Organization's mission or most significant activities is to provide support to: 1) accredited public and parochial schools, colleges, and universities by providing funds to qualified educational institutions; 2) qualified charitable organizations, particularly those that care for and support individuals in need; 3) qualified churches and church missions; 4) foreign organizations which have resonable determined to be organized and operated as an irc sec. 501(c)(3) organization and in good faith determined to be described in irc sec. 509(a)(1), (2), or (3) or for which the corporation will assume expenditure responsibility in accordance with the requirements of irc sec. 4945(h) and the regulaations thereunder for one or more purposes described in irc sec. 170(c)(2)(b); and/or 5) non-exempt domestic organizations the corporation will assume expenditure responsibility for in accordance with the requirements of irc sec. 4945(h) and the regulations thereunder for one or more purposes describ

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $72K a year · 19% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$267
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 9 voting members
Worth a look: 1 of 9 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$581K
+75% vs prior year
Spent
$581K
To programs
92%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$581K
FY2025▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2020$277K
FY2021$493K
FY2023$232K
FY2024$332K
FY2025$581K
Expenses
$581K
FY2025▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$504K
FY2021$230K
FY2023$451K
FY2024$508K
FY2025$581K
Net assets
$1.8M
FY2025+0.01%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.5M
FY2023$1.9M
FY2024$1.8M
FY2025$1.8M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $534K Management & general 8% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Jernigan Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds accredited schools, colleges, universities, and charitable organizations.

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3 programs · $534K · in their own filed words · FY2024
01

Distributed grants to qualified charitable organizations, particularly those that care for and support individuals in need.

$534Kprogram expense
02

Distributed grants to foreign organizations which ahve been reasonably determined to be organized and operated as an irc section 501(c)(3) organization and in good faith determined to be described in irc section 506(a)(1), (2), or (3) or for which the corporation will assume expenditure responsibility in accordance with the requirements…

Pt IX · col B
03

Distributed grants to accredited public and parochial schools, colleges and universities by providing funds to qualified educational institutions.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 11 grants · $161K · 2019–2020
The Heart of Lebanon INCIN · FY2020$23,000
National Christian FoundationFY2020$21,176
Atk International INCKS · FY2020$20,000
Street Business SchoolCO · FY2020$15,000
Individual RecipientFY2020$10,000
Freedom Firm USAVA · FY2020$10,000
Individual RecipientFY2020$9,074
Homeless Backpacks INCWA · FY2019$7,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$581K
Ln 12
Gifts and grantsLn 1h$426K
Investment incomeLn 3$154K
Money outPt IX
$581K
Ln 25
Programscol B$534K
Managementcol C$47K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$280K
Total assetsLn 16$1.8M
LiabilitiesLn 26$267
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Investment incomeLn 3$154K
Gains on assetsLn 7$0
Total revenueLn 12$581K
Assets in detailPt X, end of year
CashLn 1$280K
SavingsLn 2$0
Cash and savings togetherLn 1–2$280K
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.8M
LiabilitiesLn 26$267
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$288K$280K
InvestmentsLn 11–13$1.5M$1.5M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$13$267
Net assetsLn 32$1.8M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$534K$534K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$4K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$0
Total functional expensesLn 25$581K$534K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $581K$581K$264$1.8M 990 PDF
FY2024 $332K$508K−$176K$1.8M 990 PDF
FY2023 $232K$451K−$220K$1.9M 990 PDF
FY2022 Not on file
FY2021 $493K$230K$262K$2.5M 990 PDF
FY2020 $277K$504K−$227K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $580,858 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $280,855$426,478
I-9 Program service revenuePrior year $8,000$0
I-10 Investment incomePrior year $43,514$154,380
I-11 Other revenue$0
I-12 Total revenuePrior year $332,369$580,858
I-13 Grants and similar amounts paidPrior year $460,584$533,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $47,398$47,094
I-18 Total expensesPrior year $507,982$580,594
I-19 Revenue less expensesPrior year −$175,613$264
Part VI · Governance 1 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $580,858 across 8 lines filed
VIII-1f All other contributions, gifts and grants$426,478
VIII-1h Total contributions, gifts and grants$426,478
VIII-3 Investment incomeRelated to mission $154,380$154,380
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $154,380$580,858
Part IX · Statement of functional expenses $580,594 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $533,500$533,500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,136$3,136
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $21,900$21,900
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $3,580$3,580
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $18,478$18,478
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $533,500 · Management $47,094 · Fundraising $0$580,594
Part X · Balance sheet $1,778,783 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $287,629$279,566
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,490,636$1,499,217
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,778,265$1,778,783
X-17 Accounts payable and accrued expensesStart of year $13$267
X-26 Total liabilitiesStart of year $13$267
X-32 Total net assets or fund balancesStart of year $1,778,252$1,778,516
X-33 Total liabilities and net assetsStart of year $1,778,265$1,778,783
Part XI · Reconciliation of net assets $1,778,516 net assets at year end
XI-1 Total revenue$580,858
XI-2 Total expenses$580,594
XI-3 Revenue less expenses$264
XI-4 Net assets at start of year$1,778,252
XI-10 Net assets at end of year$1,778,516

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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