The New Jerusalem Foundation
- Assets
- $3.1m
- Revenue
- $110.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- San Marcos, CA
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 20-7370119
Organization Overview
The New Jerusalem Foundation is located in San Marcos, CA. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. New Jerusalem 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, New Jerusalem Foundation generated $110.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.1%) 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 2021, New Jerusalem Foundation has awarded 17 individual grants totaling $455,915. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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 |
|---|---|---|---|
Zhi Qiang Jacob Zhou Trustee | 30 | $151,632 | |
Nan Zhou Trustee/president | 40 | $227,448 | |
Joseph Zhou Trustee | 30 | $62,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $46,768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,985 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,444 |
| Total Revenue | $110,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $441,080 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $189,500 |
| Interest | $0 |
| Taxes | $28,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $381 |
| Printing and publications | $0 |
| Other expenses | $137,698 |
| Total operating and administrative expenses | $803,627 |
| Contributions, gifts, grants paid | $207,000 |
| Total expenses and disbursements | $1,010,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,385 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $820,637 |
| Total assets | $3,065,983 |
| 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 | $25,096 |
| Total liabilities | $25,096 |
Grants Awarded
Over the last fiscal year, The New Jerusalem Foundation has awarded $207,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
STEPHEN TONG EVANGELISTIC MINISTRIES INTL PURPOSE: CHRITIAN MISSIONARY | $100,000 |
INTERNATIONAL XCHANGE ORGANIZATION PURPOSE: CHRITIAN MISSIONARY | $5,000 |
PREACH THE WHOLE BIBLE INC PURPOSE: CHRITIAN MISSIONARY | $50,000 |
HIS FOUNDATION PURPOSE: CHRITIAN MISSIONARY | $12,000 |
INTERNATIONAL THELOGICAL SEMINARY PURPOSE: CHRITIAN MISSIONARY | $0 |
LIFE BRIDGE PURPOSE: CHRITIAN MISSIONARY | $20,000 |