Alma Jennings Foundation
- Assets
- $3.1m
- Revenue
- $160.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 01/1970
- Data as of
- 12/2023
- EIN
- 59-6168955
Organization Overview
Alma Jennings Foundation is located in Miami, FL. The organization was established in 1970. 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. Alma Jennings 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, Alma Jennings Foundation generated $160.8k 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 (7.1%) each year. All expenses for the organization totaled $282.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alma Jennings Foundation has awarded 207 individual grants totaling $1,095,065. 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 |
|---|---|---|---|
Frank W Guilford III Director | 10 | $37,500 | |
Jeffrey M Fine Director | 10 | $41,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,592 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,937 |
| Capital Gain Net Income | $52,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,240 |
| Total Revenue | $160,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $401 |
| Total operating and administrative expenses | $177,995 |
| Contributions, gifts, grants paid | $104,533 |
| Total expenses and disbursements | $282,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,816 |
| 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 | $2,972 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,303 |
| Total assets | $3,141,959 |
| 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, Alma Jennings Foundation has awarded $104,533 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CORAL GABLES COMMUNITY FO PURPOSE: GENERAL OPERATIONS | $1,000 |
UNIVERSITY OF MIAMI SCHOOL OF LAW PURPOSE: GENERAL OPERATIONS | $13,333 |
UNIVERSITY OF MIAMI - UHC CHAMPIONS PURPOSE: GENERAL OPERATIONS | $10,000 |
CARROLLTON SCHOOL OF THE SACRED HEART PURPOSE: GENERAL OPERATIONS | $2,500 |
ADRIENNE ARSHT CENTER FOUNDATION PURPOSE: GENERAL OPERATIONS | $5,000 |
UMRSMAS PURPOSE: GENERAL OPERATIONS | $13,500 |