Jabez Foundation
- Assets
- $2.6m
- Revenue
- $125.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-3691022
Organization Overview
Jabez Foundation is located in Sugar Land, TX. The organization was established in 2009. 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. Jabez 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, Jabez Foundation generated $125.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $61.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jabez Foundation has awarded 74 individual grants totaling $1,007,975. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell C Jones Director | 0 | $0 | |
Mazie Leftwich Secretary/di | 30 | $0 | |
G Brent Leftwich Trustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,470 |
| Capital Gain Net Income | $14,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $163 |
| Total Revenue | $124,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $5,554 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,837 |
| Total operating and administrative expenses | $13,691 |
| Contributions, gifts, grants paid | $48,161 |
| Total expenses and disbursements | $61,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,749 |
| 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 | $1,145,344 |
| Total assets | $2,625,696 |
| 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 | $833,683 |
| Total liabilities | $833,683 |
Grants Awarded
Over the last fiscal year, Jabez Foundation has awarded $48,161 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF CHAMPION V PURPOSE: PROGRAM SUPPORT | $12,500 |
TURTLE WING FOUNDATION PURPOSE: PROGRAM SUPPORT | $2,000 |
COVENANT COMMUNITY SCHOOLS PURPOSE: PROGRAM SUPPORT | $950 |
FAYETTEVILLE COMMUNITY CENTER G PURPOSE: PROGRAM SUPPORT | $5,000 |
COLLUMBUS FOOD PANTRY PURPOSE: PROGRAM SUPPORT | $3,750 |
COLLUMBUS HISTORICAL PRESERVATIO PURPOSE: PROGRAM SUPPORT | $1,000 |