Jmg Foundation
- Assets
- $5.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- East Rutherford, NJ
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 80-0592321
Organization Overview
Jmg Foundation is located in East Rutherford, NJ. The organization was established in 2010. 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. Jmg 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, Jmg Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jmg Foundation has awarded 2,404 individual grants totaling $19,066,340. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,646,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $1,646,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,822 |
| Total operating and administrative expenses | $5,822 |
| Contributions, gifts, grants paid | $1,624,045 |
| Total expenses and disbursements | $1,629,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,081 |
| Savings and temporary cash investments | -$77 |
| 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 | $5,004 |
| Accounts payable and accrued expenses | $500 |
| 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 | $500 |
Grants Awarded
Over the last fiscal year, Jmg Foundation has awarded $1,624,045 in support to 176 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM & CR SOLOVEITCHIK PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $2,500 |
ADOPT A SHADCHAN PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $5,750 |
AFO THE JERUSALEM KOLLEL PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $10,000 |
AFO SHOUVO YISROEL INC PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $1,500 |
AHAVAS CHESED AND TORAH PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $1,000 |
AGUDATH ISRAEL OF ILLINOIS PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $400 |