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Jephson Educational Tr 2 EIN 13-6777236

Jephson Educational Tr 2 FY2020 filing

EIN  13-6777236 Private foundation / grantmaker Chicago, IL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Chicago, IL. It reported about $351K in revenue for 2019.
Money in and out
$351K revenue, $623K expenses
Bottom line
—

A private foundation based in Chicago, IL. It reported about $351K in revenue for 2019. For fiscal year 2020 it reported $351K in revenue, $623K in expenses, and $9.0M in net assets.Pt I

Grants paid & assets · FY2020
Total revenue
$351K
Pt VIII · Ln 12
Total expenses
$623K
Pt IX · Ln 25
Net assets
$9.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$272K
Total assets
9.0M
deployed as grants and operations
Grants paid
462K
in FY2020
Grants made
36grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 36 grants · $487K · 2024–2024
Keuka CollegeNY · FY2024$127,000
Metropolitan Opera Association INCNY · FY2024$30,000
University of Vermont andFY2024$20,000
American Composers Orchestra INCNY · FY2024$20,000
New York Philharmonic- Symphony SocietyFY2024$20,000
Long Trail School INCVT · FY2024$20,000
Bach Choir of BethlehemPA · FY2024$17,500
National Technical InstituteFY2024$15,000
Norwich UniversityVT · FY2024$15,000
The Seeing Eye INCNJ · FY2024$14,400
New England Conservatory ofFY2024$10,000
Third Street Music SchoolFY2024$10,000
Elmira CollegeNY · FY2024$10,000
Tufts UniversityFY2024$10,000
Union Commonwealth UniversityKY · FY2024$10,000
Curtis Institute of MusicPA · FY2024$10,000
Midland Adult Services INCNJ · FY2024$10,000
Mount Saint Mary CollegeNY · FY2024$10,000
See all 36 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV24
Average grantPart XV$14K
Median grantPart XV$10K
Largest grantPart XV$127K
Top cause focusNTEEColleges & Universities (31%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$351K
FY2020
Expenses
$623K
FY2020
Total assets
$9.0M
FY2020
Total liabilities
$0
FY2020
Total revenue
$351K
Pt VIII · Ln 12
Total expenses
$623K
Pt IX · Ln 25
Net assets
$9.0M
Pt X · Ln 32
Total assetsPt II$9.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJephson Educational Tr 2
EINHdr · item D13-6777236
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Jephson Educational Tr 2 executive salaries →

Statement of Revenue

Part VIII
Investment income100%$351K
Total revenueLn 12$351K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.74 Operating & administrative $0.26
Grants & contributions paid74%$462K
Operating & administrative26%$161K
Total functional expensesLn 25$623K

Balance Sheet

Part X · end of year
CashLn 1$119K
Total assetsLn 16$9.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$9.0M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $9.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $351K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $351K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $351K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $9.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $351K · Expenses $623K
-77%
Liabilities-to-Assets
Total liabilities — · Total assets $9.0M
—
Net-asset ratio
Net assets $9.0M · Total assets $9.0M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $623K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$918K revenue · ⤓ 990 PDF
FY2024$305K revenue · ⤓ 990 PDF
FY2023$552K revenue · ⤓ 990 PDF
FY2022$477K revenue · ⤓ 990 PDF
FY2021$419K revenue · ⤓ 990 PDF
FY2020$351K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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