Joan N Bluestone Foundation Inc
- Assets
- $32.9m
- Revenue
- $1.5m
- Investments
- $31.0m
- Employees
- 0
- Location
- Jamaica, NY
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 55-0807934
Organization Overview
Joan N Bluestone Foundation Inc is located in Jamaica, NY. The organization was established in 2003. 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. Joan N Bluestone 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, Joan N Bluestone Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joan N Bluestone Foundation Inc has awarded 78 individual grants totaling $2,347,913. 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 |
|---|---|---|---|
Sara Herbstman President | 0 | $0 | |
Ira Lichtiger Secretary | 0 | $0 | |
Charles Herbstman Trustee | 0 | $0 | |
Michelle Potvin Trustee | 0 | $0 | |
Joyce Litchtiger Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,742,619 |
| Interest on Savings | $272,802 |
| Dividends & Interest | $457,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$967,687 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,968 |
| Total Revenue | $1,517,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $249,881 |
| Total operating and administrative expenses | $276,714 |
| Contributions, gifts, grants paid | $1,835,500 |
| Total expenses and disbursements | $2,112,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,112,856 |
| 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 | $31,037,108 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $777,736 |
| Total assets | $32,927,701 |
| 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 | $11,432 |
| Total liabilities | $11,432 |
Grants Awarded
Over the last fiscal year, Joan N Bluestone Foundation Inc has awarded $1,835,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
QUEENS COLLEGE FOUNDATION PURPOSE: A HOLISTIC APPROACH THAT DEALS WITH IMMEDIATE NEEDS AS WELL AS THE BARRIERS THAT MAY IMPEDE PERSONAL, FAMILY, AND COMMUNITY STABILITY. | $10,000 |
CITY COLLEGE 21ST CENTURY FOUNDATIO PURPOSE: TO PROVIDE NEEDY CHILDREN WITH FINANCIAL AID THROUGH SCHOLARSHIPS. | $20,000 |
YESHIVA COLLEGE PURPOSE: TO PROVIDE NEEDY CHILDREN WITH FINANCIAL AID THROUGH SCHOLARSHIPS. | $10,000 |
BROOKLYN BOTANICAL GARDEN PURPOSE: TO PROVIDE FUNDING FOR THE MAINTANANCE AND BEAUTIFICATION OF THE BROOKLYN BOTANICAL GARDEN | $7,500 |
ALLEY POND ENVIRONMENTAL CENTER PURPOSE: TO PROVIDE FUNDING FOR MAINTAINING THE ALLEY POND ENVIRONMENTAL CENTER. | $2,000 |
COLUMBIA UNIVERSITY SCHOOL OF NURSI PURPOSE: TO PROVIDE NEEDY CHILDREN WITH FINANCIAL AID THROUGH SCHOLARSHIPS. | $5,000 |