Jay & Blum Charity Foundation Inc
- Assets
- $908.0k
- Revenue
- $302.8k
- Investments
- $274.8k
- Employees
- 0
- Location
- Monroe, NY
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4433898
Organization Overview
Jay & Blum Charity Foundation Inc is located in Monroe, NY. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Jay & Blum Charity Foundation Inc 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, Jay & Blum Charity Foundation Inc generated $302.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $214.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jay & Blum Charity Foundation Inc has awarded 20 individual grants totaling $575,144. 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 |
|---|---|---|---|
Joel Chaim Director | 1 | $0 | |
Blima Chaim Director | 0.5 | $0 | |
Yoel Werzberger Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $295,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $8,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$615 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10 |
| Total Revenue | $302,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,479 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $214,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,924 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,278 |
| Total assets | $908,038 |
| 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, Jay & Blum Charity Foundation Inc has awarded $210,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YEDIDDIM OF KJ PURPOSE: TO ASSIST CANCER PATIENTS & FAMILY WITH PHYSICAL & EMOTIONAL SUPPORT | $10,000 |
THE OJC FUND THE ORTHODOX JEWISH COMMUNAL FUND PURPOSE: TO SUPPORT VARIOUS JEWISH ORGANIZATION | $200,000 |