The Malcolm Jenkins Foundation

Tax-deductible

Columbus, OH501(c)(3)Youth DevelopmentEIN 27-2996623Revenue $299K in FY2024

On file with the IRSthemalcolmjenkinsfoundation.org65 E State St Ste 1800, 43215-4295 · Columbus, OHTax-exempt since Mar 2011Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation's mission is to effectuate positive change in the lives of youth, particularly those in underserved communities.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
Run by 124 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $33K a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 10% of spending
Top officer’s pay lower than 79% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $140K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+11% vs prior year
Spent
$295K
To programs
43%
Net assets
$64K
By yearFY2020–FY2024
Revenue
$299K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$444K
FY2021$130K
FY2022$107K
FY2023$269K
FY2024$299K
Expenses
$295K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$293K
FY2021$275K
FY2022$278K
FY2023$276K
FY2024$295K
Net assets
$64K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$381K
FY2021$237K
FY2022$66K
FY2023$59K
FY2024$64K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2011.

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

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $126K Management & general 57% · $168K

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

5 people listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$29,167Pt VII · Sec A
Parliamentarian
$0Pt VII · Sec A
Founder & Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Gwendolyn V Jenkins’s $29K as President & CEO is at the 21st percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See The Malcolm Jenkins 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

Empowering underserved youth through positive life changes.

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Provided by the organization

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3 programs · $126K · in their own filed words · FY2024
01

Signature community outreach event get ready fest 2024THE get ready festevent, held in camden, new jersey on august 17, 2024, provided a one-day community outreach in which 1000 pre-identified families received 60LBS food, fresh produce, health & wellness screenings and services, school supplies, and other essential supports from a…

$79Kprogram expense
02

Holiday dinner basket surprise 2024- philadelphia, pa in 2024, the malcolm jenkins foundation continued its commitment to uplifting families during the holiday season through the holiday dinner basket surprise INITIATIVE.NUMBER of PERSONS/ families benefitted 280 families representing more than 1,200 individuals received complete holiday…

$35Kprogram expense
03

Financial literacy / closing the wealth gap programthe program supports the fiscal-skills, investing, CREDIT/DEBT topics, etc. The malcolm jenkins foundation and money vehicle LLC (MV) partnership brings an enhanced financial literacy curriculum to empower high school students in philadelphia, pa, camden, NJ, columbus, oh, newark, NJ as…

$12Kprogram expense

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 3 funders$140K
See all 3 funders →
Grants paid · 4 grants · $179K · 2020–2023
Unitemized GrantFY2022$33,000
Unitemized GrantFY2021$24,000
Unitemized GrantFY2020$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$299K
Money outPt IX
$295K
Ln 25
Programscol B$126K
Managementcol C$168K
Owns and owesPt X
$64K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$64K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$299K
Noncash giftsLn 1g$21K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$64K
LiabilitiesLn 26$0
Net assetsLn 32$64K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6124
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$56K$56K
Land, buildings, equipmentLn 10c$770$0
Total assetsLn 16$59K$64K
LiabilitiesLn 26$0$0
Net assetsLn 32$59K$64K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$29K$29K
Other salaries and wagesLn 7$8K$8K
Payroll taxesLn 10$4K$4K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$18K$18K
Information technologyLn 14$66K$66K
OccupancyLn 16$12K$12K
TravelLn 17$7K$7K
Depreciation, depletion and amortizationLn 22$770$770
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$137K$126K$12K
All other expensesLn 24e$716$716
Total functional expensesLn 25$295K$126K$168K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $299K$295K$5K$64K 990 PDF
FY2023 $269K$276K−$7K$59K 990 PDF
FY2022 $107K$278K−$171K$66K 990 PDF
FY2021 $130K$275K−$145K$237K 990 PDF
FY2020 $444K$293K$151K$381K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $299,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $274,827$299,466
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$6,007$0
I-12 Total revenuePrior year $268,820$299,466
I-13 Grants and similar amounts paidPrior year $102,250$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$41,812
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $173,872$252,789
I-18 Total expensesPrior year $276,122$294,601
I-19 Revenue less expensesPrior year −$7,302$4,865
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $299,466 across 4 lines filed
VIII-1f All other contributions, gifts and grants$299,466
VIII-1g Noncash contributions (included above)$20,900
VIII-1h Total contributions, gifts and grants$299,466
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$299,466
Part IX · Statement of functional expenses $294,601 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $29,167$29,167
IX-7 Other salaries and wagesManagement $8,400$8,400
IX-10 Payroll taxesManagement $4,245$4,245
IX-12 Advertising and promotionManagement $6,612$6,612
IX-13 Office expensesManagement $17,552$17,552
IX-14 Information technologyManagement $66,153$66,153
IX-16 OccupancyManagement $11,560$11,560
IX-17 TravelManagement $7,202$7,202
IX-22 Depreciation, depletion and amortizationManagement $770$770
IX-23 InsuranceManagement $4,992$4,992
IX-24 Other expenses (24a–d)Programs $125,555 · Management $11,677$137,232
IX-24e All other expensesPrograms $716$716
IX-25 Total functional expensesPrograms $126,271 · Management $168,330 · Fundraising $0$294,601
Part X · Balance sheet $63,572 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $56,137$55,642
X-8 Inventories for sale or use$6,130
X-10c Land, buildings and equipment, netStart of year $770$0
X-15 Other assetsStart of year $1,800$1,800
X-16 Total assetsStart of year $58,707$63,572
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $58,707$63,572
X-32 Total net assets or fund balancesStart of year $58,707$63,572
X-33 Total liabilities and net assetsStart of year $58,707$63,572
Part XI · Reconciliation of net assets $63,572 net assets at year end
XI-1 Total revenue$299,466
XI-2 Total expenses$294,601
XI-3 Revenue less expenses$4,865
XI-4 Net assets at start of year$58,707
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$63,572

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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