Jacobs Family Foundation

Nonprofit profile at a glance

EIN
954187111
IRS 990-PF coverage
2013–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
San Diego, CA, USA
Phone
6195276161
Rating
98
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$5,065
Expenses
$2,555,874

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Jacobs Family Foundation is a nonprofit. Location: San Diego, CA. EIN 954187111. Tax year 2024 Form 990-PF reports $5.1K revenue and $2.6M expenses.

What it reported funding in 2024

The foundation reported 1 grant totaling $2,550,000. The stated grant purpose was during the year, the foundation made a charitable grant to the jacobs center for neighborhood innovation ("jcni"), a california nonprofit public benefit corporation recognized as a public charity under 501(c)(3). the foundation indirectly controls jcni through its wholly owned disregarded entity, the joe & vi jacobs family legacy llc, which is the sole member of jcni. the grant was made to support jcni's charitable programs in community development and education. the funds were used exclusively for charitable purposes consistent with 501(c)(3) and 4941(d)-2(a)(5).the transaction is reported under 512(b)(13) as a payment to a controlled entity. the grant did not result in any unrelated business taxable income and does not constitute self-dealing under 4941..

Operating model

Revenue model
Mixed. The foundation's positive operating resources came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 100
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 81

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 82nd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 99.8%; rating input score 100; 99th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 33.08; rating input score 81; 81st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 81th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 6 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.