Jamacha Bloom Family Foundation
- Assets
- $3.1m
- Revenue
- $88.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1614525
Organization Overview
Jamacha Bloom Family Foundation is located in Morristown, NJ. The organization was established in 2008. 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. Jamacha Bloom Family 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, Jamacha Bloom Family Foundation generated $88.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $118.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jamacha Bloom Family Foundation has awarded 65 individual grants totaling $277,258. 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 |
|---|---|---|---|
William Bloom Trustee | 0 | $0 | |
Ruth Bloom Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $116,194 |
| Interest on Savings | $827 |
| Dividends & Interest | $56,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$143,968 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,924 |
| Total Revenue | $88,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,440 |
| Total operating and administrative expenses | $56,960 |
| Contributions, gifts, grants paid | $61,499 |
| Total expenses and disbursements | $118,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,569 |
| 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 | $351,248 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $66,351 |
| Total assets | $3,050,969 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jamacha Bloom Family Foundation has awarded $61,499 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
1776 UNITES PURPOSE: UNRESTRICTED | $1,000 |
BAY HEAD FIRE COMPANY PURPOSE: UNRESTRICTED | $1,000 |
BAY HEAD PRESERVATION ALLIANCE PURPOSE: ENVIRONMENTAL PRESERVATIONENVIRONMENTAL PRESERVATION | $1,000 |
BAY HEAD POLICE DEPARTMENT PURPOSE: UNRESTRICTED | $1,000 |
BOSTON COLLEGE PURPOSE: JAMES & BARBARA CLEARY/POPS ON THE HEIGHTS SCHOLARSHIP | $5,000 |
BROWN DOG COALITION & RESCUE PURPOSE: UNRESTRICTED | $8,333 |