Jwc Foundation
- Assets
- $314.3k
- Revenue
- $437.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-1731609
Organization Overview
Jwc Foundation is located in Richmond, VA. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Jwc Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jwc 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, Jwc Foundation generated $437.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $624.6k during the year ending 12/2023. 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
TO LEARN GROW AND OWN IN THE BLACK COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY COMPLETED TWO COHORTS OF OUR COMMUNITY BUSINESS ACADEMY, WHICH SERVED 26 ASPIRING BUSINESS OWNERS. THROUGH THIS PROGRAM, WE CONTINUE TO PROVIDE COMPREHENSIVE TRAINING, MENTORSHIP, AND RESOURCES.
WE REPEATED OUR SUCCESS WITH THE BLCK STREET CONFERENCE. THIS EVENT DREW IN 300 ATTENDEES IN 2022 AND 200 PARTICIPANTS IN 2023. ATTENDEES WERE EAGER TO LEARN, CONNECT, AND BE INSPIRED.
WE CONTINUE TO MAINTAIN A STRONG AND VIBRANT MEMBERSHIP IN THE JACKSON WARD COLLECTIVE, CONSISTING OF 178 MEMBERS. THIS COLLECTIVE SERVES AS A PLATFORM FOR NETWORKING, COLLABORATION, AND COMMUNITY BUILDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rasheeda Creighton Executive Director | Officer | 40 | $113,007 |
Elizabeth Johnson Treasurer | Officer | 0.5 | $0 |
Archie Alston II Director | Trustee | 0.5 | $0 |
Kelli Lemon Director | Trustee | 0.5 | $0 |
Scott Wayne Board Member | Trustee | 0.5 | $0 |
Jetheda Warren-Hernandez Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,155 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,440 |
| Total Program Service Revenue | $12,503 |
| Investment income | $7,724 |
| 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 | $437,769 |
| 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. | $113,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,821 |
| Payroll taxes | $20,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,015 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,539 |
| Advertising and promotion | $10,350 |
| Office expenses | $2,732 |
| Information technology | $3,039 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,913 |
| All other expenses | $9,134 |
| Total functional expenses | $624,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,940 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $550 |
| Net Land, buildings, and equipment | $763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $314,253 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,124 |
| Total liabilities | $3,124 |
| Net assets without donor restrictions | $314,819 |
| Net assets with donor restrictions | -$3,690 |
| 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 | $314,253 |