Jlgs Foundation Corp
- Assets
- $4.5m
- Revenue
- $1.1m
- Investments
- $3.7m
- Employees
- 0
- Location
- Congers, NY
- Founding
- Data as of
- 10/2023
- EIN
- 85-4013047
Organization Overview
Jlgs Foundation Corp is located in Congers, 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. Jlgs Foundation Corp 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 10/2023, Jlgs Foundation Corp generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $284.4k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jlgs Foundation Corp has awarded 17 individual grants totaling $285,874. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie H Yang Treasurer | 5 | $0 | |
Eric Yang President | 5 | $0 | |
Bao-Wen Yang VP | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,663 |
| Dividends & Interest | $17,853 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,059,554 |
| Capital Gain Net Income | $1,059,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,092,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,237 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,434 |
| Printing and publications | $0 |
| Other expenses | $43,949 |
| Total operating and administrative expenses | $77,548 |
| Contributions, gifts, grants paid | $206,810 |
| Total expenses and disbursements | $284,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,802 |
| Savings and temporary cash investments | $709,548 |
| 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 | $28,003 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,494,667 |
| Accounts payable and accrued expenses | $8,270 |
| 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 | $8,270 |
Grants Awarded
Over the last fiscal year, Jlgs Foundation Corp has awarded $206,810 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
REPS FOR RESPONDERS PURPOSE: TO SUPOORT THE FIRST RESONDERS | $1,000 |
AMERICAN NUCLEAR SOCIETY PURPOSE: SUPPLY ENERGY AND CLEAN WATER FOR THE 3RD WORLD COUNTRIES | $2,000 |
UNICEF USA PURPOSE: FOR CHILDREN WHO NEED HELP | $1,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: TO PROVIDE ANIMALS LIFESAVING CARE | $500 |
INTERNATIONAL MEDICAL CORPS PURPOSE: DELIVER HEALTHCARE SERVICES TO THOSE AFFECTED BY DISASTER AND DISEASE | $1,000 |
NYACK FIRE PATROL PURPOSE: RESCUE SALVAGE COMPANY FOR THE NYACK FIRE DEPARTMENT | $100 |