Jubilee Foundation is located in Pasco, WA. The organization was established in 1999. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jubilee 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 12/2022, Jubilee Foundation generated $8.0m 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 (40.1%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Jubilee Foundation has awarded 30 individual grants totaling $3,030,778. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES TIERRA VIDA MULTI-FAMILY HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES. IN ADDITION TO THE AFFORDABLE HOUSING PROGRAM, THE ORGANIZATION ALSO PROVIDES YOUTH PROGRAMMING, COMMUNITY LEADERSHIP DEVELOPMENT, AND LAY COUNSELING SERVICES TO RESIDENTS WITHIN THE MULTI-FAMILY HOUSING AND COMMUNITY MEMBERS WITHIN THE TIERRA VIDA DEVELOPMENT.
THE NEIGHBORHOOD AND COMMUNITY OUTREACH PROGRAM SEEKS TO BRING THE PEOPLE IN THE COMMUNITY A SENSE OF SAFETY, BELONGING, TOGETHERNESS AND AGENCY. COMMUNITY OUTREACH SEEKS TO ENGAGE THOSE LIVING IN THE TIERRA VIDA COMMUNITY UNDER THE BELIEF THAT EVERYONE SHOULD BE KNOWN AND LOVED. STAFF IN OUR COMMUNITIES WALK ALONGSIDE THOSE WHO MAY BE AT RISK OF BEING LOST, FORGOTTEN OR PUSHED ASIDE. IN OUR APPROACH TO DO 'WITH NOT 'FOR', WE SEEK TO EQUIP INDIVIDUALS AND FAMILIES WITH THE CAPACITY TO MOVE PAST THEIR CHALLENGES AND ENGAGE THE WORLD. OVERALL, OUR HOPE IS THAT THROUGH WALKING WITH THOSE WHO ARE ALIENATED THAT JUBILEE FOUNDATION CAN NURTURE A CULTURE WITHIN COMMUNITIES THAT ENHANCES THE LEVEL OF INTERACTION AND CARE THAT WE HAVE FOR EACH OTHER.
SUMMER PROGRAMS PROVIDE SUMMER EXPERIENCES FOR CHILDREN OF THE TIERRA VIA COMMUNITY AND LOW-INCOME FAMILIES FROM JUBILEE'S MULTI-FAMILY HOUSING. PROGRAMMING FOCUSES ON OFFERING AT-RISK CHILDREN OPPORTUNITIES TO BE EXPOSED TO ENRICHMENT PROGRAMMING.
THE ORGANIZATION PROVIDES THE FACILITIES FOR THE CENTER FOR SHARING, A TAX-EXEMPT CHRISTIAN-BASED ORGANIZATION IN PASCO, WASHINGTON THAT PROVIDES PROGRAMS EMPHASIZING SERVANT-LEADERSHIP TRAINING AND SERVICE WORK TO COMMUNITIES AROUND THE WORLD AND A WORK-READINESS PROGRAM. THE ORGANIZATION ALSO PROVIDES THE USE OF FACILITIES FOR VISTA HERMOSA FOUNDATION, A TAX-EXEMPT ORGANIZATION BASED IN PASCO, WASHINGTON THAT OPERATES A PRIVATE, CHRISTIAN SCHOOL FOR GRADES K-8 AND PROVIDES SCHOLARSHIPS, MENTORING, AND SUPPORT TO STUDENTS IN THE EASTERN WASHINGTON REGION INTERESTED IN PURSUING HIGHER EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ralph Broetje Treasurer | 2 | $0 | |
Cheryl Broetje President/chairman | 2 | $0 | |
Callie Sims Vice President | 1 | $0 | |
Suzanne Broetje Secretary | 2 | $0 | |
Roger Bairstow Director/executive Director | 40 | $54,999 | |
Shaun Broetje Director | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Olin Homes Llc | 12/30/22 | $600,000 |
Bluecadet Llc | 12/30/22 | $446,619 |
U S Bank Wealth Management | 12/30/22 | $312,803 |
Pacific Studio Inc | 12/30/22 | $188,340 |
Elite Construction | 12/30/22 | $175,320 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $673,782 |
Dividends & Interest | $1,345,895 |
Net Rental Income | $326,660 |
Net Gain on Sale of Assets | $4,313,459 |
Capital Gain Net Income | $4,313,459 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $48,161 |
Total Revenue | $7,977,113 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $148,810 |
Other employee salaries and wages | $494,987 |
Pension plans, employee benefits | $177,797 |
Interest | $0 |
Taxes | $508,473 |
Depreciation | $1,060,449 |
Occupancy | $0 |
Travel, conferences, and meetings | $9,121 |
Printing and publications | $0 |
Other expenses | $761,329 |
Total operating and administrative expenses | $3,510,955 |
Contributions, gifts, grants paid | $3,030,778 |
Total expenses and disbursements | $6,541,733 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,354,721 |
Savings and temporary cash investments | $12,487,507 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $2,304,000 |
Investments—other | $0 |
Net Land, buildings, and equipment | $28,928,115 |
Other assets | $1,500,000 |
Total assets | $160,087,594 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $51,425 |
Total liabilities | $51,425 |
Over the last fiscal year, Jubilee Foundation has awarded $3,030,778 in support to 30 organizations.
Grant Recipient | Amount |
---|---|
ALARM PURPOSE: GENDER EQUITY, RECONCILIATION & PARTNERSHIPS CURRICULUM DEVELOPMENT | $46,610 |
BEYOND BORDERS PURPOSE: MODEL COMMUNITY INITIATIVE ON LA GONAVE 2021-2024 | $200,000 |
AMEXTRA (ASOCIACION MEXICANA DE TRANSFORMACION RURAL Y URBANA AC) PURPOSE: CAMBIANDO VIDAS, TRANSFORMANDO COMUNIDADES EN OCOSINGO, CHIAPAS | $86,200 |
CAPABLE PURPOSE: COHORT 3 CAPABLE GRADUATION PROGRAM | $150,000 |
AMEXTRA (ASOCIACION MEXICANA DE TRANSFORMACION RURAL Y URBANA AC) PURPOSE: CAMBIANDO VIDAS, TRANSFORMANDO COMUNIDADES EN GUERRERO | $97,012 |
CATHOLIC RELIEF SERVICES PURPOSE: CHANGING THE WAY WE CARE, HAITI | $230,379 |