Darren And Terry Jackson Foundationinc
- Assets
- $8.4m
- Revenue
- $63.9k
- Investments
- $7.7m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5941634
Organization Overview
Darren And Terry Jackson Foundationinc is located in Milwaukee, WI. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Darren And Terry Jackson Foundationinc 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 12/2022, Darren And Terry Jackson Foundationinc generated $63.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.2%) each year. All expenses for the organization totaled $894.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Darren And Terry Jackson Foundationinc has awarded 61 individual grants totaling $2,984,950. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren R Jackson President | 1 | $0 | |
Theresa A Jackson Treasurer | 0.5 | $0 | |
Ryan D Jackson Director | 1 | $0 | |
Bridget C Jackson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,864 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,100 |
| Total operating and administrative expenses | $84,337 |
| Contributions, gifts, grants paid | $810,128 |
| Total expenses and disbursements | $894,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $681,237 |
| 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 | $1,018,051 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $423 |
| Total assets | $8,401,946 |
| 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, Darren And Terry Jackson Foundationinc has awarded $810,128 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
AFS USA PURPOSE: GENERAL OPERATING | $2,000 |
ALL IN MILWAUKEE PURPOSE: GENERAL OPERATING | $100,000 |
ARRUPE VIRTUAL LEARNING PURPOSE: GENERAL OPERATING | $1,000 |
CERENITY MARIAN PURPOSE: GENERAL OPERATING | $1,000 |
DEMONTREVILLE JESUIT RETREAT HOUSE PURPOSE: GENERAL OPERATING | $10,000 |
DREXEL FUND PURPOSE: GENERAL OPERATING | $10,000 |