Jubilee Foundation INC: FY2021 Nonprofit Profile & Form 990 (EIN 52-1698505)

Revenue by fiscal year
FY2020	$363K
FY2021	$784K
FY2022	$896K
FY2023	$16K

Expenses by fiscal year
FY2020	$105K
FY2021	$481K
FY2022	$55K
FY2023	$23K

Net assets by fiscal year
FY2020	$2.0M
FY2021	$2.6M
FY2022	$373K
FY2023	$0

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

85 cents of each dollar spent went to programs.

85%

Program services 85% · $409K Management & general 7% · $33K Fundraising 8% · $38K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

John Munson

President

$0Pt VII · Sec A

Kathy Ulman

Vice President

$0Pt VII · Sec A

Chris Urban

Treasurer

$0Pt VII · Sec A

Benjamin Apt

Secretary

$0Pt VII · Sec A

Joan Fidler

Director

$0Pt VII · Sec A

Maite Ballestero

Director

$0Pt VII · Sec A

Steve Brent

Director

$0Pt VII · Sec A

Margie Billian

Director

$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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1 program · $409K · in their own filed words · FY2020

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.

$409Kprogram 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

Greater Washington Community FoundationFY2020$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 3 grants · $503K · 2019–2020

The Jubilee Association of Maryland INCMD · FY2020$397,436

The Jubilee Association of Maryland INCMD · FY2019$52,700

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$784K

Ln 12

Gifts and grantsLn 1h$680K

Investment incomeLn 3$106K

Fees for servicesLn 2g$23K

Money outPt IX

$481K

Ln 25

Programscol B$409K

Managementcol C$33K

Fundraisingcol D$38K

Owns and owesPt X

$2.6M

net assets · Ln 32

Cash and savingsLn 1–2$253K

Total assetsLn 16$2.6M

LiabilitiesLn 26$0

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$680K

Fundraising eventsLn 1c$438K

Fees for servicesLn 2g$23K

Investment incomeLn 3$106K

Gains on assetsLn 7$40K

Total revenueLn 12$784K

Assets in detailPt X, end of year

SavingsLn 2$253K

Cash and savings togetherLn 1–2$253K

InvestmentsLn 11–13$1.9M

Land, buildings, equipmentLn 10c$155K

Total assetsLn 16$2.6M

LiabilitiesLn 26$0

Net assetsLn 32$2.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 618

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$323K	$253K
InvestmentsLn 11–13	$1.5M	$1.9M
Land, buildings, equipmentLn 10c	$165K	$155K
Total assetsLn 16	$2.0M	$2.6M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.0M	$2.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$397K	$397K
Investment management feesLn 11f	$8K		$8K
Office expensesLn 13	$2K			$2K
Payments to affiliatesLn 21	$24K		$24K
Depreciation, depletion and amortizationLn 22	$10K	$10K
Other expenses (24a–d)Ln 24	$40K	$2K	$600	$37K
Total functional expensesLn 25	$481K	$409K	$33K	$38K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest	$16K	$23K	−$7K	$0	990 PDF
FY2022	$896K	$55K	$840K	$373K	990 PDF
FY2021 Viewing	$784K	$481K	$302K	$2.6M	990 PDF
FY2020	$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 FY2021 990 (6 parts)

Part I · Summary $783,523 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $280,314$680,289

I-9 Program service revenuePrior year $23,400$23,400

I-10 Investment incomePrior year $65,456$106,396

I-11 Other revenuePrior year −$5,680−$26,562

I-12 Total revenuePrior year $363,490$783,523

I-13 Grants and similar amounts paidPrior year $52,700$397,436

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 $52,097$83,867

I-18 Total expensesPrior year $104,797$481,303

I-19 Revenue less expensesPrior year $258,693$302,220

Part VI · Governance 16 of 16 board members independent, 1 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

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 $783,523 across 8 lines filed

VIII-1c Fundraising events$438,163

VIII-1f All other contributions, gifts and grants$242,126

VIII-1h Total contributions, gifts and grants$680,289

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,400$23,400

VIII-3 Investment incomeExcluded from tax $66,647$66,647

VIII-7 Net gain or loss on sales of assetsExcluded from tax $39,749$39,749

VIII-8 Net income from fundraising eventsExcluded from tax −$26,562−$26,562

VIII-12 Total revenueRelated to mission $23,400 · Unrelated business $0 · Excluded from tax $79,834$783,523

Part IX · Statement of functional expenses $481,303 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $397,436$397,436

IX-11f Investment management feesManagement $8,300$8,300

IX-13 Office expensesFundraising $1,699$1,699

IX-21 Payments to affiliatesManagement $24,480$24,480

IX-22 Depreciation, depletion and amortizationPrograms $9,824$9,824

IX-24 Other expenses (24a–d)Programs $2,177 · Management $600 · Fundraising $36,787$39,564

IX-25 Total functional expensesPrograms $409,437 · Management $33,380 · Fundraising $38,486$481,303

Part X · Balance sheet $2,607,625 assets, 11 lines filed

X-2 Savings and temporary cash investmentsStart of year $322,767$252,666

X-3 Pledges and grants receivableStart of year $16,719$329,651

X-4 Accounts receivableStart of year $5,606$650

X-10c Land, buildings and equipment, netStart of year $164,753$154,930

X-11 Publicly traded securitiesStart of year $1,463,229$1,869,728

X-16 Total assetsStart of year $1,973,074$2,607,625

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $775,843$1,118,798

X-28 Net assets with donor restrictionsStart of year $1,197,231$1,488,827

X-32 Total net assets or fund balancesStart of year $1,973,074$2,607,625

X-33 Total liabilities and net assetsStart of year $1,973,074$2,607,625

Part XI · Reconciliation of net assets $2,607,625 net assets at year end

XI-1 Total revenue$783,523

XI-2 Total expenses$481,303

XI-3 Revenue less expenses$302,220

XI-4 Net assets at start of year$1,973,074

XI-5 Net unrealized gains (losses) on investments$332,331

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,607,625

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Jubilee Foundation INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Jubilee Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV