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← JARC FOUNDATION

Form 990 for tax year 2022

Filed by JARC FOUNDATION.

Totals

Total revenue
$112,274
Total expenses
$62,326
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$112,274
Other revenue
$0
Total assets, end of year
$7,016,717
Total liabilities, end of year
$368,331
Net assets or fund balances, end of year
$6,648,386
Program services expenses (Part IX)
$0
Management and general expenses
$62,326
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $79,094 · excluded $79,094

  • 7a · Gross sales of assets other than inventory

    securities $35,400

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

    securities $2,220

  • 7c · Gain or loss

    securities $33,180

  • 7d · Net gain or loss

    total $33,180 · excluded $33,180

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $62,326 · management and general $62,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64 · end of year $202,061

  • 12 · Investments: other securities

    beginning of year $5,947,116 · end of year $6,814,656

  • 25 · Other liabilities

    beginning of year $108,733 · end of year $368,331

  • 28 · Net assets with donor restrictions

    beginning of year $5,838,447 · end of year $6,648,386

Mission and programs · 2022

Mission

TO RECEIVE AND ADMINISTER ENDOWMENT FUNDS AND PROPERTY AND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF JARC, A 501(C)(3) CHARITABLE ORGANIZATION THAT PROVIDES SHELTER, CARE AND SUPPORT TO DEVELOPMENTALLY DISABLED INDIVIDUALS.

  • SUPPORTING JARC, A 501(C)(3) ORGANIZATION, IN ITS MISSION TO PROVIDE CARE IN GROUP HOMES AND INDEPENDENT LIVING SETTINGS FOR ADULTS, AND RESPITE SERVICES WITHIN THE FAMILY HOME FOR CHILDREN, TEENS, AND YOUNG ADULTS.

As filed on the 2022 return.

Listed in Part VII

  • JOSHUA TOBIAS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 19.5 related
  • JOANNE ARONOVITZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • ADAM JAHNKE

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 0.5 related
  • SHAINDLE BRAUNSTEIN

    CEO

    Total calculated
    $246,881
    From this org
    $0
    From related orgs
    $213,146
    Other
    $33,735
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,146 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,500 related
    Nontaxable benefits
    $0 + $14,235 related
    Filer's total
    $0 + $246,881 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
COMPENSATION OF THE CEO IS SET BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEWS AND MAKES CHANGES BASED UPON PERFORMANCE AND CONSISTENT WITH MARKET RATES PAID TO CEOS OPERATING SIMILARLY SIZED AND COMPLEX ORGANIZATIONS. THE SALARIES OF OTHER KEY EMPLOYEES ARE SET BY THE CEO.

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.

  • KATRIN STREET NON-PROFIT HOUSING CORP

    501(C)(2) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • BROADVIEW DRIVE NON-PROFIT HOUSING CORP

    501(C)(2) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • JARC

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

  • JARC PROPERTIES I

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • JARC PROPERTIES II

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • JARC PROPERTIES III

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • JARC PROPERTIES IV

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • JARC PROPERTIES V

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

  • JARC PROPERTIES VI

    501(C)(3) · HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS · MI

    Directly controlled by JARC

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202412279349300626

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