Jfm Foundation Inc
- Assets
- $4.0m
- Revenue
- $5.0m
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-2440057
Organization Overview
Jfm Foundation Inc is located in New York, NY. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Jfm 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 12/2021, Jfm Foundation Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $152.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Manocherian President/treasurer As Req'd | 0 | $0 | |
Judith Manocherian Vice President/secretary As Req'd | 0 | $0 | |
Sarah Manocherian Vice President As Req'd | 0 | $0 | |
Lindsay Manocherian Vice President As Req'd | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,080,477 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,912,381 |
| Capital Gain Net Income | $1,912,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,016,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,106 |
| Total operating and administrative expenses | $14,606 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $152,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,995,295 |
| Savings and temporary cash investments | $0 |
| 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 | $4,011,678 |
| 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, Jfm Foundation Inc has awarded $137,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NICHOLS SCHOOL PURPOSE: GENERAL CONTRIBUTION | $50,000 |
Brooklyn, NY PURPOSE: GENERAL CONTRIBUTION | $25,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $15,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $10,000 |
URBANGLASS PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Center City, MN PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |