philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Jwc Foundation FY2023 filing

Tax-deductible

Richmond, VA501(c)(3)Since 2022Community Development EIN 88-1731609Revenue $438K in FY2023

On file with the IRSthejwcfoundation.org1717 E Cary St, 23223-6935 · Richmond, VATax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
89¢ of each $1 spent went to programs.
$163K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$163K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
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
$3K
1.0% of total assets
Looks good: liabilities are 1% 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
$438K
-46% vs prior year
Spent
$625K
To programs
89%
Net assets
$311K
By yearFY2022–FY2025
Revenue
$438K
FY2023▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2022$814K
FY2023$438K
FY2024$409K
FY2025$336K
Expenses
$625K
FY2023▲ +100%
Tap a bar for its year
Expenses by fiscal year
FY2022$312K
FY2023$625K
FY2024$576K
FY2025$453K
Net assets
$311K
FY2023▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2022$502K
FY2023$311K
FY2024$148K
FY2025$37K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

89 cents of each dollar spent went to programs.

Program services 89% · $557K Management & general 11% · $72K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $163K paid to officers and key staff.

Part VII, Section A · reportable compensation
Rasheeda Creighton
Executive Director
$113,007Pt VII · Sec A
Melody Short
Director Until 7/2023
$49,958Pt VII · Sec A
$0Pt VII · Sec A
Scott Wayne
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelli Lemon
Director
$0Pt VII · Sec A
$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 →

On this list? Claim this org

Something off? Claim to add context

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

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

Questions for The Jwc Foundation

Tap to ask. The Jwc Foundation sees how many people are interested.

Your first name shows with your question. The Jwc Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $243K · in their own filed words · FY2023
01

We repeated our success with the BLCK street conference. This event drew in 300 attendees in 2022 and 200 participants in 2023. Attendees were eager to learn, connect, and be inspired.

$177Kprogram expense
02

Successfully completed two cohorts of our community business academy, which served 26 aspiring business owners. Through this program, we continue to provide comprehensive training, mentorship, and resources.

$58Kprogram expense
03

We continue to maintain a strong and vibrant membership in the jackson ward collective, consisting of 178 members. This collective serves as a platform for networking, collaboration, and community building.

$8Kprogram 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
The Community Foundation INCFY2024$31K
Vilcap INCFY2024$12K
Total grants receivedfrom 2 funders$43K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$438K
Ln 12
Gifts and grantsLn 1h$417K
Fees for servicesLn 2g$13K
Investment incomeLn 3$8K
Money outPt IX
$625K
Ln 25
Programscol B$557K
Managementcol C$72K
Owns and owesPt X
$311K
net assets · Ln 32
Cash and savingsLn 1–2$313K
Total assetsLn 16$314K
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Fees for servicesLn 2g$13K
Investment incomeLn 3$8K
Other incomeLn 4–11$102
Total revenueLn 12$438K
Assets in detailPt X, end of year
CashLn 1$313K
Cash and savings togetherLn 1–2$313K
Land, buildings, equipmentLn 10c$763
Total assetsLn 16$314K
LiabilitiesLn 26$3K
Net assetsLn 32$311K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
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
LineStart FY23End FY23
Cash and savingsLn 1–2$508K$313K
Land, buildings, equipmentLn 10c$763
Total assetsLn 16$513K$314K
LiabilitiesLn 26$12K$3K
Net assetsLn 32$502K$311K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$113K$113K
Other salaries and wagesLn 7$136K$136K
Other employee benefitsLn 9$22K$22K
Payroll taxesLn 10$20K$20K
Legal feesLn 11b$8K$5K$3K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$51K$32K$19K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$3K$3K
Information technologyLn 14$3K$3K
TravelLn 17$2K$431$2K
Conferences, conventions and meetingsLn 19$177K$177K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$61K$52K$9K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$625K$557K$72K$0

Filing history

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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $437,769 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $810,565$417,440
I-9 Program service revenue$12,503
I-10 Investment incomePrior year $3,177$7,724
I-11 Other revenuePrior year $4$102
I-12 Total revenuePrior year $813,746$437,769
I-13 Grants and similar amounts paidPrior year $7,149$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $90,609$290,451
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $214,343$334,111
I-18 Total expensesPrior year $312,101$624,562
I-19 Revenue less expensesPrior year $501,645−$186,793
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $437,769 across 5 lines filed
Lines not itemized here account for $12,605 of total revenue; see the IRS return.
VIII-1b Membership dues$6,155
VIII-1f All other contributions, gifts and grants$411,285
VIII-1h Total contributions, gifts and grants$417,440
VIII-3 Investment incomeRelated to mission $7,724$7,724
VIII-12 Total revenueRelated to mission $13,981 · Unrelated business $0 · Excluded from tax $0$437,769
Part IX · Statement of functional expenses $624,562 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $113,007$113,007
IX-7 Other salaries and wagesPrograms $135,605$135,605
IX-9 Other employee benefitsPrograms $21,821$21,821
IX-10 Payroll taxesPrograms $20,018$20,018
IX-11b Legal feesPrograms $4,550 · Management $3,465$8,015
IX-11c Accounting feesManagement $7,150$7,150
IX-11g Other fees for servicesPrograms $31,500 · Management $19,039$50,539
IX-12 Advertising and promotionManagement $10,350$10,350
IX-13 Office expensesManagement $2,732$2,732
IX-14 Information technologyManagement $3,039$3,039
IX-17 TravelPrograms $431 · Management $1,992$2,423
IX-19 Conferences, conventions and meetingsPrograms $177,444$177,444
IX-23 InsuranceManagement $1,913$1,913
IX-24 Other expenses (24a–d)Programs $52,155 · Management $9,217$61,372
IX-24e All other expensesManagement $9,134$9,134
IX-25 Total functional expensesPrograms $556,531 · Management $71,721 · Fundraising $0$624,562
Part X · Balance sheet $314,253 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $508,153$312,940
X-9 Prepaid expenses and deferred charges$550
X-10c Land, buildings and equipment, net$763
X-16 Total assetsStart of year $513,343$314,253
X-25 Other liabilitiesStart of year $11,698$3,124
X-26 Total liabilitiesStart of year $11,698$3,124
X-27 Net assets without donor restrictionsStart of year $501,645$314,819
X-28 Net assets with donor restrictionsStart of year $0−$3,690
X-32 Total net assets or fund balancesStart of year $501,645$311,129
X-33 Total liabilities and net assetsStart of year $513,343$314,253
Part XI · Reconciliation of net assets $311,129 net assets at year end
XI-1 Total revenue$437,769
XI-2 Total expenses$624,562
XI-3 Revenue less expenses−$186,793
XI-4 Net assets at start of year$501,645
XI-8 Prior period adjustments−$33
XI-10 Net assets at end of year$311,129

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.