J M S Foundation Inc
- Assets
- $3.5m
- Revenue
- $48.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Massapequa, NY
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 06-1507500
Organization Overview
J M S Foundation Inc is located in Massapequa, NY. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J M S 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, J M S Foundation Inc generated $48.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $261.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, J M S Foundation Inc has awarded 77 individual grants totaling $889,614. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS AT PAROCHIAL SCHOOLS & CATHOLIC COLLEGES AND UNIVERSITIES AND OTHER DESIGNATED SCHOOLS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Pelosi President | 40 | $75,000 | |
Walter Cook Treas./sec. | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,384 |
| 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 | $48,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,967 |
| Interest | $0 |
| Taxes | $6,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,962 |
| Total operating and administrative expenses | $98,941 |
| Contributions, gifts, grants paid | $162,414 |
| Total expenses and disbursements | $261,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,862 |
| Savings and temporary cash investments | $22,108 |
| 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 | $4,520 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $240,281 |
| Total assets | $3,454,127 |
| Accounts payable and accrued expenses | $8,353 |
| 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 | $8,353 |
Grants Awarded
Over the last fiscal year, J M S Foundation Inc has awarded $162,414 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANTHONY'S HIGH SCHOOL PURPOSE: TO PAY TUITION | $66,529 |
NOTRE DAME REGIONAL HS PURPOSE: TO PAY TUITION | $30,000 |
Fresh Meadows, NY PURPOSE: TO PAY TUITION | $20,000 |
CHAMINADE HIGH SCHOOL PURPOSE: TO PAY TUTITION | $14,485 |
ST PHILIP AND JAMES SCHOOL PURPOSE: TO PAY TUITION | $10,550 |
Brooklyn, NY PURPOSE: FINANCIAL AID | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Guardian Services New York, NY | $37,509,798 | $86,868,371 |
Cardinal Mccloskey School & Home For Children Inc Valhalla, NY | $29,936,400 | $67,045,023 |
Catholic Charities Of Diocese Of Albany Albany, NY | $36,309,218 | $44,877,595 |
St Anns Home Inc Methuen, MA | $37,347,365 | $32,094,159 |
Christian Herald Assn Inc New York, NY | $39,203,041 | $30,264,134 |
Alternatives For Children East Setauket, NY | $11,797,898 | $22,064,885 |
Lutheran Center At Poughkeepsie Inc Scarsdale, NY | $12,784,565 | $22,238,039 |
Redeemer City To City New York, NY | $39,118,134 | $27,107,452 |
Catholic Cemeteries Of The Roman Westbury, NY | $88,272,871 | $14,740,911 |
Liberation Programs Inc Norwalk, CT | $5,758,645 | $12,035,919 |
Public Relations Society Of America Inc New York, NY | $7,935,177 | $9,278,462 |
Tompkins Cortland Community College Foundation Dryden, NY | $60,556,305 | $8,680,534 |