Jsrs Foundation Inc
- Assets
- $32.2m
- Revenue
- $1.8m
- Investments
- $25.7m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/2018
- Data as of
- 10/2023
- EIN
- 81-5336888
Organization Overview
Jsrs Foundation Inc is located in Brooklyn, NY. The organization was established in 2018. 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. Jsrs 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 10/2023, Jsrs Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $351.0k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (43.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Strasser President | 5 | $0 | |
Solomon Strasser Secretary | 0.1 | $0 | |
Raizy Friedman Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $130,280 |
| Dividends & Interest | $343,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,114,893 |
| Capital Gain Net Income | $2,114,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$751,097 |
| Total Revenue | $1,838,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $848 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,679 |
| Total operating and administrative expenses | $10,031 |
| Contributions, gifts, grants paid | $341,000 |
| Total expenses and disbursements | $351,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,436,201 |
| 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 | $25,726,369 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,500 |
| Total assets | $32,181,070 |
| 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 | $785,014 |
| Total liabilities | $785,014 |
Grants Awarded
Over the last fiscal year, Jsrs Foundation Inc has awarded $5,006,553 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE BNAI JACOB FOUNDATION PURPOSE: FURTHER RELIGIOUS PURSUIT | $6,553 |
BANK OF AMERICA CHARITABLE FUND PURPOSE: FURTHER RELIGIOUS PURSUIT | $5,000,000 |