Jeito Foundation is located in Mesa, AZ. The organization was established in 2007. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jeito 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 12/2021, Jeito Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $718.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTED THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS.
Describe the Organization's Program Activity:
THE JEITO FOUNDATION PROVIDED A $500,000 GRANT TO SUPPORT AND BENEFIT THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Glenn Mckay Trustee | Trustee | 0.1 | $0 |
Dale Jones Trustee | Trustee | 0.1 | $0 |
Patrick Cardon Trustee | Trustee | 0.1 | $0 |
Wilford A Cardon Trustee | Trustee | 0.1 | $0 |
John M Barger Trustee | Trustee | 0.1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $453,898 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $59 |
Net Rental Income | $160,024 |
Net Gain/Loss on Asset Sales | $1,838,351 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,386,042 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
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 | $96,038 |
Fees for services: Legal | $9,483 |
Fees for services: Accounting | $10,825 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,565 |
Advertising and promotion | $0 |
Office expenses | $37 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $14,849 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $816 |
All other expenses | $0 |
Total functional expenses | $718,321 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,525,697 |
Savings and temporary cash investments | $740,722 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $98 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $491,264 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $5,330,463 |
Investments—publicly traded securities | $0 |
Investments—other securities | $8,348,702 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $22,436,946 |
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 | $22,436,946 |
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 | $22,436,946 |
Over the last fiscal year, Jeito Foundation has awarded $1,250,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Provo, UT PURPOSE: SUPPORTED BRIGHAM YOUNG UNIVERSITY-PROVO IN RESPONSE TO ITS NEEDS. | $850,000 |
THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: SUPPORTED THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS IN RESPONSE TO ITS NEEDS. | $300,000 |
Rexburg, ID PURPOSE: SUPPORTED BRIGHAM YOUNG UNIVERSITY-IDAHO IN RESPONSE TO ITS NEEDS. | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Ccf-La Supporting Organization Los Angeles, CA | $162,068,078 | $45,763,526 |
Purpose Driven Connection Rancho Santa Margarita, CA | $29,393,570 | $25,518,921 |
Bethel Music Redding, CA | $17,020,388 | $17,178,099 |
New Life Holding Corporation Woodland Park, CO | $112,165,344 | $1,723,190 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Conference Claimants Endowment Bd California Ann Conf Methodist Ch Stockton, CA | $134,531,224 | $10,421,570 |
Bethel Media Redding, CA | $2,416,750 | $3,101,104 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Community Foundation Of San Diego San Diego, CA | $89,259,750 | $4,327,946 |
Secrets Unsealed Fresno, CA | $5,504,604 | $3,996,381 |
A P Reilly Foundation Santa Monica, CA | $46,201,571 | $194,000 |
Colorado Springs Utilities Foundation Colo Springs, CO | $2,751,625 | $1,147,424 |