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Nonprofiteer
← JACKSON COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by JACKSON COMMUNITY FOUNDATION.

Totals

Total revenue
$6,603,389
Total expenses
$3,247,048
Contributions and grants received
$2,895,146
Grants paid
$2,184,686
Program service revenue
$50,000
Investment income
$3,658,243
Other revenue
$0
Total assets, end of year
$55,101,901
Total liabilities, end of year
$2,835,663
Net assets or fund balances, end of year
$52,266,238
Program services expenses (Part IX)
$2,724,192
Management and general expenses
$390,218
Fundraising expenses
$132,638
Program service expenses (Part III)
$2,724,192

Program services were 83.9% 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)

    $25,000

  • 1f · All other contributions, gifts and grants

    $2,870,146

  • 1g · Noncash contributions included above

    $964,374

  • 2a · Program service revenue: Administration fee

    total $50,000 · related or exempt $50,000

  • 3 · Investment income

    total $1,149,905 · related or exempt $1,149,905

  • 7a · Gross sales of assets other than inventory

    securities $27,227,772

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

    securities $24,719,434

  • 7c · Gain or loss

    securities $2,508,338

  • 7d · Net gain or loss

    total $2,508,338 · related or exempt $2,508,338

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,987,379 · program services $1,987,379

  • 2 · Grants to domestic individuals

    total $197,307 · program services $197,307

  • 5 · Compensation of officers, directors and key employees

    total $150,685 · program services $45,206 · management and general $58,767 · fundraising $46,712

  • 7 · Other salaries and wages

    total $310,344 · program services $170,080 · management and general $111,958 · fundraising $28,306

  • 8 · Pension plan contributions

    total $14,358 · program services $8,398 · management and general $3,662 · fundraising $2,298

  • 9 · Other employee benefits

    total $28,781 · program services $13,077 · management and general $12,156 · fundraising $3,548

  • 10 · Payroll taxes

    total $34,600 · program services $16,248 · management and general $12,802 · fundraising $5,550

  • 11b · Fees: legal

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $57,625 · management and general $57,625

  • 11f · Fees: investment management

    total $155,769 · program services $155,769

  • 11g · Fees: other

    total $137,939 · program services $79,774 · management and general $58,165

  • 12 · Advertising and promotion

    total $17,048 · fundraising $17,048

  • 13 · Office expenses

    total $19,755 · program services $5,329 · management and general $5,233 · fundraising $9,193

  • 16 · Occupancy

    total $48,801 · program services $20,009 · management and general $20,984 · fundraising $7,808

  • 17 · Travel

    total $3,631 · management and general $3,631

  • 19 · Conferences, conventions and meetings

    total $18,951 · program services $11,542 · management and general $7,409

  • 22 · Depreciation, depletion and amortization

    total $7,937 · program services $3,254 · management and general $3,413 · fundraising $1,270

  • 23 · Insurance

    total $12,259 · program services $5,026 · management and general $5,272 · fundraising $1,961

  • 24a · Other expenses: Professional dues

    total $18,876 · management and general $18,876

  • 24b · Other expenses: Entertainment

    total $9,620 · program services $1,233 · fundraising $8,387

  • 24c · Other expenses: Bank service fees

    total $5,313 · management and general $5,313

  • 24d · Other expenses: Miscellaneous

    total $3,071 · program services $3,071

  • 24e · All other expenses

    total $5,999 · program services $1,490 · management and general $3,952 · fundraising $557

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,434 · end of year $963,990

  • 2 · Savings and temporary cash investments

    beginning of year $200,391 · end of year $119,771

  • 3 · Pledges and grants receivable

    beginning of year $18,158 · end of year $153,929

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,634 · end of year $6,797

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

    $67,478

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

    $37,525

  • 10c · Land, buildings and equipment, net

    beginning of year $37,889 · end of year $29,953

  • 11 · Investments: publicly traded securities

    beginning of year $37,841,049 · end of year $40,360,004

  • 12 · Investments: other securities

    beginning of year $6,779,430 · end of year $8,019,723

  • 15 · Other assets

    beginning of year $4,507,329 · end of year $5,447,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,788 · end of year $19,067

  • 18 · Grants payable

    beginning of year $26,976 · end of year $9,594

  • 21 · Escrow or custodial account liability

    end of year $2,425,056

  • 25 · Other liabilities

    beginning of year $223,217 · end of year $381,946

  • 27 · Net assets without donor restrictions

    beginning of year $43,408,606 · end of year $45,126,317

  • 28 · Net assets with donor restrictions

    beginning of year $5,889,727 · end of year $7,139,921

Mission and programs · 2024

Mission

We connect people and resources to causes that strengthen and build our community for Jackson for good forever.

Activities or mission (Part I)

The purpose of the Jackson Community Foundation is to connect people and resources to causes that strengthen and build our community. The Foundation does this by building permanent endowment funds to support its work as a community grantmaker and community leader.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,724,192 · Grants $2,184,686 · Revenue $50,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Sarah Ermatinger

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michelle Fowler

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Frew

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tobin Dunigan

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Victoria Moore

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeff Karmol

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rick Mills

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Nick Reynolds

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sheila Patterson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marcus Gill

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tovah Sheldon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carl Spaeth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kevin Sykes

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Renell Weathers

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Angela Wetherby

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rajanya Gosh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Fatima Bashir

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stuart Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Monica Moser

    President/CEO

    Total calculated
    $150,685
    From this org
    $143,510
    From related orgs
    $0
    Other
    $7,175
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,010
    Bonus
    $12,500
    Other
    $0
    Deferred
    $7,175
    Nontaxable benefits
    $0
    Filer's total
    $150,685

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202501329349304950

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.