Frank H Jernigan Charitable Foundation Inc
Frank H Jernigan Charitable Foundation maintains over $1 million in assets with zero executive compensation.
EIN: 203246117 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Frank H Jernigan Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank H Jernigan Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank H Jernigan Charitable Foundation Inc
Frank H Jernigan Charitable Foundation Inc (EIN: 203246117) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $631K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank H Jernigan Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank H Jernigan Charitable Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $43K |
| Surplus / Deficit | +$8K |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | 15.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 295.8 months |
Financial Health Grade: A
In 2023, Frank H Jernigan Charitable Foundation Inc reported a surplus of $8K with revenue exceeding expenses, holds 295.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Frank H Jernigan Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.5% | +19.0% | +0.7% |
| 2022 | -52.6% | -87.1% | +5.4% |
| 2021 | +289.5% | +424.8% | -8.3% |
| 2020 | -19.0% | -29.5% | -0.4% |
| 2019 | -24.1% | +26.6% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Frank H Jernigan Charitable Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Frank H Jernigan Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Frank H Jernigan Charitable Foundation Inc's IRS 990 filings:
- Significant fluctuation in annual revenue
- Expenses exceeded revenue in 2021 by a substantial margin ($281,821 vs $190,996)
Strengths
The following positive indicators were identified for Frank H Jernigan Charitable Foundation Inc:
- Consistent asset base over $1 million
- Zero officer compensation reported across all filings
- Extremely low liabilities ($1) indicating strong financial health
- Long history of IRS 990 filings (10 filings provided)
Frequently Asked Questions about Frank H Jernigan Charitable Foundation Inc
Is Frank H Jernigan Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank H Jernigan Charitable Foundation Inc (EIN: 203246117) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Frank H Jernigan Charitable Foundation Inc spend its money?
Frank H Jernigan Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frank H Jernigan Charitable Foundation Inc tax-deductible?
Frank H Jernigan Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203246117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Frank H Jernigan Charitable Foundation Inc financially stable?
Yes, the foundation appears financially stable, consistently maintaining over $1 million in assets and reporting minimal liabilities ($1) across all filings. While revenue fluctuates, assets have remained robust.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation in all available filings, indicating a volunteer-led structure and efficient use of funds.
What caused the significant expense increase in 2021?
In 2021, expenses were $281,821 against revenues of $190,996. Without detailed program expense breakdowns, it's unclear if this was due to a large program initiative or an unusual administrative cost, but it did lead to a temporary dip in assets.
Filing History
IRS 990 filing history for Frank H Jernigan Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Frank H Jernigan Charitable Foundation Inc's revenue has grown by 16.7%, moving from $44K to $51K. Total assets increased by 18% over the same period, from $902K to $1.1M. Total functional expenses rose by 44.6%, from $30K to $43K. In its most recent filing year (2023), Frank H Jernigan Charitable Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $43K | $1.1M | $1 | — | View 990 |
| 2022 | $90K | $36K | $1.1M | $1 | — | View 990 |
| 2021 | $191K | $282K | $1.0M | $1 | — | — |
| 2020 | $49K | $54K | $1.1M | $1 | — | — |
| 2019 | $61K | $76K | $1.1M | $1 | — | View 990 |
| 2015 | $80K | $60K | $1.1M | $1 | — | View 990 |
| 2014 | $76K | $20K | $1.1M | $1 | — | View 990 |
| 2013 | $26K | $49K | $1.1M | $1 | — | View 990 |
| 2012 | $236K | $43K | $1.1M | $1 | — | View 990 |
| 2011 | $44K | $30K | $902K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $43K, and assets of $1.1M (revenue -43.5% year-over-year).
- 2022: Revenue of $90K, expenses of $36K, and assets of $1.1M (revenue -52.6% year-over-year).
- 2021: Revenue of $191K, expenses of $282K, and assets of $1.0M (revenue +289.5% year-over-year).
- 2020: Revenue of $49K, expenses of $54K, and assets of $1.1M (revenue -19.0% year-over-year).
- 2019: Revenue of $61K, expenses of $76K, and assets of $1.1M (revenue -24.1% year-over-year).
- 2015: Revenue of $80K, expenses of $60K, and assets of $1.1M (revenue +4.4% year-over-year).
- 2014: Revenue of $76K, expenses of $20K, and assets of $1.1M (revenue +194.4% year-over-year).
- 2013: Revenue of $26K, expenses of $49K, and assets of $1.1M (revenue -89.0% year-over-year).
- 2012: Revenue of $236K, expenses of $43K, and assets of $1.1M (revenue +439.5% year-over-year).
- 2011: Revenue of $44K, expenses of $30K, and assets of $902K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank H Jernigan Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Frank H Jernigan Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.