Jfbmd Fund
- Assets
- $346.9k
- Revenue
- $25.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington Woods, MI
- Founding
- Data as of
- 12/2023
- EIN
- 84-3177704
Organization Overview
Jfbmd Fund is located in Huntington Woods, MI. 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. Jfbmd Fund 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 12/2023, Jfbmd Fund generated $25.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (35.8%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE AND ADMINISTER FUNDS AND PROPERTY AND TO OPERATE EXCUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND,IN PARTICULAR, TO ADVANCE EDUCATION AND PROVIDE OPPORTUNITIES FOR ECONOMIC ADVANCEMENT THROUGH THE LENDING OF MONEY TO STUDENTS AND PEOPLE IN NEED WHO ARE MEMBERS OF THE ORTHODOX JEWISH COMMUNITY IN METROPOLITAN DETROIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan D Borsand Officer | 1 | $0 | |
Susie Wayntraub Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $34 |
| 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 | $25,034 |
| 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 | $1,228 |
| Total operating and administrative expenses | $1,228 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,763 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $80,094 |
| 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 | $346,857 |
| 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 |