The Jcpenney Foundation

Nonprofit profile at a glance

EIN
752966166
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Plano, TX, USA
Phone
9724315628
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$2,586,299
Expenses
$1,437,851
Assets
$4,704,151
Liabilities
$115,605

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

Leadership & pay

12 people listed

Executive titles in this filing

  • MICHELLE SING (PRESIDENT)
  • DEBBIE MASSIMI (VICE PRESIDENT, TAX MATTERS)
  • TIFFANY WHITE (VICE PRESIDENT AND CONTROLLER)

People named in this filing

  • ANDRE JOYNER (CHAIRMAN)
  • OTIS BUCHANAN (DIRECTOR)
  • KEVIN MCGHEE (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support america's diverse, working families with access to skill-building and resources that allow everyone to thrive.

What it reported doing in 2024

The jcpenney foundation ("the foundation") was established on october 15, 2001 to provide children with high quality, affordable after-school programs to help them reach their full potential. Through collaboration, funding, and volunteer support, the foundation worked with national providers of after-school care to raise awareness of the need for after-school programs. The foundation is currently organized and operated to celebrate and serve america's diverse, working families today by offering access to skill-building and resources that allow everyone to thrive. To meet this goal, the foundation invests in leading nonprofits making strides in three critical areas: job readiness, health & well being and inclusive access to education.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 74
  • Accountability: 30
  • Sustainability: 85
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.4%; rating input score 52
  • Program expense ratio: 88.5%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 40.8%; rating input score 41; 14th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 44.4%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 3.27; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: -4.4% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -13.1% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings

Details

  • Where the money goes: 52.4% of revenue deployed · 88.5% of spending went to programs
  • Governance: 0 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 42 filed money-flow records
  • Related organizations: 43 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 41/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.