Charles E Jacobs Foundation
- Assets
- $18.0m
- Revenue
- $4.6m
- Investments
- $14.7m
- Employees
- 0
- Location
- Albany, TX
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 75-2859040
Organization Overview
Charles E Jacobs Foundation is located in Albany, TX. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles E Jacobs Foundation 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, Charles E Jacobs Foundation generated $4.6m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 43.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charles E Jacobs Foundation has awarded 153 individual grants totaling $4,360,560. 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 |
|---|---|---|---|
Glenn A Picquet President | 1 | $0 | |
Marcia Carol Brewer Jacobs Secretary | 0.5 | $0 | |
Dan Neff Vp/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $147,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,457,092 |
| Capital Gain Net Income | $2,807,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,604,976 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $796 |
| Total operating and administrative expenses | $60,936 |
| Contributions, gifts, grants paid | $1,501,250 |
| Total expenses and disbursements | $1,562,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,390 |
| Savings and temporary cash investments | $2,990,260 |
| 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 | $17,990,221 |
| 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, Charles E Jacobs Foundation has awarded $1,501,250 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY CHURCH OF CHRIST PURPOSE: RELIGIOUS | $7,500 |
ALBANY BASEBALL ASSOCIATION PURPOSE: YOUTH BASEBALL | $50,000 |
ALBANY COMMUNITY CHEST PURPOSE: UNITED WAY | $5,000 |
ALBANY MASONIC WISDOM FOUNDATION PURPOSE: EDUCATION | $250 |
ALBANY INDEPENDENT SCHOOL DISTRICT PURPOSE: EDUCATION | $51,500 |
ALBANY MINISTERIAL ALLIANCE PURPOSE: FOOD BASKETS FOR NEEDY | $2,500 |