Jbj Foundation Inc
- Assets
- $120.9m
- Revenue
- $100.2m
- Investments
- $15.3m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 09/2000
- Data as of
- 12/2021
- 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 12/2021, Jbj Foundation Inc generated $100.2m in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 137.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE STATEMENT B
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Park Officer | 40 | $0 | |
Eve Lominac Director | 10 | $0 | |
Beth Ertel Director | 10 | $0 | |
David Ertel Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000,562 |
| Interest on Savings | $31,696 |
| Dividends & Interest | $163,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,676 |
| Capital Gain Net Income | $10,892 |
| Net ST Capital Gain | $5,784 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$21,179 |
| Total Revenue | $100,191,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $312,496 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,247 |
| Interest | $0 |
| Taxes | $16,713 |
| Depreciation | $1,484 |
| Occupancy | $3,900 |
| Travel, conferences, and meetings | $1,658 |
| Printing and publications | $0 |
| Other expenses | $2,965 |
| Total operating and administrative expenses | $361,463 |
| Contributions, gifts, grants paid | $1,920,525 |
| Total expenses and disbursements | $2,281,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,577,672 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,862,798 |
| Net Land, buildings, and equipment | $2,547 |
| Other assets | $6,700 |
| Total assets | $120,904,130 |
| 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, Jbj Foundation Inc has awarded $1,502,037 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IMPROVE MATERNAL AND CHILD HEALTH IN RURAL MALAWI PURPOSE: MALAWI PROJECT | $1,500,237 |
PROVIDE AND FOSTER EDUCATION OF UNDERPRIVILEDGE YOUTH IN SOUTH FLORIDA PURPOSE: TUTORING SERVICES | $1,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |
The St Joe Community Foundation Inc Panama City Beach, FL | $5,065,380 | $5,661,153 |