Jlo Charitable Foundation Inc
- Assets
- $247.9k
- Revenue
- $12.1k
- Investments
- $246.1k
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 82-2157161
Organization Overview
Jlo Charitable Foundation Inc is located in Mobile, AL. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jlo 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 12/2023, Jlo Charitable Foundation Inc generated $12.1k 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 (34.2%) each year. All expenses for the organization totaled $15.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLE SISTERS OF THE POOR SACRED HEART RESIDENCE 1655 MCGILL AVENUE MOBILE AL 36604
ST IGNATIUS CHURCH 3704 SPRINGHILL AVE MOBILE AL 36608
COASTAL CONSERVATION OF ALABAMA 25595 CANAL ROAD ORANGE BEACH AL 36561
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome L O Brien Officer | 0.5 | $0 | |
Mary A O Brien Officer | 0.5 | $0 | |
Barclay Harle Officer | 0.5 | $0 | |
Jerome L O Brien Jr Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,544 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,550 |
| Capital Gain Net Income | $6,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $654 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $15,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,803 |
| 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 | $247,895 |
| 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, Jlo Charitable Foundation Inc has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE SISTERS OF THE POOR PURPOSE: TO SUPPORT THE SACRED HEART RESIDENCE | $5,000 |
ST IGNATIUS CHURCH PURPOSE: CAPITAL CAMPAIGN | $5,000 |
COASTAL CONSERVATION OF ALABAMA PURPOSE: SUPPORD COASTAL CONSERVATION | $5,000 |