Jacobs Ladder Inc
- Assets
- $389.1k
- Revenue
- $329.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Urbanna, VA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 54-1717138
Organization Overview
Jacobs Ladder Inc is located in Urbanna, VA. The organization was established in 1995. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Jacobs Ladder Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jacobs Ladder 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 12/2021, Jacobs Ladder Inc generated $329.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $361.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TYPCICALLY JACOB'S LADDER PROVIDES UP TO FIVE WEEK ENRICHMENT PROGRAMS IN THE SUMMER FOR INTELLECTUALLY GIFTED CHILDREN IDENTIFIED AS BEING IN AT RISK ENVIRONMENTS. THE PROGRAM FOCUSES ON 4TH TO 8TH GRADERS AND THE OBJECTIVE IS TO COMPLETE A 5 YEAR CYCLE OF MENTORING, COACHING AND FOLLOWUP TO WORK TOWARDS MAKING A COLLEGE EDUCATION AND HIGHER CAREER ASPIRATIONS GOALS OF EACH CLIMBER. JACOBS CLIMBER CANDIDATES ARE IDENTIFIED BY LEADERS OF GIFTED PROGRAMS IN VIRGINIA AND NORTH CAROLINA SCHOOLS. WITH THE COOPERATION AND PERMISSION OF PARENTS, STAFF MEETS WITH A CANDIDATE AND BEGINS THE PROCESS OF IDENTIFYING WHETHER THE STUDENT HAS THE DESIRE TO PARTICIPATE IN THE ENRICHMENT PROGRAMS AND CONFIRMING THAT THE PROFILE OF THE CANDIDATE OTHERWISE WOULD MEET THE QUALIFICATIONS FOR THE PROGRAM.2017 FAST FACTS: CELEBRATING 26 YEARS ENCOURAGING INTELLECTUALLY GIFTED, AT-RISK STUDENTS | 339 CLIMBERS GRADUATED SINCE 1991 | 63 CLIMBERS ATTENDED THE SUMMER ENRICHMENT CAMP IN 2017 | PROGRAM MAKEUP, 50%
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORE OF JACOB'S LADDER, INC. PROGRAMS IS AN ANNUAL SUMMER ENRICHMENT PROGRAM, HELD IN 2021 AT CHRIST CHURCH EPISCOPAL SCHOOL IN MIDDLESEX COUNTY, THERE ARE OTHER PARTS OF THE ENRICHMENT PROGRAM WHICH ARE HELD THROUGHOUT THE YEAR. JACOBS LADDER, INC. ADDED IN 2018 A HIGH SCHOOL ADVOCATE TO FOLLOW THE PROGRESS OF CLIMBERS MAKING THEIR WAY THROUGH HIGH SCHOOL AND NAVIGATING THE NEXT STEP BEYOND GRADUATION. THE HSA ADVOCATE CONTINUED HER EFFORTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrsbruce H Hemp Chairman | OfficerTrustee | 3 | $0 |
Walter Ryland Director | OfficerTrustee | 5 | $0 |
Edward Hipp Treasurer | OfficerTrustee | 2 | $0 |
W Aubrey Hall Ex Dirameritus | OfficerTrustee | 20 | $0 |
Catherine Coggeshall Executive Dir. | Officer | 40 | $0 |
Gail Stone Director | Trustee | 2 | $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 | $232,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,409 |
| Total Program Service Revenue | $0 |
| Investment income | $15,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,039 |
| 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. | $56,667 |
| Compensation of current officers, directors, key employees. | $29,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,021 |
| Payroll taxes | $10,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,300 |
| Travel | $0 |
| 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 | $9,033 |
| Insurance | $4,929 |
| All other expenses | $18,861 |
| Total functional expenses | $361,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,051 |
| Savings and temporary cash investments | $65,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $450 |
| Net Land, buildings, and equipment | $17,778 |
| Investments—publicly traded securities | $231,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $389,148 |
| Accounts payable and accrued expenses | $1,950 |
| 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 | $1,950 |
| Net assets without donor restrictions | $383,598 |
| Net assets with donor restrictions | $3,600 |
| 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 | $389,148 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Jacobs Ladder Inc has recieved totaling $60,771.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $36,698 |
Joseph M Ruffin Foundation Richmond, VA PURPOSE: CHARITABLE | $12,200 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,500 |
J Edwin Treakle Foundation Inc Gloucester, VA PURPOSE: SUPPORT TWO CLIMBERS FROM MATHEWS. | $3,000 |
Revere Family Foundation Hartfield, VA PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latin American Youth Center Inc Washington, DC | $10,670,329 | $17,753,295 |
Neighborhood Youth Leadership Inc Vass, NC | $7,695,228 | $7,596,341 |
National Network To End Domestic Violence Inc Washington, DC | $5,294,679 | $6,377,066 |
Maryland Soccer Foundation Inc Boyds, MD | $16,325,043 | $5,386,323 |
Asae Research Foundation Washington, DC | $26,488,111 | $1,430,947 |
Great Falls-Reston Soccer Club Great Falls, VA | $1,898,429 | $2,810,731 |
Leaders Of Tomorrow Youth Center Inc Owings Mills, MD | $477,801 | $1,453,303 |
Little Lights Urban Ministries Washington, DC | $2,707,367 | $1,941,038 |
City Kids To Wilderness Project Inc Washington, DC | $3,312,085 | $1,907,297 |
Southwestern Youth Association Inc Centreville, VA | $3,423,364 | $1,936,325 |
Coalition For Kids Inc Johnson City, TN | $1,061,508 | $1,620,502 |
Boys And Girls Club Of Transylvania County Inc Brevard, NC | $5,160,904 | $1,796,583 |