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Nonprofit · EIN 75-2966166

THE JCPENNEY FOUNDATION

Tax-exempt · PLANO, TX 75024

Financials

$1.5M$1.4M2023$2.6M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of THE JCPENNEY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,586,299$1,437,851$1,148,448$4,704,151$115,605$4,588,546
December 31, 2023990$1,472,253$1,366,349$105,904$3,558,360$224,154$3,334,206
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,421,001
Program service revenue
$0
Investment income
$165,298
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,242,868
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$1,271,916
Management and general (functional)
$165,935

Balance sheet and other

Total assets, start of year
$3,558,360
Total assets, end of year
$4,704,151
Total liabilities, end of year
$115,605
Net assets, end of year
$4,588,546
Net assets without donor restrictions
$4,588,546
Gross receipts
$2,586,299
Employees
0
Volunteers
17
Year formed
2001
State of legal domicile
TX

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ANDRE JOYNERCHAIRMAN
Trustee or director
1$0
OTIS BUCHANANDIRECTOR
Trustee or director
0.5$0
KEVIN MCGHEEDIRECTOR
Trustee or director
0.5$0
WENDY SANTANADIRECTOR
Trustee or director
0.5$0
WAYNE MILANODIRECTOR
Trustee or director
0.5$0
CHAD DUENNESDIRECTOR
Trustee or director
0.5$0
LAUREN TESSARODIRECTOR
Trustee or director
0.5$0
DAWN WOLVERTONSECRETARY
Officer
2$0
MICHELLE SINGPRESIDENT
Officer
2$0
DEBBIE MASSIMIVICE PRESIDENT, TAX MATTERS
Officer
0.5$0
TIFFANY WHITEVICE PRESIDENT AND CONTROLLER
Officer
1$0
AYESHA HURSTASSISTANT CONTROLLER
Officer
3$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
ANDRE JOYNERCHAIRMAN
Trustee or director
1$0
OTIS BUCHANANDIRECTOR
Trustee or director
0.5$0
KEVIN MCGHEEDIRECTOR
Trustee or director
0.5$0
WENDY SANTANADIRECTOR
Trustee or director
0.5$0
WAYNE MILANO START 082023DIRECTOR
Trustee or director
0.5$0
CHAD DUENNES START 082023DIRECTOR
Trustee or director
0.5$0
LAUREN TESSAROSTART 082023DIRECTOR
Trustee or director
0.5$0
DAWN WOLVERTONSECRETARY
Officer
1$0
MICHELLE SINGPRESIDENT
Officer
3$0
DEBBIE MASSIMIVICE PRESIDENT, TAX MATTERS
Officer
0.5$0
TIFFANY WHITEVICE PRESIDENT AND CONTROLLER
Officer
1$0
AYESHA HURSTASSISTANT CONTROLLER
Officer
3$0

Address and contacts

Address (IRS master file)
6501 LEGACY DRIVE, PLANO, TX 75024-4161
In care of
% RALPH H RICHARDSON
Principal officer (990 for 2024)
ANDRE JOYNER, 6501 LEGACY DRIVE, PLANO, TX 75024
Signed the 990
ANDRE JOYNER, CHAIRMAN OF THE FOUNDATION
Phone
(972) 431-5628
Return prepared by
DELOITTE TAX LLP

Mission

TO SUPPORT AMERICA'S DIVERSE, WORKING FAMILIES WITH ACCESS TO SKILL-BUILDING AND RESOURCES THAT ALLOW EVERYONE TO THRIVE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE JCPENNEY FOUNDATION ("THE FOUNDATION") WAS ESTABLISHED ON OCTOBER 15, 2001 TO PROVIDE CHILDREN WITH HIGH QUALITY, AFFORDABLE AFTER-SCHOOL PROGRAMS TO HELP THEM REACH THEIR FULL POTENTIAL. THROUGH COLLABORATION, FUNDING, AND VOLUNTEER SUPPORT, THE FOUNDATION WORKED WITH NATIONAL PROVIDERS OF AFTER-SCHOOL CARE TO RAISE AWARENESS OF THE NEED FOR AFTER-SCHOOL PROGRAMS. THE FOUNDATION IS CURRENTLY ORGANIZED AND OPERATED TO CELEBRATE AND SERVE AMERICA'S DIVERSE, WORKING FAMILIES TODAY BY OFFERING ACCESS TO SKILL-BUILDING AND RESOURCES THAT ALLOW EVERYONE TO THRIVE. TO MEET THIS GOAL, THE FOUNDATION INVESTS IN LEADING NONPROFITS MAKING STRIDES IN THREE CRITICAL AREAS: JOB READINESS, HEALTH & WELL BEING AND INCLUSIVE ACCESS TO EDUCATION.
    Expenses $1,271,916 · grants $1,242,868

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-2966166
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P122)
Assets (IRS master file)
$4,704,151
Income (IRS master file)
$2,586,299

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$1,472,253$1,366,349$3,558,360IRS
990December 2022$1,255,628$983,377$3,199,674IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about THE JCPENNEY FOUNDATION

What is the EIN of THE JCPENNEY FOUNDATION?
The employer identification number (EIN) of THE JCPENNEY FOUNDATION is 75-2966166.
Is THE JCPENNEY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to THE JCPENNEY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE JCPENNEY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE JCPENNEY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE JCPENNEY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE JCPENNEY FOUNDATION?
The 990 for the year ended December 31, 2024 names ANDRE JOYNER.
Who are the officers and directors of THE JCPENNEY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does THE JCPENNEY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,586,299, expenses of $1,437,851 and total assets of $4,704,151 at year end.

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