Civic Intelligence

Jasper Ridge Charitable Fund

990 • Fiscal year 2019 • EIN 47-2088631

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

201 Main Street 1000Fort Worth, TX 76102-3109

(817) 333-0016

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

6th percentile

0.06x

Higher debt load relative to revenue than 6% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

9th percentile

-12%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

84th percentile

16%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Up

$921,998,756

Up $127,783,610 (+16%) from 2018

Net Assets

Up

$920,558,915

Up $132,715,841 (+17%) from 2018

Liabilities

Down

$1,439,841

Down $4,932,231 (-77%) from 2018

Revenue

Down

$23,627,370

Down $196,792,921 (-89%) from 2018

Expenses

Up

$26,459,005

Up $24,616,633 (+1336%) from 2018

Net Income

Down

-$2,831,635

Down $221,409,554 (-101%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5B$1.0B$500M$0-$500MAssets 2015: $47,544Liabilities 2015: $48,783Net Assets 2015: -$1,2392015Assets 2016: $124,093,839Liabilities 2016: $2,800,902Net Assets 2016: $121,292,9372016Assets 2017: $684,513,022Liabilities 2017: $69,714,913Net Assets 2017: $614,798,1092017Assets 2018: $794,215,146Liabilities 2018: $6,372,072Net Assets 2018: $787,843,0742018Assets 2019: $921,998,756Liabilities 2019: $1,439,841Net Assets 2019: $920,558,9152019Assets 2020: $1,059,804,391Liabilities 2020: $1,846,109Net Assets 2020: $1,057,958,2822020Assets 2021: $1,428,861,718Liabilities 2021: $560,038Net Assets 2021: $1,428,301,6802021Assets 2022: $4,335,338Liabilities 2022: $4,335,338Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$921,998,756
Liabilities$1,439,841
Net Assets$920,558,915

Operations Trend

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

$2.0B$1.0B$0-$1.0B-$2.0BRevenue 2015: $250,000Expenses 2015: $251,239Net Income 2015: -$1,2392015Revenue 2016: $114,519,288Expenses 2016: $429,869Net Income 2016: $114,089,4192016Revenue 2017: $443,599,589Expenses 2017: $5,232,226Net Income 2017: $438,367,3632017Revenue 2018: $220,420,291Expenses 2018: $1,842,372Net Income 2018: $218,577,9192018Revenue 2019: $23,627,370Expenses 2019: $26,459,005Net Income 2019: -$2,831,6352019Revenue 2020: $51,342,189Expenses 2020: $76,960,112Net Income 2020: -$25,617,9232020Revenue 2021: $213,964,124Expenses 2021: $45,750,039Net Income 2021: $168,214,0852021Revenue 2022: $63,705,519Expenses 2022: $1,324,350,743Net Income 2022: -$1,260,645,2242022Revenue 2023: $85,870Expenses 2023: $85,870Net Income 2023: $02023

Highlighted filing

2019

Revenue$23,627,370
Expenses$26,459,005
Net Income-$2,831,635
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$47,398,001
Mission and Program Overview

Mission

Expanding philanthropic impact of donors by supporting and simplifying charitable giving and by promoting awareness of opportunities to improve social welfare through charitable grants and impact investments.

EXPAND PHILANTHROPIC IMPACT OF DONORS BY SUPPORTING & SIMPLIFYING CHARITABLE GIVING & by PROMOTING AWARENESS OF OPPORTUNITIES TO IMPROVE SOCIAL WELFARE VIA GRANTS/IMPACT INVESTMENTS.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$780,493,683$912,535,491▲ $132,041,808
Investments in Publicly Traded Securities$12,131,441$7,367,608▼ $4,763,833
Savings and Temporary Cash Investments$0$2,050,925▲ $2,050,925
Cash and Non-Interest-Bearing Accounts$1,580,945$39,397▼ $1,541,548
Accounts Receivable$9,077$0▼ $9,077
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$794,215,146$921,998,756▲ $127,783,610
Other Assets Total$0$5,335▲ $5,335
Liabilities
Accounts Payable and Accrued Expenses$6,372,072$894,161▼ $5,477,911
Other Liabilities$0$545,680▲ $545,680
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,372,072$1,439,841▼ $4,932,231
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$787,843,074$920,558,915▲ $132,715,841
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$787,843,074$920,558,915▲ $132,715,841
Total Liabilities and Net Assets / Fund Balance$794,215,146$921,998,756▲ $127,783,610

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$80,164--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark a WolfsonDirector, President
George D PhippsDirector, Vice President
B Howard PearsonDirector
Deborah L HarmonDirector
James M PatellDirector
Paul BrestDirector
Russell B HallDirector
Pamela PavkovDirector of Grants
Nick TandonAdmin Officer
Rajesh SwaminathanChief Legal Officer
Adan AraujoCompliance Officer
Shannon KlineDonor-advisor Admin Officer
John H FantSecretary
Jack a MuhlbeierTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jasper Ridge Services LLCLegal/Accounting/Tax201 Main Street Suite 1000, Fort Worth, TX 46102$130,949
Revenue and Support

Revenue Composition

Contributions and Grants
$22,846,134
Program Service Revenue
$0
Investment Income
$777,344
Other Revenue
$3,892
All Other Contributions
$22,846,134
Change in Net Assets
$-2,831,635

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$14,525,196Avg High/low Date Dn
Total Noncash Contributions3$14,525,196-

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,623,478
Revenue Not Reported on Financial Statements
$3,892
Revenue Not Reported on Form 990
$135,547,476
Other Revenue Adjustments
$3,892
Total Revenue per Audited Statements
$159,170,954
Total Revenue per Form 990
$23,627,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,273,863
Other Expenses$185,142
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,273,863--$26,273,863
Fees for Services Accounting-$104,123-$104,123
Fees for Services Legal$4,455$37,809-$42,264
Insurance-$23,923-$23,923
Fees for Service Investment Mgmnt Fees-$11,569-$11,569
Office Expenses-$2,953-$2,953
Other Expenses-$310-$310
Total Functional Expenses$26,278,318$180,687$0$26,459,005

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$26,459,005
Expenses per Audited Statements$26,455,113
Total Expenses per Audited Statements$26,455,113
Expenses Not Reported on Financial Statements$3,892
Other Expense Adjustments$3,892
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Oregon FoundationEugene, OR501(c)(3)Campus to Accelerate Scientific Impact$25,000,000
Fidelity Investments Charitable Gift FundBoston, MA501(c)(3)General Support$110,000
Women for Women InternationalWashington, DC501(c)(3)General Support$90,000
The Catalog for GivingNew York, NY501(c)(3)General Support$75,000
Village Enterprise Fund IncSan Carlos, CA501(c)(3)General Support$50,000
Lucile Packard Foundation for Children's HealthPalo Alto, CA501(c)(3)General Support$19,000
HIgher Achievement Program IncWashington, DC501(c)(3)General Support$10,000
Warfighter Outfitters IncSisters, OR501(c)(3)General Support$10,000
Guardian GroupBend, OR501(c)(3)General Support$8,000
MiraclefeetChapel Hill, NC501(c)(3)General Support$8,000

International Summary

Spending
$224,591,050

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsN/a--$205,133,968
Europe (Including Iceland and Greenland)InvestmentsN/a--$19,457,082
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jasper Ridge Partners LP35% owned entity of IPInvestment Advisory SrvsNo$978,234
Jasper Ridge Services LLC35% owned entity of IPAdministrative ServicesNo$667,453

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$545,680
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Jasper Ridge Charitable Fund
EIN
47-2088631
In Care Of
% JACK A MUHLBEIER
Phone
8173330016
Address
201 MAIN STREET 1000, FORT WORTH, TX 76102-3109

Signing Officer

Name
Jack Muhlbeier
Title
Treasurer
Phone
8173330016
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark a Wolfson
Formed
2014
Legal Domicile
De
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
210 PARK AVE SUITE 2650, OKLAHOMA CITY, OK 73102
Preparer
Carey Mckee
Phone
8642502620
Supplemental Narrative

Additional Explanations

Family and Business Relationships

Form 990, part vi, line 2 the following directors and/or officers have a business relationship as they are each employed by, or officers of, jasper ridge partners, lp, or its affiliates: mark a. Wolfson and george d. Phipps, directors and officers of the corporation; adan araujo, john h. Fant, shannon kline, jack a. Muhlbeier, pamela pavkov, rajesh swaminathan, and nick tandon, officers of the corporation. B. Howard pearson, director of the corporation, is independently contracted by jasper ridge partners, lp, for the performance of services. One or more client vehicles of jasper ridge partners, lp, are investors in one or more investment funds managed by or affiliated with an investment entity, of which deborah l. Harmon, director of the corporation, is an executive officer. One or more client vehicles of jasper ridge partners, lp, are investors in one or more investment funds managed by or affiliated with an investment entity, with which russell b. Hall, director of the corporation, is affiliated.

Organization Process to Review Form 990

Form 990, part vi, line 11b the form 990 is prepared by an outside accounting firm based on information provided by jasper ridge charitable fund ("jrcf"). The form 990 is then reviewed by the organization's treasurer. The form 990 is then distributed to all board members prior to filing with the irs.

Monitoring of Conflict of Interest Policy

Form 990, part vi, line 12c officers and board members are required annually to sign and return a conflict of interest form. Additionally, officers and board members have an ongoing duty to disclose conflicts. Upon disclosure of any potential conflict, the independent board members shall meet to discuss and vote on whether a conflict exists. The board then follows predetermined procedures to appropriately remediate, monitor, or eliminate any conflicts.

Documents Available to the Public

Form 990, part vi, line 19 the organization's governing documents, conflict of interest policy and financial statements are made available upon reasonable request.

Financial Statement Notes

Schedule D, Part X, Line 2

ALTHOUGH THE FUND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THEREFORE HAS RECORDED NO LIABILITY OR BENEFIT FOR SUCH POSITIONS AS OF DECEMBER 31, 2019, THE FUND IS REQUIRED TO DISCLOSE THE FOLLOWING FOOTNOTE FROM THE AUDITED FINANCIAL STATEMENTS ON ITS FORM 990: TOPIC 740, INCOME TAXES, OF THE CODIFICATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, TOPIC 740 PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE REQUIREMENTS FOR UNCERTAIN TAX PROVISIONS. THE FUND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THEREFORE HAS RECORDED NO LIABILITY OR BENEFIT FOR SUCH POSITIONS AS OF DECEMBER 31, 2019 and 2018.

Revenue Reported Gross on Form 990, Reported Net on Audited Financials

Schedule d, part xi, line 4b state tax refund $3,892

Expense Reported Gross on Form 990, Reported Net on Audited Financials

Schedule d, part xii, line 4b state tax refund $3,892

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR, PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR, VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF GRANTS
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF LEGAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12ADMIN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DONOR-ADVISOR ADMIN OFFICER
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