Lela D Jackson Foundation For The Arts
- Assets
- $8.0m
- Revenue
- $1.4m
- Investments
- $1.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 45-6204531
Organization Overview
Lela D Jackson Foundation For The Arts is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lela D Jackson Foundation For The Arts 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, Lela D Jackson Foundation For The Arts generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $542.3k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 5 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.
Since 2018, Lela D Jackson Foundation For The Arts has awarded 13 individual grants totaling $1,090,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Irons Faist Co-Trustee | 1 | $82,048 | |
Bmo Harris Bank Na Co-Trustee | 1 | $82,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $222,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,223,436 |
| Capital Gain Net Income | $1,223,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99 |
| Total Revenue | $1,445,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,096 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $167,330 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $542,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420 |
| Savings and temporary cash investments | $573,257 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,574,265 |
| Total assets | $7,965,680 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lela D Jackson Foundation For The Arts has awarded $375,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FDN OF SARASOTA CTY PURPOSE: L JACKSON SCHOLARSHIP FD | $200,000 |
Sarasota, FL PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $100,000 |
SARASOTA ORCHESTRA PURPOSE: PROGRAM SUPPORT | $45,000 |
Sarasota, FL PURPOSE: PROGRAM SUPPORT | $20,000 |
VISIBLE MEN ACADEMY PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |