The Jack Jennings Foundation
- Assets
- $1.5m
- Revenue
- $197.9k
- Investments
- $819.9k
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 07/1996
- Data as of
- 12/2019
- EIN
- 35-6627471
Organization Overview
The Jack Jennings Foundation is located in Santa Barbara, CA. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jack Jennings 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 12/2019, Jack Jennings Foundation generated $197.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $592.8k during the year ending 12/2019. While expenses have increased by 22.5% per year over the past 5 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.
Since 2014, Jack Jennings Foundation has awarded 130 individual grants totaling $975,764. 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 |
|---|---|---|---|
Craig Mcginnis Trustee | 2 | $0 | |
Bonnie Mcginnis Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,479 |
| Dividends & Interest | $19,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,169 |
| Capital Gain Net Income | $164,169 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,794 |
| Total operating and administrative expenses | $289,170 |
| Contributions, gifts, grants paid | $303,650 |
| Total expenses and disbursements | $592,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,485 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $650,000 |
| 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 | $114,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,476,412 |
| 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, The Jack Jennings Foundation has awarded $303,650 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
St Helena, CA PURPOSE: ORGANIZATION TO DISTRIBUTE TO LOCAL NON PROFIT CHARITIES TO THE ORGANIZATION'S GIVING GUIDELINES | $238,200 |
St Helena, CA PURPOSE: TO GIVE SUPPORT TO NAPA COUNTY NONPROFIT ORGANIZATIONS | $24,000 |
CALVARY CHAPEL CHURCH PURPOSE: TO PROMOTE RELIGIOUS TEACHING AND CHURCH OPERATIONS | $13,700 |
YOUNG LIFE FOUNDATION PURPOSE: OPERATIONS | $10,800 |
Rutherford, CA PURPOSE: TO GUIDE, SUPPORT, AND FACILITATE THE MOST PROMISING AND COLLABORATIVE BRAIN RESEARCH IN ORDER TO PROVIDE PATIENTS WHO SUFFER FROM BRAIN DISEASE AND INJURY BETTER DIAGNOSTICS AND TREATMENT NOW. | $4,500 |
WILD HOPE MISSIONARY PURPOSE: TO TRANSFORM AFRICA AND ITS PEOPLE | $4,000 |