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Nonprofiteer
← JUNIOR LEAGUE OF JACKSON KEYSTONE FUND INC

Form 990 for tax year 2023

Filed by JUNIOR LEAGUE OF JACKSON KEYSTONE FUND INC.

Totals

Total revenue
$1,968,958
Total expenses
$1,499,377
Contributions and grants received
$1,849,361
Grants paid
$1,482,693
Program service revenue
$0
Investment income
$119,597
Other revenue
$0
Total assets, end of year
$3,325,925
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,325,925
Program services expenses (Part IX)
$1,482,693
Management and general expenses
$16,684
Fundraising expenses
$0
Program service expenses (Part III)
$1,482,693

Program services were 98.9% 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.

  • 1d · Related organizations

    $1,842,090

  • 1f · All other contributions, gifts and grants

    $7,271

  • 3 · Investment income

    total $102,380 · excluded $102,380

  • 7a · Gross sales of assets other than inventory

    securities $2,483,314

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

    securities $2,466,097

  • 7c · Gain or loss

    securities $17,217

  • 7d · Net gain or loss

    total $17,217 · excluded $17,217

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,482,693 · program services $1,482,693

  • 11f · Fees: investment management

    total $16,684 · management and general $16,684

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $637,772 · end of year $1,495,262

  • 3 · Pledges and grants receivable

    beginning of year $74,152 · end of year $43,530

  • 11 · Investments: publicly traded securities

    beginning of year $1,938,147 · end of year $1,787,133

  • 27 · Net assets without donor restrictions

    beginning of year $2,650,071 · end of year $3,325,925

Mission and programs · 2023

Mission

TO SECURE THE LONG-TERM FINANCIAL FUTURE OF THE JUNIOR LEAGUE OF JACKSON MS, INC. THE KEYSTONE FUND WILL HOLD AND INVEST FUNDS FOR THE BENEFIT OF THE LEAGUE AND DISTRIBUTE FUNDS THAT WILL BE USED TO SUPPORT THE LEAGUE IN MEETING ITS MISSION.

Activities or mission (Part I)

TO SECURE THE LONG-TERM FINANCIAL FUTURE OF THE JUNIOR LEAGUE OF JACKSON MS, INC.

  • THE KEYSTONE FUND ENSURES THAT PERMANENT FUNDING EXISTS TO SUPPORT THE WORK, PROJECTS AND INITIATIVES, AND MISSION OF THE LEAGUE. THE ULTIMATE OBJECTIVE IS TO GROW A FUND SO THAT IT WILL BE SUBSTANTIAL ENOUGH TO SUPPORT THE LEAGUE IN THE EVENT OF A DECLINE IN SPONSORSHIPS OR A SHORTFALL IN THE LEAGUE'S FUND DEVELOPMENT BUSINESSES. THE JUNIOR LEAGUE OF JACKSON HOPES TO STEADILY GROW THE KEYSTONE FUND THROUGH TAX-DEDUCTIBLE DONATIONS AND TAX-WISE PLANNED GIVING, INCLUDING GIFTS MADE TO THE KEYSTONE FUND THROUGH WILLS AND ESTATE PLANNING.

    Expenses $1,482,693 · Grants $1,482,693

As filed on the 2023 return.

Listed in Part VII

  • JEFF WILSON

    COMMUNITY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WALTER NEELY

    COMMUNITY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MOLLY GRIFFIN

    FUND DEVELOPMENT VP

    Total calculated
    $0
    Hours/week
    5 + 20 related

  • BETHANY SMITH

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KAITLYN VASSAR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • AMANDA GREEN

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • MARY LINLEY SWEAT

    SUSTAINER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELANIE MORGAN

    SUSTAINER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TISH HUGHES

    SUSTAINER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAITLIN FOREMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 20 related

  • KOBY WOFFORD

    TREASURER ELECT

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • MARGARET CUPPLES

    SUSTAINER TRUSTEE

    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202511269349301596

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