Jcm Foundation
- Assets
- $3.9m
- Revenue
- $600.1k
- Investments
- $3.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2003
- Data as of
- 09/2023
- EIN
- 61-1409457
Organization Overview
Jcm Foundation is located in Washington, DC. The organization was established in 2003. 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. Jcm 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 09/2023, Jcm Foundation generated $600.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $294.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jcm Foundation has awarded 95 individual grants totaling $2,949,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Macguidwin Director | 1 | $0 | |
Cheryl Y Macguidwin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,277 |
| Dividends & Interest | $104,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $469,289 |
| Capital Gain Net Income | $469,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $600,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,417 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $59,944 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $294,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,287 |
| Savings and temporary cash investments | $866,737 |
| 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 | $507,375 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,929,906 |
| 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, Jcm Foundation has awarded $235,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BROTHER RICE HIGH SCHOOL PURPOSE: M. REID MACGUIDWIN SCHOLARSHIP AND TO SUPPORT FUNDING FOR CONSTRUCTION OF NEW ATHLETIC FACILITY | $70,000 |
CRISTO REY HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |
ARCS FOUNDATION INC (METRO DC CHAPTER) PURPOSE: GRADUATE SCHOLARSHIPS FUNDING | $15,000 |
HOLY NAME SEED FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
SAMARITAN'S PURSE PURPOSE: GENERAL SUPPORT | $25,000 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $40,000 |