Justamere Foundation
- Assets
- $28.8m
- Revenue
- $2.1m
- Investments
- $20.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 86-2670774
Organization Overview
Justamere Foundation is located in Wilmington, DE. 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. Justamere 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, Justamere Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (74.4%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Justamere Foundation has awarded 292 individual grants totaling $7,713,531. 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 |
|---|---|---|---|
Casey A Bentley Dir | 1 | $0 | |
Raymond B Bentley Dir | 1 | $0 | |
Shelby L Bentley Dir | 40 | $80,000 | |
Therese G Bentley Sec, Dir | 1 | $0 | |
Lori Cushman Dir, Pres, Treas | 40 | $124,110 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/23 | $93,071 |
Prowell Financial Management Llc | 12/30/23 | $65,065 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,032,358 |
| Interest on Savings | $39,037 |
| Dividends & Interest | $610,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,817,731 |
| Capital Gain Net Income | $7,484,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $206,658 |
| Total Revenue | $2,071,033 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $176,068 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $45,514 |
| Interest | $110,048 |
| Taxes | $242,269 |
| Depreciation | $0 |
| Occupancy | $96 |
| Travel, conferences, and meetings | $1,470 |
| Printing and publications | $0 |
| Other expenses | $152,177 |
| Total operating and administrative expenses | $795,414 |
| Contributions, gifts, grants paid | $3,237,468 |
| Total expenses and disbursements | $4,032,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,221,051 |
| Net Accounts receivable | $3,155 |
| 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 | $3,098,410 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,826,079 |
| 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, Justamere Foundation has awarded $3,896,013 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
ACLAMO PURPOSE: DISCOVER YOUR FUTURE: ACLAMO MENTORSHIP AND CAREER DEVELOPMENT PROGRAM | $3,000 |
A BOOK A DAY PURPOSE: A BOOK A DAY'S BOOK DISTRIBUTION SUPPORT AND EXPANSION PROJECT | $20,000 |
ANNS HEART PURPOSE: ANN'S HEART ADULT GED PROGRAM | $28,000 |
ARTS HOLDING HANDS AND HEARTS INC PURPOSE: CHESTER COUNTY IMAGINATION LIBRARY | $100,000 |
ARMSTRONG COUNTY COMMUNITY ACTION AGENCY PURPOSE: DOLLY PARTON'S IMAGINATION LIBRARY | $94,380 |
ARTS HOLDING HANDS AND HEARTS INC PURPOSE: GENERAL & UNRESTRICTED | $5,280 |