Jubilee Foundation INC

Kensington, MDUnknown exempt organization EIN 52-1698505Revenue $16K in FY2023Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSjubileemd.orgKensington, MD

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To support Jubilee association of maryland, INC.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1698505) · Dispute this line
94¢ of each $1 spent went to programs.
Run by 18 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $349K a year · 68% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 1 voting members
1 of 1 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$16K
-98% vs prior year
Spent
$23K
To programs
94%
Net assets
$0
By yearFY2020–FY2023
Revenue
$16K
FY2023▼ -98%
Tap a bar for its year
Revenue by fiscal year
FY2020$363K
FY2021$784K
FY2022$896K
FY2023$16K
Expenses
$23K
FY2023▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$105K
FY2021$481K
FY2022$55K
FY2023$23K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.6M
FY2022$373K
FY2023$0

From the FY2023 Form 990 (year ending June 2023) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $21K Management & general 6% · $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

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Jubilee Foundation 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

Supports the Jubilee Association of Maryland, Inc.

Questions for Jubilee Foundation INC

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1 program · $21K · in their own filed words · FY2022
01

To provide support to jubilee association of maryland, inc. In the form of grants and provide rental residences for use by the association's personal support (PS) clients.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1698505) · Dispute this line
$21Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$20K
Grants paid · 3 grants · $503K · 2019–2020

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$16K
Ln 12
Fees for servicesLn 2g$16K
Gifts and grantsLn 1h$2
Money outPt IX
$23K
Ln 25
Programscol B$21K
Managementcol C$1K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2
Fees for servicesLn 2g$16K
Total revenueLn 12$16K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19
End of yearLn 1g$1.7M$1.3M$1.3M
AddedLn 1b$3K$13K$3K
SpentLn 1d–1f$24K$26K$60K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$16K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$498K$0
Total assetsLn 16$514K$0
LiabilitiesLn 26$141K$0
Net assetsLn 32$373K$0
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
OccupancyLn 16$689$689
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$119$119
Total functional expensesLn 25$23K$21K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Feb 20, 2024 $16K$23K−$7K$0 990 PDF
FY2022Filed with the IRS Apr 3, 2023 $896K$55K$840K$373K 990 PDF
FY2021Filed with the IRS Feb 25, 2022 $784K$481K$302K$2.6M 990 PDF
FY2020Filed with the IRS May 11, 2021 $363K$105K$259K$2.0M 990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $15,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $812,605$2
I-9 Program service revenuePrior year $23,517$15,529
I-10 Investment incomePrior year $60,412$0
I-11 Other revenuePrior year −$830$0
I-12 Total revenuePrior year $895,704$15,531
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $55,283$22,529
I-18 Total expensesPrior year $55,283$22,529
I-19 Revenue less expensesPrior year $840,421−$6,998
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $15,531 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2
VIII-1h Total contributions, gifts and grants$2
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,529$15,529
VIII-12 Total revenueRelated to mission $15,529 · Unrelated business $0 · Excluded from tax $0$15,531
Part IX · Statement of functional expenses $22,529 across 5 lines filed
IX-11b Legal feesManagement $1,130$1,130
IX-16 OccupancyPrograms $689$689
IX-22 Depreciation, depletion and amortizationPrograms $7,071$7,071
IX-23 InsurancePrograms $13,520$13,520
IX-24 Other expenses (24a–d)Management $119$119
IX-25 Total functional expensesPrograms $21,280 · Management $1,249 · Fundraising $0$22,529
Part X · Balance sheet $0 assets, 22 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $15,864$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $497,745$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $513,609$0
X-17 Accounts payable and accrued expensesStart of year $830$0
X-25 Other liabilitiesStart of year $140,219$0
X-26 Total liabilitiesStart of year $141,049$0
X-27 Net assets without donor restrictionsStart of year $372,560$0
X-32 Total net assets or fund balancesStart of year $372,560$0
X-33 Total liabilities and net assetsStart of year $513,609$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$15,531
XI-2 Total expenses$22,529
XI-3 Revenue less expenses−$6,998
XI-4 Net assets at start of year$372,560
XI-9 Other changes in net assets−$365,562
XI-10 Net assets at end of year$0

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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