Jackson Young Professionals EIN 47-1587257 Form 990 (PDF) Claim this org

Jackson Young Professionals FY2022 filing

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Connects people, fosters fun, and promotes love for Jackson. For fiscal year 2022 it reported $411K in revenue, $475K in expenses, and $80K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Jackson, MI
Website
www.thejxnyp.com
Filings
4 on file (2020–2022)
Revenue
$411KFY2022
Expenses
$475K
Net assets
$80K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-1587257 Unknown exempt organization Jackson, MI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →
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Size
<$100K
What they do
Connects people, fosters fun, and promotes love for Jackson.
Leadership
Sean Palmer · President
Money in and out
$411K revenue, $475K expenses
Bottom line
-16% surplus margin
Reported financial activity · FY2022
Total revenue
$411K
Pt VIII · Ln 12
Total expenses
$475K
Pt IX · Ln 25
Net assets
$80K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$64K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Surplus margin
-16%
revenue over expenses, this year
Program spending
99%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$411K
FY2022▲ +116%
Expenses
$475K
FY2022▲ +365%
Total assets
$93K
FY2022▼ -40%
Total liabilities
$13K
FY2022▲ +111%
Total revenue
$411K
Pt VIII · Ln 12
Total expenses
$475K
Pt IX · Ln 25
Net assets
$80K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$93K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJackson Young Professionals
EINHdr · item D47-1587257
Principal addressHdr · item CJackson, MI
WebsiteHdr · item Jwww.thejxnyp.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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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Mission & Programs · Part III

Where the work happens

3 program services account for $471K of program spending, described in the organization's 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

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Statement of Revenue

Part VIII
Contributions & grants$402K · 98%
Other revenue$8K · 2%
Contributions & grants98%$402K
Other revenue2%$8K
Investment income$1K
Total revenueLn 12$411K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$471K
Management & general1%$4K
Total functional expensesLn 25$475K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$93K
Total liabilitiesLn 26$13K
Total net assetsLn 32$80K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $65K · Operating expenses (Pt IX) $475K · Less non-cash grants $64K · Cash operating expenses/yr $411K
1.9 months
Where the money goes
Program services
Program services $471K · Total expenses $475K
99%
Management & General
Management & general $4K · Total expenses $475K
0.8%
Fundraising
Fundraising $0 · Total expenses $475K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $209K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $402K · Total revenue $411K
98%
Government reliance
Government grants — · Total revenue $411K
Earned-income share
Program service revenue $0 · Total revenue $411K
0%
Investment reliance
Investment income $1K · Total revenue $411K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $475K
0%
Growth & trend
Revenue growth (YoY)
This year $411K · Prior year $190K
+116%
Net-asset trend (YoY)
End of year $80K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $411K · Expenses $475K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $93K
Net-asset ratio
Net assets $80K · Total assets $93K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $21K · Total assets (Pt X, ln 16) $93K
23%
People & payroll
Highest Reported Total Compensation
Individual Sean Palmer · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $475K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $475K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.8%
Fundraising cost ratio 0%
Revenue growth 116%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$28K revenue · ⤓ 990 PDF
FY2022$411K revenue · viewing · ⤓ 990 PDF
FY2021$190K revenue · ⤓ 990 PDF
FY2020$41K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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