Jounce Partners Inc
- Assets
- $484.9k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Philadelphia, PA
- Founding
- 09/2011
- Data as of
- 06/2022
- EIN
- 45-2299437
Organization Overview
Jounce Partners Inc is located in Philadelphia, PA. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Jounce Partners Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jounce Partners 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 06/2022, Jounce Partners Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 45.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JOUNCE'S MISSION IS TO ACCELERATE LEARNING FOR STUDENTS IN HIGH-NEED SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PARTNERSHIPS: JOUNCE WORKS WITH SCHOOLS SERVING LOW INCOME POPULATIONS, HELPING THESE SCHOOLS INSTALL AND EXECUTE A MODEL OF ACCELERATED TEACHER DEVELOPMENT. OUR PARTNER SCHOOLS HAVE DEMONSTRATED DRAMATIC SCHOOL ACHIEVEMENT GAINS AS THEY HAVE IMPLEMENTED THE JOUNCE MODEL WITH INCREASING FIDELITY.
TALENT PIPELINE PROGRAM PARTNERSHIPS: JOUNCE TRAINS NEW TEACHERS THROUGH PARTNERSHIPS WITH DIFFERENT LEARNING ORGANIZATIONS SUCH AS RELAY GRADUATE SCHOOL OF EDUCATION, AND KIPP'S CAPITAL TEACHING RESIDENCY. THROUGH THESE PARTNERSHIPS, JOUNCE PREPARES NEW TEACHERS FOR CLASSROOMS IN HIGH-NEED COMMUNITIES AND NEW PRINCIPALS TO LEAD SCHOOLS IN HIGH-NEED COMMUNITIES.
SCHOOL LEADERSHIP FELLOWSHIP: JOUNCE TRAINS TEAM MEMBERS TO DESIGN AND LAUNCH BRAND NEW HIGH PERFORMING CHARTER SCHOOLS IN HIGH-NEED COMMUNITIES. THE FIRST JOUNCE LAUNCH PARTNER LAUNCHED A SCHOOL IN 2016. THE SECOND JOUNCE SCHOOL LAUNCH PARTNER LAUNCHED A SCHOOL IN THE FALL OF 2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Elder School Acceleration Partner | 40 | $136,000 | |
Michael Hammond School Acceleration Partner | 40 | $131,664 | |
Edward Beale Chief Operating Officer | 40 | $113,586 | |
Paul Dean Executive Director/ex-Officio | OfficerTrustee | 40 | $110,000 |
Greta Fails Board Chair As Of 1/2022, Director | OfficerTrustee | 2 | $0 |
Martin Horner Board Chair Until 1/2022, Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,804 |
| Total Program Service Revenue | $1,678,649 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,023,453 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $96,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,360,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,756 |
| Payroll taxes | $117,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,108 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,722 |
| 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 | $1,601 |
| Insurance | $9,072 |
| All other expenses | $0 |
| Total functional expenses | $1,925,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $324,899 |
| 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 | $2,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,905 |
| 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 | $459,905 |
| Net assets with donor restrictions | $25,000 |
| 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 | $484,905 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Jounce Partners Inc has recieved totaling $110,836.
| Awarding Organization | Amount |
|---|---|
M Night Shyamalan Foundation Inc Newtown Square, PA PURPOSE: CHARITABLE | $40,000 |
Elevate 215 Philadelphia, PA PURPOSE: Coaching support | $35,666 |
Wood Foundation Of Chambersburg Pa Shaker Heights, OH PURPOSE: GENERAL | $25,000 |
The Allen Hilles Fund Radnor, PA PURPOSE: JOUNCE EXPERTISE LEADERS OPPORTUNITY PROGRAM | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Directions For Youth & Families Inc Columbus, OH | $17,494,170 | $7,448,441 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Youth Intensive Services Youngstown, OH | $5,192,901 | $8,719,179 |
Catholic Youth Summer Camp Inc Centerburg, OH | $24,885,717 | $8,487,345 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |