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 12/2023, Jacobs Ladder Inc employed 20 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 12/2023, Jacobs Ladder Inc generated $444.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $388.8k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TYPICALLY 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. TO ENHANCE THE TRANSITION TO COLLEGE, JACOB'S LADDER, INC. ADDED SEVERAL YEARS AGO HIGH SCHOOL ADVOCACY (HSA)GUIDANCE TO BOLSTER THE EFFORTS OF THE COUNSELORS TYPICALLY WORKING ON HIGH SCHOOL STAFF AT HIGH SCHOOLS. THIS IS AN ATTEMPT TO ENSURE A SUCCESSFUL PATH TO COLLEGE. JACOBS CLIMBER CANDIDATES ARE IDENTIFIED BY LEADERS OF GIFTED PROGRAMS IN VIRGINIA 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 OTHERWI
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 2023 AT ST MARGARET'S SCHOOL IN TAPPAHANNOCK, VA. THERE ARE OTHER PARTS OF THE ENRICHMENT PROGRAM THAT INCLUDE FIELD TRIPS OR RETREATS WHICH ARE HELD THROUGHOUT THE YEAR AT DIFFERENT VENUES. IN 2023 THERE WERE 14 RESIDENT ADVISORS. THESE FOLKS ARE REQUIRED TO COMPLETE SAFETY CERTIFICATION TRAINING AND PLAN AND DIRECT THE DAILY AFTERNOON ACTIVITIES AFTER CLASSES. STUDENTS DAILY ATTEND 18 HOURS OF ACADEMIC ENRICHMENT CLASSES TAUGHT BY EXPERIENCED TEACHERS. THE CLASSES INCLUDE: STEM BASED ART, MATH ENRICHMENT,FRENCH, COLOR SCIENCE,PERCUSSION AND MINDFULNESS.SENIOR CLIMBERS PARTICIPATED IN A LEADERSHIP CAMPING TRIP AND HIKE ALONG SKYLINE DRIVE IN THE SPRING. WITHIN THE PROGRAM, CLIMBERS WHO HAVE MOVED ON TO CAREERS RETURN TO SPEND TIME WITH THE CLIMBERS IN CAMP TO EMPHASIZE THE IMPACT THE JACOB'S LADDER PROGRAM HAS HAD UPON THEIR SUCCESS. JACOBS LADDER, INC. CONTINUED IN 2023 TO FUND A HIGH SCHOOL ADVOCATE TO FOLLOW THE PROGRESS OF CLIMBERS MAKING THEIR WAY THROUGH HIGH SCHOOL AND NAVIGATING THE NEXT STEP BEYOND GRADUATION. THIS IS HELPING WITH SUCCESS OF THE CLIMBERS AS THEY TRANSITION TO HIGHER EDUCATION. THE MIDDLE SCHOOL ADVOCATE MADE MANY PERSONAL SUPPORT VISITS IN THE 22/23 ACADEMIC YEAR AND THE HIGH SCHOOL ADVOCATE SUPPORTED CLIMBERS IN GRADES 9-12 TO FOLLOW UP AND MONITOR STUDENT PROGRESS.EXECUTIVE DIRECTOR MS.CATHERINE COGGESHALL CONTINUED TO IMPROVE THE VARIOUS PROGRAMS AND EXECUTIVE TEAM IMPROVEED AND ENHANCED LONG TERM STRATEGY WITH AN EYE TOWARD CONTINUED FINANCIAL HEALTH OF THE ORGANIZATION.JACOB'S LADDER SERVED 39 CLIMBERS IN THE SUMMER PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Catherine Coggeshall Executive Dir. | Officer | 40 | $71,042 |
Mrsbruce H Hemp Director | Trustee | 3 | $0 |
Ms Julianne T Duvall Director | Trustee | 2 | $0 |
Diego J Rayas Director | Trustee | 5 | $0 |
Mrs Beth D Monroe Director | Trustee | 2 | $0 |
Mr Shepherd Lewis Jr Director | Trustee | 2 | $0 |
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 | $422,507 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $422,507 |
Total Program Service Revenue | $0 |
Investment income | $6,278 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $15,337 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $444,122 |
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. | $71,041 |
Compensation of current officers, directors, key employees. | $35,521 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $140,459 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,403 |
Payroll taxes | $14,206 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,898 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,100 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,012 |
Travel | $2,983 |
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 | $8,551 |
Insurance | $5,608 |
All other expenses | $10,472 |
Total functional expenses | $388,783 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $155,963 |
Savings and temporary cash investments | $65,649 |
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 | $0 |
Net Land, buildings, and equipment | $3,553 |
Investments—publicly traded securities | $223,733 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $448,898 |
Accounts payable and accrued expenses | $2,490 |
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 | $2,490 |
Net assets without donor restrictions | $446,408 |
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 | $448,898 |