Jerome Foundation 22720-6
Jerome Foundation 22720-6 is a private foundation, based in Terrace Park, OH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $319K in total assets. In 2025, it awarded 2 grants totaling $500. Net investment income was $3K.
Jerome Foundation 22720-6 at a glance
In short: Jerome Foundation 22720-6 gave $500 across 2 grants in 2025 (avg $250), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $500
- -33.3% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $250
- +0.0% vs 2024
- Median grant
- $250
- Total assets
- $319,173
- +2.9% vs 2024
- Primary geography
- Florida (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Jerome Foundation 22720-6 funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Wounded Warrior Project ($250). Together the top 2 received $500.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Jerome Foundation 22720-6 gives
- Giving fell 91% from 2022 to 2025. Method
- In 2025 it paid out 6% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $500 (2025) to $19K (2021). In 2025 it made 2 grants totaling $500.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wounded Warrior Project Jacksonville, FL | Unrestricted Donation | $250 |
| Pocono Wildlife Stroudsburg, PA | Unrestrcted Donation | $250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $319,173 | $4,314 | $1,962 | $500 | 2 | $500 | $2,852 | $9,071 |
| 2024 | $310,077 | $1,950 | $5,847 | $750 | 3 | $750 | — | $11,771 |
| 2023 | $315,603 | $230 | $29,500 | $2,500 | 1 | $2,500 | $230 | $4,895 |
| 2022 | $342,422 | $19 | $29,095 | $5,500 | 6 | $12,347 | — | $124 |
| 2021 | $371,498 | $18,148 | $41,519 | $19,469 | 8 | $26,509 | $3,138 | $18,689 |
| 2020 | $394,869 | $7,594 | $41,565 | $12,000 | 12 | — | — | $18,929 |
Under IRS private-foundation payout rules, Jerome Foundation 22720-6 reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jerome Foundation 22720-6 is led by Kim Michelson, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Kim Michelson
Trustee
On filings since 2021
$8K (2021) → $0 (2025)
Former officers (2)
- Former: Gary S. Figore (2020–2023) — Officer
- Former: R. Jerry Little (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $2K, to Kim Michelson (Trustee).
Frequently asked questions about Jerome Foundation 22720-6
How much does Jerome Foundation 22720-6 give each year?
Jerome Foundation 22720-6 gave $500 across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $750 across 3 grants.
How large is Jerome Foundation 22720-6?
Jerome Foundation 22720-6 reported $319K in total assets on its 2025 IRS Form 990-PF. It paid out $500 in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Jerome Foundation 22720-6 operate?
Jerome Foundation 22720-6 has awarded grants in California, Florida, Kansas, Pennsylvania.
What is Jerome Foundation 22720-6's EIN?
Jerome Foundation 22720-6's EIN (Employer Identification Number) is 25-6066649. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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