Jita Foundation Inc
- Assets
- $116.0k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lee, NJ
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-1898257
Organization Overview
Jita Foundation Inc is located in Fort Lee, NJ. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Jita 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
. PROVIDE SCHOLARSHIP FUND TO EDUCATIONAL ORGANIZATIONS AND NEEDY STUDENTS IN COMMUNITY SO EACH STUDENT CAN HAVE A BETTER OPPORTUNITY IN HIS OR HER EDUCATION INCLUDING CHRISTIAN EDUCATION. . SUPPORT CHRISTIAN MISSIONARIES AND THEIR FAMILIES SO THEY CAN SERVE THEIR COMMUNITY WHERE THEY STAY. . SUPPORT CHRISTIAN MISSION ACTIVITIES LIKE MISSION TRIP AND SPIRITUAL REVIVAL MOVEMENT. . SUPPORT NEEDY FAMILIES IN COMMUNITY SO THEY CAN HAVE A BETTER CHANCE TO FUNCTION AS A GOOD MEMBER OF THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lee Founder & Pr | 5 | $0 | |
Ui Chin Lee Treasurer | 5 | $0 | |
Sun Rye Lee Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| 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 | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,675 |
| Total operating and administrative expenses | $94,750 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $94,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,039 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $100,000 |
| 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 | $116,039 |
| 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, Jita Foundation Inc has awarded $93,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NJCA PURPOSE: CHRISTIAN SCHOOL | $35,000 |
COMMUNITY VISION PURPOSE: CHRISTIAN MISSION | $22,200 |
VARIOUS CHRISTIAN MISSIONARIES PURPOSE: CHRISTIAN MISSION | $7,600 |
SEED USA MINISTRY INC PURPOSE: CHRISTIAN MISSION | $6,200 |
KIM MISSION PURPOSE: CHRISTIAN MISSION | $6,000 |
KI-HO SONG PURPOSE: CHRISTIAN MISSION (IN UK) | $5,400 |
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|---|---|---|
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Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Doctors Of The World-Usa Inc New York, NY | $5,138,998 | $8,908,023 |
United Food And Commercial Workers International Union Oriskany, NY | $2,992,541 | $8,981,591 |
Wayne County Action Program Inc Lyons, NY | $3,537,821 | $9,071,492 |
Opportunities For Otsego Inc Oneonta, NY | $3,078,713 | $8,326,679 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Circle Of Care For Families And Children Of Passaic County Inc Woodland Park, NJ | $3,622,705 | $9,164,906 |
Lifeworks Community Action Inc Ballston Spa, NY | $2,628,001 | $8,482,858 |