Carl M Jacobs Foundation
- Assets
- $14.2m
- Revenue
- $582.1k
- Investments
- $13.6m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3376722
Organization Overview
Carl M Jacobs Foundation is located in Cincinnati, OH. The organization was established in 2016. 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. Carl M Jacobs 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 12/2022, Carl M Jacobs Foundation generated $582.1k 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 (24.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carl M Jacobs Foundation has awarded 84 individual grants totaling $3,937,500. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $349,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $232,301 |
| Capital Gain Net Income | $232,301 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $582,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,889 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,467 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,721 |
| Total operating and administrative expenses | $185,252 |
| Contributions, gifts, grants paid | $830,000 |
| Total expenses and disbursements | $1,015,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,124 |
| Savings and temporary cash investments | $570,558 |
| 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 | $6,812,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,161,044 |
| 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, Carl M Jacobs Foundation has awarded $830,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
LONG ISLAND COMMUNITY HOSPITAL PURPOSE: ANNUAL FUND | $5,000 |
METROPOLITAN MUSEUM OF ART PURPOSE: ANNUAL FUND | $25,000 |
AMERICAN SOCIETY FOR THE PREVENTION PURPOSE: PROJECT/PROGRAM SUPPORT | $10,000 |
MUSEUM OF MODERN ART PURPOSE: ANNUAL FUND & | $70,000 |
METROPOLITAN OPERA ASSOCIATION PURPOSE: ANNUAL FUND | $30,000 |
BALLET THEATRE FOUNDATION INC PURPOSE: PROJECT/PROGRAM SUPPORT | $20,000 |