The Jernigan Foundation
The Jernigan Foundation faces recurring operational deficits despite a substantial asset base and zero executive compensation.
EIN: 208111798 · Olympia, WA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $581K |
| Total Expenses | $508K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is The Jernigan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Jernigan Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Jernigan Foundation
The Jernigan Foundation (EIN: 208111798) is a nonprofit organization based in Olympia, WA, classified under NTEE code T22. The organization reported total revenue of $581K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Jernigan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Jernigan Foundation is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $332K |
| Total Expenses | $508K |
| Surplus / Deficit | $-175,613 |
| Total Assets | $1.8M |
| Total Liabilities | $13 |
| Net Assets | $1.8M |
| Operating Margin | -52.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 42.0 months |
Financial Health Grade: B
In 2024, The Jernigan Foundation reported a deficit of $176K with expenses exceeding revenue, holds 42.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2024), The Jernigan Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +43.4% | +12.5% | -4.7% |
| 2023 | -52.9% | +96.2% | -25.0% |
| 2021 | +78.0% | -54.3% | +11.8% |
| 2020 | -23.6% | -29.0% | -9.3% |
| 2019 | -34.1% | +31.5% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 The Jernigan Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Jernigan Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $176K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers. This is a strong positive, suggesting a high dedication to mission and efficient use of funds, especially for an organization with assets nearing $1.8 million.
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 The Jernigan Foundation's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 202406, 202306) where expenses significantly exceed revenue.
- Declining asset base from a peak of $2.8 million in 2018 to $1.78 million in 2024.
Strengths
The following positive indicators were identified for The Jernigan Foundation:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission over executive pay.
- Substantial asset base of $1,778,783 provides financial stability despite recent deficits.
- Minimal to no reported liabilities in most filing periods, suggesting good financial management of debt.
Frequently Asked Questions about The Jernigan Foundation
Is The Jernigan Foundation a legitimate charity?
The Jernigan Foundation (EIN: 208111798) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $581K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Jernigan Foundation spend its money?
The Jernigan Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Jernigan Foundation tax-deductible?
The Jernigan Foundation is registered as a tax-exempt nonprofit (EIN: 208111798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Jernigan Foundation CEO make?
The Jernigan Foundation's highest-compensated officer earns $1.8 annually. The organization reported $581K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Jernigan Foundation's spending goes to programs?
The Jernigan Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Jernigan Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Jernigan Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Jernigan Foundation located?
The Jernigan Foundation is headquartered in Olympia, Washington and files with the IRS under EIN 208111798. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Jernigan Foundation have?
The Jernigan Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $581K in total revenue.
Is The Jernigan Foundation financially sustainable given recent deficits?
The foundation has reported expenses exceeding revenue in several recent periods (e.g., 202406, 202306, 202006, 201906). While it has a substantial asset base of $1,778,783, this trend is not sustainable long-term and could deplete assets if not reversed.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation is a significant strength, indicating that leadership is not drawing salaries from the organization. This suggests a high proportion of funds are directed towards programs and operations, rather than executive pay.
Why have the foundation's assets decreased over time?
Assets have declined from a peak of $2,801,226 in 201806 to $1,778,783 in 202406. This decrease is likely due to the recurring operational deficits where expenses have outpaced revenue, drawing down the organization's reserves.
Filing History
IRS 990 filing history for The Jernigan Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2024), The Jernigan Foundation's revenue has declined by 8.3%, moving from $362K to $332K. Total assets increased by 1193.5% over the same period, from $137K to $1.8M. Total functional expenses rose by 1.5%, from $501K to $508K. In its most recent filing year (2024), The Jernigan Foundation reported a deficit of $176K, with expenses exceeding revenue. The organization holds $13 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $332K | $508K | $1.8M | $13 | — | — |
| 2023 | $232K | $451K | $1.9M | $0 | — | View 990 |
| 2021 | $493K | $230K | $2.5M | $0 | — | View 990 |
| 2020 | $277K | $504K | $2.2M | $0 | — | View 990 |
| 2019 | $362K | $710K | $2.5M | $0 | — | View 990 |
| 2018 | $550K | $540K | $2.8M | $0 | — | View 990 |
| 2017 | $2.9M | $277K | $2.8M | $0 | — | View 990 |
| 2016 | $340K | $335K | $143K | $0 | — | View 990 |
| 2015 | $362K | $501K | $137K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $332K, expenses of $508K, and assets of $1.8M (revenue +43.4% year-over-year).
- 2023: Revenue of $232K, expenses of $451K, and assets of $1.9M (revenue -52.9% year-over-year).
- 2021: Revenue of $493K, expenses of $230K, and assets of $2.5M (revenue +78.0% year-over-year).
- 2020: Revenue of $277K, expenses of $504K, and assets of $2.2M (revenue -23.6% year-over-year).
- 2019: Revenue of $362K, expenses of $710K, and assets of $2.5M (revenue -34.1% year-over-year).
- 2018: Revenue of $550K, expenses of $540K, and assets of $2.8M (revenue -81.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $277K, and assets of $2.8M (revenue +759.4% year-over-year).
- 2016: Revenue of $340K, expenses of $335K, and assets of $143K (revenue -6.0% year-over-year).
- 2015: Revenue of $362K, expenses of $501K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Jernigan Foundation:
Data Sources and Methodology
This transparency report for The Jernigan Foundation 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.