Jaftica Scholarship Foundation
- Assets
- $162.7k
- Revenue
- $19.6k
- Investments
- $148.4k
- Employees
- 0
- Location
- Mason, MI
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1568378
Organization Overview
Jaftica Scholarship Foundation is located in Mason, MI. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jaftica Scholarship 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, Jaftica Scholarship Foundation generated $19.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $19.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE AND ADMINISTER FUND FOR SCHOLARSHIPS AND GRANTS TO LESLIE HIGH SCHOOL SENIORS AND GRADUATES, LOCATED IN LESLIE, MICHIGAN, FOR STUDENTS INTENDING TO FURTHER THEIR EDUCATION AFTER HIGH SCHOOL AT A FOUR YEAR INSTITUTION, A COMMUNITY COLLEGE, OR A TRADE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Gibbs Director | 0 | $0 | |
Dewey Owen Director | 0 | $0 | |
Sarah Smid Director | 0 | $0 | |
Martha Owen Director | 0 | $0 | |
Pam Smid President | 0 | $0 | |
Jason Sheridan Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,226 |
| Interest on Savings | $8 |
| Dividends & Interest | $8,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,625 |
| Total Revenue | $19,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,326 |
| Total operating and administrative expenses | $6,969 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $19,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,294 |
| Savings and temporary cash investments | $0 |
| 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 | $148,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $162,733 |
| 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, Jaftica Scholarship Foundation has awarded $12,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTER ARNETT PURPOSE: CONTINUING EDUCATION | $2,500 |
GAVIN WEBER PURPOSE: CONTINUING EDUCATION | $2,500 |
ELLEN COPPERNOLL PURPOSE: CONTINUING EDUCATION | $2,500 |
KARLIE HARRELL PURPOSE: CONTINUING EDUCATION | $2,500 |
KYLE BEACHEY PURPOSE: CONTINUING EDUCATION | $1,250 |
AYRON RUTAN PURPOSE: CONTINUING EDUCATION | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Marge & Charles J Schott Foundation Cincinnati, OH | $96,968,868 | $11,169,832 |