Jolt Initiative
- Assets
- $2.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 82-1708759
Organization Overview
Jolt Initiative is located in Austin, TX. The organization was established in 2017. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jolt Initiative 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, Jolt Initiative generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $2.1m 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
JOLT INITIATIVE IS A NON-PROFIT ORGANIZATION THAT INCREASES THE CIVIC PARTICIPATION OF LATINOS IN TEXAS TO BUILD A STRONGER DEMOCRACY AND ENSURE THAT EVERYONE'S VOICE IS HEARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING- 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 INITIATIVE SUPPORTS ITS MEMBERS TO EXERCISE POWER THROUGH FOUR PROGRAMMATIC AREAS- ARTS AND CULTURE, NON-PARTISAN VOTER REGISTRATION, LEADERSHIP DEVELOPMENT, AND STUDENT AND COMMUNITY ORGANIZING. ISSUE ADVOCACY SUCH AS CLIMATE - BRINGS YOUNG PEOPLE OF COLOR TOGETHER IN THE NATION'S SECOND LARGEST ECONOMY TO PUSH TEXAS' MAJOR METRO AREAS AND UNIVERSITIES TO ADOPT GREEN ENERGY GOALS IN ALIGNMENT WITH THE ORIGINAL PARIS CLIMATE COMMITMENTS FOR THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Rangel Chair | OfficerTrustee | 1 | $0 |
Martha Pincoffs Vice Chair | OfficerTrustee | 1 | $0 |
Madge Vasquez Treasurer | OfficerTrustee | 1 | $0 |
Wayne Krause-Yang Member | Trustee | 1 | $0 |
Candance Valenzuela Member | Trustee | 1 | $0 |
Anthony Elmo Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,698,084 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $2,698,084 |
| Total Program Service Revenue | $0 |
| Investment income | $1,877 |
| 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 | $2,699,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $492,866 |
| 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. | $128,607 |
| Compensation of current officers, directors, key employees. | $11,703 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $851,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,966 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,625 |
| Fees for services: Accounting | $24,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,823 |
| Advertising and promotion | $0 |
| Office expenses | $140,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,455 |
| Travel | $24,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,647 |
| All other expenses | $27,700 |
| Total functional expenses | $2,075,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248,177 |
| Savings and temporary cash investments | $1,252,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,545 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $2,941,287 |
| Accounts payable and accrued expenses | $128,504 |
| 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 | $128,504 |
| Net assets without donor restrictions | $2,457,783 |
| 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 | $2,941,287 |
Grants Awarded
Over the last fiscal year, Jolt Initiative has awarded $725,580 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEEDS NOT WORDS PURPOSE: GRANT | $44,750 |
JOLT ACTION PURPOSE: GRANT | $680,830 |