Bruce & Nellie M Jackson Memorial Fund
- Assets
- $294.3k
- Revenue
- $14.3k
- Investments
- $267.4k
- Employees
- 0
- Location
- Canton, IL
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 36-4529465
Organization Overview
Bruce & Nellie M Jackson Memorial Fund is located in Canton, IL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bruce & Nellie M Jackson Memorial Fund 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, Bruce & Nellie M Jackson Memorial Fund generated $14.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $32.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST AWARDED SCHOLARSHIPS TO STUDENTS ATTENDING A FOUR-YEAR COLLEGE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,252 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,496 |
| Total Revenue | $14,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,334 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,341 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $5,020 |
| Contributions, gifts, grants paid | $27,300 |
| Total expenses and disbursements | $32,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,944 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,314 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,800 |
| 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 | $2,800 |
Grants Awarded
Over the last fiscal year, Bruce & Nellie M Jackson Memorial Fund has awarded $27,300 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DEREK MEIER PURPOSE: SCHOLARSHIPS | $2,100 |
ADDISON HARRISON PURPOSE: SCHOLARSHIP | $1,750 |
ZACHARY SAPPINGTON PURPOSE: SCHOLARSHIP | $2,100 |
KASI WEAVER PURPOSE: SCHOLARSHIP | $2,100 |
CONNOR MAYALL PURPOSE: SCHOLARSHIPS | $2,100 |
ETHAN MCKEEVER PURPOSE: SCHOLARSHIP | $2,100 |