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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
FJC has achieved an impressive 99% overall score, reflecting its strong performance in accountability and financial health. With a perfect score in areas such as independent board membership and financial oversight, the organization demonstrates a commitment to transparency and responsible management. The high program expense ratio indicates that a significant majority of funds are directed towards its programs and services, which is a positive sign for potential donors.
While FJC excels in many areas, there is a noted limitation regarding its donor privacy policy, which is missing. This gap may raise concerns for potential contributors who value the assurance of their information being protected. Additionally, the fundraising efficiency ratio suggests that the organization could improve its fundraising strategies, as the current efficiency is lower compared to its overall score.
Overall, FJC stands out as a well-managed nonprofit with a clear focus on its mission and a strong foundation in governance. However, addressing the donor privacy issue and enhancing fundraising efficiency could further strengthen its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $254,917
- Related: $0
- Other: $55,630
- Compensation: $174,838
- Related: $0
- Other: $56,112
- Compensation: $208,555
- Related: $0
- Other: $8,603
- Compensation: $144,829
- Related: $0
- Other: $38,012
- Compensation: $125,763
- Related: $0
- Other: $52,740
Official website here: www.fjc.org
Where can I find the form 990 for Fjc?
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.
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Impact
October, 2024
Fjc significantly influences the philanthropic landscape by providing innovative financial solutions tailored to the needs of its account holders. Through donor advised funds, fiscal sponsorship, and unique lending options, Fjc enables imaginative donors to implement creative and impactful strategies for their philanthropic endeavors.
The organization emphasizes customization, allowing donors to transcend conventional grant-making. They facilitate a variety of giving methods, including loans, recoverable grants, and impact investments, which empower donors to engage in more comprehensive and strategic approaches to philanthropy. This flexibility not only meets the diverse needs of donors but also adapts to the evolving landscape of the Fjc sector.
Fjc further enhances its impact by hosting funder collaboratives, scholarship programs, and other philanthropic initiatives that foster collaboration and address pressing community needs. Based in New York, Fjc is committed to supporting a dynamic approach to philanthropy, positioning itself as a critical player in driving social change and innovation. Through their tailored services and collaborative efforts, Fjc contributes to a sector that is increasingly responsive to the challenges and opportunities facing communities today.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(212) 714-0001Principal Officer
Lorin Silverman
Main Address
225 WEST 39TH STREET 12TH FLOOR, NEW YORK, NY, 10018
Website
www.fjc.orgNTEE Category
Code: I990 - Crime
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