J Korber Foundation Inc
- Assets
- $1.6m
- Revenue
- $116.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 00/0000
- Data as of
- 03/2024
- EIN
- 85-0275755
Organization Overview
J Korber Foundation Inc is located in Albuquerque, NM. The organization was established in 0000. 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 Korber 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 03/2024, J Korber Foundation Inc generated $116.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $133.8k during the year ending 03/2024. While expenses have increased by 1.8% per year over the past 8 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 2016, J Korber Foundation Inc has awarded 55 individual grants totaling $1,020,000. 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 |
|---|---|---|---|
Julia A Elstner Vice-Pres | 1 | $0 | |
Jessica Montoya President | 1 | $0 | |
Jacob Montoya Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,126 |
| Capital Gain Net Income | $64,126 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,474 |
| Total operating and administrative expenses | $23,822 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $133,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,610 |
| 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 | $1,605,517 |
| 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 | $50,000 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, J Korber Foundation Inc has awarded $110,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CASA ANGELICA PURPOSE: ASSISTING DEVELOPMENTALLY DISABLED YOUTH. | $8,000 |
CUIDANDO LOS NINOS PURPOSE: CHILDCARE & SUPPORT SERVICES FOR HOMELESS FAMILIES | $10,000 |
HOPEWORKS PURPOSE: ASSISTING THE HOMELESS | $50,000 |
MANZANO DAY SCHOOL PURPOSE: EDUCATION | $5,000 |
SANDIA PREPARATORY SCHOOL PURPOSE: EDUCATION | $17,000 |
WOMEN'S COMMUNITY ASSOCIATION PURPOSE: FAMILY SHELTER/COUNSELING | $20,000 |