The Jain Family Institute
- Assets
- $1.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 39
- Location
- New York, NY
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 47-4407203
Organization Overview
The Jain Family Institute is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, Jain Family Institute employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jain Family Institute 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, Jain Family Institute generated $5.3m in total revenue. All expenses for the organization totaled $11.3m during the year ending 12/2021.
Since 2018, Jain Family Institute has awarded 17 individual grants totaling $7,461,359. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JAIN FAMILY INSTITUTE IS AN APPLIED RESEARCH ORGANIZATION IN THE SOCIAL SCIENCES WORKING TO BRING JUST AND EQUITABLE RESEARCH AND POLICY FROM CONCEPTION IN THEORY TO IMPLEMENTATION IN SOCIETY BY DEVELOPING ACTIONABLE RESEARCH AND BUILDING PILOT PROGRAMS TO TEST AND SCALE THESE IDEAS TO ULTIMATELY ACHIEVE MAXIMUM POSITIVE IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JAIN FAMILY INSTITUTE PROVIDES ANALYSIS AND EXPERT GUIDANCE, IN THE FORM OF PILOTS, CONSULTING, AND RESEARCH, ON MATTERS OF SOCIAL AND ECONOMIC POLICY, WITH A PARTICULAR FOCUS ON GUARANTEED INCOME, HIGHER EDUCATION FINANCE, AND DIGITAL ETHICS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Stynes Ceo, Trustee | Trustee | 40 | $205,083 |
Jerome Hodges Chief Research Officer | Trustee | 40 | $174,083 |
Alexander Jacobs COO | Trustee | 40 | $139,710 |
Sidhya Balakrishnan Director Of Research | Trustee | 40 | $139,647 |
Molly Dektar Director Of Editorial | Trustee | 40 | $132,522 |
Carola Jain Director, Vice President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,840,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,840,239 |
| Total Program Service Revenue | $443,172 |
| Investment income | $111 |
| 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 | $5,283,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,744,059 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $618,262 |
| Compensation of current officers, directors, key employees. | $6,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,543,426 |
| Pension plan accruals and contributions | $50,126 |
| Other employee benefits | $191,506 |
| Payroll taxes | $166,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,836 |
| Fees for services: Accounting | $49,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $138,094 |
| Office expenses | $197,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,843 |
| Insurance | $20,698 |
| All other expenses | $62,181 |
| Total functional expenses | $11,326,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,733 |
| 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 | $104,474 |
| Net Land, buildings, and equipment | $225,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,395 |
| Total assets | $1,266,575 |
| Accounts payable and accrued expenses | $108,975 |
| 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 | $99,740 |
| Total liabilities | $208,715 |
| Net assets without donor restrictions | $0 |
| 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 | $865,603 |
| Total liabilities and net assets/fund balances | $1,266,575 |
Grants Awarded
Over the last fiscal year, The Jain Family Institute has awarded $6,638,086 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMPTON COMMUNITY DEVELOPMENT CORPORATION PURPOSE: GENERAL UNRESTRICTED | $6,531,068 |
APPALACHIAN STATE UNIVERSITY PURPOSE: GENERAL UNRESTRICTED | $30,754 |
New York, NY PURPOSE: GENERAL UNRESTRICTED | $30,000 |
Ann Arbor, MI PURPOSE: GENERAL UNRESTRICTED | $26,864 |
Boston, MA PURPOSE: GENERAL UNRESTRICTED | $10,000 |
Salt Lake City, UT PURPOSE: GENERAL UNRESTRICTED | $9,400 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Jain Family Institute has recieved totaling $587,800.
| Awarding Organization | Amount |
|---|---|
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT OF THE FUND FOR GUARANTEED INCOME TO IMPROVE THE ECONOMIC WELLBEING OF LOW-INCOME RESIDENTS IN THE CITY OF COMPTON THROUGH A GUARANTEED INCOME DEMONSTRATION PROJECT. | $200,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78819 EVALUATING THE IMPACT OF A GUARANTEED INCOME | $138,900 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78819 EVALUATING THE IMPACT OF A GUARANTEED INCOME | $138,900 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO SUPPORT THE FUND FOR GUARANTEED INCOME COMPTON PLEDGE. | $50,000 |
Philanthropic Ventures Foundation Oakland, CA PURPOSE: IN SUPPORT OF THE COMPTON PLEDGE | $25,000 |
Reissa Foundation Wilmington, DE PURPOSE: FUND FOR GUARANTEED INCOME: COMPTON PLEDGE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |