Overview
What is Jewel Foundation Incorporated?
Jewel Foundation Incorporated is a nonprofit organization situated in La Jolla, California. With a modest workforce of four individuals, its primary mission is to provide affordable housing for Christian Scientists who may be financially struggling or fall below the market value. By managing and maintaining 42 apartment units, this organization strives to support and uplift this specific religious community in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall performance in accountability and finance, indicating that while there are several strengths, there are also significant areas requiring improvement. The 72% score suggests that Jewel Foundation Incorporated demonstrates a reasonable level of financial health and transparency.
One of the organization's notable strengths is its high program expense ratio of 94.75%, indicating that a large majority of its resources are directed towards its programs rather than administrative costs. Additionally, they have established robust governance policies, including a conflict of interest policy and a whistleblower policy, both of which are vital for maintaining a transparent and ethical operation. The presence of documented board meeting minutes also suggests a commitment to accountability.
However, there are critical weaknesses that affect the overall rating, particularly in the area of financial transparency. The absence of financial statements and tax forms on their website limits the public's ability to assess their financial health comprehensively. Furthermore, the board composition shows a lack of independent members, which can sometimes indicate a need for more diverse perspectives in decision-making. Overall, while Jewel Foundation Incorporated has commendable programmatic focus, its governance and transparency practices could benefit from significant enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is Jewel Foundation Incorporated legitimate?
Jewel Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jewel Foundation Incorporated 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,103
For more financial information, click here
What is the mission statement of Jewel Foundation Incorporated?
Jewel Foundation Incorporated's mission is centered around providing affordable housing solutions. Specifically, the organization operates and maintains 42 apartment units, catering to Christian Scientists who face financial hardships or have insufficient means. The foundation offers these units at rents that are lower than the market rate, ensuring that this particular religious community has access to decent living spaces despite their financial circumstances.
Who is the CEO of Jewel Foundation Incorporated?
Roby D Ogan is the President of Jewel Foundation Incorporated.
What is the revenue of Jewel Foundation Incorporated?
Jewel Foundation Incorporated's revenue in 2022 was $796,175.
Who are the executives of Jewel Foundation Incorporated and what are their salaries?
The average compensation at Jewel Foundation Incorporated during 2022 was $13,526. There are 4 employees at Jewel Foundation Incorporated.
Here are 6 key members and their salaries:
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $8,600
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Jewel Foundation Incorporated?
Jewel Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jewel Foundation Incorporated
Jewel Foundation Incorporated is dedicated to providing a vital service within the Christian Scientist community. Their mission is to operate and maintain 42 apartment units, offering affordable housing options for Christian Scientists who find themselves in financially challenging circumstances or lack sufficient resources. By doing so, the foundation ensures that these individuals can reside in these apartments at rents that are lower than the market value. This mission underscores Jewel Foundation Incorporated's commitment to supporting its community members in need, providing them with a stable living environment as they navigate their financial challenges.
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Impact
July, 2024
Jewel Foundation Incorporated has a significant impact on the community by operating and maintaining 42 apartment units for Christian Scientists of poor or inadequate means at rents below market value. Through this initiative, the organization provides affordable housing options to those in need, helping to address issues of homelessness and housing insecurity. Their dedication to offering affordable and supportive housing contributes to the well-being and stability of individuals and families in the LA JOLLA area.
This information is meant to be a general summary of Jewel Foundation Incorporated. 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: -$21,234
- Program Service Revenue: $292,409
- Gross Receipts: $975,763
Assets and Liabilities:
- Total Assets: $2,012,074
- Total Liabilities: $23,175
- Net Assets: $1,988,899
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apt. Rentals
Revenue
$292,409
Organization Details
Founding Year
1974
Phone
(858) 452-9746Principal Officer
Roby D Ogan
Main Address
PO Box 1757, La Jolla, CA, 92038
NTEE Category
Code: L22Z - Housing
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