The Jernigan Foundation
Nonprofit profile at a glance
- EIN
- 208111798
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Olympia, WA, USA
- Phone
- 3607913917
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Private Independent Foundations
- Affiliation
- Christianity
Reported finances
- Revenue
- $580,858
- Expenses
- $580,594
- Assets
- $1,778,783
- Liabilities
- $267
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- TANYA JERNIGAN (President)
- JESSICA VAN HATCHER (Vice President)
People named in this filing
- KATRIEL JERNIGAN (Director)
- THEODORE JERNIGAN (Director)
- CAM NGUYEN (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
Mission is to provide support to: 1) accredited public and parochial schools, colleges, and universities by providing funds to qualified educational institutions; 2) qualified charitable organizations, particularly those that care for and support individuals in need; 3) qualified churches and church missions; 4) foreign organizations which have resonable determined to be organized and operated as an irc sec. 501(c)(3) organization and in good faith determined to be described in irc sec. 509(a)(1), (2), or (3) or for which the corporation will assume expenditure responsibility in accordance with the requirements of irc sec. 4945(h) and the regulaations thereunder for one or more purposes described in irc sec. 170(c)(2)(b); and/or 5) non-exempt domestic organizations the corporation will assume expenditure responsibility for in accordance with the requirements of irc sec. 4945(h) and the regulations thereunder for one or more purposes described in irc sec. 170(c)(2)(b).
What it reported doing in 2024
Distributed grants to foreign organizations which ahve been reasonably determined to be organized and operated as an irc section 501(c)(3) organization and in good faith determined to be described in irc section 506(a)(1), (2), or (3) or for which the corporation will assume expenditure responsibility in accordance with the requirements of irc section 4945(h) and the regulations thereunder for one or more purposes described in section 170(c)(2)(b) of the code.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - A large share of available resources goes toward mission work and program spending has grown recently. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 55
- Accountability: 18
- Sustainability: 58
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94%; rating input score 94
- Program expense ratio: 91.9%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 0%; rating input score 0; 13th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 11.1%; rating input score 11; 9th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 3.06; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: -15.2% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 94% of revenue deployed · 91.9% of spending went to programs
- Governance: 1 of 9 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $534K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes major donors and foreign activity
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- 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 — Accountability: Independent voting board scored 11/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.