Jacobs Family Foundation Inc
- Assets
- $87.0m
- Revenue
- $318.9k
- Investments
- $86.8m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 95-4187111
Organization Overview
Jacobs Family Foundation Inc is located in San Diego, CA. The organization was established in 1989. 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. Jacobs Family 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, Jacobs Family Foundation Inc generated $318.9k 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 (5.9%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jacobs Family Foundation Inc has awarded 34 individual grants totaling $18,125,106. 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 |
|---|---|---|---|
Andrew Hapke Treasurer & CFO | 5 | $0 | |
Claire Hapke Vice Chair | 5 | $0 | |
Norman Hapke Chair | 5 | $0 | |
Reginald Jones - Resigned On 093022 President & CEO | 5 | $0 | |
Valerie Hapke Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64 |
| Dividends & Interest | $25,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $238,596 |
| Capital Gain Net Income | $924,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,098 |
| Total Revenue | $318,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,756 |
| Total operating and administrative expenses | $68,827 |
| Contributions, gifts, grants paid | $2,153,024 |
| Total expenses and disbursements | $2,221,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,899 |
| Savings and temporary cash investments | $87,044 |
| 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 | $948 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $86,719,733 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,976,385 |
| Accounts payable and accrued expenses | $19,115 |
| 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 | $19,115 |
Grants Awarded
Over the last fiscal year, Jacobs Family Foundation Inc has awarded $2,153,024 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JACOBS CENTER FOR NEIGHBORHOOD INNOVATION PURPOSE: FUND OPERATIONS | $2,122,024 |
DIAMOND EDUCATIONAL EXCELLENCE PARTNERSHIP PURPOSE: DONATION FROM N. HAPKE/JACOBS FAMILY FOUNDATION | $30,000 |
CALIFORNIA CENTER FOR THE ARTS ESCONDIDO PURPOSE: EMPLOYEE MATCHING DONATION | $1,000 |