Jolt Action INC EIN 81-4715525 Form 990 (PDF) Claim this org

Jolt Action INC FY2022 filing

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Empowering young Latinos to vote and lead, transforming Texas through community and culture. For fiscal year 2022 it reported $839K in revenue, $1.1M in expenses, and $509K in net assets.Pt I

Type
Membership association · Human Services
Location
Austin, TX
Website
www.jolttx.org
Filings
5 on file (2020–2022)
Revenue
$839KFY2022
Expenses
$1.1M
Net assets
$509K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-4715525 Membership association Austin, TX
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowering young Latinos to vote and lead, transforming Texas through community and culture.
Leadership
Gloria Gonzalez-Dhoakia · Executive Director · $75K
Money in and out
$839K revenue, $1.1M expenses
Bottom line
-32% operating surplus
Membership & operating revenue · FY2022
Total revenue
$839K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$266K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.08 Fundraising $0.09
Operating surplus
-32%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
73%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$839K
FY2022▼ -19%
Expenses
$1.1M
FY2022▼ -9%
Total assets
$913K
FY2022▲ +5%
Total liabilities
$404K
FY2022▲ +343%
Total revenue
$839K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$266K
Total assetsPt X · Ln 16$913K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJolt Action INC
EINHdr · item D81-4715525
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.jolttx.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$75,058Pt VII · Sec A
Executive Director
$53,548Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jacqueline Bastard’s $128K as Deputy Director is at the 95th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Diana Maldonado$187,155$53,548
Jacqueline Bastard$128,396
Antonio Arellano$97,186
Gloria Gonzalez-Dholakia$79,855
Gloria Gonzalez-Dhoakia$75,058

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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Mission & Programs · Part III

Where the work happens

1 program service account for $568K of program spending, described in the organization's own filed words · FY2022.
01

Organization

The organizing program builds the capacity of grassroots leaders, who are majority young and female, to drive policy change in their communities and mobilize others to action. To that end, Jolt Action supports its members to exercise power through three programmatic areas - Arts and Culture, Leadership Development, and Student and…

$568Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$838K
Investment income$751
Other revenue$41
— government grantsLn 1e$838K
Total revenueLn 12$839K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.08 Fundraising $0.09
Program services83%$917K
Management & general8%$88K
Fundraising9%$99K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$526K
Total assetsLn 16$913K
Total liabilitiesLn 26$404K
Total net assetsLn 32$509K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $526K · Operating expenses/yr $1.1M
5.7 months
Where the money goes
Program services
Program services $917K · Total expenses $1.1M
83%
Management & General
Management & general $88K · Total expenses $1.1M
8%
Fundraising
Fundraising $99K · Total expenses $1.1M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $87K · Solicited contributions (3-yr avg) $822K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $838K · Total revenue $839K
100%
Government reliance
Government grants $838K · Total revenue $839K
100%
Earned-income share
Program service revenue $0 · Total revenue $839K
0%
Investment reliance
Investment income $751 · Total revenue $839K
+0.09%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $839K · Prior year $1.0M
-19%
Net-asset trend (YoY)
End of year $509K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $839K · Expenses $1.1M
-32%
Liabilities-to-Assets
Total liabilities — · Total assets $913K
Net-asset ratio
Net assets $509K · Total assets $913K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $913K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gloria Gonzalez-Dhoakia · Reported title Executive Director · Highest reported compensation $75K · Total expenses $1.1M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $802K · Total expenses $1.1M
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 8%
Fundraising cost ratio 12%
Revenue growth -19%
Legal fee ratio 7%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Jolt InitiativeFY2024$400K
Tides AdvocacyFY2024$100K
Texas for AllFY2024$10K
Total grants receivedfrom 7 funders$748K
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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)$592K revenue · ⤓ 990 PDF
FY2023$591K revenue · ⤓ 990 PDF
FY2022$839K revenue · viewing · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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