Jacobs Ladder INC FY2020 filing

Tax-deductible

Urbanna, VA501(c)(3)Youth DevelopmentEIN 54-1717138Revenue $240K in FY2020

On file with the IRSjladder.orgPo Box 3, 23175-0003 · Urbanna, VATax-exempt since Mar 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Typcically Jacob's Ladder provides up to five week enrichment programs in the summer for intellectually gifted children identified as being in at risk environments. The program focuses on 4th to 8th graders and the objective is to complete a 5 year cycle of mentoring, coaching and followup to work towards making a college education and higher career aspirations goals of each climber. Jacobs Climber candidates are identified by leaders of gifted programs in Virginia and North Carolina schools. With the cooperation and permission of parents, staff meets with a candidate and begins the process of identifying whether the student has the desire to participate in the enrichment programs and confirming that the profile of the candidate otherwise would meet the qualifications for the program.2017 Fast facts: Celebrating 26 years encouraging intellectually gifted, at-risk students | 339 Climbers graduated since 1991 | 63 Climbers attended the Summer Enrichment Camp in 2017 | program makeup, 50%

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $88K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$29K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
Spent
$227K
To programs
56%
Net assets
$391K
By yearFY2020–FY2024
Revenue
$240K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$240K
FY2021$329K
FY2022$386K
FY2023$444K
FY2024$427K
Expenses
$227K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$227K
FY2021$361K
FY2022$346K
FY2023$389K
FY2024$447K
Net assets
$391K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$391K
FY2021$387K
FY2022$408K
FY2023$446K
FY2024$427K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1995.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $128K Management & general 34% · $76K Fundraising 10% · $23K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Catherine Coggeshall’s $74K as Executive Director is at the 65th percentile of top reported officer pay among 1992 $100K–1M youth development 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

NameFY2024FY2023
Catherine Coggeshall$73,500$71,042

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers summer enrichment programs for gifted, at-risk youth, aiming for college and career success.

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Provided by the organization

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1 program · $128K · in their own filed words · FY2020
01

While the core of Jacob's Ladder, Inc. programs is an annual summer enrichment program, held normally at Christ Church Episcopal School in Middlesex County, there are other parts of the enrichment program which are held throughout the year.

$128Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$88K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$217K
Other incomeLn 4–11$13K
Investment incomeLn 3$9K
Money outPt IX
$227K
Ln 25
Programscol B$128K
Managementcol C$76K
Fundraisingcol D$23K
Owns and owesPt X
$391K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$421K
LiabilitiesLn 26$29K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$217K
Investment incomeLn 3$9K
Other incomeLn 4–11$13K
Gains on assetsLn 7$0
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$205K
InvestmentsLn 11–13$189K
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$0
Total assetsLn 16$421K
LiabilitiesLn 26$29K
Net assetsLn 32$391K
OperationsPt I, VI
EmployeesI 58
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$154K$205K
InvestmentsLn 11–13$177K$189K
Land, buildings, equipmentLn 10c$49K$27K
Total assetsLn 16$380K$421K
LiabilitiesLn 26$76$29K
Net assetsLn 32$380K$391K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$48K$24K$24K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$90K$51K$17K$22K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$13K$6K$7K
Payroll taxesLn 10$10K$6K$3K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$24K$21K$3K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$14K$8K$6K
All other expensesLn 24e$16K$6K$10K
Total functional expensesLn 25$227K$128K$76K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $427K$447K−$20K$427K 990 PDF
FY2023 $444K$389K$55K$446K 990 PDF
FY2022 $386K$346K$41K$408K 990 PDF
FY2021 $329K$361K−$32K$387K 990 PDF
FY2020 Viewing $240K$227K$13K$391K 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 (6 parts)
Part I · Summary $240,240 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $421,367$217,498
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,745$9,344
I-11 Other revenuePrior year $12,640$13,398
I-12 Total revenuePrior year $442,752$240,240
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $189,660$160,501
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $197,578$66,928
I-18 Total expensesPrior year $387,238$227,429
I-19 Revenue less expensesPrior year $55,514$12,811
Part VI · Governance 12 of 12 board members independent, 5 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $240,240 across 8 lines filed
VIII-1f All other contributions, gifts and grants$217,498
VIII-1h Total contributions, gifts and grants$217,498
VIII-3 Investment incomeRelated to mission $9,344$9,344
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $13,398$13,398
VIII-12 Total revenueRelated to mission $9,344 · Excluded from tax $13,398$240,240
Part IX · Statement of functional expenses $227,429 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $24,000 · Management $24,000$48,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $50,630 · Management $17,200 · Fundraising $21,760$89,590
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $5,966 · Management $6,548$12,514
IX-10 Payroll taxesPrograms $5,581 · Management $3,151 · Fundraising $1,665$10,397
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $6,000$6,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,109 · Management $3,014$24,123
IX-23 InsurancePrograms $6,882$6,882
IX-24 Other expenses (24a–d)Programs $7,916 · Management $5,985$13,901
IX-24e All other expensesPrograms $5,542 · Management $10,480$16,022
IX-25 Total functional expensesPrograms $127,626 · Management $76,378 · Fundraising $23,425$227,429
Part X · Balance sheet $420,808 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $96,252$106,865
X-2 Savings and temporary cash investmentsStart of year $57,609$98,180
X-3 Pledges and grants receivable$0
X-4 Accounts 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 $49,164$26,811
X-11 Publicly traded securitiesStart of year $177,052$188,952
X-12 Other securitiesStart of year $344$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $380,421$420,808
X-17 Accounts payable and accrued expensesStart of year $76$637
X-25 Other liabilities$28,700
X-26 Total liabilitiesStart of year $76$29,337
X-27 Net assets without donor restrictionsStart of year $372,120$388,246
X-28 Net assets with donor restrictionsStart of year $8,225$3,225
X-32 Total net assets or fund balancesStart of year $380,345$391,471
X-33 Total liabilities and net assetsStart of year $380,421$420,808
Part XI · Reconciliation of net assets $391,471 net assets at year end
XI-1 Total revenue$240,240
XI-2 Total expenses$227,429
XI-3 Revenue less expenses$12,811
XI-4 Net assets at start of year$380,345
XI-5 Net unrealized gains (losses) on investments$3,315
XI-9 Other changes in net assets−$5,000
XI-10 Net assets at end of year$391,471

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

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