Jericho Foundation Inc
- Assets
- $493.0k
- Revenue
- $347.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Kalamazoo, MI
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 38-3575834
Organization Overview
Jericho Foundation Inc is located in Kalamazoo, MI. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Jericho Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jericho 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, Jericho Foundation Inc generated $347.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $250.9k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
JERICHO IS A FAITH-BASED 501(C)(3) CHARITY. OUR FAITH DRIVES OUR MISSION TO SERVE YOUTH IN BIH. OUR PROGRAMS ARE DESIGNED TO PROMOTE UNITY BETWEEN VARIOUS ETHNIC, RELIGIOUS, OR SOCIO-ECONOMIC GROUPS. OUR SCHOLARSHIP PROGRAM SEEKS TO EMPOWER MARGINALIZED YOUTH IN BIH THROUGH EDUCATION. WE BRING TOGETHER AN ETHNICALLY AND RELIGIOUSLY DIVERSE GROUP OF BIH YOUTH TO PROMOTE UNITY AND DIVERSITY. WE GO BEYOND TRADITIONAL AID WITH OUR HOLISTIC APPROACH BY PROVIDING ADDITIONAL EDUCATIONAL SUPPORT THROUGH TUTORING, ROOM AND BOARD, ENGLISH LESSONS, AND MORE TO ENSURE EACH SCHOLAR HAS THE TOOLS NECESSARY TO SUCCEED. TOGETHER, THROUGH HIGHER EDUCATION AND UNITY OF THE YOUTH, WE ARE BUILDING A BETTER BIH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: OUR FOUNDATION AWARDS COLLEGE SCHOLARSHIP TO STUDENTS, STUDYING IN BOSNIA AND HERZEGOVINA, WITH A COMMITMENT TO REBUILD BIH. OUR FOUNDATION SEEKS ACADEMICALLY GIFTED STUDENTS IN MARGINALIZED GROUPS (SOCIO- ECONOMICALLY DISADVANTAGED, ROMA, RURAL VILLAGES AND/OR ORPHANS) PROMOTING INTER-ETHNIC UNITY AND HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Shields Executive Di | Officer | 40 | $38,500 |
Bill Traywick President | OfficerTrustee | 1 | $0 |
Dave Hoekstra Vice Preside | OfficerTrustee | 1 | $0 |
Kellie Simmons Secretary | OfficerTrustee | 1 | $0 |
Lindsey Wegelar Treasurer | OfficerTrustee | 1 | $0 |
Sime Curkovic Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,916 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,118 |
| Noncash contributions included in lines 1a–1f | $25,402 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,034 |
| Total Program Service Revenue | $0 |
| Investment income | $1,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,626 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $133,925 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,500 |
| Compensation of current officers, directors, key employees. | $7,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $729 |
| Office expenses | $1,658 |
| Information technology | $3,644 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $0 |
| 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 | $1,375 |
| All other expenses | $2,249 |
| Total functional expenses | $250,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,420 |
| Savings and temporary cash investments | $81,557 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $492,977 |
| Accounts payable and accrued expenses | $19,359 |
| 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 | $19,359 |
| Net assets without donor restrictions | $473,618 |
| 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 | $492,977 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jericho Foundation Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Grand Haven Area Community Foundation Inc Grand Haven, MI PURPOSE: EDUCATION | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |