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Nonprofiteer
← JEVS FOUNDATION

Form 990 for tax year 2024

Filed by JEVS FOUNDATION.

Totals

Total revenue
$493,491
Total expenses
$147,743
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$54,700
Investment income
$438,791
Other revenue
$0
Total assets, end of year
$21,353,266
Total liabilities, end of year
$241,838
Net assets or fund balances, end of year
$21,111,428
Program services expenses (Part IX)
$21,806
Management and general expenses
$125,937
Fundraising expenses
$0
Program service expenses (Part III)
$21,806

Program services were 14.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $54,700 · related or exempt $54,700

  • 3 · Investment income

    total $641,405 · excluded $641,405

  • 7a · Gross sales of assets other than inventory

    securities $2,259,645

  • 7b · Less cost or other basis and sales expenses

    securities $2,462,259

  • 7c · Gain or loss

    securities -$202,614

  • 7d · Net gain or loss

    total -$202,614 · excluded -$202,614

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $5,788 · management and general $5,788

  • 11f · Fees: investment management

    total $14,300 · management and general $14,300

  • 11g · Fees: other

    total $5,279 · management and general $5,279

  • 13 · Office expenses

    total $250 · management and general $250

  • 22 · Depreciation, depletion and amortization

    total $21,806 · program services $21,806

  • 23 · Insurance

    total $100,320 · management and general $100,320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $422,258 · end of year $73,651

  • 2 · Savings and temporary cash investments

    beginning of year $2,727,691 · end of year $819,925

  • 4 · Accounts receivable

    beginning of year $61,161 · end of year $655

  • 9 · Prepaid expenses and deferred charges

    end of year -$75

  • 10a · Land, buildings and equipment: cost or other basis

    $1,167,710

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,053,270

  • 10c · Land, buildings and equipment, net

    beginning of year $136,246 · end of year $114,440

  • 11 · Investments: publicly traded securities

    beginning of year $18,692,667 · end of year $19,890,555

  • 15 · Other assets

    beginning of year $0 · end of year $454,115

  • 18 · Grants payable

    beginning of year $2,618,479 · end of year $3,110

  • 19 · Deferred revenue

    beginning of year $1,000 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $175,996 · end of year $237,728

  • 27 · Net assets without donor restrictions

    beginning of year $19,244,548 · end of year $21,111,428

Mission and programs · 2024

Mission

SEE DESCRIPTION ON SCHEDULE OJEVS FOUNDATION IS A NONPROFIT CORPORATION WHOSE PURPOSE IS TO SUPPORT AND FURTHER THE CHARITABLE MISSION OF JEVS HUMAN SERVICES. JEVS FOUNDATION ALSO HOLDS INVESTMENTS AND ACQUIRES AND HOLDS PROPERTY FOR JEVS HUMAN SERVICES AND ITS AFFILIATES.

Activities or mission (Part I)

TO SUPPORT & FURTHER THE CHARITABLE MISSION OF JEVS HUMAN SERVICES & ITS AFFILIATES

  • TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM, AND DISTRIBUTE SUCH SUMS AS DETERMINED BY ITS BOARD OF DIRECTORS, TO JEVS HUMAN SERVICES AND/OR ITS AFFILIATES, OR IF SUCH CORPORATION CEASES TO EXIST OR IS NO LONGER EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEN TO TURN OVER ITS INCOME TO ANOTHER ORGANIZATION WITH SIMILAR EXEMPT PURPOSES WHICH IS ALSO EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

    Expenses $21,806 · Revenue $54,700

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nina Abbott

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Levine

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Denise Portner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia F Figueroa

    PRESIDENT AND CEO

    Total calculated
    $498,649
    From this org
    $0
    From related orgs
    $397,885
    Other
    $100,764
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,000 related
    Bonus
    $0 + $54,001 related
    Other
    $0 + $5,884 related
    Deferred
    $0 + $46,720 related
    Nontaxable benefits
    $0 + $54,044 related
    Filer's total
    $0 + $498,649 related

  • Philip J Moran

    CHIEF FINANCIAL OFFICER

    Total calculated
    $374,036
    From this org
    $0
    From related orgs
    $313,494
    Other
    $60,542
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,542 related
    Bonus
    $0 + $39,905 related
    Other
    $0 + $4,047 related
    Deferred
    $0 + $33,907 related
    Nontaxable benefits
    $0 + $26,635 related
    Filer's total
    $0 + $374,036 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
JEVS FOUNDATION DID NOT COMPENSATE ANY INDIVIDUAL THAT MEETS THE IRS DEFINITION OR OFFICER OR KEY EMPLOYEE. ALL COMPENSATION LISTED ON SCHEDULE J, PART II, WAS PAID BY A RELATED PARTY. THE RELATED PARTY UNDERWENT A COMPENSATION REVIEW PROCESS THAT INCLUDED THE USE OF: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, AND APPROVAL BY THE BOARD OF DIRECTORS / COMPENSATION COMMITTEE OF THE RELATED PARTY.
PART I, LINE 4B
JEVS HUMAN SERVICES (JEVS), A RELATED PARTY, MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER INTERNAL REVENUE CODE SECTION 457(F). THE PLAN PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS FOR A SELECT GROUP OF SENIOR MANAGEMENT EMPLOYEES AS PART OF AN OVERALL COMPENSATION PROGRAM INTENDED TO SUPPORT THE RECRUITMENT AND RETENTION OF SENIOR LEADERS WITH DEMONSTRATED ABILITY, EXPERIENCE, AND COMMITMENT TO THE ORGANIZATION. ALL CONTRIBUTIONS TO THE PLAN ARE NON-ELECTIVE CONTRIBUTIONS MADE BY JEVS ON BEHALF OF PARTICIPANTS. ASSETS SUPPORTING THE PLAN ARE HELD IN AN IRREVOCABLE RABBI TRUST AND REMAIN SUBJECT TO CLAIMS OF JEVS' GENERAL CREDITORS IN THE EVENT OF INSOLVENCY. PARTICIPANTS BECOME VESTED IN THEIR ACCOUNT BALANCES AFTER FIVE YEARS OF PARTICIPATION IN THE PLAN OR UPON REACHING AGE 65. NOTWITHSTANDING THE FOREGOING, A PARTICIPANT'S ACCOUNT REMAINS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE FOR THE SIX-MONTH PERIOD FOLLOWING THE PARTICIPANT'S DATE OF SEPARATION. DURING THAT PERIOD, THE PARTICIPANT MUST BE AVAILABLE TO PROVIDE INDEPENDENT CONTRACTOR CONSULTING SERVICES OF THE TYPE ORDINARILY PROVIDED BY A SENIOR EXECUTIVE OF JEVS. A PARTICIPANT WHO SEPARATES FROM SERVICE PRIOR TO BECOMING VESTED, OR WHO DOES NOT SATISFY THE POST-SEPARATION CONSULTING SERVICES REQUIREMENT, FORFEITS THE PARTICIPANT'S ACCOUNT BALANCE. FORFEITED AMOUNTS MAY BE USED TO REDUCE FUTURE EMPLOYER CONTRIBUTIONS TO THE PLAN. THE BELOW INDIVIDUALS PARTICIPATED IN A 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN AND RECEIVED A CURRENT YEAR BENEFIT, WHICH HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN C, THE AMOUNTS ARE AS FOLLOWS: - CYNTHIA F. FIGUEROA: $40,440 - PHILIP J. MORAN: $18,481

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202611329349307751

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