Jefferson Economic Developement Institute is located in Mount Shasta, CA. The organization was established in 1997. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Jefferson Economic Developement Institute employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Economic Developement Institute 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 09/2021, Jefferson Economic Developement Institute generated $798.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $757.7k during the year ending 09/2021. While expenses have increased by 7.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
JEDI'S MISSION IS TO INCREASE THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH CREATION. THROUGH THIS MISSION, JEDI IS ADDRESSING THE ROOT CAUSES OF RURAL POVERTY AND ECONOMIC DEVELOPMENT. SINCE 1996 IT HAS SUPPORTED OVER 6,700 PEOPLE IN GROWING A BUSINESS, CREATED 1,700 BUSINESSES AND JOBS, AND 70 HAVE RECEIVED FINANCING OF APPROXIMATELY 7.6 MILLION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JEFFERSON ECONOMIC DEVELOPMENT INSTITUTE (JEDI) IS A NONPROFIT ORGANIZATION DEDICATED TO INCREASING THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH CREATION. JEDI ASSISTS LOW AND MODERATE INCOME FAMILIES TO THRIVE FINANCIALLY BY BUILDING SUSTAINABLE BUSINESSES AND ASSETS. OVER THE PAST 21 YEARS, JEDI HAS SERVED OVER 6,700 INDIVIDUALS WHO STARTED OVER 1,700 BUSINESSES AND ADDED NEW JOBS IN THIS RURAL FRONTIER REGION OF FAR NORTHERN CALIFORNIA. JEDI HAS BROUGHT CLOSE TO 7.6 MILLION INTO THE COUNTY IN SUPPORT OF SMALL BUSINESS DEVELOPMENT AND ASSISTED BUSINESSES TO ACQUIRE OVER 1,800,000 IN FINANCING. JEDI BECAME AN SBA-DESIGNATED WOMENS BUSINESS VENTER IN 2014 AND SERVES A 4-COUNTY REGION IN NORTHERN CA. JEDI SERVES 1,500 PEOPLE PER YEAR SEEKING TO START OR GROW A BUSINESS OR FAMILY FINANCIAL SECURITY, OF WHICH, 82% ARE WOMEN, 18% ARE MINORITES, 19% ARE DISABLED, 72% ARE LOW INCOME AND 100% ARE RURAL. JEDI IS ALSO HOST TO AN IRS-SPONSORED VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM, PREPARING APPROXIMATELY 600 FREE TAXES FOR SENIORS AND LOW INCOME WAGE EARNERS PER YEAR. JEDI IS ALSO THE HOST OF THE MT. SHASTA FARMERS MARKET, PROVIDING A MARKET OUTLET FOR FARMERS ANF RANCHERS FOR 20 YEARS. JEDI'S WELL-SEASONED ARRAY OF MICRO AND SMALL BUSINESS COACHING AND TECHNICAL ASSISTANCE, ASSET-BUILDING OPPORTUNITIES SUCH AS INDIVIDUAL DEVELOPMENT ACCOUNTS, INDUSTRY-SPECIFIC PROJECTS, AND GENERAL COMMUNITY ECONOMIC DEVELOPMENT PLANNING. JEDI HAS BEEN AN IRS- SPONSORED VITA (VOLUNTEER INCOME TAX ASSISTANCE) SITE FOR THE PAST 10 YEARS AND PROVIDES SENIORS AND PEOPLE WITH LOW INCOME FREE TAX PREPARATION. JEDI ALSO MANAGES THE MT SHASTA FARMERS MARKET. JEDI PROVIDED MANY DIRECT SERVICES IN SUPPORT OF BUSINESS AND ASSET DEVELOPMENT. THE WOMENS AT JEDI IS GROWING AND EXPANDING TO SERVE MORE WOMEN ENTREPRENEURS AND IS FAST BECOMING A LEAFER IN ITS CLASS SERVING RURAL WOMEN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Swift Executive Di | Trustee | 40 | $83,280 |
Colette George Treasurer | OfficerTrustee | 1 | $0 |
Kathy Hall Chairman | OfficerTrustee | 1 | $0 |
Erika Carpenter Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $592,935 |
All other contributions, gifts, grants, and similar amounts not included above | $187,485 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $780,420 |
Total Program Service Revenue | $15,644 |
Investment income | $0 |
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 | $798,620 |
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. | $83,280 |
Compensation of current officers, directors, key employees. | $4,020 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $397,003 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $53,294 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $43,638 |
Advertising and promotion | $8,558 |
Office expenses | $7,805 |
Information technology | $24,609 |
Royalties | $0 |
Occupancy | $44,922 |
Travel | $1,042 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,061 |
Interest | $4,334 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $4,592 |
All other expenses | $0 |
Total functional expenses | $757,677 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,511 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $116,414 |
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 | $5,204 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $750 |
Total assets | $142,879 |
Accounts payable and accrued expenses | $57,090 |
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 | $25,000 |
Total liabilities | $82,090 |
Net assets without donor restrictions | $56,409 |
Net assets with donor restrictions | $4,380 |
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 | $142,879 |
Over the last fiscal year, we have identified 6 grants that Jefferson Economic Developement Institute has recieved totaling $172,802.
Awarding Organization | Amount |
---|---|
Ford Family Foundation Roseburg, OR PURPOSE: WOMEN-FOCUSED ENTREPRENEURSHIP AND VITA | $65,000 |
Ford Family Foundation Roseburg, OR PURPOSE: WOMEN-FOCUSED ENTREPRENEURSHIP AND VITA | $65,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $25,000 |
Ecology Center Berkeley, CA PURPOSE: FOOD INSECURITY NUTRITION INCENTIVE (FINI) GRANT PROGRAM | $14,267 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: WOMEN SHAPING THE NEW ECONOMY IN FAR NORTHERN CALI INITIATIVE | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Organization Name | Assets | Revenue |
---|---|---|
California Manufacturing Technology Consulting Torrance, CA | $11,048,363 | $31,611,156 |
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |