Lift Jax Inc
- Assets
- $3.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Jacksonville, FL
- Founding
- Data as of
- 12/2021
- EIN
- 85-0819002
Organization Overview
Lift Jax Inc is located in Jacksonville, FL. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lift Jax Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lift Jax 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 12/2021, Lift Jax Inc generated $4.1m in total revenue. All expenses for the organization totaled $752.3k during the year ending 12/2021. While expenses have increased by 213.5% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFT JAX SEEKS TO ERADICATE GENERATIONAL POVERTY IN JACKSONVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFT JAX PROVIDES GRANTS AND ASSISTANCE TO PARTNER ORGANIZATIONS IN CONNECTION WITH THE IMPROVEMENT OF COMMUNITY TRANSFORMATION, PROVIDED SUCH ORGANIZATIONS OPERATE IN A MANNER THAT FURTHERS THE EXEMPT PURPOSE OF LIFT JAX. ALL ORGANIZATIONS THAT RECEIVE FUNDS IMPLEMENT ACTIVITIES THAT ADDRESS THE DETERIORATED CONDITIONS OF THE COMMUNITIES LIFT JAX SERVES, IN AN EFFORT TO IMPROVE BLIGHTED AREAS AND PREVENT FURTHER ECONOMIC DECLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Garfunkel President | Officer | 40 | $135,000 |
Darnell Smith Chair | Trustee | 2 | $0 |
Peter Gunnlaugsson Treasurer | Trustee | 2 | $0 |
Rudolph Jamison Jr Secretary | Trustee | 2 | $0 |
Suzanne Pickett Vice Chair | Trustee | 2 | $0 |
Ellen Wiss Vice Chair | Trustee | 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 | $4,104,616 |
| Noncash contributions included in lines 1a–1f | $988,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,104,616 |
| Total Program Service Revenue | $0 |
| Investment income | $594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,881 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,110,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,500 |
| Grants and other assistance to domestic individuals. | $95,384 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,000 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $431 |
| Payroll taxes | $11,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,116 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,283 |
| Advertising and promotion | $511 |
| Office expenses | $4,489 |
| Information technology | $2,713 |
| Royalties | $0 |
| Occupancy | $1,099 |
| Travel | $254 |
| 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 | $2,267 |
| All other expenses | $294,111 |
| Total functional expenses | $752,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,835,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $636,518 |
| 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 | $12,000 |
| Total assets | $3,484,354 |
| Accounts payable and accrued expenses | $66,977 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,977 |
| Net assets without donor restrictions | $749,091 |
| Net assets with donor restrictions | $2,668,286 |
| 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 | $3,484,354 |
Grants Awarded
Over the last fiscal year, Lift Jax Inc has awarded $162,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: GRANT FOR GENERAL OPERATING SUPPORT | $87,500 |
New York, NY PURPOSE: GRANT TO SUPPORT "PROJECT BOOTS" HOME OWNERSHIP PROGRAM | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lift Jax Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Crowley Cares Foundation Wilmington, DE PURPOSE: HISTORIC EASTSIDE BACK TO SCHOOL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boca Raton Regional Hospital Foundation Inc Boca Raton, FL | $315,799,427 | $62,390,415 |
Catalyst Miami Inc Miami, FL | $6,303,962 | $5,374,874 |
Alabama Bankers Association Inc Montgomery, AL | $3,505,775 | $3,822,540 |
Georgia Rural Water Association Incorporated Barnesville, GA | $3,435,226 | $4,117,604 |
Florida Association Of Centers For Independent Living Inc Facil Tallahassee, FL | $7,894,913 | $3,870,768 |
Alabama Rural Water Association Montgomery, AL | $2,377,857 | $3,170,318 |
Macon-Russell Community Action Agency Incorporated Tuskegee, AL | $785,450 | $2,551,458 |
New Town Macon Inc Macon, GA | $28,447,383 | $5,896,499 |
Faith In Florida Inc Orlando, FL | $1,660,314 | $1,913,731 |
Palm Beach Civic Association Inc Palm Beach, FL | $3,106,965 | $1,972,810 |
Federal Alliance For Safe Homes -Flash Inc Tallahassee, FL | $1,877,404 | $1,813,662 |
Quality Life Center Of Southwest Florida Inc Fort Myers, FL | $3,568,924 | $1,373,755 |