Jerome Lyle Rappaport Charitable Foundation
- Assets
- $37.5m
- Revenue
- $390.4k
- Investments
- $36.3m
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 31-1485041
Organization Overview
Jerome Lyle Rappaport Charitable Foundation is located in Burlington, MA. The organization was established in 1996. 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. Jerome Lyle Rappaport Charitable 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, Jerome Lyle Rappaport Charitable Foundation generated $390.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.3%) each year. All expenses for the organization totaled $813.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jerome Lyle Rappaport Charitable Foundation has awarded 122 individual grants totaling $6,377,747. 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
GRANTS WERE MADE TO CHARITABLE ORGANIZATIONS DESCRIBED UNDER IRC SECTION 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis E Rappaport Trustee | 0 | $0 | |
James W Rappaport Trustee | 0 | $0 | |
Jon Rappaport Trustee | 0 | $0 | |
Timothy Medlock Executive Director | 16.67 | $37,692 | |
Jannelle Cioffi Director | 16 | $19,075 | |
Sean Horrigan Public Relations | 40 | $24,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $253,808 |
| Capital Gain Net Income | $253,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$60,758 |
| Total Revenue | $390,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,767 |
| Other employee salaries and wages | $32,925 |
| Pension plans, employee benefits | $0 |
| Interest | $21,183 |
| Taxes | $8,382 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,876 |
| Printing and publications | $0 |
| Other expenses | $35,435 |
| Total operating and administrative expenses | $276,159 |
| Contributions, gifts, grants paid | $537,005 |
| Total expenses and disbursements | $813,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,046 |
| Savings and temporary cash investments | $881,285 |
| 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 | $6,915,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,542,730 |
| 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, Jerome Lyle Rappaport Charitable Foundation has awarded $537,005 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD COLLEGE PURPOSE: COLLEGE EDUCATION SUPPORT | $317,604 |
CLEVELAND CLINICPHILANTHROPY INSTITUTE PURPOSE: MEDICAL SUPPORT | $10,000 |
AMERICAN JAIL ASSOCIATION PURPOSE: JAIL EMPLOYEE SUPPORT | $525 |
TEMPLE ISRAEL FOUNDATION PURPOSE: RELIGIOUS SUPPORT | $2,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: RELIGIOUS SUPPORT | $1,000 |
THE CHRIS WILSON FOUNDATION PURPOSE: INCARCERATION SUPPORT | $1,000 |