Joel Fund EIN 47-5179326

Joel Fund

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Helps veterans reintegrate into civilian life and find purpose after service. For fiscal year 2024 it reported $619K in revenue, $416K in expenses, and $357K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Wake Forest, NC
Website
www.thejoelfund.org
Filings
5 on file (2020–2024)
Revenue
$619KFY2024
Expenses
$416K
Net assets
$357K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5179326 Public charity (501(c)(3)) Wake Forest, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps veterans reintegrate into civilian life and find purpose after service.
Leadership
Brooke Dickhart · Executive Director · $65K
Money in and out
$619K revenue, $416K expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$619K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$357K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $203K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.03
Program efficiency
90%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate▲ +39% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ ×13 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$619K
FY2024▲ +155%
Expenses
$416K
FY2024▲ +66%
Total assets
$1.4M
FY2024▲ ×11
Total liabilities
$994K
FY2024▲ ×261
Total revenue
$619K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$357K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$203K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $286K of program spending, described in the organization's own filed words · FY2024.
01

Operation ART is a community arts program, aiming to provide an expressive outlet for emotional wellbeing in the lives of veterans and their families. We seek to connect veterans and their families with peers in their community through the power of art.

$113Kprogram expense
02

Operation Connect provides opportunities for those we serve to connect with resources and their peers through various activities and one-on-one interaction. Through community partnerships, The Joel Fund creates warm referrals to resources across North Carolina to veterans and their families.

$102Kprogram expense
03

Operation Furnish provides direct economic impact through in-kind donations of household furnishing. We help build financial stability in the lives of veterans and their families after experiencing homelessness or crisis. This program was ended in 2024.

$71Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJoel Fund
EINHdr · item D47-5179326
Principal addressHdr · item CWake Forest, NC
WebsiteHdr · item Jwww.thejoelfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P60)
Ruling yearIRS BMFApr 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$65,000Pt VII · Sec A
Chairman of the Board of Directors
$0Pt VII · Sec A
Vice Chairman of the Board of Directors
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Brooke Dickhart’s $65K as Executive Director is at the 55th percentile of top reported officer pay among 2165 $100K–1M human services 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

NameFY2024FY2023FY2022FY2021
Brooke Dickhart$65,000$52,500$33,432$36,232

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$572K · 92%
Other revenue$42K · 7%
Program service revenue$5K · 1%
Contributions & grants92%$572K
Other revenue7%$42K
Program service revenue1%$5K
Investment income$70
— government grantsLn 1e$93K
Total revenueLn 12$619K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.03
Program services90%$375K
Management & general6%$26K
Fundraising3%$14K
Total functional expensesLn 25$416K

Balance Sheet

Part X · end of year
CashLn 1$232K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$994K
Total net assetsLn 32$357K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $232K · Operating expenses (Pt IX) $416K · Less non-cash grants $26K · Cash operating expenses/yr $389K
7.1 months
Where the money goes
Program services
Program services $375K · Total expenses $416K
90%
Management & General
Management & general $26K · Total expenses $416K
6%
Fundraising
Fundraising $14K · Total expenses $416K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $318K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $572K · Total revenue $619K
92%
Government reliance
Government grants $93K · Total revenue $619K
15%
Earned-income share
Program service revenue $5K · Total revenue $619K
0.8%
Investment reliance
Investment income $70 · Total revenue $619K
+0.01%
Program self-sufficiency
Program service revenue $5K · Total expenses $416K
1%
Growth & trend
Revenue growth (YoY)
This year $619K · Prior year $243K
+155%
Revenue CAGR
FY2020 $81K · FY2024 $619K
+66%
Net-asset trend (YoY)
End of year $357K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $619K · Expenses $416K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $357K · Total assets $1.4M
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brooke Dickhart · Reported title Executive Director · Highest reported compensation $65K · Total expenses $416K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $210K · Total expenses $416K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 2%
Revenue growth 155%
Legal fee ratio 1%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$52K
Grants paid · 1 grant · $5K · 2024–2024
Unitemized GrantFY2024$4,798

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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)$619K revenue · viewing · ⤓ 990 PDF
FY2023$243K revenue · ⤓ 990 PDF
FY2022$302K revenue · ⤓ 990 PDF
FY2021$312K revenue · ⤓ 990 PDF
FY2020$81K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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