J M Rubin Foundation Inc
- Assets
- $40.5m
- Revenue
- $2.2m
- Investments
- $35.5m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 04/1980
- Data as of
- 11/2022
- EIN
- 59-1958240
Organization Overview
J M Rubin Foundation Inc is located in West Palm Beach, FL. The organization was established in 1980. 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. J M Rubin 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 11/2022, J M Rubin Foundation Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $4.4m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, J M Rubin Foundation Inc has awarded 382 individual grants totaling $10,661,718. 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.
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 |
|---|---|---|---|
Mary S Harper President | 40 | $333,425 | |
Kimberly L Harris Vp/treasurer | 40 | $147,032 | |
Barbara S Noble Trustee | 2 | $49,000 | |
Laurel T Baker Trustee | 2 | $42,000 | |
Edward R Griffin Trustee | 2 | $42,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,865 |
| Dividends & Interest | $1,403,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $807,006 |
| Capital Gain Net Income | $807,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,800 |
| Total Revenue | $2,217,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $613,457 |
| Other employee salaries and wages | $47,894 |
| Pension plans, employee benefits | $311,747 |
| Interest | $0 |
| Taxes | $31,605 |
| Depreciation | $11,076 |
| Occupancy | $138,485 |
| Travel, conferences, and meetings | $16,576 |
| Printing and publications | $1,272 |
| Other expenses | $38,653 |
| Total operating and administrative expenses | $1,365,492 |
| Contributions, gifts, grants paid | $3,068,937 |
| Total expenses and disbursements | $4,434,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,892,399 |
| 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 | $21,535 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $112,257 |
| Net Land, buildings, and equipment | $83,847 |
| Other assets | $18,000 |
| Total assets | $40,486,140 |
| 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, J M Rubin Foundation Inc has awarded $3,068,937 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $239,400 |
Tallahassee, FL PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $143,600 |
PALM BEACH ATLANTIC UNIVERSITY PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $127,330 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: SCHOLARSHIP FOR THE BENEFIT OF A PARTICULAR STUDENT | $108,600 |
West Palm Beach, FL PURPOSE: SUPPORT | $105,000 |
REHAB CENTER FOR CHILDREN & ADULTS INC PURPOSE: SUPPORT | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |