Cactus Jack Foundation Inc
- Assets
- $2.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3607550
Organization Overview
Cactus Jack Foundation Inc is located in Los Angeles, CA. 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. Cactus Jack 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 12/2022, Cactus Jack Foundation Inc generated $3.0m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 63.3% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOSTS AN ANNUAL SCHOOL SUPPLY DRIVE FOR TEACHERS IN THE HOUSTON, TEXAS AREA. IN 2022, THE FOUNDATION PROVIDED SCHOOL SUPPLIES FOR OVER 1,000 HOUSTON TEACHERS.
THE FOUNDATION HOSTS AN ANNUAL CHRISTMAS TOY DRIVE IN THE HOUSTON, TEXAS AREA. IN 2022, THE FOUNDATION DISTRIBUTED TOYS TO 1,000 HOUSTON FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacques Webster II President/director | 1 | $0 | |
Wanda Webster Secretary/director | 5 | $0 | |
David Stromberg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| 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 | $3,000,000 |
| 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 | $1,359 |
| Printing and publications | $0 |
| Other expenses | $158,514 |
| Total operating and administrative expenses | $287,707 |
| Contributions, gifts, grants paid | $1,100,000 |
| Total expenses and disbursements | $1,387,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,832 |
| 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 | $2,066,832 |
| 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, Cactus Jack Foundation Inc has awarded $1,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC ART FUND PURPOSE: DOZIE EXHIBIT | $100,000 |
HBCU FOUNDATION INC PURPOSE: PROVIDE 100 $10,000 SCHOLARSHIPS TO GRADUATING SENIORS AT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. | $1,000,000 |