Jewels Of Charity Inc
- Assets
- $7.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Roseland, NJ
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 52-1611546
Organization Overview
Jewels Of Charity Inc is located in Roseland, NJ. The organization was established in 1989. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Jewels Of Charity 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 12/2023, Jewels Of Charity Inc generated $5.7m in total revenue. All expenses for the organization totaled $347.2k during the year ending 12/2023.
Since 2020, Jewels Of Charity Inc has awarded 12 individual grants totaling $2,351,050. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE DEVELOPMENT OF THE ARTS AND MEDICAL SCIENCES BY MAKING GRANTS AND DISTRIBUTIONS TO SUPPORTED ORGANIZATIONS FOR USE IN THEIR CHARITABLE OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE DEVELOPMENT OF THE ARTS AND MEDICAL SCIENCES BY MAKING GRANTS AND DISTRIBUTIONS TO SUPPORTED ORGANIZATIONS FOR USE IN THEIR CHARITABLE OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debora D Durkin Pres/trustee | OfficerTrustee | 10 | $15,000 |
Robert Campbell Trustee | Trustee | 3 | $0 |
Carlos Ray Norris Trustee | Trustee | 3 | $0 |
Christopher Patek Vp/trustee | OfficerTrustee | 3 | $0 |
Douglas Struyk Trustee | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $136,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,543,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,679,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $526 |
| Fees for services: Accounting | $17,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,415 |
| Fees for services: Other | $5,085 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $347,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,634 |
| Savings and temporary cash investments | $1,973,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $5,025,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,190,964 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $7,190,964 |
| Total liabilities and net assets/fund balances | $7,190,964 |
Grants Awarded
Over the last fiscal year, Jewels Of Charity Inc has awarded $300,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN HEALTH CARE CENTER PURPOSE: MEDICAL RESEARCH | $100,000 |
RUTGER CANCER INST OF NJ PURPOSE: MEDICAL RESEARCH- CANCER RESEARCH | $100,000 |
KICK DRUGS OUT OF AMERICA FOU PURPOSE: IN-SCHOOL PROGRAMS FOR YOUTH | $100,000 |