Alan K And Cledith M Jennings Foundation
- Assets
- $5.6m
- Revenue
- $222.4k
- Investments
- $5.3m
- Employees
- 0
- Location
- Grass Valley, CA
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 94-3363468
Organization Overview
Alan K And Cledith M Jennings Foundation is located in Grass Valley, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alan K And Cledith M Jennings 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, Alan K And Cledith M Jennings Foundation generated $222.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $427.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alan K And Cledith M Jennings Foundation has awarded 361 individual grants totaling $4,112,640. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jennings President | 5 | $18,000 | |
Kathy Greene Vice Preside | 5 | $18,000 | |
Andrew Bernadett Secretary | 5 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $158,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,803 |
| Capital Gain Net Income | $63,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,973 |
| Total operating and administrative expenses | $113,151 |
| Contributions, gifts, grants paid | $314,000 |
| Total expenses and disbursements | $427,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,720 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,597,790 |
| Accounts payable and accrued expenses | $6,660 |
| 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 | $0 |
| Total liabilities | $6,660 |
Grants Awarded
Over the last fiscal year, Alan K And Cledith M Jennings Foundation has awarded $314,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD ADVOCATES OF NEVADA COUNTY PURPOSE: GENERAL USE | $32,000 |
BRIGHT FUTURES FOR YOUTH PURPOSE: GENERAL USE | $87,000 |
HABITAT FOR HUMANITY NEVADA COUNTY PURPOSE: GENERAL USE | $21,000 |
HOSPICE OF THE FOOTHILLS PURPOSE: GENERAL USE | $10,500 |
HOSPITALITY HOUSE PURPOSE: GENERAL USE | $10,500 |
SIERRA NEVADA CHILDREN'S SERVICES PURPOSE: GENERAL USE | $10,000 |