Jubilee Foundation
- Assets
- $9.7m
- Revenue
- $5.7m
- Investments
- $6.8m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 10/1992
- Data as of
- 05/2023
- EIN
- 38-3003821
Organization Overview
Jubilee Foundation is located in Columbus, OH. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jubilee 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 05/2023, Jubilee Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 59.9% each year . All expenses for the organization totaled $1.0m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jubilee Foundation has awarded 108 individual grants totaling $1,337,850. 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 |
|---|---|---|---|
Michael A Volkema Chairman Of The Board | 2 | $0 | |
Jeffery Stutz Treasurer | 2 | $0 | |
Linda R Brand President | 2 | $0 | |
Kevin Veltman Assistant Treasurer/secretary | 2 | $0 | |
Mary Vermeer Andringa Director | 2 | $0 | |
Douglas D French Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,389,461 |
| Interest on Savings | $0 |
| Dividends & Interest | $226,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,216 |
| Capital Gain Net Income | $36,216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,651,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,000 |
| Total operating and administrative expenses | $46,081 |
| Contributions, gifts, grants paid | $995,117 |
| Total expenses and disbursements | $1,041,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,890,320 |
| 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 | $5,560,215 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,725,835 |
| 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, Jubilee Foundation has awarded $1,337,850 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN STATE UNIVERSITY PURPOSE: GENERAL SUPPORT | $50,000 |
DONORS CHOOSE PURPOSE: GENERAL SUPPORT | $100,000 |
PROJECT INTERACT INC PURPOSE: GENERAL SUPPORT | $5,000 |
MICHIGAN WOMEN FORWARD PURPOSE: GENERAL SUPPORT | $3,500 |
LAKESHORE ETHNIC DIVERSITY ALLIANCE PURPOSE: GENERAL SUPPORT | $5,000 |
OUT ON THE LAKESHORE PURPOSE: GENERAL SUPPORT | $2,000 |