Jeito Foundation

Organization Overview

Jeito Foundation is located in Mesa, AZ. The organization was established in 2007. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Jeito 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 12/2021, Jeito Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $718.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTED THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS.

Describe the Organization's Program Activity:

THE JEITO FOUNDATION PROVIDED A $500,000 GRANT TO SUPPORT AND BENEFIT THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS.


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Board, Officers & Key Employees

Name (title)Compensation
Glenn Mckay
Trustee
$0
Dale Jones
Trustee
$0
Patrick Cardon
Trustee
$0
Wilford A Cardon
Trustee
$0
John M Barger
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $453,898
Tax Exempt Bond Proceeds $0
Royalties $59
Net Rental Income $160,024
Net Gain/Loss on Asset Sales $1,838,351
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,386,042

Grants Awarded

Over the last fiscal year, Jeito Foundation has awarded $1,250,000 in support to 3 organizations.

Grant RecipientAmount

BRIGHAM YOUNG UNIVERSITY

Org PageRecipient Profile

Provo, UT

PURPOSE: SUPPORTED BRIGHAM YOUNG UNIVERSITY-PROVO IN RESPONSE TO ITS NEEDS.

$850,000

THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

PURPOSE: SUPPORTED THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS IN RESPONSE TO ITS NEEDS.

$300,000

BRIGHAM YOUNG UNIVERSITY-IDAHO

Org PageRecipient Profile

Rexburg, ID

PURPOSE: SUPPORTED BRIGHAM YOUNG UNIVERSITY-IDAHO IN RESPONSE TO ITS NEEDS.

$100,000
View Grant Profile

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