Jared Foundation Inc
- Assets
- $159.0k
- Revenue
- $28.4k
- Investments
- $155.4k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 54-1902472
Organization Overview
Jared Foundation Inc is located in Virginia Beach, VA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jared Foundation Inc 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, Jared Foundation Inc generated $28.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $16.0k 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry H Jared Chairman | 1 | $0 | |
Timothy D Jared Vice President | 1 | $0 | |
Todd W Jared Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,951 |
| Capital Gain Net Income | $21,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,971 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $15,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,555 |
| 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 | $158,973 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jared Foundation Inc has awarded $12,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NOFOLK ACADEMY PURPOSE: FOR ASSISTANCE IN PROVIDING EDUCATION | $2,000 |
CAPE HENRY COLLEGIATE SCHOOL PURPOSE: FOR ASSISTANCE IN PROVIDING EDUCAITON | $4,000 |
THE KEYS CHILDREN FOUNDATION PURPOSE: FOR CONTRIBUTION TO CHARITIES THAT BENEFIT YOUTH | $3,000 |
CHILDREN'S HOSPITAL OF KING'S DAUGHTERS PURPOSE: FOR ASSISTANCE IN PROVIDING MEDCIAL CARE TO CHILDREN | $3,000 |