Carol M Jacobsohn Foundation
- Assets
- $8.9m
- Revenue
- -$836.9k
- Investments
- $8.4m
- Employees
- 0
- Location
- Stuart, FL
- Founding
- 04/1960
- Data as of
- 12/2023
- EIN
- 36-6101091
Organization Overview
Carol M Jacobsohn Foundation is located in Stuart, FL. The organization was established in 1960. 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. Carol M Jacobsohn Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Carol M Jacobsohn Foundation has awarded 64 individual grants totaling $2,502,500. 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 |
|---|---|---|---|
Henry N Libby President, Secretary, Dire | 40 | $85,000 | |
Ellen W Libby Treasurer, Director | 1 | $0 | |
John Zarkowski Assistant Treasurer, Direc | 1 | $0 | |
Michael Pitchford Director | 1 | $0 | |
Mark H Libby Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,125 |
| Dividends & Interest | $192,256 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,056,267 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | -$836,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,793 |
| Taxes | $8,564 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,893 |
| Total operating and administrative expenses | $165,200 |
| Contributions, gifts, grants paid | $348,500 |
| Total expenses and disbursements | $513,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $411,801 |
| 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 | $550,482 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,384 |
| Total assets | $8,853,830 |
| Accounts payable and accrued expenses | $3,756 |
| 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 | $104,651 |
| Total liabilities | $108,407 |
Grants Awarded
Over the last fiscal year, Carol M Jacobsohn Foundation has awarded $348,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ANNE ARUNDEL COMMUNITY COLLEGE PURPOSE: VOCATIONAL TRAINING & EXCELLENCE IN EDUCATION | $53,500 |
CENTER FOR ADOPTION SUPPORT AND EDUCATION PURPOSE: GENERAL OPERATING | $20,000 |
BOYS & GIRLS CLUB OF ANNAPOLIS PURPOSE: CHALLENGE GRANT | $60,000 |
MARTIN COUNTY HEALTHY START COALITION PURPOSE: GENERAL OPERATING | $20,000 |
PROJECT LIFT PURPOSE: EQUIPMENT | $75,000 |
FLORIDA OCEANOGRAPHIC SOCIETY PURPOSE: GENERAL OPERATING | $75,000 |