Overview
What is Jonathan Club Charitable Fund?
The Jonathan Club Charitable Fund is a nonprofit organization situated in Los Angeles, California, specifically at 545 S Figueroa Street. Their mission is dedicated to supporting charitable and educational causes within their local community. They achieve this goal by granting funds to organizations that adhere to Section 501(C)(3) of the Internal Revenue Code and by maintaining a scholarship fund. This scholarship fund is allocated to Jonathan Club employees, their family members, and spouses, selected by a committee of financial aid professionals based on academic achievement, community involvement, and other significant contributions. In 2022, the fund provided scholarships covering tuition, fees, books, and necessary course supplies for 13 students pursuing higher education or vocational training.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Jonathan Club Charitable Fund has achieved a strong score of 94%, reflecting its commitment to accountability and financial health. This high rating indicates that the organization effectively manages its resources and maintains transparency in its operations. The rating is based solely on the Accountability & Finance beacon, demonstrating a robust evaluation in these critical areas.
Strengths of the organization include a fully independent board, with all ten members meeting the criteria for independence. Additionally, the Fund has shown no material diversion of assets and possesses comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention. The organization's excellent liability-to-assets ratio of 0.00% further underscores its financial stability and prudent management.
While the Jonathan Club Charitable Fund has demonstrated commendable practices, no specific limitations or weaknesses were noted in the ratings data. Overall, the Fund's strong emphasis on governance and fiscal responsibility positions it as a reliable choice for potential donors interested in supporting effective charitable initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Jonathan Club Charitable Fund legitimate?
Jonathan Club Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jonathan Club Charitable Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Jonathan Club Charitable Fund?
The Jonathan Club Charitable Fund's mission is geared towards supporting charitable and educational causes in its community. It accomplishes this by making grants to organizations that fall under Section 501(C)(3) of the Internal Revenue Code. Furthermore, the fund has established and maintains a scholarship fund, which it uses to award scholarships to eligible individuals based on factors such as academic achievement, community involvement, and other contributions. This independent committee of financial aid professionals from the community oversees the scholarship selection process.
Who is the CEO of Jonathan Club Charitable Fund?
Thomas G Brandt is the President of Jonathan Club Charitable Fund.
What is the revenue of Jonathan Club Charitable Fund?
Jonathan Club Charitable Fund's revenue in 2022 was $477,406.
Who are the executives of Jonathan Club Charitable Fund and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Jonathan Club Charitable Fund?
Jonathan Club Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jonathan Club Charitable Fund
The Jonathan Club Charitable Fund is committed to advancing charitable and educational causes within its community. To achieve this mission, the fund engages in two primary activities. Firstly, it grants financial assistance to organizations that fall under the umbrella of Section 501(C)(3) of the Internal Revenue Code. Secondly, the fund has established and maintains a scholarship fund, which it utilizes to award scholarships to eligible individuals. These recipients typically include Jonathan Club employees, their children, grandchildren, and spouses. The scholarship selection process is overseen by an independent committee of financial aid professionals from the community. They consider a variety of factors, such as academic achievement, community involvement, and other significant contributions, to determine the most deserving candidates. Overall, the Jonathan Club Charitable Fund plays a crucial role in supporting charitable and educational causes in its community, as well as investing in the future of its employees and their families.
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Impact
July, 2024
The Jonathan Club Charitable Fund's impact includes providing scholarships for tuition, fees, books, and necessary course supplies to support individuals in pursuing college or vocational education. In 2022, the organization supported 13 students in furthering their education. Their mission is to further charitable and educational causes in the community by granting to qualifying organizations and establishing a scholarship fund for Jonathan Club employees, their children, grandchildren, and spouses. This demonstrates their commitment to promoting academic achievement, community involvement, and other contributions within their community.
This information is meant to be a general summary of Jonathan Club Charitable Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,814
- Gross Receipts: $838,846
Assets and Liabilities:
- Total Assets: $3,553,398
- Total Liabilities: $0
- Net Assets: $3,553,398
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Organization Details
Founding Year
2003
Phone
(213) 312-5236Principal Officer
Thomas G Brandt
Main Address
545 S FIGUEROA STREET, LOS ANGELES, CA, 90071
NTEE Category
Code: T12 - Philanthropy
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