Jacks Foundation Inc
- Assets
- $7.4m
- Revenue
- $1.2m
- Investments
- $6.7m
- Employees
- 0
- Location
- Hauppauge, NY
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-5662391
Organization Overview
Jacks Foundation Inc is located in Hauppauge, NY. The organization was established in 2015. According to its NTEE Classification (T31) the organization is classified as: Community 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. Jacks 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, Jacks Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $774.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jacks Foundation Inc has awarded 49 individual grants totaling $3,465,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXISTS TO PROVIDE FINANCIAL SUPPORT TO VARIOUS CHARITABLE ORGANZATIONS AROUND THE WORLD THAT FURTHER THE EDUCATION OF CHILDREN AND PROVIDE FOR THE SUPPORT AND WELFARE OF CHILDREN, THE HOMELESS, AND THE DESTITUTE, AS WELL AS TO PROVIDE FINANCIAL SUPPORT TO VARIOUS OTHER NOT-FOR-PROFIT INSTITUTIONS THAT HELP OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Ryan Director/pre | 0 | $0 | |
Thomas Radgowski Director/sec | 0 | $0 | |
Steven Radgowski Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,132,521 |
| Interest on Savings | $11,067 |
| Dividends & Interest | $190,952 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$103,105 |
| Capital Gain Net Income | $235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,231,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,869 |
| Total operating and administrative expenses | $59,628 |
| Contributions, gifts, grants paid | $715,000 |
| Total expenses and disbursements | $774,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $724,014 |
| 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 | $0 |
| Total assets | $7,417,917 |
| 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, Jacks Foundation Inc has awarded $715,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WSHU PUBLIC RADIO PURPOSE: UNRESTRICTED DONATION | $10,000 |
SAVE THE SOUND PURPOSE: UNRESTRICTED DONATION | $10,000 |
THE KOSCIUSZKO FOUNDATION PURPOSE: UNRESTRICTED DONATION | $205,000 |
WESTMINSTER SCHOOL PURPOSE: FINANCIAL AID ENDOWMENT | $100,000 |
THE BOWERY MISSION PURPOSE: UNRESTRICTED DONATION | $10,000 |
HARBOR COUNTRY DAY SCHOOL PURPOSE: CAPITAL PROJECTS | $250,000 |