Mjs Foundation Inc
- Assets
- $16.7m
- Revenue
- $31.8m
- Investments
- $1.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 12/2020
- EIN
- 45-3826353
Organization Overview
Mjs Foundation Inc is located in New York, NY. The organization was established in 2012. 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.
For the year ending 12/2020, Mjs Foundation Inc generated $31.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $24.7m during the year ending 12/2020. While expenses have increased by 5.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mjs Foundation Inc has awarded 64 individual grants totaling $40,671,732. 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 |
|---|---|---|---|
Marilyn Simons Co-President | 1 | $0 | |
Joseph Cosmai Treasurer & Secretary/director | 0.25 | $0 | |
Jeffrey Wacksman Director | 0.25 | $0 | |
James Simons Co-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,700,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$884,463 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,815,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $144,025 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $926 |
| Depreciation | $783 |
| Occupancy | $75,458 |
| Travel, conferences, and meetings | $4,898 |
| Printing and publications | $0 |
| Other expenses | $851 |
| Total operating and administrative expenses | $358,109 |
| Contributions, gifts, grants paid | $24,384,282 |
| Total expenses and disbursements | $24,742,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,793 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $15,000,000 |
| 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 | $10,479 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,696,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,740,864 |
| Accounts payable and accrued expenses | $111,747 |
| Grants payable | $9,068,382 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,126 |
| Total liabilities | $9,181,255 |
Grants Awarded
Over the last fiscal year, Mjs Foundation Inc has awarded $40,671,732 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
new york, NY PURPOSE: GENERAL OPERATING SUPPORT FOR RHF'S GRANTMAKING PROGRAMS | $5,600,000 |
New York, NY PURPOSE: PLEDGED GIFT TO SUPPORT THE CHARTER SCHOOL FACILITY | $5,000,000 |
new york, NY PURPOSE: GIFT TO SUPPORT THE ROBIN HOOD RELIEF FUND IN RESPONSE TO COVID-19 | $5,000,000 |
NEW YORK PUBLIC LIBRARY PURPOSE: PLEDGED GIFT TO SUPPORT THE LIBRARY'S CAPITAL CAMPAIGN | $5,000,000 |
New York, NY PURPOSE: PLEDGE TO SUPPORT THE DR. ALISON ESTABROOK FELLOWSHIP AT NYU | $2,400,000 |
Stony Brook, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Prudential Foundation Inc Newark, NJ | $0 | $15,805,071 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |
David Tepper Charitable Foundation Inc Livingston, NJ | $603,593,894 | $11,057,620 |
Highland Street Connection Newton, MA | $73,686,005 | $7,213,732 |
Bristol-Myers Squibb Foundation Inc New York, NY | $116,747,456 | $59,283,545 |
Hess Foundation Inc Roseland, NJ | $0 | $38,037,769 |
Leon Levy Foundation New York, NY | $457,096,237 | $26,900,546 |
Dietrich Foundation Pittsburgh, PA | $1,082,174,638 | $76,422,895 |
Foundation Mireille And James Levy Usa New York, NY | $100,629,739 | $132,534,900 |
M & T Charitable Foundation Buffalo, NY | $19,988,965 | $8,327,773 |
Arnhold Foundation Inc New York, NY | $510,042,603 | $78,158,377 |