Jubilee Foundation INC FY2020 filing

Kensington, MDUnknown exempt organizationEIN 52-1698505Revenue $363K in FY2020

On file with the IRSjubileemd.org10408 Montgomery Avenue · Kensington, MD

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To support Jubilee association of maryland, INC.

62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
3 of 4
filings with a surplus
Average surplus $349K a year · 68% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 37.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$363K
Spent
$105K
To programs
62%
Net assets
$2.0M
By yearFY2020–FY2023
Revenue
$363K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$363K
FY2021$784K
FY2022$896K
FY2023$16K
Expenses
$105K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$105K
FY2021$481K
FY2022$55K
FY2023$23K
Net assets
$2.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.6M
FY2022$373K
FY2023$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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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

62 cents of each dollar spent went to programs.

Program services 62% · $65K Management & general 30% · $32K Fundraising 7% · $8K

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

36 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Jubilee Foundation INC 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

Supports the Jubilee Association of Maryland, Inc.

Questions for Jubilee Foundation INC

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Provided by the organization

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2 programs · $131K · in their own filed words · FY2019
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.

$65Kprogram expense
02

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.

$65Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$363K
Ln 12
Gifts and grantsLn 1h$280K
Investment incomeLn 3$65K
Fees for servicesLn 2g$23K
Money outPt IX
$105K
Ln 25
Programscol B$65K
Managementcol C$32K
Fundraisingcol D$8K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$323K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
36
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$280K
Fees for servicesLn 2g$23K
Investment incomeLn 3$65K
Total revenueLn 12$363K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$323K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $16K$23K−$7K$0 990 PDF
FY2022 $896K$55K$840K$373K 990 PDF
FY2021 $784K$481K$302K$2.6M 990 PDF
FY2020 Viewing $363K$105K$259K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (1 part)
Part VI · Governance 18 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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