Our mission is to equip Black-owned small businesses in their first five years with culturally relevant programs, resources, and community that build resilient operational foundations, so that businesses don't just launch, they last. We do this by focusing on the operational fundamentals that determine long-term survival: cash flow management, systems building, hiring, and sustainable growth strategies, always with the whole business owner in mind, not just the business.

501(c)(3) charity; gifts are tax-deductible.
25¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $8K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
25%
of spending
Concern: 25% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $43K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$336K
-18% vs prior year
Spent
$453K
To programs
25%
Net assets
$37K
By yearFY2022–FY2025
Revenue
$336K
FY2025▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2022$814K
FY2023$438K
FY2024$409K
FY2025$336K
Expenses
$453K
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2022$312K
FY2023$625K
FY2024$576K
FY2025$453K
Net assets
$37K
FY2025▼ -75%
Tap a bar for its year
Net assets by fiscal year
FY2022$502K
FY2023$311K
FY2024$148K
FY2025$37K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2022.

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

Where the money goes

25 cents of each dollar spent went to programs.

Program services 25% · $113K Management & general 75% · $340K

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

6 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$87,550Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rasheeda Creighton’s $88K as Executive Director is at the 63rd percentile of top reported officer pay among 1709 $100K–1M community 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Rasheeda Creighton$87,550$92,733$113,007$28,661
Melody Short——$49,958$28,661

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.

See The Jwc Foundation 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 15aYes

Programs and updates

Empowering Black communities through education, personal development, and asset ownership.

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Provided by the organization

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3 programs · $113K · in their own filed words · FY2025
01

Blck Street Summit

annual conference. This year we hosted 100 attendees, bringing our lifetime attendance to 725, with 83% of our attendees receiving donated or sponsored tickets.

$62Kprogram expense
02

Jwc Foundation Community Business Academy

We graduated our 6th cohort, bringing the total number of alumni to 83.

$50Kprogram expense
03

Recurring Programming

We launched recurring programming: co-working days open to all entrepreneurs and a learning lab series also open to all entrepreneurs.

$30program 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
Vilcap INCFY2024$12K
Total grants receivedfrom 2 funders$43K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$336K
Ln 12
Fees for servicesLn 2g$172K
Gifts and grantsLn 1h$164K
Money outPt IX
$453K
Ln 25
Programscol B$113K
Managementcol C$340K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$67K
LiabilitiesLn 26$30K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$172K
Total revenueLn 12$336K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Total assetsLn 16$67K
LiabilitiesLn 26$30K
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$148K$67K
Total assetsLn 16$148K$67K
LiabilitiesLn 26$890$30K
Net assetsLn 32$148K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$88K
Other salaries and wagesLn 7$104K$104K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$14K$14K
Management feesLn 11a$0
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$69K$4K$66K
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$18K$2K$16K
Information technologyLn 14$12K$1K$11K
OccupancyLn 16$682$682
TravelLn 17$11K$7K$4K
Conferences, conventions and meetingsLn 19$77K$73K$4K
InterestLn 20$272$272
InsuranceLn 23$2K$195$2K
Other expenses (24a–d)Ln 24$25K$24K$998$0
Total functional expensesLn 25$453K$113K$340K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $336K$453K−$116K$37K 990 PDF
FY2024 $409K$576K−$167K$148K 990 PDF
FY2023 $438K$625K−$187K$311K 990 PDF
FY2022 $814K$312K$502K$502K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $336,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $295,830$164,123
I-9 Program service revenuePrior year $111,579$172,270
I-10 Investment incomePrior year $1,547$0
I-11 Other revenue$0
I-12 Total revenuePrior year $408,956$336,393
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 $275,437$221,942
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $300,801$230,659
I-18 Total expensesPrior year $576,238$452,601
I-19 Revenue less expensesPrior year −$167,282−$116,208
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $336,393 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$164,123
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$164,123
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $172,270 · Unrelated business $0 · Excluded from tax $0$172,270
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $172,270 · Unrelated business $0 · Excluded from tax $0$336,393
Part IX · Statement of functional expenses $452,601 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $87,550$87,550
IX-7 Other salaries and wagesManagement $103,509$103,509
IX-9 Other employee benefitsManagement $16,594$16,594
IX-10 Payroll taxesManagement $14,289$14,289
IX-11a Management fees$0
IX-11c Accounting feesManagement $10,823$10,823
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $3,500 · Management $65,878$69,378
IX-12 Advertising and promotionPrograms $2,443 · Management $2,056$4,499
IX-13 Office expensesPrograms $1,965 · Management $16,439$18,404
IX-14 Information technologyPrograms $1,000 · Management $10,982$11,982
IX-16 OccupancyManagement $682$682
IX-17 TravelPrograms $6,681 · Management $3,900$10,581
IX-19 Conferences, conventions and meetingsPrograms $72,803 · Management $4,067$76,870
IX-20 InterestManagement $272$272
IX-23 InsurancePrograms $195 · Management $1,989$2,184
IX-24 Other expenses (24a–d)Programs $23,986 · Management $998 · Fundraising $0$24,984
IX-25 Total functional expensesPrograms $112,573 · Management $340,028 · Fundraising $0$452,601
Part X · Balance sheet $67,023 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $148,427$67,023
X-16 Total assetsStart of year $148,427$67,023
X-17 Accounts payable and accrued expenses$22,724
X-26 Total liabilitiesStart of year $890$29,694
X-27 Net assets without donor restrictionsStart of year −$240,530$37,329
X-28 Net assets with donor restrictionsStart of year $388,067$0
X-32 Total net assets or fund balancesStart of year $147,537$37,329
X-33 Total liabilities and net assetsStart of year $148,427$67,023
Part XI · Reconciliation of net assets $37,329 net assets at year end
XI-1 Total revenue$336,393
XI-2 Total expenses$452,601
XI-3 Revenue less expenses−$116,208
XI-4 Net assets at start of year$147,537
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$6,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,329

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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