The Jcpenney Foundation
- Assets
- $2.8m
- Revenue
- $958.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 75-2966166
Organization Overview
The Jcpenney Foundation, operating under the name The Jcpenney Communities Foundation, is located in Plano, TX. The organization was established in 2001. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jcpenney Communities 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 12/2021, Jcpenney Communities Foundation generated $958.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jcpenney Communities Foundation has awarded 296 individual grants totaling $13,589,606. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JCPENNEY FOUNDATION RAISES PUBLIC AWARENESS OF AND SUPPORTS CHARITABLE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JCPENNEY FOUNDATION WAS ESTABLISHED ON OCTOBER 15, 2001, TO PROVIDE CHILDREN WITH HIGH QUALITY, AFFORDABLE AFTER-SCHOOL PROGRAMS TO HELP THEM REACH THEIR FULL POTENTIAL. THROUGH COLLABORATION, FUNDING, AND VOLUNTEER SUPPORT, THE FOUNDATION WORKED WITH NATIONAL PROVIDERS OF AFTER-SCHOOL CARE TO RAISE AWARENESS OF THE NEED FOR AFTER-SCHOOL PROGRAMS AND TO MAINTAIN AND INCREASE THE NUMBER OF PROGRAMS AVAILABLE IN ORDER TO HAVE THE CHILDREN POWER THEIR POTENTIAL.THE JCPENNEY FOUNDATION IS CURRENTLY ORGANIZED AND OPERATED TO HELP CLOSE THE OPPORTUNITY GAP FOR UNDERSERVED STUDENTS BY BUILDING THE CONFIDENCE THEY NEED TO STAY ENGAGED IN SCHOOL, ATTEND COLLEGE, AND PREPARE FOR A REWARDING CAREER. THE FOUNDATION INVESTS IN NON-PROFIT ORGANIZATIONS THAT PROVIDE STUDENTS WITH TOOLS FOR SUCCESS, SUCH AS CLOTHING NEEDS, YOUTH PROGRAMMING, AND CAREER READINESS SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre Joyner President/chairman (beg 11/16/21) | OfficerTrustee | 1 | $0 |
Dawn Wolverton Secretary | Officer | 1 | $0 |
Aubrey Dezego President (end 12/2/21) | Officer | 1 | $0 |
Kevin Updegrove Vice President (end 10/2/21) | Officer | 1 | $0 |
David Bullington Vice President, Tax Matters | Officer | 1 | $0 |
Ayesha Hurst Assistant Controller | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $953,957 |
| Total Program Service Revenue | $0 |
| Investment income | $4,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $958,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,439,726 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,574,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,710,569 |
| Pledges and grants receivable | $100,219 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,810,788 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $82,222 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,222 |
| Net assets without donor restrictions | $2,728,566 |
| Net assets with donor restrictions | $0 |
| 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 | $2,810,788 |
Grants Awarded
Over the last fiscal year, The Jcpenney Foundation has awarded $515,912 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: IN HONOR OF BLACK HISTORY MONTH THE JCP FOUNDATION PROVIDED THIS GRANT TO SUPPORT THE ORGANIZATIONS PROJECT READY PROGRAM. | $46,462 |
Rochester, NY PURPOSE: A JCP GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER FOCUSED ON CLOSING THE OPPORTUNITY GAP TO RECEIVE A LEADER GRANT. | $24,500 |
Spokane, WA PURPOSE: A JCP GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER FOCUSED ON CLOSING THE OPPORTUNITY GAP TO RECEIVE A LEADER GRANT. | $20,000 |
J C PENNEY HOMESTEAD INC PURPOSE: PROGRAM AND OVERHEAD OPERATIONS SUPPORT. | $20,000 |
Abilene, TX PURPOSE: A JCP GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER FOCUSED ON CLOSING THE OPPORTUNITY GAP TO RECEIVE A LEADER GRANT. | $18,000 |
Denver, CO PURPOSE: A JCP GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER FOCUSED ON CLOSING THE OPPORTUNITY GAP TO RECEIVE A LEADER GRANT. | $13,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Jcpenney Foundation has recieved totaling $42,783.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $42,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |
Evergreen Foundation Haughton, LA | $11,601,707 | $713,824 |
Green Beret Foundation San Antonio, TX | $4,813,026 | $3,422,970 |
The Credit Bureau Of Baton Rouge Foundation Baton Rouge, LA | $26,265,049 | $1,414,019 |