Jace Foundation
- Assets
- $947.1k
- Revenue
- $507.4k
- Investments
- $490.3k
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-3976031
Organization Overview
Jace Foundation is located in Westlake Village, CA. 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. Jace 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, Jace Foundation generated $507.4k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mark Essayan Trustee | 0.25 | $0 | |
Susan Marie Jerian Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $46 |
| Dividends & Interest | $4,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,177 |
| Capital Gain Net Income | $2,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,150 |
| Total Revenue | $507,398 |
| 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 | $254 |
| Total operating and administrative expenses | $17,246 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $52,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $456,798 |
| 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 | $191,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $947,130 |
| 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, Jace Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AGBU ARMENIAN GENERAL BENEVOLENT UN PURPOSE: GENERAL SUPPORT | $15,000 |
AUA AMERICAN UNIVERSITY OF ARMENIA PURPOSE: SCHOLARSHIPS | $20,000 |