Jacobin Foundation Ltd
- Assets
- $3.0m
- Revenue
- $2.9m
- Investments
- $1.8m
- Employees
- 23
- Location
- Brooklyn, NY
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 46-4332395
Organization Overview
Jacobin Foundation Ltd is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Jacobin Foundation Ltd employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacobin Foundation Ltd 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, Jacobin Foundation Ltd generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUBSCRIPTION FACILITATE CRITICAL DIALOGUE AND EXCHANGE ON ISSUES PERTAINING TO POLITICS, CULUTRE, AND ECONOMICS FOR THE BENEFIT OF PUBLIC DISCOURSE ON THOSE ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSCRIPTIONS TO PUBLISHED QUARTERLY PUBLICATIONS
SPONSORSHIP AND ADVERTISEMENTS
ROYALTIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhaskar Sunkara | OfficerTrustee | 45 | $71,458 |
Remeike Forbes | Officer | 40 | $71,458 |
Ariella Thornhill | Officer | 5 | $0 |
Adrian Bleifuss Prados | Officer | 5 | $0 |
Alexander Payne | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,231,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,363,468 |
| Total Program Service Revenue | $1,517,545 |
| Investment income | $53,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,934,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $953,499 |
| Pension plan accruals and contributions | $14,634 |
| Other employee benefits | $0 |
| Payroll taxes | $76,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,950 |
| Fees for services: Accounting | $17,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $943,158 |
| Advertising and promotion | $94,923 |
| Office expenses | $8,512 |
| Information technology | $52,113 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,344 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,786 |
| Insurance | $119,690 |
| All other expenses | $756,925 |
| Total functional expenses | $3,117,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,484 |
| Savings and temporary cash investments | $150,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,796,361 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,032,394 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,213,580 |
| Total liabilities | $2,213,580 |
| Net assets without donor restrictions | $818,814 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,032,394 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jacobin Foundation Ltd has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Turnip Top Foundation Santa Fe, NM PURPOSE: SUPPORT OF 501C3 ORGANIZATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harc Inc Hartford, CT | $9,020,938 | $21,432,465 |
Merakey New Jersey Inc Lafayette Hill, PA | $3,333,906 | $18,038,178 |
Friends Home At Woodstown Inc Woodstown, NJ | $21,975,067 | $12,213,479 |
Community Action Programs Inter-City Inc Chelsea, MA | $5,352,397 | $12,740,283 |
St Edmonds Home For Crippled Children Philadelphia, PA | $49,721,966 | $18,318,758 |
North Shore Community Action Programs Inc Peabody, MA | $2,572,434 | $10,364,701 |
Senior Community Services Inc Lakewood, NJ | $636,384 | $10,329,992 |
Bridgeport Rescue Mission Inc Bridgeport, CT | $13,115,904 | $7,507,161 |
Newlands Health Philadelphia, PA | $1,159,090 | $8,229,782 |
Janet H And C Harry Knowles Foundation Inc Moorestown, NJ | $83,707,741 | $6,312,977 |
Transitional Services Inc Homestead, PA | $10,014,611 | $8,842,162 |
New Jersey Reentry Jersey City, NJ | $4,380,691 | $8,275,013 |