Marjorie & Maxwell Jospey Foundation
- Assets
- $4.7m
- Revenue
- $95.0k
- Investments
- $4.2m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 10/1951
- Data as of
- 11/2023
- EIN
- 38-6061846
Organization Overview
Marjorie & Maxwell Jospey Foundation is located in Birmingham, MI. The organization was established in 1951. 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. Marjorie & Maxwell Jospey 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 11/2023, Marjorie & Maxwell Jospey Foundation generated $95.0k 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 (11.9%) each year. All expenses for the organization totaled $309.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marjorie & Maxwell Jospey Foundation has awarded 585 individual grants totaling $2,248,039. 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 |
|---|---|---|---|
Neal F Zalenko President | 4 | $25,000 | |
Michael W Maddin Vice Preside | 3 | $5,000 | |
David C Contorer Secretary | 3 | $5,000 | |
Susan Jacob Director | 3 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,773 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,313 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,584 |
| Total Revenue | $95,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163 |
| Total operating and administrative expenses | $74,896 |
| Contributions, gifts, grants paid | $234,300 |
| Total expenses and disbursements | $309,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $486,612 |
| 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 | $703,365 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,667,268 |
| 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, Marjorie & Maxwell Jospey Foundation has awarded $234,300 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
BRILLIANT DETROIT PURPOSE: GENERAL SUPPORT | $5,000 |
BUILDING BETTER MEN PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN FRIENDS OF MAGEN ADOM PURPOSE: GENERAL SUPPORT | $1,500 |
DETROIT HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $2,000 |
CHABAD JEWISH CENTER OF TROY PURPOSE: GENERAL SUPPORT | $1,000 |
DETROIT INSTITUTE OF ARTS PURPOSE: GENERAL SUPPORT | $5,000 |