Journi EIN 47-4047149

Journi FY2021 filing

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Teaches tech, business, and startup skills to adolescents and adults. For fiscal year 2021 it reported $329K in revenue, $395K in expenses, and $29K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Detroit, MI
Website
www.journi.org
Filings
6 on file (2019–2021)
Revenue
$329KFY2021
Expenses
$395K
Net assets
$29K
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-4047149 Public charity (501(c)(3)) Detroit, MI
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Teaches tech, business, and startup skills to adolescents and adults.
Leadership
Boyd White III · Director
Money in and out
$329K revenue, $395K expenses
Bottom line
5% program efficiency
Where the money goes · FY2021
Total revenue
$329K
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$29K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$66K
Where spending went · Part IX cols B–D
Program services $0.05 Management & general $0.95
Program efficiency
5%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$329K
FY2021▲ +20%
Expenses
$395K
FY2021▲ +47%
Total assets
$47K
FY2021▼ -53%
Total liabilities
$18K
FY2021▼ -63%
Total revenue
$329K
Pt VIII · Ln 12
Total expenses
$395K
Pt IX · Ln 25
Net assets
$29K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$47K
Program-expense ratioPt IX · col B5%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $20K of program spending, described in the organization's own filed words · FY2021.
01

Journi, Incorporated offers programs and events that provide educational access to youth-centered programming in Technology and Entrepreneurship. Program highlights have been featured in Detroit Free Press, The Michigan Chronicle, Crains Business Detroit, Gucci Changemakers, Forbes, amongst other recoginable media outlets.

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJourni
EINHdr · item D47-4047149
Principal addressHdr · item CDetroit, MI
WebsiteHdr · item Jwww.journi.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B30)
Ruling yearIRS BMFAug 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Richard Grundy’s $96K as Chief Executive Officer is at the 82nd percentile of top reported officer pay among 1616 $100K–1M 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2020FY2019
Richard Grundy$96,427$58,000$60,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$255K · 78%
Program service revenue$74K · 22%
Contributions & grants78%$255K
Program service revenue22%$74K
— government grantsLn 1e$238K
Total revenueLn 12$329K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.05 Management & general $0.95
Program services5%$20K
Management & general95%$375K
Total functional expensesLn 25$395K

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$47K
Total liabilitiesLn 26$18K
Total net assetsLn 32$29K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $45K · Operating expenses/yr $395K
1.4 months
Where the money goes
Program services
Program services $20K · Total expenses $395K
5%
Management & General
Management & general $375K · Total expenses $395K
95%
Fundraising
Fundraising $0 · Total expenses $395K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $255K · Total revenue $329K
78%
Government reliance
Government grants $238K · Total revenue $329K
73%
Earned-income share
Program service revenue $74K · Total revenue $329K
22%
Investment reliance
Investment income $0 · Total revenue $329K
0%
Program self-sufficiency
Program service revenue $74K · Total expenses $395K
19%
Growth & trend
Revenue growth (YoY)
This year $329K · Prior year $275K
+20%
Net-asset trend (YoY)
End of year $29K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $329K · Expenses $395K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $47K
Net-asset ratio
Net assets $29K · Total assets $47K
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $47K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Boyd White III · Reported title Director · Highest reported compensation $0 · Total expenses $395K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $313K · Total expenses $395K
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 5%
Overhead ratio 95%
Fundraising cost ratio 0%
Revenue growth 20%

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 4 funders$105K
See all 4 funders →

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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
FY2024 (Latest)$500K revenue · ⤓ 990 PDF
FY2023$270K revenue · ⤓ 990 PDF
FY2022$483K revenue · ⤓ 990 PDF
FY2021$329K revenue · viewing · ⤓ 990 PDF
FY2020$275K revenue · ⤓ 990 PDF
FY2019$192K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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