Jhm Charitable Foundation
- Assets
- $195.8m
- Revenue
- $19.6m
- Investments
- $144.5m
- Employees
- 0
- Location
- Manhattan Beach, CA
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 45-6821340
Organization Overview
Jhm Charitable Foundation is located in Manhattan Beach, CA. The organization was established in 2012. 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. Jhm 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 12/2021, Jhm Charitable Foundation generated $19.6m 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 (8.7%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jhm Charitable Foundation has awarded 251 individual grants totaling $25,540,784. 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 |
|---|---|---|---|
Gary W Hampar Trustee | 25 | $279,996 | |
Lysa Grigorian Trustee | 35 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,887,774 |
| Net Rental Income | $250,470 |
| Net Gain on Sale of Assets | $1,019,284 |
| Capital Gain Net Income | $1,019,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,943,629 |
| Total Revenue | $19,564,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $579,996 |
| Other employee salaries and wages | $17,000 |
| Pension plans, employee benefits | $113,586 |
| Interest | $37,761 |
| Taxes | $470,195 |
| Depreciation | $84,741 |
| Occupancy | $99,563 |
| Travel, conferences, and meetings | $28,318 |
| Printing and publications | $0 |
| Other expenses | $52,696 |
| Total operating and administrative expenses | $2,147,040 |
| Contributions, gifts, grants paid | $2,166,900 |
| Total expenses and disbursements | $4,313,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,640,826 |
| Savings and temporary cash investments | $3,914,628 |
| 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 | $682,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $28,044,047 |
| Investments—mortgage loans | $0 |
| Investments—other | $79,204,810 |
| Net Land, buildings, and equipment | $1,151,127 |
| Other assets | $13,935,288 |
| Total assets | $195,849,311 |
| 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 | $35,500 |
| Total liabilities | $35,500 |
Grants Awarded
Over the last fiscal year, Jhm Charitable Foundation has awarded $4,057,889 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN MUSEUM OF AMERICA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $350,000 |
AMERICAN UNIVERSITY OF ARMENIA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $50,000 |
CIVILITAS FOUNDATION PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $50,000 |
ARARAT HOME OF LOS ANGELES INC PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $136,000 |
AREKUNI FOUNDATION PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $45,000 |
ARMENIAN EYE CARE PROJECT PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $124,950 |