The Jernigan Foundation
- Assets
- $1.8m
- Revenue
- $332.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- 10/2015
- Data as of
- 06/2024
- EIN
- 20-8111798
Organization Overview
The Jernigan Foundation is located in Olympia, WA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jernigan 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 06/2024, Jernigan Foundation generated $332.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $508.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jernigan Foundation has awarded 52 individual grants totaling $541,524. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES IS TO PROVIDE SUPPORT TO: 1) ACCREDITED PUBLIC AND PAROCHIAL SCHOOLS, COLLEGES, AND UNIVERSITIES BY PROVIDING FUNDS TO QUALIFIED EDUCATIONAL INSTITUTIONS; 2) QUALIFIED CHARITABLE ORGANIZATIONS, PARTICULARLY THOSE THAT CARE FOR AND SUPPORT INDIVIDUALS IN NEED; 3) QUALIFIED CHURCHES AND CHURCH MISSIONS; 4) FOREIGN ORGANIZATIONS WHICH HAVE RESONABLE DETERMINED TO BE ORGANIZED AND OPERATED AS AN IRC SEC. 501(C)(3) ORGANIZATION AND IN GOOD FAITH DETERMINED TO BE DESCRIBED IN IRC SEC. 509(A)(1), (2), OR (3) OR FOR WHICH THE CORPORATION WILL ASSUME EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SEC. 4945(H) AND THE REGULAATIONS THEREUNDER FOR ONE OR MORE PURPOSES DESCRIBED IN IRC SEC. 170(C)(2)(B); AND/OR 5) NON-EXEMPT DOMESTIC ORGANIZATIONS THE CORPORATION WILL ASSUME EXPENDITURE RESPONSIBILITY FOR IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SEC. 4945(H) AND THE REGULATIONS THEREUNDER FOR ONE OR MORE PURPOSES DESCRIB
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS, PARTICULARLY THOSE THAT CARE FOR AND SUPPORT INDIVIDUALS IN NEED.
DISTRIBUTED GRANTS TO FOREIGN ORGANIZATIONS WHICH AHVE BEEN REASONABLY DETERMINED TO BE ORGANIZED AND OPERATED AS AN IRC SECTION 501(C)(3) ORGANIZATION AND IN GOOD FAITH DETERMINED TO BE DESCRIBED IN IRC SECTION 506(A)(1), (2), OR (3) OR FOR WHICH THE CORPORATION WILL ASSUME EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE REQUIREMENTS OF IRC SECTION 4945(H) AND THE REGULATIONS THEREUNDER FOR ONE OR MORE PURPOSES DESCRIBED IN SECTION 170(C)(2)(B) OF THE CODE.
DISTRIBUTED GRANTS TO ACCREDITED PUBLIC AND PAROCHIAL SCHOOLS, COLLEGES AND UNIVERSITIES BY PROVIDING FUNDS TO QUALIFIED EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katriel Jernigan Director | Trustee | 2 | $0 |
Theodore Jernigan Director | Trustee | 2 | $0 |
Cam Nguyen Director | Trustee | 2 | $0 |
Adam Miranda Director | Trustee | 2 | $0 |
Dalton Van Hatcher Director | Trustee | 2 | $0 |
Tanya Jernigan President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $280,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,855 |
| Total Program Service Revenue | $8,000 |
| Investment income | $43,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $460,584 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,423 |
| Fees for services: Other | $26,363 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $507,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,490,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,778,265 |
| Accounts payable and accrued expenses | $13 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,778,252 |
| Total liabilities and net assets/fund balances | $1,778,265 |
Grants Awarded
Over the last fiscal year, The Jernigan Foundation has awarded $108,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ATK INTERNATIONAL PURPOSE: SUPPORT CONSTRUCTION COST | $20,000 |
FOURSQUARE MISSIONS INTERN PURPOSE: BUILDING PROJECT | $9,074 |
FREEDOM FIRM USA PURPOSE: TO SUPPORT THE FIGHT AGAINST HUMAN | $10,000 |
HEART FOR LEBANON PURPOSE: SUPPORT HOLISTICS | $23,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: SUPPORT CAPITAL CAMPAIGN | $21,176 |
NORTHWEST FAMILY LIFE PURPOSE: SUPPORT CAPITAL CAMPAIGN | $10,000 |