Liabilities / Assets
19th percentile
Higher debt load relative to assets than 19% of similar nonprofits.
Mary Jacobs Foundation Inc
EIN 23-7259480 • 501(c)3 • Rocky Hill, NJ
Profile
The Mary Jacobs Foundation supports projects that benefit the community, particularly in areas of creativity, education, sustainability, and community engagement, and to carry out its work through the medium of others.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
23rd percentile
Higher top officer pay than 23% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Balance Sheet
Assets
Up$5,539,076
Up $103,262 (+1.9%) from 2023
Liabilities
Down$48,470
Down $16,210 (-25%) from 2023
Net Assets
Up$5,490,606
Up $119,472 (+2.2%) from 2023
Revenue
Up$129,870
Up $35,769 (+38%) from 2023
Expenses
Up$327,559
Up $54,094 (+20%) from 2023
Net Income
Down-$197,689
Down $18,325 (-10%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $5,539,076
- Liabilities
- $48,470
- Net assets
- $5,490,606
- Revenue
- $129,870
- Expenses
- $327,559
- Net income
- -$197,689
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Apr 27, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $271,035
Mission and Program Overview
Mission
The mary jacobs foundation provides support for projects that benefit the community, particularly in areas of creativity, sustainability, and engagement.
The Mary Jacobs Foundation supports projects that benefit the community, particularly in areas of creativity, education, sustainability, and community engagement, and to carry out its work through the medium of others.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,055,403 | $3,232,434 | ▲ $177,031 |
| Land, Buildings, and Equipment, Net | $2,359,184 | $2,254,378 | ▼ $104,806 |
| Cash and Non-Interest-Bearing Accounts | $15,244 | $47,264 | ▲ $32,020 |
| Pledges and Grants Receivable | $5,000 | $5,000 | → $0 |
| Savings and Temporary Cash Investments | $983 | - | - |
| Total Assets | $5,435,814 | $5,539,076 | ▲ $103,262 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $64,680 | $48,470 | ▼ $16,210 |
| Total Liabilities | $64,680 | $48,470 | ▼ $16,210 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $3,415,137 | $3,769,883 | ▲ $354,746 |
| Net Assets Without Donor Restrictions | $1,955,997 | $1,720,723 | ▼ $235,274 |
| Total Net Assets Fund Balance | $5,371,134 | $5,490,606 | ▲ $119,472 |
| Total Liabilities and Net Assets / Fund Balance | $5,435,814 | $5,539,076 | ▲ $103,262 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,220,173 | $2,071,070 | $4,291,243 |
| Equipment | $4,143 | $216,505 | $220,648 |
| Other Land Buildings | $10,074 | $55,595 | $65,669 |
| Land | $19,988 | - | $19,988 |
| Leasehold Improvements | $0 | - | $0 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $3,415,137 | - | ▲ $354,746 | - | $3,769,883 |
| 2023 | $3,051,605 | - | ▲ $363,532 | - | $3,415,137 |
| 2022 | $3,493,674 | - | ▼ $442,069 | - | $3,051,605 |
| 2021 | $3,032,828 | - | ▲ $460,846 | - | $3,493,674 |
| 2020 | $2,871,205 | - | ▲ $161,623 | - | $3,032,828 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Cary Dawson | President |
| Michelle Jacob | Vice President |
| Rasheeda Pretto | Trustee |
| Crissy Blanos | Secretary |
| Smitha Parakkal | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $15,000
- Program Service Revenue
- $0
- Investment Income
- $114,870
- Other Revenue
- $0
- All Other Contributions
- $15,000
- Change in Net Assets
- $-197,689
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $327,559 |
| Total Fundraising Expense | $549 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Legal | $0 | $198,406 | $0 | $198,406 |
| Depreciation Depletion | $104,806 | $0 | $0 | $104,806 |
| Occupancy | $18,089 | $0 | $0 | $18,089 |
| Fees for Services Accounting | $0 | $2,500 | $0 | $2,500 |
| Insurance | $0 | $1,888 | $0 | $1,888 |
| Office Expenses | $0 | $946 | $0 | $946 |
| Other Expenses | $0 | $375 | $0 | $375 |
| Total Functional Expenses | $122,895 | $204,115 | $549 | $327,559 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Filing and Contact Details
Filer
- Filer Name
- Mary Jacobs Foundation Inc
- EIN
- 23-7259480
- Phone
- 6099247073
- Address
- PO Box 223, ROCKY HILL, NJ 08553-1099
Signing Officer
- Name
- Cary Dawson
- Title
- President
- Phone
- 6099247073
- Signed
- 2025-04-27
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Cary Dawson
- Formed
- 1972
- Legal Domicile
- Nj
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 5
Preparer
- Firm
- Henry B Murphy Jr
- Address
- 26 BIRCHWOOD COURT, PRINCETON JUNCTION, NJ 08550
- Preparer
- Henry B Murphy Jr CPA
- Phone
- 6094972929
Supplemental Narrative
Additional Explanations
Pt VI, Line 11B
“Form 990, part vi, section b, line 11b: board members review form 990 against the entitys financial statements, and confirm that no changes exist.”