Form 990 for tax year 2022

Totals

Total revenue

$1,255,628

Total expenses

$983,377

Contributions and grants received

$1,243,567

Grants paid

$778,125

Program service revenue

$0

Investment income

$12,061

Other revenue

$0

Total assets, end of year

$3,199,674

Total liabilities, end of year

$78,660

Net assets or fund balances, end of year

$3,121,014

Program services expenses (Part IX)

$795,790

Management and general expenses

$187,587

Fundraising expenses

$0

Program service expenses (Part III)

$795,790

Program services were 80.9% 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.

Mission and programs · 2022

• THE JCPENNEY FOUNDATION WAS ESTABLISHED ON OCTOBER 15, 2001 TO PROVIDE CHILDREN WITH HIGH QUALITY, AFFORDABLE AFTER-SCHOOL PROGRAMS TO HELP THEM REACH THEIR FULL POTENTIAL. THROUGH COLLABORATION, FUNDING, AND VOLUNTEER SUPPORT, THE FOUNDATION WORKED WITH NATIONAL PROVIDERS OF AFTER-SCHOOL CARE TO RAISE AWARENESS OF THE NEED FOR AFTER-SCHOOL PROGRAMS AND TO MAINTAIN AND INCREASE THE NUMBER OF PROGRAMS AVAILABLE IN ORDER TO HAVE THE CHILDREN POWER THEIR POTENTIAL.THE JCPENNEY FOUNDATION IS CURRENTLY ORGANIZED AND OPERATED TO CELEBRATE AND SERVE AMERICA'S DIVERSE, WORKING FAMILIES TODAY BY OFFERING ACCESS TO SKILL-BUILDING AND RESOURCED THAT ALLOW EVERYONE TO THRIVE. TO MEET THIS GOAL, THE FOUNDATION INVESTS IN LEADING NONPROFITS MAKING STRIDES IN THREE CRITICAL AREAS: JOB READINESS, HEALTH & WELL BEING AND INCLUSIVE ACCESS TO EDUCATION.

  Expenses $795,790 · Grants $778,125

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• BOYS GIRLS CLUBS OF AMERICA

  $81,000

  A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT.

• MENTAL HEALTH AMERICA

  $50,000

  THIS DONATION SUPPORTS YOUTH MENTAL HEALTH LEADERS PROGRAMMING FROM SEPTEMBER 1, 2022 JULY 31, 2023.

• CAMP GOOD DAYS

  $15,133

  A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT.

• BOYS & GIRLS CLUBS OF CENTRAL NEW MEXICO

  $11,233

  A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT.

• BOYS AND GIRLS CLUBS OF SOUTHERN MAINE

  $10,701

  A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT.

• JAMES J BUQUET JR BAYOULAND YMCA

  $10,369

  A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT.

• ASSISTANCE LEAGUE OF VISALIA

  $10,010

  A JCPENNEY STORE GENERAL MANAGER OR DISTRICT MANAGER SELECTS A LOCAL NONPROFIT PARTNER TO RECEIVE A LEADER GRANT.

• ASSISTANCE LEAGUE OF GREATER COLLINUS

  $10,000

  THIS DONATION SUPPORTS THEIR MISSION OF TRANSFORMING THE LIVES OF CHILDREN AND ADULTS IN THE COMMUNITES THEY SERVE.

• FASHION INSTITUTE OF TECHNOLOGY FOUNDATON

  $10,000

  THIS DONATION TO THE FASHION INSTITUTE OF TECHNOLOGY FOUNDATION BENEFITS THE CHRIS MADDEN SCHOLARSHIP FUND. THIS DONATION CELEBRATES THE LIFE AND CAREER OF DESIGNER CHRIS MADDEN, A VALUED JCPENNEY BRAND PARTNER.

• J C PENNEY HOMESTEAD INC

  $10,000

  THIS DONATION TO THE FASHION INSTITUTE OF TECHNOLOGY FOUNDATION BENEFITS THE CHRIS MADDEN SCHOLARSHIP FUND. THIS DONATION CELEBRATES THE LIFE AND CAREER OF DESIGNER CHRIS MADDEN, A VALUED JCPENNEY BRAND PARTNER

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2022

Filed

15 November 2023

IRS schema version

2022v5.0

Source object

202303199349307480

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.