Jerome P Subar Foundation
- Assets
- $1.6m
- Revenue
- $50.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/1983
- Data as of
- 12/2022
- EIN
- 38-2445793
Organization Overview
Jerome P Subar Foundation is located in Grand Rapids, MI. The organization was established in 1983. 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 P Subar 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 P Subar Foundation generated $50.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $123.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jerome P Subar Foundation has awarded 399 individual grants totaling $623,793. 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 |
|---|---|---|---|
Judith H Subar Director | 1 | $0 | |
Jonathan E Subar Director | 1 | $0 | |
Dean E Subar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $628 |
| Capital Gain Net Income | $628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $24,902 |
| Contributions, gifts, grants paid | $98,613 |
| Total expenses and disbursements | $123,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,284 |
| 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 | $28,983 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,550,606 |
| 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 P Subar Foundation has awarded $200,474 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATIONMICHIGAN FUND PURPOSE: GENERAL | $600 |
AMERICAN COMMITTEE FOR SANZ INSTITUTIONS IN ISRAEL INC PURPOSE: GENERAL | $1,000 |
AMERICAN FRIENDS OF LATET HUMANITARIAN AID INC HOLOCOST SURVIVOR PROGRAM PURPOSE: GENERAL | $500 |
AMERICAN FRIEND OF AISH HOTORAH WESTERN REGION (AISHLIT) PURPOSE: GENERAL | $500 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL | $250 |
AMERICAN RED CROSS - GRAND RAPIDS PURPOSE: GENERAL | $100 |