Overview
What is Jakc Foundation?
The Jakc Foundation is a nonprofit organization situated in Kansas City, Kansas, specifically at 284th Avenue. Its primary mission is to support the activities of Junior Achievement of Middle America Inc., fostering youth financial and career education. To accomplish this, the foundation entered into a financing arrangement using federal New Market Tax Credits under Section 45D of the Code, investing in the necessary improvements, equipment, and operations for the development of a learning laboratory and center in Kansas City, Kansas. This center aims to provide essential resources for Junior Achievement's programs, enabling young individuals to gain valuable insights into financial management and career development.
Is Jakc Foundation legitimate?
Jakc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jakc 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 Jakc Foundation?
The Jakc Foundation's mission is centered around supporting the activities of Junior Achievement of Middle America Inc. More specifically, the foundation aims to contribute to the development, equipping, and operation of a new youth financial and career learning laboratory and center. This endeavor is being funded through a financing arrangement utilizing federal New Market Tax Credits under Section 45D of the tax code, which will facilitate the necessary improvements, equipment, and operations required for the center's establishment.
Who is the CEO of Jakc Foundation?
Megan Sturges Stanfield is the President of Jakc Foundation. The CEO's salary of Jakc Foundation is $0 and their total compensation is $145,750.
What is the revenue of Jakc Foundation?
Jakc Foundation's revenue in 2022 was $43,884.
Who are the executives of Jakc Foundation and what are their salaries?
There 5 volunteers at Jakc Foundation.
Here are 6 key members and their salaries (Jakc Foundation's CEO's salary is $0 and their total compensation is $145,750):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $132,500
- Other: $13,250
Where can I find the form 990 for Jakc Foundation?
Jakc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jakc Foundation
The Jakc Foundation, a philanthropic organization, is dedicated to supporting the activities of Junior Achievement of Middle America Inc. Specifically, its mission involves contributing to the development, equipping, and operational expenses of a new youth financial and career learning laboratory and center in Kansas City. To achieve this, Jakc Foundation has entered into a financing arrangement utilizing federal New Market Tax Credits under Section 45D of the Code. This arrangement facilitates the improvements, acquisition of necessary equipment, and operations required for the construction of the center. In essence, the Jakc Foundation's mission is to empower Junior Achievement by aiding in the establishment of an educational hub, fostering financial and career literacy among young individuals.
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Impact
October, 2024
The Jakc Foundation significantly enhances educational opportunities by funding the development, equipment, and operations of a new youth financial and career learning laboratory in Kansas City, Kansas. This initiative supports Junior Achievement of Middle America Inc., aiming to equip young individuals with essential skills for their financial and professional futures. By leveraging federal New Market Tax Credits, the foundation ensures that the center is well-resourced to provide impactful programs, addressing the critical need for financial literacy and career readiness among youth in the community. The foundation's efforts contribute to building a stronger, more informed future generation, empowering them with the tools necessary for success in an increasingly complex economic landscape.
This information is meant to be a general summary of Jakc 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: $43,884
- Gross Receipts: $43,884
Assets and Liabilities:
- Total Assets: $4,899,883
- Total Liabilities: $0
- Net Assets: $4,899,883
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Organization Details
Founding Year
2020
Phone
(816) 608-1672Principal Officer
Megan Sturges Stanfield
Main Address
2842 W 47TH AVE, KANSAS CITY, KS, 66103
NTEE Category
Code: B11 - Education
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