Civic Intelligence

The J127 Foundation

990 • Fiscal year 2022 • EIN 45-0523312

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 20, 2023

Organization ProfileN/A
9657 Blake LaneFairfax, VA 22031

(571) 221-5130

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.65x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

156.09x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

2nd percentile

-153%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

45th percentile

$162,396

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 159.5% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

16th percentile

-12%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$24,370,865

Down $3,223,693 (-12%) from 2021

Net Assets

Down

$8,475,111

Down $1,450,844 (-15%) from 2021

Liabilities

Down

$15,895,754

Down $1,772,849 (-10%) from 2021

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin2nd percentile

Revenue

Up

$101,840

Up $1,871,989 (+106%) from 2021

Expenses

Down

$258,157

Down $114,809 (-31%) from 2021

Net Income

Up

-$156,317

Up $1,986,798 (+93%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $6,189,598Liabilities 2010: $0Net Assets 2010: $6,189,5982010Assets 2011: $7,124,047Liabilities 2011: $0Net Assets 2011: $7,124,0472011Assets 2012: $6,960,375Liabilities 2012: $0Net Assets 2012: $6,960,3752012Assets 2013: $9,475,569Liabilities 2013: $3,268,388Net Assets 2013: $6,207,1812013Assets 2014: $15,684,551Liabilities 2014: $8,664,571Net Assets 2014: $7,019,9802014Assets 2015: $13,229,747Liabilities 2015: $6,252,019Net Assets 2015: $6,977,7282015Assets 2016: $18,262,188Liabilities 2016: $6,712,251Net Assets 2016: $11,549,9372016Assets 2017: $23,687,935Liabilities 2017: $12,015,841Net Assets 2017: $11,672,0942017Assets 2018: $24,427,644Liabilities 2018: $12,764,391Net Assets 2018: $11,663,2532018Assets 2019: $24,653,097Liabilities 2019: $13,147,875Net Assets 2019: $11,505,2222019Assets 2020: $24,041,572Liabilities 2020: $13,073,018Net Assets 2020: $10,968,5542020Assets 2021: $27,594,558Liabilities 2021: $17,668,603Net Assets 2021: $9,925,9552021Assets 2022: $24,370,865Liabilities 2022: $15,895,754Net Assets 2022: $8,475,1112022Assets 2023: $16,681,490Liabilities 2023: $7,777,644Net Assets 2023: $8,903,8462023Assets 2024: $20,901,411Liabilities 2024: $10,934,535Net Assets 2024: $9,966,8762024

Highlighted filing

2022

Assets$24,370,865
Liabilities$15,895,754
Net Assets$8,475,111
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $75,582Expenses 2010: $127,481Net Income 2010: -$51,8992010Revenue 2011: -$566,681Expenses 2011: $73,099Net Income 2011: -$639,7802011Revenue 2012: $153,403Expenses 2012: $148,826Net Income 2012: $4,5772012Expenses 2013: $2,722,2772013Revenue 2014: $390,100Expenses 2014: $172,935Net Income 2014: $217,1652014Revenue 2015: $539,230Expenses 2015: $243,995Net Income 2015: $295,2352015Revenue 2016: $664,415Expenses 2016: $1,210,440Net Income 2016: -$546,0252016Revenue 2017: $727,830Expenses 2017: $1,763,945Net Income 2017: -$1,036,1152017Revenue 2018: $369,437Expenses 2018: $756,455Net Income 2018: -$387,0182018Revenue 2019: $336,008Expenses 2019: $591,381Net Income 2019: -$255,3732019Revenue 2020: $288,496Expenses 2020: $690,526Net Income 2020: -$402,0302020Revenue 2021: -$1,770,149Expenses 2021: $372,966Net Income 2021: -$2,143,1152021Revenue 2022: $101,840Expenses 2022: $258,157Net Income 2022: -$156,3172022Revenue 2023: -$249,281Expenses 2023: $284,090Net Income 2023: -$533,3712023Revenue 2024: $1,071,442Expenses 2024: $339,814Net Income 2024: $731,6282024

Highlighted filing

2022

Revenue$101,840
Expenses$258,157
Net Income-$156,317
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 20, 2023
Return Version
2021v4.2
Gross Receipts
$188,995
Mission and Program Overview

Mission

The J127 Foundation serves as a supporting organzation to The J127 Education Foundation. This support includes making contributions to the Organzation, as needed, to support its mission, and guaranteeing debt of the supported organization as needed.

The j127 foundation serves as a supporting organization to the j127 education foundation. This support includes making contributions to the organization, as needed, to support its mission, and guaranteeing debt of the supported organization as needed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,656,545$16,599,207▼ $3,057,338
Rtn Earn Endowment Incm Other Fnds$9,925,955$8,475,111▼ $1,450,844
Cash and Non-Interest-Bearing Accounts$302,814$2,676,672▲ $2,373,858
Other Notes and Loans Receivable, Net$2,300,000--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$27,594,558$24,370,865▼ $3,223,693
Other Assets Total$5,335,199$5,094,986▼ $240,213
Liabilities
Other Liabilities$12,333,617$10,800,768▼ $1,532,849
Mortgage Notes Payable Secured by Investment Property$5,334,986$5,094,986▼ $240,000
Total Liabilities$17,668,603$15,895,754▼ $1,772,849
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,925,955$8,475,111▼ $1,450,844
Total Liabilities and Net Assets / Fund Balance$27,594,558$24,370,865▼ $3,223,693

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,094,986--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Stephen RobersonDirector of FinancePT$117,473$117,473

Board Members and Trustees

NameTitle
Paul KlaassenChairman
Teresa MerrittVice Chairman
Amy FeatherDirector
Kathleen DezioDirector
Leslie HortumDirector
Christin SolySecretary (non Voting)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$101,840
Other Revenue
$0
Change in Net Assets
$-156,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$247,429
Grants and Similar Amounts Paid$10,728
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$128,990-$128,990
Occupancy$30,541--$30,541
Grants to Domestic Orgs$10,728--$10,728
Office Expenses-$7,339-$7,339
Fees for Services Accounting-$3,300-$3,300
Fees for Services Management-$1,702-$1,702
Fees for Services Legal-$392-$392
Other Expenses$288$72,267-$288
Total Functional Expenses$44,167$213,990$0$258,157
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Merritt Academy Parent Teacher OrganizationFairfax, VA501(c)(3)Matching Grant for Parent Teacher Organization$10,728
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investments Held on Behalf of J127 Education Foundation$10,800,659
Due to Sslef$109
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Paul klaassen and teresa merritt (officers and directors) are husband and wife. Christin soly (secretary) is the daughter of paul klaassen and teresa merritt.”

Form 990, Part VI, Section A, Line 7A

“The independent board members are selected by paul klaassen and teresa merritt (paul is chairman, teresa is vice chairman).”

Form 990, Part VI, Section A, Line 8B

“There are no committees that act on behalf of the governing body therefore there are no meetings to document.”

Form 990, Part VI, Section B, Line 11B

“The accounting director reviews the form 990 and then submits it to the chairman of the board or secretary of the board for review and signature.”

Form 990, Part VI, Section B, Line 12C

“Annual conflict of interest statements are completed by the directors.”

Form 990, Part VI, Section B, Line 15

“The j127 foundation does not have any employees. Mrs. Soly is the top management official for both the j127 foundation and the j127 education foundation and her time is shared between the two organizations.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
The J127 Foundation
EIN
45-0523312
Phone
5712215130
Address
9657 BLAKE LANE, FAIRFAX, VA 22031

Signing Officer

Name
Christin Soly
Title
Executive Director
Phone
5712215130
Signed
2023-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christin Soly
Formed
2003
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
200 SOUTH 10TH ST STE 900, RICHMOND, VA 23219
Preparer
Amanda Adams
Phone
8046735700
Raw XML AppendixShowing 400 of 459 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE J127 FOUNDATION SERVES AS A SUPPORTING ORGANIZATION TO THE J127 EDUCATION FOUNDATION. THIS SUPPORT INCLUDES MAKING CONTRIBUTIONS TO THE ORGANIZATION, AS NEEDED, TO SUPPORT ITS MISSION, AND GUARANTEEING DEBT OF THE SUPPORTED ORGANIZATION AS NEEDED.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEPHEN ROBERSON
IRS990/BooksInCareOfDetail/PhoneNum07032738000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09211 ARLINGTON BOULEVARD
IRS990/BooksInCareOfDetail/USAddress/CityNm0FAIRFAX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022032
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0302814
IRS990/CashNonInterestBearingGrp/EOYAmt02676672
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt010728
IRS990/CYInvestmentIncomeAmt0101840
IRS990/CYOtherExpensesAmt0247429
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-156317
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0258157
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0101840
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION FUNDED CERTAIN PROFESSIONAL FEES AND ADMINISTRATIVE EXPENSES OF THE SUPPORTED ORGANIZATION DURING JULY 1, 2021 TO JUNE 30, 2022. THE ASSETS OF THE J127 FOUNDATION PROVIDE A GUARANTEE FOR OUTSTANDING BANK LOANS HELD BY THE J127 EDUCATION FOUNDATION. THE J127 FOUNDATION PROVIDES FUNDING FOR UNBUDGETED ONE TIME CAPITAL EXPENDITURES AND EVENTS BY THE J127 EDUCATION FOUNDATION TO KEEP MISSION OPERATIONS FROM BEING HINDERED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt010728
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03300
IRS990/FeesForServicesAccountingGrp/TotalAmt03300
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0392
IRS990/FeesForServicesLegalGrp/TotalAmt0392
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt01702
IRS990/FeesForServicesManagementGrp/TotalAmt01702
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0128990
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0128990
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt530.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt635.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt51288
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt621777
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL KLAASSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1TERESA MERRITT
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHLEEN DEZIO
IRS990/Form990PartVIISectionAGrp/PersonNm3AMY FEATHER
IRS990/Form990PartVIISectionAGrp/PersonNm4LESLIE HORTUM
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTIN SOLY
IRS990/Form990PartVIISectionAGrp/PersonNm6STEPHEN ROBERSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5161108
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt695696
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY (NON VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF FINANCE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-87155
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt010728
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010728
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010728
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0188995
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0188995
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0188995
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt019656545
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016599207
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt087155
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE J127 FOUNDATION SERVES AS A SUPPORTING ORGANIZATION TO THE J127 EDUCATION FOUNDATION. THIS SUPPORT INCLUDES MAKING CONTRIBUTIONS TO THE ORGANIZATION, AS NEEDED, TO SUPPORT ITS MISSION, AND GUARANTEEING DEBT OF THE SUPPORTED ORGANIZATION AS NEEDED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05334986
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05094986
IRS990/NetAssetsOrFundBalancesBOYAmt09925955
IRS990/NetAssetsOrFundBalancesEOYAmt08475111
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-87155
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-87155
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1297873
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt030541
IRS990/OccupancyGrp/TotalAmt030541
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07339
IRS990/OfficeExpensesGrp/TotalAmt07339
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05335199
IRS990/OtherAssetsTotalGrp/EOYAmt05094986
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SHARED SERVICES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2HOSPITALITY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt072267
IRS990/OtherExpensesGrp/ProgramServicesAmt02610
IRS990/OtherExpensesGrp/ProgramServicesAmt1288
IRS990/OtherExpensesGrp/TotalAmt072267
IRS990/OtherExpensesGrp/TotalAmt12610
IRS990/OtherExpensesGrp/TotalAmt2288
IRS990/OtherLiabilitiesGrp/BOYAmt012333617
IRS990/OtherLiabilitiesGrp/EOYAmt010800768
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02300000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTIN SOLY
IRS990/PriorPeriodAdjustmentsAmt03346
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES FUNDING TO ASSIST IN THE OPERATIONS OF A CONFERENCE AND RETREAT LEADERSHIP CENTER IN MARYLAND.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt033439
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt083883
IRS990/PYInvestmentIncomeAmt0-1777081
IRS990/PYOtherExpensesAmt0289083
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06932
IRS990/PYRevenuesLessExpensesAmt0-2143115
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0372966
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-1770149
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-156317
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09925955
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08475111
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0541371815
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE J127 EDUCATION FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05094986
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM J127 EDUCATION FOUNDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010800659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INVESTMENTS HELD ON BEHALF OF J127 EDUCATION FOUNDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO SSLEF
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05094986
IRS990ScheduleD/TotalLiabilityAmt010800768
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010728
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MATCHING GRANT FOR PARENT TEACHER ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MERRITT ACADEMY PARENT TEACHER ORGANIZATION
IRS990ScheduleI/RecipientTable/RecipientEIN0541415567
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09211 ARLINGTON BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FAIRFAX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022031
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATIONS AND THE PARENT TEACHER ORGANIZATION OF THE ACADEMY. THE CLOSE CONNECTION BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0156358
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt01288
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt04750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTIN SOLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY (NON VOTING)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0162396
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAUL KLAASSEN AND TERESA MERRITT (OFFICERS AND DIRECTORS) ARE HUSBAND AND WIFE. CHRISTIN SOLY (SECRETARY) IS THE DAUGHTER OF PAUL KLAASSEN AND TERESA MERRITT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INDEPENDENT BOARD MEMBERS ARE SELECTED BY PAUL KLAASSEN AND TERESA MERRITT (PAUL IS CHAIRMAN, TERESA IS VICE CHAIRMAN).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY THEREFORE THERE ARE NO MEETINGS TO DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACCOUNTING DIRECTOR REVIEWS THE FORM 990 AND THEN SUBMITS IT TO THE CHAIRMAN OF THE BOARD OR SECRETARY OF THE BOARD FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE J127 FOUNDATION DOES NOT HAVE ANY EMPLOYEES. MRS. SOLY IS THE TOP MANAGEMENT OFFICIAL FOR BOTH THE J127 FOUNDATION AND THE J127 EDUCATION FOUNDATION AND HER TIME IS SHARED BETWEEN THE TWO ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE J127 FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0J127 REALTY LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0472145929
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO HOLD TITLE TO AND MANAGE REAL PROPERTY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt077530
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt09657 BLAKE LANE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0FAIRFAX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd022031
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE J127 FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE J127 EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0541371815
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO OPERATE PRIVATE SCHOOLS AND A CHILD CARE CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09657 BLAKE LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FAIRFAX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022031
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05094986
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE J127 EDUCATION FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt027594558
IRS990/TotalAssetsEOYAmt024370865
IRS990/TotalAssetsGrp/BOYAmt027594558
IRS990/TotalAssetsGrp/EOYAmt024370865
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0213990
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt044167
IRS990/TotalFunctionalExpensesGrp/TotalAmt0258157
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017668603
IRS990/TotalLiabilitiesEOYAmt015895754
IRS990/TotalLiabilitiesGrp/BOYAmt017668603

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,370,865
Liabilities
$15,895,754
Net assets
$8,475,111
Revenue
$101,840
Expenses
$258,157
Net income
-$156,317
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$10.9$9.97$1.07$0.34$0.73
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.7$7.78$8.90$0.25$0.28$0.53
2022Detailed filing. Detailed filing data is available for this year.$24.4$15.9$8.48$0.10$0.26$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$17.7$9.93$1.77$0.37$2.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.0$13.1$11.0$0.29$0.69$0.40
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.7$13.1$11.5$0.34$0.59$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$12.8$11.7$0.37$0.76$0.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$12.0$11.7$0.73$1.76$1.04
2016Detailed filing. Detailed filing data is available for this year.$18.3$6.71$11.5$0.66$1.21$0.55
2015Detailed filing. Detailed filing data is available for this year.$13.2$6.25$6.98$0.54$0.24$0.30
2014Detailed filing. Detailed filing data is available for this year.$15.7$8.66$7.02$0.39$0.17$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.48$3.27$6.21$2.72
2012Summary only. Only limited summary data is available for this year.$6.96$0.00$6.96$0.15$0.15$0.00
2011Summary only. Only limited summary data is available for this year.$7.12$0.00$7.12$0.57$0.07$0.64
2010Summary only. Only limited summary data is available for this year.$6.19$0.00$6.19$0.08$0.13$0.05