Jolt Action
- Assets
- $913.0k
- Revenue
- $839.1k
- Investments
- $0.0
- Employees
- 56
- Location
- Austin, TX
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-4715525
Organization Overview
Jolt Action is located in Austin, TX. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Jolt Action employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jolt Action is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Jolt Action generated $839.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE YOUNG LATINOS WILL TRANSFORM TEXAS THROUGH THE POWER OF THEIR VOTE. WE ARE HARNESSING THE BRILLIANCE OF OUR COMMUNITY AND CULTURE TO BUILD A GENERATION OF LEADERS THAT MATCHES THE URGENCY OF OUR TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION: THE ORGANIZING PROGRAM BUILDS THE CAPACITY OF GRASSROOTS LEADERS, WHO ARE MAJORITY YOUNG AND FEMALE, TO DRIVE POLICY CHANGE IN THEIR COMMUNITIES AND MOBILIZE OTHERS TO ACTION. TO THAT END, JOLT ACTION SUPPORTS ITS MEMBERS TO EXERCISE POWER THROUGH THREE PROGRAMMATIC AREAS - ARTS AND CULTURE, LEADERSHIP DEVELOPMENT, AND STUDENT AND COMMUNITY ORGANIZING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Munoz Chair | OfficerTrustee | 2 | $0 |
Tzatzil Willebeek-Lemair Vice Chair | OfficerTrustee | 2 | $0 |
Patrick Moreno-Covington Treasurer | OfficerTrustee | 2 | $0 |
Diana Maldonado Executive Director | Officer | 40 | $53,548 |
Gloria Gonzalez-Dhoakia Executive Director | Officer | 40 | $75,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $838,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,292 |
| Total Program Service Revenue | $0 |
| Investment income | $751 |
| 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 | $41 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $839,084 |
| 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. | $65,058 |
| Compensation of current officers, directors, key employees. | $5,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $619,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,482 |
| Payroll taxes | $52,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,728 |
| Fees for services: Accounting | $23,372 |
| 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 | $101,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,686 |
| Travel | $6,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2,554 |
| 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 | $1,104,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $525,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,629 |
| 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 | $3,287 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,121 |
| Total assets | $912,955 |
| Accounts payable and accrued expenses | $91,232 |
| 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 | $312,630 |
| Total liabilities | $403,862 |
| Net assets without donor restrictions | $433,491 |
| 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 | $912,955 |
Grants Awarded
Over the last fiscal year, Jolt Action has awarded $68,332 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS FREEDOM NETWORK PURPOSE: CONTRIBUTION | $35,000 |
MOVE TEXAS ACTION FUND PURPOSE: CONTRIBUTION | $16,666 |
TEXAS FREEDOM NETWORK EDUCATION FUND PURPOSE: CONTRIBUTION | $16,666 |