Jetblue Grants Foundation
- Assets
- $575.8k
- Revenue
- $138.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4103682
Organization Overview
Jetblue Grants Foundation is located in Long Island City, NY. The organization was established in 2014. 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. Jetblue Grants 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, Jetblue Grants Foundation generated $138.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $232.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jetblue Grants Foundation has awarded 87 individual grants totaling $1,862,854. 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 |
|---|---|---|---|
Ursula Hurley President | 3 | $0 | |
Icema Gibbs Vice President | 3 | $0 | |
Shawn Holdridge Treasurer | 3 | $0 | |
Joanna Geraghty Director | 3 | $0 | |
Amy Burr Director | 3 | $0 | |
Brian Friedman Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,894 |
| Interest on Savings | $6,260 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,199 |
| Total operating and administrative expenses | $42,550 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $232,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,543 |
| Savings and temporary cash investments | $533,134 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $9,149 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $575,826 |
| Accounts payable and accrued expenses | $9,125 |
| Grants payable | $215,000 |
| 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 | $224,125 |
Grants Awarded
Over the last fiscal year, Jetblue Grants Foundation has awarded $370,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
PUERTO RICO AVIATION MAINTENANCE INSTITUTE PURPOSE: SUPPORT SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS ("STEM") PROGRAMS TO PROMOTE CHILD EDUCATION IN AVIATION | $30,000 |
New York, NY PURPOSE: LEADERSHIP INSTITUTE | $25,000 |
Norwood, MA PURPOSE: DISCOVERY AND CADET FLYERS PROGRAM | $25,000 |
AVIATION HIGH SCHOOL PURPOSE: SUPPORT AFTER-SCHOOL AND SATURDAY AVIATION MAINTENANCE FEDERAL AVIATION ADMINISTRATION (FAA) PRACTICAL HANDS-ON COURSEWORK TO ENSURE THAT ALL STUDENTS IMPACTED BY THE MARCH THROUGH JUNE 2020 QUARANTINE AND CURRENT BLENDED LEARNING MODELS CAN MEET THEIR LICENSE REQUIREMENTS | $25,000 |
Fort Lauderdale, FL PURPOSE: AVIATION ACADEMY PROGRAM | $25,000 |
INTER AMERICAN UNIVERSITY OF PUERTO RICO INC PURPOSE: WINGS FOR ALL PROGRAM | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jetblue Grants Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Ga Telesis Charitable Fund Inc Fort Lauderdale, FL PURPOSE: CHARITY GOLF TOURNAMENT SPONSER | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |