Overview
What is Childrens Jubilee Fund?
The Children's Jubilee Fund is a dedicated nonprofit organization that focuses on uplifting low-income urban youth. Their primary objective is to grant scholarships, enabling these young individuals to attend Christian schools. The Fund operates on a need-based principle, providing partial financial aid to families with an annual income below $44,000. By offering this assistance, the Children's Jubilee Fund strives to broaden educational opportunities for underprivileged youth, thus contributing to their overall growth and development.
Official website here: www.jubileefund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the Children's Jubilee Fund's performance in terms of accountability and financial health, indicating some strengths but also areas needing improvement. The fund has a solid program expense ratio of 80.34%, suggesting a significant portion of its resources is directed towards its charitable activities.
The organization boasts a fully independent board, with 80% of its members being independent, which enhances governance and oversight. There are no issues regarding material diversion of assets, which speaks to the integrity of its financial management. Additionally, the charity has policies in place for conflict of interest and maintains documented board meeting minutes, reinforcing its commitment to transparency.
However, the Children's Jubilee Fund has notable limitations that impact its overall rating. It lacks a whistleblower policy and document retention and destruction policies, both of which are vital for safeguarding ethical practices within the organization. Moreover, the absence of its tax form on the nonprofit's website could hinder transparency for potential donors and stakeholders. Overall, while the organization shows promise in its financial commitment to its mission, addressing these governance gaps would bolster its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Childrens Jubilee Fund legitimate?
Childrens Jubilee Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Childrens Jubilee 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:
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Other Salaries and Wages: $132,031
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Official website here: www.jubileefund.org
What is the mission statement of Childrens Jubilee Fund?
The Children's Jubilee Fund is dedicated to providing need-based scholarships for low-income urban youth, enabling them to attend Christian schools. Their mission is to offer partial financial assistance to families with an annual income below $44,000. The organization raises and distributes these scholarship funds to support the education of these young individuals, aiming to provide them with opportunities that may otherwise be unattainable. The Children's Jubilee Fund seeks to make quality education more accessible, thereby empowering these urban youth to build a better future.
Official website here: www.jubileefund.org
Who is the CEO of Childrens Jubilee Fund?
Donald Spooner is the Treasurer of Childrens Jubilee Fund.
Official website here: www.jubileefund.org
What is the revenue of Childrens Jubilee Fund?
Childrens Jubilee Fund's revenue in 2022 was $713,902.
Official website here: www.jubileefund.org
Who are the executives of Childrens Jubilee Fund and what are their salaries?
The average compensation at Childrens Jubilee Fund during 2022 was $26,406. There are 5 employees and 2 volunteers at Childrens Jubilee Fund.
Here are 13 key members and their salaries:
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Official website here: www.jubileefund.org
Where can I find the form 990 for Childrens Jubilee Fund?
Childrens Jubilee Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jubileefund.org
Learn more at the official website: www.jubileefund.org
Mission Statement of Childrens Jubilee Fund
The Children's Jubilee Fund is an organization committed to providing need-based scholarships. Their mission is to support low-income urban families by offering partial financial assistance for their children to attend Christian schools. The fund aims to make quality education accessible to those with a household income below $44,000, thereby empowering these youth with educational opportunities.
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Impact
October, 2024
Childrens Jubilee Fund has a significant impact by providing need-based scholarships to low-income urban youth, enabling them to attend Christian schools. By raising and distributing scholarship funds, the organization supports families with household incomes under $44,000, helping to bridge the financial gap for educational opportunities that might otherwise be out of reach. This assistance not only enhances access to quality education but also fosters a supportive community where young individuals can thrive academically and spiritually. Through its mission, Childrens Jubilee Fund plays a vital role in promoting educational equity and empowering families in Wyncote, PA, and beyond.
This information is meant to be a general summary of Childrens Jubilee 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: $158
- Gross Receipts: $713,902
Assets and Liabilities:
- Total Assets: $518,652
- Total Liabilities: $2,692
- Net Assets: $515,960
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Organization Details
Founding Year
1996
Phone
(215) 233-9866Principal Officer
Donald Spooner
Main Address
116 Greenwood Avenue, Wyncote, PA, 19095
Website
www.jubileefund.orgNTEE Category
Code: T30 - Philanthropy
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