Jiem Education Initiative Foundation Inc
- Assets
- $23.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Valley, NY
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2567004
Organization Overview
Jiem Education Initiative Foundation Inc is located in Spring Valley, NY. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jiem Education Initiative 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 12/2021, Jiem Education Initiative Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CHARITABLE CONTRIBUTIONS TO NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Kazarnovsky President | 10 | $0 | |
Esther Kazarnovsky Director | 2 | $0 | |
David Kazarnovsky Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,150,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $644,294 |
| Total Revenue | $1,795,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $262,806 |
| Taxes | $0 |
| Depreciation | $562,303 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $189,752 |
| Total operating and administrative expenses | $1,072,141 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,072,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,890 |
| Savings and temporary cash investments | $0 |
| 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 | $23,143,440 |
| Other assets | $783,699 |
| Total assets | $23,933,029 |
| Accounts payable and accrued expenses | $6,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,150,662 |
| Other liabilities | $2 |
| Total liabilities | $10,156,664 |
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Waterbury Youth Services Inc Waterbury, CT | $1,999,942 | $2,776,043 |
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