Jackson Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $23.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 11/2016
- Data as of
- 06/2023
- EIN
- 81-3253602
Organization Overview
Jackson Charitable Foundation Inc is located in Lansing, MI. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Jackson Charitable 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 06/2023, Jackson Charitable Foundation Inc generated $23.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (48.9%) each year. All expenses for the organization totaled $24.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (48.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Jackson Charitable Foundation Inc has awarded 201 individual grants totaling $7,418,003. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, JACKSON CHARITABLE FOUNDATION SPONSORED AROUND 2,800 HIGH SCHOOL STUDENTS AND THEIR 46 TEACHERS ON THE PATH TO FINANCIAL WELL-BEING WITH UNIVERSITY OF CHICAGO FINANCIAL EDUCATION INITIATIVE'S FINEDGE CURRICULUM. THE SPONSORSHIP INCLUDES ROBUST PROFESSIONAL DEVELOPMENT THROUGH VIRTUAL TRAININGS, DIGITAL SELF-PACED CURRICULUM AND A VIRTUAL LEARNING COMMUNITY OF FELLOW TEACHERS. UCHICAGO WAS NOT ABLE TO RECRUIT THE FULL NUMBER OF TEACHERS FOR THE SPONSORSHIP, SO THE AGREEMENT WAS AMENDED TO REDUCE THE 3RD INSTALLMENT AND WAIVE THE 4TH INSTALLMENT. NO FUTURE AGREEMENT WITH UNIVERSITY OF CHICAGO AND JACKSON CHARITABLE FOUNDATION.
JUNIOR ACHIEVEMENT USA
IN 2022, JACKSON CHARITABLE FOUNDATION DONATED 125,000 TO JUMPTART COALITION FOR PERSONAL FINANCE EDUCATION TO SPONSOR 100 TEACHERS TO ATTEND THE NATIONAL EDUCATOR CONFERENCE. THIS SPONSORSHIP PROVIDED PROFESSIONAL DEVELOPMENT DURING THE ANNUAL CONFERENCE IN NOVEMBER 2022, INCLUDING COVERING THE COSTS OF REGISTRATION AS WELL AS LODGING. NO FUTURE AGREEMENT WITH JUMPTART AND JACKSON CHARITABLE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Robinson Exec Directo | 2.5 | $0 | |
Kristan Richardson Secretary | 0.2 | $0 | |
Matt Laker Director | 0.2 | $0 | |
Dana Rapier Director | 0.2 | $0 | |
Laura Prieskorn Chairperson | 0.2 | $0 | |
Don Cummings Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,857 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,000 |
| Total operating and administrative expenses | $23,857 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $23,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| 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 | $0 |
| 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, Jackson Charitable Foundation Inc has awarded $343,693 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CHICAGO (FINEDGE) PURPOSE: FOR EDUCATIONAL PURPOSES | $218,693 |
JUMPTART COALITION FOR PERSONAL PURPOSE: FOR EDUCATIONAL PURPOSES | $125,000 |