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Fjc

Fjc - A Foundation Of Philanthropic Funds

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133848582 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Fjc?

FJC, also known as FJC - A Foundation of Philanthropic Funds, is a New York-based nonprofit organization with a team of twelve dedicated individuals. Their mission lies in supporting the nonprofit sector through various philanthropic solutions, including donor-advised funds, fiscal sponsorship, nonprofit lending, and customized giving programs. FJC sets itself apart from traditional nonprofits by offering a boutique, customizable service tailored to imaginative donors. While many account holders use donor-advised funds to recommend grants to their preferred charities, FJC caters to those who wish to deploy funds as loans, recoverable grants, or impact investments. They have facilitated funder collaboratives, scholarship and award programs, and other innovative philanthropic initiatives that cater to both donors' needs and the evolving nonprofit sector.


Official website here: www.fjc.org

Is Fjc legitimate?

Fjc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fjc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $768,820
Professional Fundraising Fees: $0
Other Salaries and Wages: $596,630

For more financial information, click here


Official website here: www.fjc.org

What is the mission statement of Fjc?

Fjc is a organization dedicated to supporting the nonprofit sector in unique ways. Their mission encompasses donor advised funds, fiscal sponsorship, nonprofit lending, and customized philanthropic solutions. While many donors utilize donor advised funds conventionally to grant money to their preferred charities, Fjc caters to those who wish to deploy funds as loans, recoverable grants, or impact investments. The organization has facilitated funder collaboratives, scholarship and award programs, and various other philanthropic accounts that cater to both donor needs and the evolving nonprofit sector.


Official website here: www.fjc.org

Who is the CEO of Fjc?

Lorin Silverman is the President & Treasurer of Fjc. The CEO's salary of Fjc is $254,917 and their total compensation is $310,547.


Official website here: www.fjc.org

What is the revenue of Fjc?

Fjc's revenue in 2022 was $65,059,967.


Official website here: www.fjc.org

Who are the executives of Fjc and what are their salaries?

The average compensation at Fjc during 2022 was $113,788. There are 12 employees and 8 volunteers at Fjc.

Here are 13 key members and their salaries (Fjc's CEO's salary is $254,917 and their total compensation is $310,547):

    Samuel Marks (Ceo)
  • Compensation: $254,917
  • Related: $0
  • Other: $55,630

    • Regina Rodriguez (Cfo/Cio)
  • Compensation: $174,838
  • Related: $0
  • Other: $56,112

    • Mark Cohen (Asst. Secretary, Chief Legal Officer)
  • Compensation: $208,555
  • Related: $0
  • Other: $8,603

    • Meghan Hudson (Coo)
  • Compensation: $144,829
  • Related: $0
  • Other: $38,012

    • Orlando Colon (Controller)
  • Compensation: $125,763
  • Related: $0
  • Other: $52,740

    • Lorin Silverman (President & Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Bubel (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronna Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Gold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Finger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neal Myerberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amber Randolph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Rothkopf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fjc.org

    Where can I find the form 990 for Fjc?

    The Fjc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fjc.org

    Learn more at the official website: www.fjc.org

    Mission Statement of Fjc

    FJC, a pioneering organization, is dedicated to strengthening the nonprofit sector through Donor Advised Funds, Fiscal Sponsorship, Nonprofit Lending, and Customized Philanthropic Solutions. With a commitment to collaboration and creativity, FJC offers a bespoke service to its account holders, accommodating innovative donors seeking unconventional approaches.

    Although many account holders at FJC utilize Donor Advised Funds in a traditional manner, granting funds to their preferred charities, FJC caters to those who wish to deploy their resources in alternative ways. The organization facilitates the use of funds as loans, recoverable grants, or impact investments, providing a versatile and evolving approach to philanthropy.

    FJC's offerings extend beyond the standardDonor Advised Funds, with opportunities for collaborative funding initiatives, scholarship and award programs, and other philanthropic account models tailored to both donors and the ever-changing nonprofit sector. By fostering creative and customized solutions, FJC empowers its clients to make a significant impact on the causes they care about, ultimately contributing to a thriving and vibrant nonprofit community.

    Impact

    This information is meant to be a general summary of Fjc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Fjc's impact lies in its innovative approach to supporting the nonprofit sector through donor advised funds, fiscal sponsorship, lending, and customized philanthropic solutions. By offering a boutique, customizable service to its account holders, Fjc collaborates with imaginative donors seeking more creative approaches to giving. While many account holders use donor advised fund accounts conventionally, Fjc accommodates those interested in deploying funds as loans, recoverable grants, or impact investments. This flexibility allows for the hosting of funder collaboratives, scholarship and award programs, and other variations on philanthropic accounts that meet the evolving needs of both donors and the Fjc sector. Overall, Fjc's impact is characterized by its commitment to fostering innovative and impactful philanthropy within the nonprofit community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,549,609
  • Program Service Revenue: $2,615,290
  • Gross Receipts: $142,945,675

    • Assets and Liabilities:
  • Total Assets: $381,397,057
  • Total Liabilities: $47,945,339
  • Net Assets: $333,451,718
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROG-RELATED LOAN INTEREST

    Revenue

    $2,312,428

    EFA FUND MGMT FEES

    Revenue

    $302,862

    Organization Details

    Founding Year

    1995

    Principal Officer

    Lorin Silverman

    Main Address

    225 WEST 39TH STREET 12TH FLOOR, NEW YORK, NY, 10018

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Fjc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.