Jumet Charitable Foundation
- Assets
- $1.6m
- Revenue
- $269.2k
- Investments
- $1.5m
- Employees
- 0
- Location
- Darlington, PA
- Founding
- 01/2006
- Data as of
- 06/2023
- EIN
- 20-3575169
Organization Overview
Jumet Charitable Foundation is located in Darlington, PA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jumet Charitable 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 06/2023, Jumet Charitable Foundation generated $269.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $64.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jumet Charitable Foundation has awarded 317 individual grants totaling $1,027,840. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 33 INDIVIDUALS ATTENDING VARIOUS COLLEGES AND UNIVERSITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Pagely Chairman | 10 | $0 | |
Julie A Jumet Director | 10 | $0 | |
Carol E Sprinker Director | 1 | $0 | |
Jan F Jumet Director | 1 | $0 | |
Shenandoah Hoskinson Director | 1 | $0 | |
Lia Vinciguerra Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $219,424 |
| Interest on Savings | $120 |
| Dividends & Interest | $14,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,356 |
| Capital Gain Net Income | $34,356 |
| Net ST Capital Gain | $838 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $578 |
| Total Revenue | $269,197 |
| 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 | $138 |
| Total operating and administrative expenses | $138 |
| Contributions, gifts, grants paid | $63,850 |
| Total expenses and disbursements | $63,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,973 |
| Savings and temporary cash investments | $132,176 |
| 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 | $1,455,031 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,595,180 |
| 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, Jumet Charitable Foundation has awarded $63,850 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
DUQUESNE UNIVERSITY FBO EVA CONTI PURPOSE: EDUCATION | $2,150 |
COLUMBIA UNIVERSITY FBO CHRIS CINKUS PURPOSE: EDUCATION | $1,500 |
CLARION UNIVERSITY FBO ISABELLA D'AMICO PURPOSE: EDUCATION | $2,150 |
DUQUESNE UNIVERSITY FBO CASSIDY CAMP PURPOSE: EDUCATION | $2,150 |
DUQUESNE UNIVERSITY FBO MAXWELL UJHARY PURPOSE: EDUCATION | $1,500 |
DUQUESNE UNIVERSITY FBO PAIGE ELMER PURPOSE: EDUCATION | $2,150 |