Jumpstart Coalition For Personal Financial Literacy
- Assets
- $2.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 52-2031287
Organization Overview
Jumpstart Coalition For Personal Financial Literacy is located in Washington, DC. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Jumpstart Coalition For Personal Financial Literacy employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Jumpstart Coalition For Personal Financial Literacy 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, Jumpstart Coalition For Personal Financial Literacy generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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
JUMPSTART IS A COALITION OF DIVERSE FINANCIAL EDUCATION STAKEHOLDERS. THESE ORGANIZATIONS WORK TOGETHER TO EDUCATE AND PREPARE OUR NATION'S YOUTH FOR LIFE-LONG FINANCIAL SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE COALITIONS - STATE COALITIONS ARE INDEPENDENT AFFILIATES THAT SUPPORT JUMPSTART'S MISSION AND SERVE AS A STATE-WIDE NETWORK OF INDIVIDUALS AND ENTITIES THAT COLLABORATE TO CONDUCT AND/OR SUPPORT FINANCIAL EDUCATION AND FINANCIAL LITERACY.
PROJECT GROUNDSWELL/CHECK YOUR SCHOOL - IN 2019, JUMPSTART LAUNCHED CHECK YOUR SCHOOL, A PUBLIC-ENGAGEMENT CAMPAIGN DESIGNED TO SUPPORT THE GOALS OF PROJECT GROUNDSWELL. THE WEBSITE FEATURES A SEARCHABLE DATABASE WHERE YOU CAN "CHECK YOUR SCHOOL," THEN "CHECK AT YOUR SCHOOL AND SHARE WHAT YOU KNOW.
OTHER PROGRAMS TO IMPROVE FINANCIAL LITERACY AND TO PREPARE YOUTH FOR FINANCIAL DECISION MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Levine Non-Voting President/ceo | Officer | 35 | $174,793 |
Michael Staten Chairman | OfficerTrustee | 0.5 | $0 |
Rhonda Ashburn Secretary | OfficerTrustee | 0.5 | $0 |
Melanie Mortimer Secretary | OfficerTrustee | 0.5 | $0 |
Vickie L Bajtelsmit Treasurer | OfficerTrustee | 0.5 | $0 |
Corey Carlisle Vice Chairman | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Doyle Mcdonald Pr Consulting Services | 12/30/21 | $227,500 |
Daniel Hebert Directs The Teacher Professional Develop | 12/30/21 | $124,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $479,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $891,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,371,099 |
| Total Program Service Revenue | $24,961 |
| Investment income | $106,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $868,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,370,827 |
| 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. | $204,078 |
| Compensation of current officers, directors, key employees. | $70,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,569 |
| Payroll taxes | $26,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,986 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,242 |
| Fees for services: Other | $578,467 |
| Advertising and promotion | $0 |
| Office expenses | $22,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,400 |
| Travel | $6,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $379,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,208 |
| All other expenses | $0 |
| Total functional expenses | $1,676,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,247 |
| Savings and temporary cash investments | $5,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,368 |
| 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 | $9,377 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,570,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,323 |
| Total assets | $2,803,191 |
| Accounts payable and accrued expenses | $24,659 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $51,251 |
| Total liabilities | $105,910 |
| Net assets without donor restrictions | $2,305,498 |
| Net assets with donor restrictions | $391,783 |
| 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 | $2,803,191 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jumpstart Coalition For Personal Financial Literacy has recieved totaling $53,061.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $30,000 |
Finra Regulation Inc Rockville, MD PURPOSE: GENERAL SUPPORT | $15,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |
Success For All Foundation Inc Baltimore, MD | $3,571,160 | $7,960,925 |
American Constitution Society For Law And Policy Washington, DC | $6,124,680 | $5,609,154 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Qm Quality Matters Annapolis, MD | $7,257,264 | $7,473,612 |