The Jcpenney Foundation
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 75-2966166
Organization Overview
The Jcpenney Foundation, operating under the name The Jcpenney Communities Foundation, is located in Plano, TX. The organization was established in 2001. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jcpenney Communities 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 12/2022, Jcpenney Communities Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $983.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jcpenney Communities Foundation has awarded 303 individual grants totaling $12,229,979. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JCPENNEY FOUNDATION RAISES PUBLIC AWARENESS OF AND SUPPORTS CHARITABLE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JCPENNEY FOUNDATION WAS ESTABLISHED ON OCTOBER 15, 2001 TO PROVIDE CHILDREN WITH HIGH QUALITY, AFFORDABLE AFTER-SCHOOL PROGRAMS TO HELP THEM REACH THEIR FULL POTENTIAL. THROUGH COLLABORATION, FUNDING, AND VOLUNTEER SUPPORT, THE FOUNDATION WORKED WITH NATIONAL PROVIDERS OF AFTER-SCHOOL CARE TO RAISE AWARENESS OF THE NEED FOR AFTER-SCHOOL PROGRAMS AND TO MAINTAIN AND INCREASE THE NUMBER OF PROGRAMS AVAILABLE IN ORDER TO HAVE THE CHILDREN POWER THEIR POTENTIAL.THE JCPENNEY FOUNDATION IS CURRENTLY ORGANIZED AND OPERATED TO CELEBRATE AND SERVE AMERICA'S DIVERSE, WORKING FAMILIES TODAY BY OFFERING ACCESS TO SKILL-BUILDING AND RESOURCED THAT ALLOW EVERYONE TO THRIVE. TO MEET THIS GOAL, THE FOUNDATION INVESTS IN LEADING NONPROFITS MAKING STRIDES IN THREE CRITICAL AREAS: JOB READINESS, HEALTH & WELL BEING AND INCLUSIVE ACCESS TO EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Joyner Chairman | Trustee | 1 | $0 |
Otis Buchanan Director | Trustee | 0.5 | $0 |
Valerie Harris Director | Trustee | 0.5 | $0 |
Kevin Mcghee Director | Trustee | 0.5 | $0 |
Wendy Santana Director | Trustee | 0.5 | $0 |
David Bullington End 042022 Vice President, Tax Matters | Officer | 0.5 | $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 | $1,243,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,243,567 |
| Total Program Service Revenue | $0 |
| Investment income | $12,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,255,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $778,125 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $983,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,068,849 |
| Pledges and grants receivable | $130,825 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,199,674 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $78,660 |
| 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 | $78,660 |
| Net assets without donor restrictions | $3,121,014 |
| 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 | $3,199,674 |
Grants Awarded
Over the last fiscal year, The Jcpenney Foundation has awarded $307,873 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF DENVER PURPOSE: A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT. | $6,860 |
ASSISTANCE LEAGUE OF GREATER COLLINUS PURPOSE: THIS DONATION SUPPORTS THEIR MISSION OF TRANSFORMING THE LIVES OF CHILDREN AND ADULTS IN THE COMMUNITES THEY SERVE. | $10,000 |
BOYS GIRLS CLUBS OF AMERICA PURPOSE: A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT. | $81,000 |
ASSISTANCE LEAGUE OF VISALIA PURPOSE: A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT. | $10,010 |
BOYS & GIRLS CLUBS OF CENTRAL NEW MEXICO PURPOSE: A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT. | $11,233 |
BOYS & GIRLS CLUB OF SPOKANE COUNTY PURPOSE: A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT. | $7,732 |