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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-3386697

JCT FOUNDATION

Tax-exempt · ROCKFORD, MI 49341

Financials

$1.1M$399K2023$643K$501K2024$4.9M$501K2025
Revenue Expenses · by fiscal year end
Financials of JCT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$4,857,288$500,509$4,356,779$6,438,098$0$6,438,098
December 31, 2024990-PF$642,916$501,203$141,713$2,081,937$0$2,081,937
December 31, 2023990-PF$1,103,207$398,608$704,599$1,939,848$0$1,939,848
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$260,661
Interest
$2,157
Net gain from sales of assets
$4,594,470

Expenses

Grants and similar amounts paid
$455,000
Compensation of officers, directors and key employees
$5,000
Disbursements for charitable purposes
$457,500
Excise tax on investment income
$66,953

Balance sheet and other

Total assets, start of year
$2,081,937
Total assets, end of year
$6,438,098
Total liabilities, end of year
$0
Net assets, end of year
$6,438,098
Fair market value of assets
$11,168,359
Qualifying distributions
$457,500
Net investment income
$4,857,288

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JEFFREY POWER
1828 WILDFLOWER PLACE, THE VILLAGES, FL 32162
SECRETARY0$5,000
P CRAIG WELCH JR
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341
PRES/TREAS/T0$0
MARY K WELCH
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341
VICE PRESIDE0$0
JULIE WELCH HORNING
PO BOX 1336, BOCA GRANDE, FL 33921
TRUSTEE0$0
P CRAIG WELCH III
6998 WELLER AVE NE, ROCKFORD, MI 49341
TRUSTEE0$0
THOMAS J WELCH
7166 PLACITA CT SE, GRAND RAPIDS, MI 49546
TRUSTEE0$0
990-PF for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
JEFFREY POWER
1828 WILDFLOWER PLACE, THE VILLAGES, FL 32162
SECRETARY0$5,000
P CRAIG WELCH JR
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341
PRES/TREAS/T0$0
MARY K WELCH
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341
VICE PRESIDE0$0
JULIE WELCH HORNING
PO BOX 1336, BOCA GRANDE, FL 33921
TRUSTEE0$0
P CRAIG WELCH III
6998 WELLER AVE NE, ROCKFORD, MI 49341
TRUSTEE0$0
THOMAS J WELCH
7166 PLACITA CT SE, GRAND RAPIDS, MI 49546
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JEFFREY POWER
1828 WILDFLOWER PLACE, THE VILLAGES, FL 32162
SECRETARY1$5,000
P CRAIG WELCH JR
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341
PRES/TREAS/T1$0
MARY K WELCH
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341
VICE PRESIDE1$0
JULIE WELCH HORNING
PO BOX 1336, BOCA GRANDE, FL 33921
TRUSTEE1$0
P CRAIG WELCH III
6998 WELLER AVE NE, ROCKFORD, MI 49341
TRUSTEE1$0
THOMAS J WELCH
7166 PLACITA CT SE, GRAND RAPIDS, MI 49546
TRUSTEE1$0

Address and contacts

Address (IRS master file)
6821 HOMESTEAD DR NE, ROCKFORD, MI 49341-8502
In care of
% P CRAIG WELCH JR
Signed the 990-PF
P CRAIG WELCH JR, PRES/TREAS/TRUSTEE
Phone
(800) 400-0439
Return prepared by
NIENHUIS FINANCIAL GROUP LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-3386697
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1998
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,438,098
Income (IRS master file)
$5,336,652

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$4,857,288$500,509$6,438,098IRS
990-PFDecember 2024$642,916$501,203$2,081,937IRS
990-PFDecember 2023$1,103,207$398,608$1,939,848XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3386697).

Questions about JCT FOUNDATION

What is the EIN of JCT FOUNDATION?
The employer identification number (EIN) of JCT FOUNDATION is 38-3386697.
Is JCT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to JCT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does JCT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of JCT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JCT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of JCT FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $5,000 (JEFFREY POWER, SECRETARY).
How much revenue does JCT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,857,288, expenses of $500,509 and total assets of $6,438,098 at year end.

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