Form 990 for tax year 2024

Totals

Total revenue

$2,586,299

Total expenses

$1,437,851

Contributions and grants received

$2,421,001

Grants paid

$1,242,868

Program service revenue

$0

Investment income

$165,298

Other revenue

$0

Total assets, end of year

$4,704,151

Total liabilities, end of year

$115,605

Net assets or fund balances, end of year

$4,588,546

Program services expenses (Part IX)

$1,271,916

Management and general expenses

$165,935

Fundraising expenses

$0

Program service expenses (Part III)

$1,271,916

Program services were 88.5% 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 · 2024

• THE JCPENNEY FOUNDATION ("THE 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. THE FOUNDATION IS CURRENTLY ORGANIZED AND OPERATED TO CELEBRATE AND SERVE AMERICA'S DIVERSE, WORKING FAMILIES TODAY BY OFFERING ACCESS TO SKILL-BUILDING AND RESOURCES 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 $1,271,916 · Grants $1,242,868

As filed on the 2024 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

• FEEDING AMERICA

  $175,000

  THIS DONATION IS TO SUPPORT FEEDING AMERICA'S CHILD HUNGER PROGRAMMING.

• EMERGENCY ASSISTANCE FOUNDATION

  $22,300

  TO PROVIDE GRANTS TO ASSOCIATES IN NEED.

• HOUSTON FOOD BANK

  $20,000

  FOOD NEEDS OF THE HOUSTON COMMUNITY IN THE AFTERMATH OF HURRICANE BERYL.

• LITTLE LAMBS

  $14,193

  GENERAL SUPPORT OF LOCAL COMMUNITY

• BOYS AND GIRLS CLUBS OF NORTHWEST NEW JERSEY INC

  $11,750

  GENERAL SUPPORT OF LOCAL COMMUNITY

• BOYS & GIRLS CLUB OF LYNN

  $11,330

  GENERAL SUPPORT OF LOCAL COMMUNITY

• BOYS & GIRLS CLUBS OF SOUTHEASTERN NC

  $11,315

  GENERAL SUPPORT OF LOCAL COMMUNITY

• BOYS & GIRLS CLUB OF TOLEDO

  $10,984

  GENERAL SUPPORT OF LOCAL COMMUNITY

• BOYS & GIRLS CLUB OF WHITTIER INC

  $10,719

  GENERAL SUPPORT OF LOCAL COMMUNITY

• J C PENNEY HOMESTEAD INC

  $10,000

  SUPPORTING THE OPERATION AND MAINTENANCE OF THE JAMES CASH PENNEY HOMESTEAD AND MUSEUM IN KEMMERER, WY.

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

2024

Filed

17 November 2025

IRS schema version

2024v5.2

Source object

202513219349320756

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

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