Jumpstart U2 INC: FY2021 Nonprofit Profile & Form 990 (EIN 45-4596348)

Revenue by fiscal year
FY2021	−$60K
FY2022	−$25K
FY2023	$16K

Expenses by fiscal year
FY2021	$157K
FY2022	$108K
FY2023	$129K

Net assets by fiscal year
FY2021	−$347K
FY2022	−$481K
FY2023	−$588K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2014.

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

Where the money goes

63 cents of each dollar spent went to programs.

63%

36%

Program services 63% · $99K Management & general 36% · $57K Fundraising 1% · $1K

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

3 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation

Carl Vaughan

Chairman

$6,756Pt VII · Sec A

Thelma W Tunst

Board Member

$0Pt VII · Sec A

David Ross

President

$0Pt VII · Sec A

Carl Vaughan’s $7K as Chairman is at the 28th percentile of top reported officer pay among 146 <$100K education 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 Jumpstart U2 INC executive salaries →

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing and resources to help people become successful members of society.

Questions for Jumpstart U2 INC

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1 program · $99K · in their own filed words · FY2021

01

We offer affordable rental homes to individuals and families through leases established under JumpStart U2. These families are guided towards services tailored to their needs, empowering them to overcome various challenges.

$99Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$60K

Ln 12

Fees for servicesLn 2g$39K

Gifts and grantsLn 1h$350

Money outPt IX

$157K

Ln 25

Programscol B$99K

Managementcol C$57K

Fundraisingcol D$1K

Owns and owesPt X

−$347K

net assets · Ln 32

Cash and savingsLn 1–2$178K

Total assetsLn 16$208K

LiabilitiesLn 26$555K

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$350

Fees for servicesLn 2g$39K

Total revenueLn 12−$60K

Assets in detailPt X, end of year

CashLn 1$178K

Cash and savings togetherLn 1–2$178K

Accounts receivableLn 4$30K

Total assetsLn 16$208K

LiabilitiesLn 26$555K

Net assetsLn 32−$347K

OperationsPt I, VI

EmployeesI 50

VolunteersI 636

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$10K	$178K
Total assetsLn 16	$10K	$208K
LiabilitiesLn 26	$50K	$555K
Net assetsLn 32	−$40K	−$347K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$15K	$0	$15K	$0
Advertising and promotionLn 12	$4K	$1K	$3K	$0
Office expensesLn 13	$18K	$0	$18K	$0
OccupancyLn 16	$22K	$18K	$3K	$1K
TravelLn 17	$45	$45	$0	$0
InsuranceLn 23	$4K	$0	$4K	$0
Other expenses (24a–d)Ln 24	$80K	$80K	$0	$0
All other expensesLn 24e	$14K	$543	$14K	$0
Total functional expensesLn 25	$157K	$99K	$57K	$1K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 LatestFiled with the IRS Oct 5, 2025	$16K	$129K	−$113K	−$588K	990 PDF
FY2022Filed with the IRS Apr 11, 2023	−$25K	$108K	−$133K	−$481K	990 PDF
FY2021 ViewingFiled with the IRS Apr 11, 2023	−$60K	$157K	−$217K	−$347K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary −$59,992 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $32,904$350

I-9 Program service revenue$38,524

I-10 Investment income$0

I-11 Other revenue−$98,866

I-12 Total revenuePrior year $32,904−$59,992

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $34,080$157,286

I-18 Total expensesPrior year $34,080$157,286

I-19 Revenue less expensesPrior year −$1,176−$217,278

Part VI · Governance 2 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue −$59,992 across 4 lines filed

Lines not itemized here account for −$98,866 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$350

VIII-1h Total contributions, gifts and grants$350

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$38,524

VIII-12 Total revenueRelated to mission −$60,342 · Unrelated business $0 · Excluded from tax $0−$59,992

Part IX · Statement of functional expenses $157,286 across 8 lines filed

IX-11b Legal feesPrograms $0 · Management $15,066 · Fundraising $0$15,066

IX-12 Advertising and promotionPrograms $1,107 · Management $2,583 · Fundraising $0$3,690

IX-13 Office expensesPrograms $0 · Management $17,802 · Fundraising $0$17,802

IX-16 OccupancyPrograms $17,960 · Management $3,368 · Fundraising $1,122$22,450

IX-17 TravelPrograms $45 · Management $0 · Fundraising $0$45

IX-23 InsurancePrograms $0 · Management $4,390 · Fundraising $0$4,390

IX-24 Other expenses (24a–d)Programs $79,583 · Management $0 · Fundraising $0$79,583

IX-24e All other expensesPrograms $543 · Management $13,717 · Fundraising $0$14,260

IX-25 Total functional expensesPrograms $99,238 · Management $56,926 · Fundraising $1,122$157,286

Part X · Balance sheet $207,943 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $9,571$177,881

X-2 Savings and temporary cash investments$0

X-4 Accounts receivable$30,062

X-16 Total assetsStart of year $9,571$207,943

X-17 Accounts payable and accrued expenses$2,742

X-24 Unsecured notes and loans payableStart of year $49,810$552,693

X-26 Total liabilitiesStart of year $49,810$555,435

X-27 Net assets without donor restrictionsStart of year −$40,239−$347,492

X-32 Total net assets or fund balancesStart of year −$40,239−$347,492

X-33 Total liabilities and net assetsStart of year $9,571$207,943

Part XI · Reconciliation of net assets −$347,492 net assets at year end

XI-1 Total revenue−$59,992

XI-2 Total expenses$157,286

XI-3 Revenue less expenses−$217,278

XI-4 Net assets at start of year−$40,239

XI-8 Prior period adjustments−$89,975

XI-10 Net assets at end of year−$347,492

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Jumpstart U2 INC FY2021 filing

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