Ac & Jc Foundation
- Assets
- $25.9m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 84-2735202
Organization Overview
Ac & Jc Foundation is located in New York, NY. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ac & Jc 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 12/2023, Ac & Jc Foundation generated $26.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $9.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ac & Jc Foundation has awarded 113 individual grants totaling $15,346,970. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Cappell Co-President | 1 | $0 | |
Audrey Cappell Co-President | 1 | $0 | |
Joseph Cosmai Treasurer & Secretary | 0.25 | $0 | |
Jeffrey Wacksman Director | 0.25 | $0 | |
Toya Williford Executive Director | 40 | $253,065 | |
Chris Kelsaw Finance And Operatio | 40 | $133,698 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L&k Partners Inc | 12/30/23 | $1,331,643 |
Hugh Hogan | 12/30/23 | $73,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,000,000 |
| Interest on Savings | $492,081 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,492,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $634,272 |
| Pension plans, employee benefits | $291,090 |
| Interest | $0 |
| Taxes | $11,599 |
| Depreciation | $0 |
| Occupancy | $467,265 |
| Travel, conferences, and meetings | $1,825 |
| Printing and publications | $365 |
| Other expenses | $168,260 |
| Total operating and administrative expenses | $1,700,872 |
| Contributions, gifts, grants paid | $7,703,456 |
| Total expenses and disbursements | $9,404,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,769,358 |
| Savings and temporary cash investments | $17,853,117 |
| 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 | $120,553 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,242,349 |
| Other assets | $3,865,428 |
| Total assets | $25,850,805 |
| Accounts payable and accrued expenses | $624,512 |
| Grants payable | $900,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,235,191 |
| Total liabilities | $5,759,703 |
Grants Awarded
Over the last fiscal year, Ac & Jc Foundation has awarded $8,429,506 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ALVIN AILEY AMERICAN DANCE THEATER PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
AMERICAN JEWISH JOINT DISTRIBUTION PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: TO PROVIDE SUPPORT FOR UPDATES TO THE MUSEUM'S PERMANENT EXHIBITION HALLS AND BUILD CAPACITY FOR FUTURE IMPROVEMENTS | $325,000 |
BALLET THEATRE FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
BROOKLYN WORKFORCE INNOVATIONS PURPOSE: GENERAL OPERATING SUPPORT | $5,486 |
BURR ELEMENTARY SCHOOL PTA PURPOSE: GENERAL OPERATING SUPPORT | $400 |