Jbj Foundation Inc
- Assets
- $128.4m
- Revenue
- $8.0m
- Investments
- $116.0m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 65-1001949
Organization Overview
Jbj Foundation Inc is located in Coral Gables, FL. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Jbj 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 12/2022, Jbj Foundation Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT B
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ertel Director | 10 | $0 | |
Beth Ertel Director | 10 | $0 | |
Eve Lominac Director | 10 | $0 | |
Michael K Park Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Africa Hr Solutions Ltd | 12/30/22 | $73,785 |
Alvarez & Marsal Taxand Llc | 12/30/22 | $64,567 |
Velocity Global | 12/30/22 | $457,109 |
Ad Consult Hr | 12/30/22 | $4,583 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,002,700 |
| Interest on Savings | $763,770 |
| Dividends & Interest | $1,253,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,024,498 |
| Capital Gain Net Income | $1,024,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,044,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $442,419 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,327 |
| Interest | $0 |
| Taxes | $27,530 |
| Depreciation | $927 |
| Occupancy | $4,645 |
| Travel, conferences, and meetings | $5,674 |
| Printing and publications | $0 |
| Other expenses | $281,085 |
| Total operating and administrative expenses | $858,435 |
| Contributions, gifts, grants paid | $1,572,757 |
| Total expenses and disbursements | $2,431,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,342,287 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $10,797 |
| 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 | $45,311,945 |
| Net Land, buildings, and equipment | $1,620 |
| Other assets | $6,330 |
| Total assets | $128,404,145 |
| Accounts payable and accrued expenses | $48,273 |
| 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 | $25,183 |
| Total liabilities | $73,456 |
Grants Awarded
Over the last fiscal year, Jbj Foundation Inc has awarded $1,502,037 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDE AND FOSTER EDUCATION OF UNDERPRIVILEDGE YOUTH IN SOUTH FLORIDA PURPOSE: TUTORING SERVICES | $1,800 |
IMPROVE MATERNAL AND CHILD HEALTH IN RURAL MALAWI PURPOSE: MALAWI PROJECT | $1,500,237 |