Jackson Foundation Inc
- Assets
- $68.9m
- Revenue
- $2.1m
- Investments
- $58.2m
- Employees
- 6
- Location
- Dickson, TN
- Founding
- 08/1969
- Data as of
- 12/2022
- EIN
- 62-0788376
Organization Overview
Jackson Foundation Inc is located in Dickson, TN. The organization was established in 1969. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Jackson Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Foundation 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 12/2022, Jackson Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jackson Foundation Inc has awarded 132 individual grants totaling $6,270,757. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JACKSON FOUNDATION IS A NON-PROFIT ORGANIZATION CONCEIVED WITH THE CONVICTION THAT EDUCATIONAL MOTIVATION AND LEARNING INVOLVEMENT ARE THE KEYS TO OUR SOCIETY'S FUTURE. IN FURTHERANCE OF SUCH CONVICTION, THE JACKSON FOUNDATION ORGANIZES AND OPERATES EDUCATIONAL CLASSES IN ART, COMPUTER TECHNOLOGY, AND COMPUTER PROGRAMMING. THROUGH THESE CLASSES, THE JACKSON FOUNDATION IS ABLE TO PROVIDE STUDENTS OF ALL AGES WITH UNPRECEDENTED ACCESS TO CREATIVE LEARNING PROGRAMS AND INTERACTIVE ENVIRONMENTS THAT STIMULATE, STRENGTHEN, AND SECURE SUCCESS, AS WELL AS SERVE AS A NATIONAL MODEL FOR THE DEVELOPMENT OF EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CLASSES - THE JACKSON FOUNDATION'S PRIMARY FUNCTION (AS MEASURED BY BOTH EXPENSES AND DEVOTION OF RESOURCES) IS PROVIDING EDUCATIONAL CLASSES IN ART, COMPUTER TECHNOLOGY, AND COMPUTER PROGRAMMING. THROUGH ITS USE OF THE RENAISSANCE CENTER, A COMMUNITY-BASED LEARNING FACILITY THAT THE JACKSON FOUNDATION DONATED TO FREED-HARDEMAN UNIVERSITY (A SECTION 501(C)(3) ORGANIZATION) IN 2013, THE JACKSON FOUNDATION OFFERS YEAR-ROUND CLASSES IN A FACILITY WITH A CLASSROOM CAPACITY IN EXCESS OF 1,110 STUDENTS. THE JACKSON FOUNDATION ENGAGES INSTRUCTORS FROM A VARIETY OF BACKGROUNDS AND DISCIPLINES TO TEACH THESE CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Legg Chairman - Finance | 1.67 | $0 | |
Joe Youree Vice-Chairman | 1.25 | $0 | |
Sara Caudill Secretary | 1.67 | $8,250 | |
John Jackson Trustee | 1.67 | $8,250 | |
David Shepard Trustee | 1.67 | $0 | |
Ted Williams Trustee | 1.67 | $8,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chris Delagrange Construction Contractor | 12/30/17 | $139,600 |
Eric D Bateybatey Construction Construction Contractor | 12/30/17 | $138,667 |
Chris Delagrange Construction Contractor | 12/30/17 | $139,600 |
Eric D Bateybatey Construction Construction Contractor | 12/30/17 | $138,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,966 |
| Dividends & Interest | $596,179 |
| Net Rental Income | $320,544 |
| Net Gain on Sale of Assets | $1,106,772 |
| Capital Gain Net Income | $1,106,772 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,670 |
| Total Revenue | $2,056,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $450,636 |
| Other employee salaries and wages | $315,530 |
| Pension plans, employee benefits | $149,590 |
| Interest | $141 |
| Taxes | $147,551 |
| Depreciation | $214,063 |
| Occupancy | $6,515 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $405,907 |
| Total operating and administrative expenses | $1,765,679 |
| Contributions, gifts, grants paid | $2,961,026 |
| Total expenses and disbursements | $4,726,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,342 |
| Savings and temporary cash investments | $60,914 |
| Net Accounts receivable | $4,850 |
| 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 | $42,613 |
| Net Investments - land, buildings, equipment | $8,574,007 |
| Investments—mortgage loans | $0 |
| Investments—other | $58,248,304 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $672,680 |
| Total assets | $68,901,710 |
| Accounts payable and accrued expenses | $372,207 |
| Grants payable | $0 |
| Deferred revenue | $33,999 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $406,206 |
Grants Awarded
Over the last fiscal year, Jackson Foundation Inc has awarded $2,961,026 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CARENET PREGNANCY SERVICES OF MIDDLE TENNESSEE PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
CASA OF DICKSON PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
CHILD ADVOCACY CENTER 23RD JUDICIAL DISTRICT PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
CLEMENT RAILROAD HOTEL MUSEUM PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
DICKSON COMMUNITY CLINIC PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
DRUG FREE DICKSON COALITION PURPOSE: TO FURTHER EXEMPT PURPOSE | $9,250 |