J M Rubin Foundation Inc
- Assets
- $38.7m
- Revenue
- $2.7m
- Investments
- $37.8m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 04/1980
- Data as of
- 11/2023
- EIN
- 59-1958240
Organization Overview
J M Rubin Foundation Inc is located in West Palm Beach, FL. The organization was established in 1980. 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. J M Rubin 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 11/2023, J M Rubin Foundation Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $4.4m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J M Rubin Foundation Inc has awarded 389 individual grants totaling $11,166,514. 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 |
|---|---|---|---|
Mary S Harper President | 40 | $350,586 | |
Kimberly L Harris Vp/treasurer | 40 | $157,175 | |
Laurel T Baker Trustee | 2 | $44,750 | |
Edward R Griffin Trustee | 2 | $44,750 | |
Barbara S Noble Trustee | 2 | $44,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,019 |
| Dividends & Interest | $1,668,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $995,569 |
| Capital Gain Net Income | $995,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,250 |
| Total Revenue | $2,690,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $642,012 |
| Other employee salaries and wages | $51,121 |
| Pension plans, employee benefits | $325,274 |
| Interest | $0 |
| Taxes | $18,579 |
| Depreciation | $10,112 |
| Occupancy | $147,655 |
| Travel, conferences, and meetings | $19,568 |
| Printing and publications | $1,405 |
| Other expenses | $41,319 |
| Total operating and administrative expenses | $1,398,227 |
| Contributions, gifts, grants paid | $3,046,235 |
| Total expenses and disbursements | $4,444,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $861,164 |
| 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 | $22,861 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $105,537 |
| Net Land, buildings, and equipment | $73,735 |
| Other assets | $18,000 |
| Total assets | $38,732,250 |
| 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, J M Rubin Foundation Inc has awarded $3,046,235 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
211 PALM BEACHTREASURE COAST PURPOSE: SUPPORT | $7,000 |
ADOPT-A FAMILY OF THE PALM BEACHES INC PURPOSE: SUPPORT | $50,000 |
AID TO VICTIMS OF DOMESTIC ABUSE PURPOSE: SUPPORT | $5,000 |
ALS ASSOCIATION PURPOSE: SUPPORT | $2,000 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT | $15,000 |
ARC PALM BEACH COUNTY PURPOSE: SUPPORT | $25,000 |