Jessica Cares Foundation Inc
- Assets
- $6.9m
- Revenue
- $119.4k
- Investments
- $6.8m
- Employees
- 0
- Location
- Westwood, NJ
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1832884
Organization Overview
Jessica Cares Foundation Inc is located in Westwood, NJ. The organization was established in 2015. 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. Jessica Cares 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, Jessica Cares Foundation Inc generated $119.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $486.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Bluestein Director | 0 | $0 | |
Jessica Reisman Director | 1 | $0 | |
Jessica Bishop Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,761 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $307 |
| Total Revenue | $119,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,715 |
| Total operating and administrative expenses | $82,364 |
| Contributions, gifts, grants paid | $404,248 |
| Total expenses and disbursements | $486,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,430 |
| 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 | $481,380 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,932,048 |
| 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, Jessica Cares Foundation Inc has awarded $355,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRACTURED ATLAS PURPOSE: CHARITABLE | $325,000 |
NEW YORK CITY HALLOWEEN PARADE PURPOSE: CHARITABLE | $30,000 |