Jam Family Foundation Inc
- Assets
- $475.6k
- Revenue
- $55.1k
- Investments
- $467.8k
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-0419371
Organization Overview
Jam Family Foundation Inc is located in Bluefield, WV. The organization was established in 2011. 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. Jam 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, Jam Family Foundation Inc generated $55.1k 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 (11.6%) each year. All expenses for the organization totaled $68.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jam Family Foundation Inc has awarded 111 individual grants totaling $176,570. 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 |
|---|---|---|---|
Robert M Jones Jr Director | 0 | $0 | |
Cynthia J Jones Director | 0 | $0 | |
Alexa L Stoneburner Director | 0 | $0 | |
Jeremy R Jones Director | 0 | $0 | |
Margaret C Jones Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,469 |
| Capital Gain Net Income | $11,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $3,798 |
| Contributions, gifts, grants paid | $64,514 |
| Total expenses and disbursements | $68,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,122 |
| Savings and temporary cash investments | $4,693 |
| 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 | $307,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $475,649 |
| 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, Jam Family Foundation Inc has awarded $64,514 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
A CHILD SHALL LEAD THEM FOOD PANTRY PURPOSE: CHARITABLE | $500 |
A GIFT FOR TEACHING GREYSTAR FUNDRAISER PURPOSE: CHARITABLE | $2,500 |
ADULT & TEEN CHALLENGE PURPOSE: CHARITABLE | $1,000 |
AMERICAN RED CROSS UKRAINE CRISIS RELIEF PURPOSE: CHARITABLE | $1,000 |
ASPCA PURPOSE: CHARITABLE | $1,000 |
BEREA COLLEGE PURPOSE: EDUCATIONAL | $500 |