Jasteka Foundation Inc
- Assets
- $22.3m
- Revenue
- $839.4k
- Investments
- $21.1m
- Employees
- 0
- Location
- Jeffersonville, IN
- Founding
- 03/2000
- Data as of
- 10/2023
- EIN
- 61-1356020
Organization Overview
Jasteka Foundation Inc is located in Jeffersonville, IN. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Jasteka 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 10/2023, Jasteka Foundation Inc generated $839.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.9m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jasteka Foundation Inc has awarded 287 individual grants totaling $11,278,566. 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 |
|---|---|---|---|
James S Karp Chairman | 0 | $0 | |
Irene J Karp Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $234,798 |
| Dividends & Interest | $604,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $839,362 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,725 |
| Total operating and administrative expenses | $21,547 |
| Contributions, gifts, grants paid | $1,831,530 |
| Total expenses and disbursements | $1,853,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,211,068 |
| 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 | $22,285,080 |
| Accounts payable and accrued expenses | $22,054 |
| 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 | $22,054 |
Grants Awarded
Over the last fiscal year, Jasteka Foundation Inc has awarded $1,831,530 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER DAWSON SCHOOL FUND PURPOSE: GENERAL CONTRIBUTION | $5,000 |
BARNARD COLLEGE PURPOSE: GENERAL CONTRIBUTION | $6,000 |
CENTER FOR CREATIVE EDUCATION PURPOSE: GENERAL CONTRIBUTION | $320,030 |
CENTRE COLLEGE PURPOSE: GENERAL CONTRIBUTION | $2,500 |
COLUMBIA UNIVERSITY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
BLUE SKY BRIDGE PURPOSE: GENERAL CONTRIBUTION | $5,000 |