Lorraine Jackson Foundation is located in Calabasas, CA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorraine Jackson 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 12/2023, Lorraine Jackson Foundation generated $9.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION SPONSORED ONE SPECIAL EVENT AND SOLICITED CONTRIBUTIONS TO RAISE FUNDS TO FULFILL ITS PRIMARY EXEMPT PURPOSE. IN 2023, THE ORGANIZATION AWARDED ONE $2,000 SCHOLARSHIP TO A STUDENTS FOR SECONDARY EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lorraine Jackson President & CEO | 0 | $0 | |
Janice Smallwood Mckenzie Vice President | 0 | $0 | |
Elsa O'hare Secretary | 0 | $0 | |
Eleanor Johnson Treasurer | 0 | $0 | |
George Jackson COO | 0 | $0 | |
Patricia Rogers Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $6,802 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $2,811 |
Other Revenue | $48 |
Total Revenue | $9,661 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $3,000 |
Occupancy, rent, utilities, and maintenance | $3,099 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $10,001 |
Total expenses | $18,100 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $48,448 |
Other assets | $0 |
Total assets | $48,448 |
Total liabilities | $8,442 |
Net assets or fund balances | $40,006 |