Jms Foundation Inc
- Assets
- $75.6k
- Revenue
- $70.5k
- Investments
- $19.8k
- Employees
- 0
- Location
- Branford, CT
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 46-0916661
Organization Overview
Jms Foundation Inc is located in Branford, CT. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jms Foundation Inc 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, Jms Foundation Inc generated $70.5k 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 (11.8%) each year. All expenses for the organization totaled $36.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jms Foundation Inc has awarded 283 individual grants totaling $1,902,019. 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 |
|---|---|---|---|
Joannne Goldblum President, Director | 3 | $0 | |
David Goldblum Vp, Secretary, Director | 1 | $0 | |
Jesse Goldblum Director | 1 | $0 | |
Mollie Goldblum Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,561 |
| Interest on Savings | $0 |
| Dividends & Interest | $313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,390 |
| Capital Gain Net Income | $30,657 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,832 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $265 |
| Total operating and administrative expenses | $3,097 |
| Contributions, gifts, grants paid | $33,541 |
| Total expenses and disbursements | $36,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,368 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $26,399 |
| 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 | $19,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $75,556 |
| 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, Jms Foundation Inc has awarded $33,541 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD LUBAVITCH OF MONTANA PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $1,000 |
ELM CITY INTERNATIONALS PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $5,000 |
YALE UNIVERSITY PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $500 |
INSTITUTE ON TAXATION AND ECONOMIC POLICY PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $1,041 |
EVERY BOTTOM COVERED INC PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $5,000 |
CONTINUUM OF CARE INC PURPOSE: TO CONTINUE ONGOING SERVICES & PROGRAMS | $1,000 |