Lift Jax Inc
- Assets
- $5.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Jacksonville, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-0819002
Organization Overview
Lift Jax Inc is located in Jacksonville, FL. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Lift Jax Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lift Jax 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 12/2023, Lift Jax Inc generated $3.0m in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 117.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIFT JAX SEEKS TO ERADICATE GENERATIONAL POVERTY IN JACKSONVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFT JAX PROVIDES GRANTS AND ASSISTANCE TO PARTNER ORGANIZATIONS IN CONNECTION WITH THE IMPROVEMENT OF COMMUNITY TRANSFORMATION, PROVIDED SUCH ORGANIZATIONS OPERATE IN A MANNER THAT FURTHERS THE EXEMPT PURPOSE OF LIFT JAX. ALL ORGANIZATIONS THAT RECEIVE FUNDS IMPLEMENT ACTIVITIES THAT ADDRESS THE DETERIORATED CONDITIONS OF THE COMMUNITIES LIFT JAX SERVES, IN AN EFFORT TO IMPROVE BLIGHTED AREAS AND PREVENT FURTHER ECONOMIC DECLINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | Trustee | 2 | $0 |
Name Not Listed Secretary | Trustee | 2 | $0 |
Name Not Listed Vice Chair | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,755,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,240,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,995,878 |
| Total Program Service Revenue | $0 |
| Investment income | $2,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,005,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,229 |
| Grants and other assistance to domestic individuals. | $172,241 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,552 |
| Compensation of current officers, directors, key employees. | $15,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,996 |
| Payroll taxes | $21,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,783 |
| Fees for services: Accounting | $52,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,772 |
| Advertising and promotion | $14,062 |
| Office expenses | $34,794 |
| Information technology | $5,392 |
| Royalties | $0 |
| Occupancy | $13,526 |
| Travel | $19,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,754 |
| Insurance | $32,153 |
| All other expenses | $0 |
| Total functional expenses | $1,720,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,799,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,245 |
| Accounts receivable, net | $76,122 |
| 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 | $1,344,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,800 |
| Total assets | $5,260,756 |
| Accounts payable and accrued expenses | $208,707 |
| 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 | $301,283 |
| Total liabilities | $509,990 |
| Net assets without donor restrictions | $3,027,849 |
| Net assets with donor restrictions | $1,722,917 |
| 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 | $5,260,756 |
Grants Awarded
Over the last fiscal year, Lift Jax Inc has awarded $123,229 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORIC EASTSIDE COMMUNITY DEVELOPMENT CORPORATION PURPOSE: Grant for general operating support and case management | $82,500 |
MELANIN MARKET INC PURPOSE: Grant to support capacity-building for Melanin Market | $15,729 |
I'M A STAR FOUNDATION INC PURPOSE: Grant to support afterschool program at Matthew Gilbert | $10,000 |
LOCAL INITIATIVES SUPPORT CORPORATION (LISC) PURPOSE: Grant to support assistance with home repair program | $15,000 |