The J127 Foundation

Organization Overview

The J127 Foundation is located in Fairfax, VA. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J127 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE J127 FOUNDATION SERVES AS A SUPPORTING ORGANIZATION TO THE J127 EDUCATION FOUNDATION. THIS SUPPORT INCLUDES MAKING CONTRIBUTIONS TO THE ORGANIZATION, AS NEEDED, TO SUPPORT ITS MISSION, AND GUARANTEEING DEBT OF THE SUPPORTED ORGANIZATION AS NEEDED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION FUNDED CERTAIN PROFESSIONAL FEES AND ADMINISTRATIVE EXPENSES OF THE SUPPORTED ORGANIZATION DURING JULY 1, 2020 TO JUNE 30, 2021. THE ASSETS OF THE J127 FOUNDATION PROVIDE A GUARANTEE FOR OUTSTANDING BANK LOANS HELD BY THE J127 EDUCATION FOUNDATION. THE J127 FOUNDATION PROVIDES FUNDING FOR UNBUDGETED ONE TIME CAPITAL EXPENDITURES AND EVENTS BY THE J127 EDUCATION FOUNDATION TO KEEP MISSION OPERATIONS FROM BEING HINDERED.


THE FOUNDATION PROVIDES FUNDING TO ASSIST IN THE OPERATIONS OF A CONFERENCE AND RETREAT LEADERSHIP CENTER IN MARYLAND.


THE FOUNDATION FUNDED CERTAIN PROFESSIONAL FEES AND ADMINISTRATIVE EXPENSES OF THE SUPPORTED ORGANIZATION DURING JULY 1, 2020 TO JUNE 30, 2021. THE ASSETS OF THE J127 FOUNDATION PROVIDE A GUARANTEE FOR OUTSTANDING BANK LOANS HELD BY THE J127 EDUCATION FOUNDATION. THE J127 FOUNDATION PROVIDES FUNDING FOR UNBUDGETED ONE TIME CAPITAL EXPENDITURES AND EVENTS BY THE J127 EDUCATION FOUNDATION TO KEEP MISSION OPERATIONS FROM BEING HINDERED.


THE FOUNDATION PROVIDES FUNDING TO ASSIST IN THE OPERATIONS OF A CONFERENCE AND RETREAT LEADERSHIP CENTER IN MARYLAND.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Klaassen
Chairman
$0
Teresa Klaassen
Vice Chairman
$0
Christin Soly
Secretary (non Voting)
$0
Stephen Roberson
Director Of Finance
$0
Leslie Hortum
Director
$0
Amy Feather
Director
$0

Financial Statements

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$6,932
Investment income $611,815
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,388,896
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$1,770,149

Grants Awarded

Over the last fiscal year, The J127 Foundation has awarded $36,761 in support to 2 organizations.

Grant RecipientAmount

J127 EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Fairfax, VA

PURPOSE: MATCHING GRANT FOR PARENT TEACHER ORGANIZATION

$21,778

Washington, DC

PURPOSE: GENERAL OPERATIONS

$14,983
View Grant Profile

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