Jeannette Rankin Foundation Inc
- Assets
- $3.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Athens, GA
- Founding
- 12/1976
- Data as of
- 05/2022
- EIN
- 58-1273122
Organization Overview
Jeannette Rankin Foundation Inc is located in Athens, GA. The organization was established in 1976. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 05/2022, Jeannette Rankin Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jeannette Rankin 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 05/2022, Jeannette Rankin Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $1.1m during the year ending 05/2022. While expenses have increased by 17.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLARSHIPS AND SUPPORT FOR LOW-INCOME WOMEN 35 AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DATE WE HAVE GIVEN 1,949 NON-RESTRICTED NON-TUITION SCHOLAR GRANTS TO 1,149 WOMEN TOTALING $3,899,684. JEANNETTE RANKIN SCHOLARS ARE ABLE TO LEVERAGE THE SCHOLAR GRANT, USING IT TO FILL IN THE GAPS FOR EXPENSES NOT COVERED BY OTHER FUNDING INCLUDING BOOKS, CHILDCARE, HOUSING EXPENSE, AND CAR REPAIRS. ACCORDING TO THE INSTITUTE FOR WOMEN'S POLICY RESEARCH (IWPR) THE USA WOULD GET A RETURN OF $5.05 FOR EVERY DOLLAR SPENT ON PROVIDING ADDITIONAL FINANCIAL AID TO SINGLE MOTHERS. THE RETURN ON INVESTMENT OF THIS YEAR'S SCHOLAR GRANT FUNDS WOULD BE $1,783,837. WE AWARDED A TOTAL OF 135 FULL $2,500 SCHOLARSHIPS IN 2021/22, WITH THE BALANCE DISBURSED IN EMERGENCY FUNDS AND VOCATIONAL EDUCATION SUPPORT.
ACCORDING TO THE INSTITUTE FOR WOMEN'S POLICY RESEARCH (IWPR) EVERY DOLLAR INVESTED IN CASE MANAGEMENT AND COACHING WOULD PROVIDE A RETURN OF $5.48 FOR EACH DOLLAR SPENT. OUR PROGRAM TEAM SPENDS 50 HOURS EACH WEEK IN PROVIDING CASE MANAGEMENT AND COACHING CREATING A RETURN OF $712,400 RETURN ON INVESTMENT ($130,000 X $5.48 = $712,400). WE PROVIDE A SCHOLAR RESOURCE NETWORK, ESSENTIALLY AN EAP PROGRAM FOR SCHOLARS. SEVENTY-FIVE PERCENT OF RANKIN FOUNDATION SCHOLARS ARE SINGLE HEAD OF HOUSEHOLD. SIXTY-FIVE PERCENT OF RANKIN SCHOLARS ARE SURVIVORS OF DOMESTIC VIOLENCE. FIFTY-SIX PERCENT ARE THE FIRST IN THEIR FAMILY TO GO TO COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Sterk Chief Executive Officer | Officer | 40 | $106,383 |
Rozy Park Vice Chair | OfficerTrustee | 1 | $0 |
Jane Hale Hopkins Secretary | OfficerTrustee | 1 | $0 |
Betsy Bach Board Chair | OfficerTrustee | 1 | $0 |
Vashti Canty Member At Large | OfficerTrustee | 1 | $0 |
Tracy Cosgrove Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,636 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,254,841 |
| Noncash contributions included in lines 1a–1f | $370,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,320,477 |
| Total Program Service Revenue | $0 |
| Investment income | $46,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $444,314 |
| Net Income from Fundraising Events | $11,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,828,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $353,235 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,061 |
| Compensation of current officers, directors, key employees. | $8,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,833 |
| Pension plan accruals and contributions | $16,665 |
| Other employee benefits | $56,720 |
| Payroll taxes | $23,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,441 |
| Fees for services: Other | $176,694 |
| Advertising and promotion | $25,055 |
| Office expenses | $26,135 |
| Information technology | $17,689 |
| Royalties | $0 |
| Occupancy | $20,146 |
| Travel | $12,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,508 |
| Interest | $3,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,710 |
| Insurance | $3,718 |
| All other expenses | $2,871 |
| Total functional expenses | $1,096,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $927,865 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $126,850 |
| Investments—publicly traded securities | $1,984,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,077,872 |
| Accounts payable and accrued expenses | $37,428 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $86,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $123,762 |
| Net assets without donor restrictions | $47,490 |
| Net assets with donor restrictions | $2,906,620 |
| 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 | $3,077,872 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Jeannette Rankin Foundation Inc has recieved totaling $587,225.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $250,427 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $100,000 |
Synchrony Foundation Stamford, CT PURPOSE: FOR SCHOLARSHIPS AND EMERGENCY RELIEF GRANTS | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $64,100 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,782 |
Endowment Analysis
| Beg. Balance | $1,452,401 |
| Earnings | -$168,636 |
| Net Contributions | $1,231,864 |
| Grants | $31,663 |
| Ending Balance | $2,483,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |