI | $9,674,256 | $1,436,922 |
Ahavas Avraham Foundation Detroit, MI | $103,704 | $1,385,031 |