Lee Ann And Melvin H Jacobs Foundation is located in Chicago, IL. The organization was established in 1958. 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. Lee Ann And Melvin H Jacobs 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 05/2023, Lee Ann And Melvin H Jacobs Foundation generated $364.1k 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 (12.1%) each year. All expenses for the organization totaled $381.9k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lee Ann And Melvin H Jacobs Foundation has awarded 175 individual grants totaling $1,067,100. 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.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $50,000 |
Interest on Savings | $3,331 |
Dividends & Interest | $267,456 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $43,316 |
Capital Gain Net Income | $43,316 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $364,103 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $4,757 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $133 |
Total operating and administrative expenses | $45,920 |
Contributions, gifts, grants paid | $336,000 |
Total expenses and disbursements | $381,920 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $74,358 |
Savings and temporary cash investments | $729,032 |
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 | $53,052 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $6,938,721 |
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 |
Over the last fiscal year, Lee Ann And Melvin H Jacobs Foundation has awarded $336,000 in support to 54 organizations.
Grant Recipient | Amount |
---|---|
ALICE'S KIDS PURPOSE: IRS APPROVED CHARITY | $1,000 |
ALL HANDS AND HEARTS PURPOSE: IRS APPROVED CHARITY | $4,000 |
AMERICAN VETERINARY MEDICAL FOUNDATION PURPOSE: IRS APPROVED CHARITY | $2,000 |
BEREA COLLEGE PURPOSE: IRS APPROVED CHARITY | $17,500 |
A FAMILY FOR EVERY CHILD PURPOSE: IRS APPROVED CHARITY | $2,500 |
BETTER BASICS PURPOSE: IRS APPROVED CHARITY | $2,000 |