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Jb Charitable Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824905708 ✦ Westmont, IL ✦ Designated as a 501(c)(3)

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Overview

What is Jb Charitable Foundation?

The JB Charitable Foundation, situated in Westmont, IL, is a nonprofit organization dedicated to raising funds through annual events. They target 501(c)(3) organizations that are exempt from federal taxation. Recently, they hosted the Charity Shootout at Max Mcgraw Wildlife Foundation, generating proceeds that were distributed to charitable organizations like Convoy of Hope, Chicago Commons, and Erie Neighborhood House. The Foundation's primary mission is to contribute to the noble cause supported by these exempt organizations.

Is Jb Charitable Foundation legitimate?

Jb Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jb Charitable Foundation submitted a form 990EZ, 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.

What is the mission statement of Jb Charitable Foundation?

The JB Charitable Foundation's primary objective is to collect funds through annual events and distribute them to charitable organizations that meet certain exemption criteria under U.S. tax law. Recently, they organized and hosted the Charity Shootout at the Max Mcgraw Wildlife Foundation, from which proceeds were given to organizations like Convoy of Hope, Chicago Commons, and Erie Neighborhood House. The foundation does not have a publicly stated mission statement regarding its objectives or goals beyond this fundraising and distribution activity.

Who is the CEO of Jb Charitable Foundation?

William J O'Malley is the President of Jb Charitable Foundation.

What is the revenue of Jb Charitable Foundation?

Jb Charitable Foundation's revenue in 2023 was $135,909.

Who are the executives of Jb Charitable Foundation and what are their salaries?


Here are 3 key members and their salaries:


William J O'Malley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott E Becker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Corcoran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Jb Charitable Foundation?

Jb Charitable Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Jb Charitable Foundation

The JB Charitable Foundation, in its mission, hosts annual events to raise funds. These events attract contributions, which the foundation then distributes to organizations that fall under Section 501(a) and 501(c)(3) of the U.S. tax code, exempt from federal income tax. One of their recent events, the Charity Shootout, took place at Max Mcgraw Wildlife Foundation on June 3, 2022. Proceeds from this event were channeled to various charitable organizations, such as Convoy of Hope, Chicago Commons, and Erie Neighborhood House. The JB Charitable Foundation's mission is geared towards supporting these tax-exempt, nonprofit organizations, thereby contributing to their charitable causes.

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Impact




October, 2024

The JB Charitable Foundation has a significant impact on the community by organizing events that generate funding for various charitable organizations. One of its hallmark events is the annual Charity Shootout, which serves to mobilize resources for numerous nonprofit groups. In 2022, this event took place at the Max McGraw Wildlife Foundation, showcasing the Foundation's commitment to recreation combined with philanthropy.

Through its efforts, the Foundation has supported organizations like Convoy of Hope, Chicago Commons, and Erie Neighborhood House, enabling them to further their missions and assist those in need. By hosting these events, the JB Charitable Foundation not only raises critical funds but also fosters community engagement and awareness of philanthropic efforts within Westmont, IL, and beyond. This multi-faceted approach not only enhances recreational activities but also strengthens the social fabric by addressing pressing community issues through collaborative support.




This information is meant to be a general summary of Jb Charitable 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.

Revenue
$135,909 (2023)
Expenses
$143,790 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $135,909

Assets and Liabilities:

  • Total Assets: $32,905
  • Total Liabilities: $0
  • Net Assets: $32,905

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Organization Details

Principal Officer

William J O'Malley

Main Address

999 OAKMONT PLAZA DRIVE STE400, WESTMONT, IL, 60559

NTEE Category

Code: N60 - Recreation

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