Jumpstart U2 Inc
- Assets
- $82.6k
- Revenue
- -$24.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 45-4596348
Organization Overview
Jumpstart U2 Inc is located in Richmond, VA. The organization was established in 2014. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jumpstart U2 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JUMPSTART U2 IS DEDICATED TO HELPING INDIVIDUALS AND FAMILIES BECOME INFORMED, SUCCESSFUL MEMBERS OF SOCIETY BY PROVIDING SUPPORTIVE SERVICES AND STABLE HOUSING OPPORTUNITIES WITHIN THREE YEARS. BY CONNECTING CLIENTS WITH ESSENTIAL RESOURCES AND INFORMATION, OUR PROVEN APPROACH HAS EMPOWERED NUMEROUS INDIVIDUALS AND FAMILIES TO MOVE FORWARD EVEN IN CHALLENGING ECONOMIC TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER AFFORDABLE RENTAL HOMES TO INDIVIDUALS AND FAMILIES THROUGH LEASES ESTABLISHED UNDER JUMPSTART U2. THESE FAMILIES ARE GUIDED TOWARDS SERVICES TAILORED TO THEIR NEEDS, EMPOWERING THEM TO OVERCOME VARIOUS CHALLENGES. IN ADDITION, WE PROVIDE HANDYMAN SERVICES FOR HOME MAINTENANCE AND OFFER JOB TRAINING TO INTERNS THROUGH OUR WORK EXPERIENCE PROGRAM. THROUGHOUT THE YEAR, WE SERVE APPROXIMATELY 700 FAMILIES WITH OUR COMPREHENSIVE SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Vaughan Chairman | Trustee | 1 | $0 |
Thelma W Tunst Board Member | Trustee | 1 | $0 |
David Ross President | Officer | 1 | $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 | $10,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,136 |
| Total Program Service Revenue | $10,422 |
| 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 | -$45,149 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$24,591 |
| 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. | $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 | $0 |
| Fees for services: Legal | $880 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,662 |
| Office expenses | $28,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $45 |
| 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 | $6,848 |
| All other expenses | $16,417 |
| Total functional expenses | $108,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,306 |
| 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 | $82,585 |
| Accounts payable and accrued expenses | $11,862 |
| 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 | $551,970 |
| Other liabilities | $0 |
| Total liabilities | $563,832 |
| Net assets without donor restrictions | -$481,247 |
| 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 | $82,585 |