Jackson Community College Foundation
- Assets
- $20.8m
- Revenue
- $2.2m
- Investments
- $5.5m
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 10/1983
- Data as of
- 06/2021
- EIN
- 38-2468643
Organization Overview
Jackson Community College Foundation, operating under the name Jackson College Foundation, is located in Jackson, MI. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson College 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 06/2021, Jackson College Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 2.8% per year over the past 6 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 2015, Jackson College Foundation has awarded 14 individual grants totaling $3,893,880. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED FOR THE BENEFIT OF THE EDUCATIONAL, LITERARY AND SCIENTIFIC ACTIVITIES OF JACKSON COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ALLOCATES FUNDS TO JACKSON COLLEGE FOR THE PURPOSE OF AWARDING SCHOLARSHIPS AND FURTHERING ITS EDUCATIONAL PURPOSE
DISTRIBUTION OF ENDOWMENT TO DAHLEM CONSERVANCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Hawley Chairwoman | OfficerTrustee | 1 | $0 |
George Page Vice Chair | OfficerTrustee | 1 | $0 |
Martha Petry Secretary | OfficerTrustee | 1 | $0 |
Jason Valente President | OfficerTrustee | 40 | $0 |
Darrell Norris Assistant Treasurer | OfficerTrustee | 1 | $0 |
Jason Covalle Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,205 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $524,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,988 |
| Total Program Service Revenue | $0 |
| Investment income | $282,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225,000 |
| Net Gain/Loss on Asset Sales | $645,687 |
| Net Income from Fundraising Events | -$15,205 |
| Net Income from Gaming Activities | $15,086 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,189,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $828,222 |
| 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 | $3,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $87,097 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $973 |
| 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 | $2,033 |
| All other expenses | $13,011 |
| Total functional expenses | $1,082,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,489,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274 |
| 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 | $12,547,914 |
| Investments—other securities | $5,535,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,209,049 |
| Total assets | $20,781,553 |
| Accounts payable and accrued expenses | $306,451 |
| 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 | $104,858 |
| Total liabilities | $411,309 |
| Net assets without donor restrictions | $5,207,426 |
| Net assets with donor restrictions | $15,162,818 |
| 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 | $20,781,553 |
Grants Awarded
Over the last fiscal year, Jackson Community College Foundation has awarded $828,222 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON COLLEGE PURPOSE: TO FURTHER ITS EDUCATIONAL MISSION | $757,141 |
Jackson, MI PURPOSE: DISTRIBUTION OF ENDOWMENT FUND EARNINGS | $71,081 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Jackson Community College Foundation has recieved totaling $56,659.
| Awarding Organization | Amount |
|---|---|
Jackson Community Foundation Jackson, MI PURPOSE: DISCRETIONARY | $20,000 |
Comerica Charitable Tr Detroit, MI PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES | $15,000 |
Bies Family Foundation Inc Orlando, FL PURPOSE: EDUCATIONAL PROGRAMS | $12,000 |
Allegiance Health Jackson, MI PURPOSE: ORGANIZATIONAL SUPPORT | $7,500 |
Consumers Energy Foundation Jackson, MI PURPOSE: LINEWORKER SCHOLARSHIP-JUSTIN FAY-TUITION | $1,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE MATCHING GIFT | $500 |
Endowment Analysis
| Beg. Balance | $11,031,408 |
| Earnings | $1,780,450 |
| Admin Expense | $231,545 |
| Net Contributions | $105,575 |
| Grants | $140,760 |
| Ending Balance | $12,545,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |