Jsc Foundation Inc
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $1.3m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-3802494
Organization Overview
Jsc Foundation Inc is located in Colorado Springs, CO. The organization was established in 2009. 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. Jsc Foundation Inc 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 12/2021, Jsc Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jsc Foundation Inc has awarded 15 individual grants totaling $17,071,605. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTS FUNDS TO SELECTED ORGANIZATIONS THAT QUALIFY FOR TAX-EXEMPTION UNDER SECTIONS 501(C)(3) AND 509(A) OF THE INTERNAL REVENUE CODE. THESE GRANTEES MAY INCLUDE ORGANIZATIONS ENGAGED IN THE FOLLOWING ACTIVITIES: (I) CHRISTIAN EVANGELISM; (II) IDENTIFICATION, TRAINING, AND ORGANIZATION OF PERSONS FOR CHRISTIAN MINISTRY, AND OVERSIGHT OF THOSE PERSONS IN SUCH MINISTRY; (III) TEACHING AND TRAINING REGARDING THEOLOGY, EVANGELISM, AND CHRISTIAN MINISTRY, OR FUNDING FOR SUCH TEACHING AND TRAINING; (IV) PROVISION OF FOOD, CLOTHING, FUNDS, MEDICAL SUPPLIES AND CARE, SHELTER, PHYSICAL PROTECTION, OTHER NECESSITIES, COUNSELING, ADVICE, AND ENCOURAGEMENT TO POOR AND DISADVANTAGED PEOPLE, THE SICK, THE IMPRISONED, THE ORPHANED, AND OTHERS WHO ARE DISTRESSED; (V) MAKING THE PUBLIC AWARE OF THE NEED FOR AND BENEFITS OF FOSTER CARE AND ADOPTION; AND (VI) ADVANCING THE AVAILABILITY OF ADOPTION AND FOSTER CARE SERVICES FOR ORPHANED AND UNWANTED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Coors Treasurer | 0 | $0 | |
John Coors President | 0 | $0 | |
Sharna Coors Secretary | 0 | $0 | |
Jonathan Coors Director | 0 | $0 | |
Heidi Robbins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $655 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,476,885 |
| Capital Gain Net Income | $1,476,885 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,336 |
| Total Revenue | $1,579,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $36,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $280 |
| Printing and publications | $0 |
| Other expenses | $57,545 |
| Total operating and administrative expenses | $141,729 |
| Contributions, gifts, grants paid | $1,210,400 |
| Total expenses and disbursements | $1,352,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $765,878 |
| 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 | $1,330,434 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,800 |
| Total assets | $2,102,112 |
| Accounts payable and accrued expenses | $713 |
| 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 | $713 |
Grants Awarded
Over the last fiscal year, Jsc Foundation Inc has awarded $1,210,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Alpharetta, GA PURPOSE: GENERAL SUPPORT | $1,200,000 |
CHILDREN OF HOPE PURPOSE: GENERAL SUPPORT | $8,000 |
KINGSFIELD MISSION PURPOSE: GENERAL SUPPORT | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |