J & M Foundation
- Assets
- $1.1m
- Revenue
- $29.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Merrifield, VA
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 54-2061877
Organization Overview
J & M Foundation is located in Merrifield, VA. The organization was established in 2002. 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. J & M 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 12/2023, J & M Foundation generated $29.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $43.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J & M Foundation has awarded 30 individual grants totaling $375,150. 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 |
|---|---|---|---|
David A Winston Chairman | 10 | $0 | |
David A Winston President | 0 | $0 | |
David A Winston Treasurer | 0 | $0 | |
Deborah F Winston Vice President | 10 | $0 | |
Deborah F Winston Director | 0 | $0 | |
Deborah F Winston Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,126 |
| Capital Gain Net Income | $7,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,809 |
| Total operating and administrative expenses | $9,651 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $43,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,785 |
| Net Accounts receivable | $4,569 |
| 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 | $1,198 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $103,203 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,071,542 |
| Accounts payable and accrued expenses | $25,904 |
| 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 | $25,904 |
Grants Awarded
Over the last fiscal year, J & M Foundation has awarded $33,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WOLFTRAP FOUNDATION FOR PERFORMING ARTS PURPOSE: FUNDING TO SUPPORT CLASSICAL MUSIC PROGRAMMING | $25,000 |
WASHINGTON UNIVERSITY SCHOOL OF MEDICINE PURPOSE: $5,000 TO SCHOOL OF MEDICINE FOR THE WINSTON FELLOWSHIP IN ENDOCRINOLOGY IN THE DEPARTMENT OF ENDOCRINOLOGY.$2,500 TO SCHOOL OF MEDICINE FOR THE WINSTON FELLOW AWARD IN THE DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCES. | $7,500 |
FAIRFAX SYMPHONY PURPOSE: FUNDING TO SUPPORT CLASSICAL MUSIC PROGRAMMING | $500 |
AMERICANS FOR BEN-GURION UNIVERSITY PURPOSE: FUNDING TO SUPPORT RECOVERY OF UNIVERSITY | $500 |