Form 990 for tax year 2022
Filed by JEFFERSON ECONOMIC DEVELOPEMENT INSTITUTE.
Totals
- Total revenue
- $814,805
- Total expenses
- $849,563
- Contributions and grants received
- $801,361
- Grants paid
- $0
- Program service revenue
- $13,444
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $279,804
- Total liabilities, end of year
- $126,604
- Net assets or fund balances, end of year
- $153,200
- Program services expenses (Part IX)
- $746,692
- Management and general expenses
- $98,021
- Fundraising expenses
- $4,850
- Program service expenses (Part III)
- $746,692
Program services were 87.9% 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.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$537,003
-
1f · All other contributions, gifts and grants
$264,358
-
2a · Program service revenue: PROGRAM REVENUE
total $13,444 · related or exempt $13,444
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $86,419 · program services $77,777 · management and general $4,321 · fundraising $4,321
-
7 · Other salaries and wages
total $447,461 · program services $440,902 · management and general $6,559
-
10 · Payroll taxes
total $59,233 · program services $57,652 · management and general $1,267 · fundraising $314
-
11c · Fees: accounting
total $43,150 · management and general $43,150
-
11g · Fees: other
total $37,625 · program services $37,187 · management and general $438
-
12 · Advertising and promotion
total $7,691 · program services $7,685 · fundraising $6
-
13 · Office expenses
total $41,711 · program services $17,507 · management and general $24,203 · fundraising $1
-
14 · Information technology
total $27,700 · program services $23,865 · management and general $3,783 · fundraising $52
-
16 · Occupancy
total $46,901 · program services $46,041 · management and general $747 · fundraising $113
-
17 · Travel
total $6,033 · program services $5,859 · management and general $174
-
19 · Conferences, conventions and meetings
total $8,356 · program services $1,977 · management and general $6,379
-
20 · Interest
total $1,361 · management and general $1,361
-
23 · Insurance
total $8,496 · program services $4,693 · management and general $3,787 · fundraising $16
-
24a · Other expenses: EQUIPMENT
total $13,511 · program services $13,481 · management and general $24 · fundraising $6
-
24b · Other expenses: TELEPHONE & INTERNET
total $10,016 · program services $9,733 · management and general $262 · fundraising $21
-
24c · Other expenses: PROFESSIONAL DEVELOPMENT
total $3,899 · program services $2,333 · management and general $1,566
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,069 · end of year $101,029
-
4 · Accounts receivable
beginning of year $165,297 · end of year $171,316
-
9 · Prepaid expenses and deferred charges
beginning of year $5,304 · end of year $4,094
-
15 · Other assets
beginning of year $750 · end of year $3,365
-
17 · Accounts payable and accrued expenses
beginning of year $67,644 · end of year $26,604
-
19 · Deferred revenue
beginning of year $31,818
-
25 · Other liabilities
end of year $100,000
-
27 · Net assets without donor restrictions
beginning of year $87,911 · end of year $129,033
-
28 · Net assets with donor restrictions
beginning of year $100,047 · end of year $24,167
Mission and programs · 2022
Mission
JEDI'S MISSION IS TO INCREASE THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH CREATION. THROUGH THIS MISSION, JEDI IS ADDRESSING THE ROOT CAUSES OF RURAL POVERTY AND ECONOMIC DEVELOPMENT. SINCE 1996 IT HAS SUPPORTED OVER 6,700 PEOPLE IN GROWING A BUSINESS, CREATED 1,700 BUSINESSES AND JOBS, AND 70 HAVE RECEIVED FINANCING OF APPROXIMATELY 7.6 MILLION.
-
THE JEFFERSON ECONOMIC DEVELOPMENT INSTITUTE (JEDI) IS A NONPROFIT ORGANIZATION DEDICATED TO INCREASING THE ECONOMIC WELL-BEING OF PEOPLE AND COMMUNITIES THROUGH BUSINESS DEVELOPMENT AND LOCAL WEALTH CREATION. JEDI ASSISTS LOW AND MODERATE INCOME FAMILIES TO THRIVE FINANCIALLY BY BUILDING SUSTAINABLE BUSINESSES AND ASSETS. OVER THE PAST 27 YEARS, JEDI HAS SERVED OVER 14,000 INDIVIDUALS WHO STARTED OVER 1,300 BUSINESSES AND ADDED NEW JOBS IN THIS RURAL FRONTIER REGION OF NORTHERN CALIFORNIA. JEDI HAS BROUGHT CLOSE TO 8 MILLION INTO THE COUNTY IN SUPPORT OF SMALL BUSINESS DEVELOPMENT AND ASSISTED BUSINESSES TO ACQUIRE OVER 15,000,000 IN BUSINESS CAPITAL. JEDI HOSTS AN SBA-DESIGNATED WOMEN'S BUSINESS CENTER SINCE 2014 WHICH SERVES A 4-COUNTY REGION IN NORTHERN CA. JEDI ALSO HOSTS AN IRS-DESIGNATED FREE TAX PREPARATION SITE CALLED VITA (VOLUNTEER INCOME TAX ASSISTANCE). JEDI ALSO HOSTS THE MOUNT SHASTA FARMERS' MARKET SERVING RANCHERS AND FARMERS THROUGHOUT SISKIYOU COUNTY FOR THE LAST 25 YEARS.
Expenses $746,692 · Revenue $13,444
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
NANCY SWIFT
EXECUTIVE DI
- Total calculated
- $89,122
- From this org
- $88,097
- From related orgs
- $0
- Other
- $1,025
- Hours/week
- 40
-
ERIKA CARPENTER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
STACEY SANCHEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA CORDELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DANNA PRATER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202522139349300102
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