Malcolm Jenkins Foundation
- Assets
- $58.7k
- Revenue
- $268.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Piscataway, NJ
- Founding
- 03/2011
- Data as of
- 12/2023
- EIN
- 27-2996623
Organization Overview
Malcolm Jenkins Foundation is located in Piscataway, NJ. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malcolm Jenkins 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 12/2023, Malcolm Jenkins Foundation generated $268.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $276.1k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S MISSION IS TO EFFECTUATE POSITIVE CHANGE IN THE LIVES OF YOUTH, PARTICULARLY THOSE IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APRIL 2023CLOSING THE WEALTH GAP FINANCIAL LITERACY THE MALCOLM JENKINS MONEY VEHICLE LLC (MV) LAUNCH PARTNERSHIP TO BRING AN ENHANCED FINANCIAL LITERACY CURRICULUM TO EMPOWER HIGH SCHOOL STUDENTS IN PHILADELPHIA, PA, NEWARK, NJ AS PART OF ITS "CLOSING THE WEALTH GAP" EDUCATION INITIATIVE. THE PARTNERSHIP STRENGTHS THE IMPACT OF THE MALCOLM JENKINS FOUNDATION'S FINANCIAL LITERACY PROGRAMMING WITH A 12-WEEK IN-CLASS CURRICULUM POWERED BY MONEY VEHICLE THAT SUPPORTS TEACHER INSTRUCTION AND PROFESSIONAL DEVELOPMENT AND EMPOWERS STUDENT LEARNING AND APPLICATION.
OTHER
NOVEMBER 2023MALCOLM JENKINS VISIONARY IMPACT SCHOLARSHIP - THE MALCOLM JENKINS FOUNDATION ESTABLISHED THE MALCOLM JENKINS VISIONARY IMPACT SCHOLARSHIP WITH $102,250 TO INSPIRE STUDENTS TO BECOME VISIONARY LEADERS, CATALYZING IMPACTFUL CHANGE WITHIN THE OHIO STATE COMMUNITY AND SOCIETY AS A WHOLE. THIS AMOUNT WAS MATCHED THROUGH THE UNIVERSITY'S SCARLET AND GRAY ADVANTAGE PROGRAM, WHICH MATCHES ANY DONOR COMMITMENTS THAT MEET THE UNIVERSITY THRESHOLD TO ESTABLISH A NEW ENDOWED SCHOLARSHIP. EACH YEAR, MALCOLM JENKINS VISIONARY IMPACT SCHOLARSHIP FUND WILL PROVIDE ONE OR MORE SCHOLARSHIPS TO RISING SECOND-YEAR UNDERGRADUATE STUDENTS WHO ARE ENROLLED IN THE COLLEGE OF ENGINEERING, ARE PARTICIPATING IN THE COMMUNITY, ACCESS, RETENTION AND EMPOWERMENT (CARE) OFFICE PROGRAMS AND WHO MEET ONE OR MORE OF THE FOLLOWING CRITERIA: ARE FIRST-GENERATION COLLEGE STUDENTS; DEMONSTRATE FINANCIAL NEED; HAVE OVERCOME SUBSTANTIAL EDUCATIONAL OR ECONOMIC OBSTACLES. THE FUND ALSO PROVIDES ONE OR MORE SCHOLARSHIPS TO RISING SECOND-YEAR UNDERGRADUATE STUDENTS WHO ARE PARTICIPATING IN OHIO STATE'S OFFICE OF DIVERSITY AND INCLUSION PROGRAMS AND MEET ONE OR MORE OF THE SAME CRITERIA.
DEC 2023HOLIDAY DINNER BASKET SURPRISE - THE MALCOLM JENKINS FOUNDATION SPREAD HOLIDAY CHEER IN NEWARK, NJ BY TEAMING UP WITH (11) ELEVEN SOCIAL SERVICES AGENCIES, STUDENTS OF KIPP NEWARK COLLEGIATE ACADEMY AND ITS TEAM OF VOLUNTEERS TO PROVIDE TURKEYS AND ALL THE TRIMMINGS TO 155 FAMILIES (IMPACTING APPROXIMATELY 900 INDIVIDUALS) ALONG WITH GIFTS OF TOYS FOR CHILDREN OF EACH FAMILY. THE HOLIDAY DINNER BASKET SURPRISE INITIATIVE AIMS TO COMBAT FOOD INSECURITY DURING THE HOLIDAY SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney C Braxton Parliamentarian | Trustee | 1 | $0 |
Malcolm Jenkins Founder & Chairman | Officer | 4 | $0 |
Gwendolyn V Jenkins President & CEO | Officer | 56 | $0 |
Loyce Pierce Wright Treasurer | Officer | 1 | $0 |
Pamela Lyles Secretary | Officer | 1 | $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 | $274,827 |
| Noncash contributions included in lines 1a–1f | $3,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,827 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,007 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,250 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,444 |
| Office expenses | $5,193 |
| Information technology | $79,335 |
| Royalties | $0 |
| Occupancy | $9,883 |
| Travel | $2,673 |
| 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 | $1,482 |
| Insurance | $3,528 |
| All other expenses | $0 |
| Total functional expenses | $276,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,137 |
| 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 | $770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $58,707 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $58,707 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $58,707 |