Jackson Young Professionals FY2022 filing

Jackson, MIUnknown exempt organization EIN 47-1587257Revenue $411K in FY2022

On file with the IRSthejxnyp.comPo Box 1260 · Jackson, MI

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99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $868 a year · under 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$411K
+116% vs prior year
Spent
$475K
To programs
99%
Net assets
$80K
By yearFY2020–FY2023
Revenue
$411K
FY2022▲ +116%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$190K
FY2022$411K
FY2023$28K
Expenses
$475K
FY2022▲ +365%
Tap a bar for its year
Expenses by fiscal year
FY2020$63K
FY2021$102K
FY2022$475K
FY2023Not on file
Net assets
$80K
FY2022▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2020$59K
FY2021$149K
FY2022$80K
FY2023$41K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $471K Management & general 1% · $4K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Festival Cha
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Membership C
$0Pt VII · Sec A
Marketing Ch
$0Pt VII · Sec A
Social Chair
$0Pt VII · Sec A
Pro Dev Chai
$0Pt VII · Sec A
See Jackson Young Professionals 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects people, fosters fun, and promotes love for Jackson.

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Provided by the organization

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3 programs · $471K · in their own filed words · FY2022
01

Promote jackson as a place to live and work for young professionals.

$471Kprogram expense
02

Provide opportunities for young professionals to engage with their community, learn about the many local businesses, and develop themselves professionally.

Pt IX · col B
03

Promote community involvement toward the pursuit of the greater good.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$411K
Ln 12
Gifts and grantsLn 1h$402K
Other incomeLn 4–11$8K
Investment incomeLn 3$1K
Money outPt IX
$475K
Ln 25
Programscol B$471K
Managementcol C$4K
Owns and owesPt X
$80K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$93K
LiabilitiesLn 26$13K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$402K
Noncash giftsLn 1g$64K
Investment incomeLn 3$1K
Other incomeLn 4–11$8K
Gains on assetsLn 7$930
Total revenueLn 12$411K
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$44K
InvestmentsLn 11–13$21K
Total assetsLn 16$93K
LiabilitiesLn 26$13K
Net assetsLn 32$80K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
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 FY22End FY22
Cash and savingsLn 1–2$87K$44K
InvestmentsLn 11–13$24K$21K
Total assetsLn 16$155K$93K
LiabilitiesLn 26$6K$13K
Net assetsLn 32$149K$80K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$650$650
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$440K$440K
Advertising and promotionLn 12$30K$30K
Information technologyLn 14$1K$1K
InsuranceLn 23$468$468
Other expenses (24a–d)Ln 24$2K$723$820
Total functional expensesLn 25$475K$471K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $28K$41K 990 PDF
FY2022 Viewing $411K$475K−$64K$80K 990 PDF
FY2021 $190K$102K$88K$149K 990 PDF
FY2020 $41K$63K−$22K$59K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $411,285 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $186,744$401,939
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,305$1,274
I-11 Other revenuePrior year $2,049$8,072
I-12 Total revenuePrior year $190,098$411,285
I-13 Grants and similar amounts paidPrior year $650$650
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $101,546$474,394
I-18 Total expensesPrior year $102,196$475,044
I-19 Revenue less expensesPrior year $87,902−$63,759
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $411,285 across 7 lines filed
Lines not itemized here account for $8,072 of total revenue; see the IRS return.
VIII-1b Membership dues$1,598
VIII-1f All other contributions, gifts and grants$400,341
VIII-1g Noncash contributions (included above)$64,000
VIII-1h Total contributions, gifts and grants$401,939
VIII-3 Investment incomeExcluded from tax $344$344
VIII-7 Net gain or loss on sales of assetsExcluded from tax $930$930
VIII-12 Total revenueExcluded from tax $9,346$411,285
Part IX · Statement of functional expenses $475,044 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $650$650
IX-11c Accounting feesManagement $1,110$1,110
IX-11g Other fees for servicesPrograms $440,429$440,429
IX-12 Advertising and promotionPrograms $29,559$29,559
IX-14 Information technologyManagement $1,285$1,285
IX-23 InsuranceManagement $468$468
IX-24 Other expenses (24a–d)Programs $723 · Management $820$1,543
IX-25 Total functional expensesPrograms $471,361 · Management $3,683 · Fundraising $0$475,044
Part X · Balance sheet $93,065 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $83,387$39,835
X-2 Savings and temporary cash investmentsStart of year $3,834$3,836
X-4 Accounts receivableStart of year $40,120$28,439
X-12 Other securitiesStart of year $24,347$20,955
X-16 Total assetsStart of year $154,966$93,065
X-17 Accounts payable and accrued expensesStart of year $5,972$12,629
X-26 Total liabilitiesStart of year $5,972$12,629
X-27 Net assets without donor restrictionsStart of year $129,444$60,886
X-28 Net assets with donor restrictionsStart of year $19,550$19,550
X-32 Total net assets or fund balancesStart of year $148,994$80,436
X-33 Total liabilities and net assetsStart of year $154,966$93,065
Part XI · Reconciliation of net assets $80,436 net assets at year end
XI-1 Total revenue$411,285
XI-2 Total expenses$475,044
XI-3 Revenue less expenses−$63,759
XI-4 Net assets at start of year$148,994
XI-5 Net unrealized gains (losses) on investments−$4,799
XI-10 Net assets at end of year$80,436

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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