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The J127 Foundation

Tax-deductible

Fairfax, VA501(c)(3)Since 2003HousingEIN 45-0523312

The j127 foundation serves as a supporting organization to the j127 education foundation. This support includes making contributions to the organization, as needed, to support its mission, and guaranteeing debt of the supported organization as needed.

501(c)(3) charity; gifts are tax-deductible.
33¢ 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 6
filings with a surplus
Average surplus $1.7M a year · 82% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
×12 vs prior year
Spent
$340K
To programs
33%
Net assets
$22.9M
By yearFY2020–FY2025
Revenue
$13.2M
FY2025▲ ×12
Revenue by fiscal year
FY2020$288K
FY2021−$1.8M
FY2022$102K
FY2023−$249K
FY2024$1.1M
FY2025$13.2M
Expenses
$340K
FY2025+0.2%
Expenses by fiscal year
FY2020$691K
FY2021$373K
FY2022$258K
FY2023$284K
FY2024$340K
FY2025$340K
Net assets
$22.9M
FY2025▲ +129%
Net assets by fiscal year
FY2020$11.0M
FY2021$9.9M
FY2022$8.5M
FY2023$8.9M
FY2024$10.0M
FY2025$22.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2005.

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

Where the money goes

33 cents of each dollar spent went to programs.

Program services 33% · $113K Management & general 67% · $227K

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

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
Christin Soly
Treasurer/Secretary/Executive Director (merritt)
$0Pt VII · Sec A
Stephen Roberson
Director of Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy Feather
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The J127 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

Provides financial and debt guarantees to support educational initiatives.

Provided by the organization

This section is blank until The J127 Foundation claims this page.

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1 program service account for $113K of program spending, described in the organization's own filed words · FY2024.
01

The Foundation provides funding to the operations of The J127 Education Foundation. The Foundation also provides contributions to The J127 Education Foundations Parent/Teacher Organizations.

$113Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $420K · 2019–2024
Merritt Academy Parent Teacher OrganizationVA · FY2024$77,229
Appletree PTOVA · FY2024$19,819
First Steps Academy Parent Teacher OrgFY2024$16,225
First Steps Academy Parent Teacher OrgFY2023$49,415
Merritt Academy Parent Teacher OrganizationVA · FY2023$43,263
Appletree PTOVA · FY2023$21,703
Merritt Academy Parent Teacher OrganizationVA · FY2022$43,023
Appletree PTOVA · FY2022$20,860
Merritt Academy Parent Teacher OrganizationVA · FY2021$10,728
Merritt Academy Parent Teacher OrganizationVA · FY2020$83,883
The J127 Education FoundationVA · FY2019$33,459

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$13.2M
Ln 12
Gifts and grantsLn 1h$12.0M
Investment incomeLn 3$1.2M
Money outPt IX
$340K
Ln 25
Programscol B$113K
Managementcol C$227K
Owns and owesPt X
$22.9M
net assets · Ln 32
Cash and savingsLn 1–2$648K
Total assetsLn 16$22.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.0M
Noncash giftsLn 1g$12.0M
Investment incomeLn 3$1.2M
Gains on assetsLn 7$490K
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$648K
Cash and savings togetherLn 1–2$648K
InvestmentsLn 11–13$22.2M
Total assetsLn 16$22.9M
LiabilitiesLn 26$0
Net assetsLn 32$22.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$660K$648K
InvestmentsLn 11–13$20.2M$22.2M
Total assetsLn 16$20.9M$22.9M
LiabilitiesLn 26$10.9M$0
Net assetsLn 32$10.0M$22.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$113K$113K
Management feesLn 11a$2K$0$2K$0
Investment management feesLn 11f$98K$0$98K$0
Other fees for servicesLn 11g$2K$0$2K$0
Office expensesLn 13$12K$0$12K$0
OccupancyLn 16$30K$0$30K$0
Other expenses (24a–d)Ln 24$84K$0$84K$0
Total functional expensesLn 25$340K$113K$227K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $13.2M$340K$12.8M$22.9M 990 PDF
FY2024 $1.1M$340K$732K$10.0M 990 PDF
FY2023 −$249K$284K−$533K$8.9M 990 PDF
FY2022 $102K$258K−$156K$8.5M 990 PDF
FY2021 −$1.8M$373K−$2.1M$9.9M 990 PDF
FY2020 $288K$691K−$402K$11.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $13,176,259 across 6 lines filed
VIII-1f All other contributions, gifts and grants$11,962,153
VIII-1g Noncash contributions (included above)$11,962,153
VIII-1h Total contributions, gifts and grants$11,962,153
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $723,857$723,857
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $490,249$490,249
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,214,106$13,176,259
Part IX · Statement of functional expenses $340,351 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $113,273$113,273
IX-11a Management feesPrograms $0 · Management $1,579 · Fundraising $0$1,579
IX-11f Investment management feesPrograms $0 · Management $97,813 · Fundraising $0$97,813
IX-11g Other fees for servicesPrograms $0 · Management $1,945 · Fundraising $0$1,945
IX-13 Office expensesPrograms $0 · Management $12,066 · Fundraising $0$12,066
IX-16 OccupancyPrograms $0 · Management $29,810 · Fundraising $0$29,810
IX-24 Other expenses (24a–d)Programs $0 · Management $83,865 · Fundraising $0$83,865
IX-25 Total functional expensesPrograms $113,273 · Management $227,078 · Fundraising $0$340,351
Part X · Balance sheet $22,856,559 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $659,758$647,693
X-11 Publicly traded securitiesStart of year $20,241,653$22,208,866
X-16 Total assetsStart of year $20,901,411$22,856,559
X-25 Other liabilitiesStart of year $10,934,535$0
X-26 Total liabilitiesStart of year $10,934,535$0
X-32 Total net assets or fund balancesStart of year $9,966,876$22,856,559
X-33 Total liabilities and net assetsStart of year $20,901,411$22,856,559
Part XI · Reconciliation of net assets $22,856,559 net assets at year end
XI-1 Total revenue$13,176,259
XI-2 Total expenses$340,351
XI-3 Revenue less expenses$12,835,908
XI-4 Net assets at start of year$9,966,876
XI-5 Net unrealized gains (losses) on investments$53,775
XI-10 Net assets at end of year$22,856,559

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

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