Jm Charitable Foundation
- Assets
- $3.6m
- Revenue
- $363.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2233515
Organization Overview
Jm Charitable Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Jm Charitable 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 12/2022, Jm Charitable Foundation generated $363.7k 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 (14.1%) each year. All expenses for the organization totaled $232.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jm Charitable Foundation has awarded 151 individual grants totaling $600,527. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
KINGDOM BUILDERS: TO PROVIDE FREE RELIGIOUS CONTENT TO COMMUNITY LEADERS TO HELP THEM IMPLEMENT CHARITABLE GIVING PRACTICES INTO THEIR LIVES AND WORK
VIRTUAL LEARNING PROJECT: PRODUCTION OF VIDEOS AND TRAINING MATERIALS FOR EDUCATIONAL AND RELIGION PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Muhich Dir, Treas, VP | 5 | $0 | |
Jeralyn Muhich Dir, Sec, VP | 0 | $0 | |
John S Muhich Dir, Pres | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,076 |
| Dividends & Interest | $32,209 |
| Net Rental Income | -$12,107 |
| Net Gain on Sale of Assets | $46,614 |
| Capital Gain Net Income | $279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $243,017 |
| Total Revenue | $363,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $26,507 |
| Taxes | $17,567 |
| Depreciation | $21,398 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,092 |
| Printing and publications | $0 |
| Other expenses | $42,469 |
| Total operating and administrative expenses | $229,981 |
| Contributions, gifts, grants paid | $2,293 |
| Total expenses and disbursements | $232,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $380,284 |
| 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 | $553,109 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $843,342 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,100,232 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,641,395 |
| 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 | $612,697 |
| Other liabilities | $0 |
| Total liabilities | $612,697 |
Grants Awarded
Over the last fiscal year, Jm Charitable Foundation has awarded $2,293 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BEST FRIENDS ANIMAL SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $50 |
DAVIDSON COLLEGE PRESBYTERIAN CHURCH INC PURPOSE: PRESCHOOL SCHOLARSHIP FUND | $2,000 |
FRIENDS OF PAWS IN PRISON INC PURPOSE: GENERAL & UNRESTRICTED | $243 |