Overview
What is The J127 Foundation?
The J127 Foundation is a supporting organization located at 9657 Blake Lane, Fairfax, Virginia. Its primary role is to aid the J127 Education Foundation by providing financial assistance for various expenses and ensuring the repayment of the latter's bank loans. This backing enables the J127 Education Foundation to undertake unexpected capital expenditures and events without hindering its mission. In essence, The J127 Foundation acts as a financial ally, offering necessary contributions and guaranteeing debt, thereby strengthening the supported organization's operational capacity.
Is The J127 Foundation legitimate?
The J127 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The J127 Foundation 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 The J127 Foundation?
The J127 Foundation acts as a supporting organization for the J127 Education Foundation. Its role involves making necessary contributions to the Education Foundation to uphold its mission and guaranteeing its debt as needed. During the period of July 1, 2021, to June 30, 2022, the Foundation covered certain professional fees and administrative expenses for the supported organization. Furthermore, the assets of the J127 Foundation serve as a guarantee for the Education Foundation's outstanding bank loans. The Foundation also provides funding for unbudgeted one-time capital expenditures and events by the J127 Education Foundation to ensure that mission operations are not impeded.
Who is the CEO of The J127 Foundation?
Christin Soly is the Chairman of The J127 Foundation.
What is the revenue of The J127 Foundation?
The J127 Foundation's revenue in 2022 was $101,840.
Who are the executives of The J127 Foundation and what are their salaries?
There 5 volunteers at The J127 Foundation.
Here are 7 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Related: $161,108
- Other: $1,288
- Compensation: $0
- Related: $95,696
- Other: $21,777
Where can I find the form 990 for The J127 Foundation?
The J127 Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The J127 Foundation
The J127 Foundation serves as a supporting organization to the J127 Education Foundation, providing necessary contributions and guaranteeing the debt of the supported organization as needed. Its mission is to ensure the continuity and success of the J127 Education Foundation, offering financial assistance and backing when required. During the period of July 1, 2021, to June 30, 2022, the J127 Foundation covered certain professional fees and administrative expenses for the supported organization. Furthermore, the assets of the J127 Foundation serve as a guarantee for outstanding bank loans held by the J127 Education Foundation. The foundation also funds unbudgeted one-time capital expenses and events by the J127 Education Foundation, thereby preventing any potential hindrances to its mission operations.
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Impact
October, 2024
The J127 Foundation significantly enhances the operational capabilities of the J127 Education Foundation through strategic financial support. By funding professional fees and administrative expenses, it ensures the smooth functioning of the education mission, allowing the foundation to focus on its core objectives without financial strain.
Additionally, the foundation's assets are utilized to guarantee outstanding bank loans, providing a safety net that fosters stability and confidence in the organization's financial health. This support is crucial for managing unbudgeted, one-time capital expenditures and organizing events, enabling the J127 Education Foundation to adapt and respond to immediate needs without jeopardizing its mission. Ultimately, the J127 Foundation's impact lies in its role as a reliable financial backbone that empowers the educational initiatives it supports.
This information is meant to be a general summary of The J127 Foundation. 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: $101,840
- Gross Receipts: $188,995
Assets and Liabilities:
- Total Assets: $24,370,865
- Total Liabilities: $15,895,754
- Net Assets: $8,475,111
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Organization Details
Founding Year
2003
Phone
(571) 221-5130Principal Officer
Christin Soly
Main Address
9657 BLAKE LANE, FAIRFAX, VA, 22031
NTEE Category
Code: L22 - Housing
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