Jake Foundation Inc
- Assets
- $15.1m
- Revenue
- $1.8m
- Investments
- $15.1m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 11/1998
- Data as of
- 05/2024
- EIN
- 52-2107509
Organization Overview
Jake Foundation Inc is located in Sarasota, FL. The organization was established in 1998. 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. Jake 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 05/2024, Jake Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $782.7k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jake Foundation Inc has awarded 215 individual grants totaling $4,369,540. 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 |
|---|---|---|---|
Joanne S Barker President | 1 | $12,000 | |
Brian Leshner Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,222,814 |
| Interest on Savings | $0 |
| Dividends & Interest | $202,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $405,893 |
| Capital Gain Net Income | $653,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,831,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,059 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,458 |
| Total operating and administrative expenses | $98,217 |
| Contributions, gifts, grants paid | $684,500 |
| Total expenses and disbursements | $782,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,816 |
| 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 | $1,161,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,147,163 |
| 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, Jake Foundation Inc has awarded $684,500 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR INTERNATIONAL REFORESTATION PURPOSE: CHARITABLE | $10,000 |
AMERICAN FORESTS PURPOSE: CHARITABLE | $10,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $10,000 |
ARENA STAGE PURPOSE: CHARITABLE | $25,000 |
CHILDREN FIRST INC PURPOSE: CHARITY | $5,000 |
BOWDOIN COLLEGE PURPOSE: EDUCATIONAL PROGRAMS | $25,000 |