Jumpstart Coalition for Personal Financial Literacy
Nonprofit profile at a glance
- EIN
- 522031287
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-N 2011
- Location
- Hollywood, MD, USA
- Phone
- 2028466780
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $1,576,392
- Expenses
- $2,258,809
- Assets
- $1,840,268
- Liabilities
- $488,237
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- LAURA LEVINE NON-VOTING (PRESIDENT/CEO)
Highest reported compensation
- LAURA LEVINE NON-VOTING (PRESIDENT/CEO): $214,444 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Jumpstart is a coalition of diverse financial education stakeholders. These organizations work together to educate and prepare our nation's youth for life-long financial success.
What it reported doing in 2024
Project groundswell/check your school - in 2019, jumpstart launched check your school, a public-engagement campaign designed to support the goals of project groundswell. The website features a searchable database where you can "check your school," then "check at your school and share what you know. In 2023 a program called the jump$tart teen teach-in was also incorporated in this campaign, entailing high school teachers taking their students into elementary schools and having high school students teachc a lesson on basic personal finance to the younger kids.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 70
- Accountability: 84
- Sustainability: 20
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 75.4%; rating input score 75
- Fundraising efficiency: $6.58 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -43.3%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: -6% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 75.4% of spending went to programs
- Governance: 27 of 27 board members independent · 5 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.7M in reported program spending
- Leadership: top reported pay $214K · 28 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $212K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.