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Jefferson Center Foundation Ltd

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621392982 ✦ Roanoke, VA ✦ Designated as a 501(c)(3)

Overview

What is Jefferson Center Foundation Ltd?

Jefferson Center Foundation Ltd is a nonprofit organization located at 541 Luck Ave SW, Roanoke, VA 24016. Its primary mission is to manage the renovation and subsequent rental and maintenance of the Jefferson High School, which is owned by the City of Roanoke. The foundation's goal is to transform the building into an affordable office space for various non-profit and city agencies, as well as a cultural center for the arts and a community center for other organizations to meet. The foundation also raises public funding for the renovation of the building. In addition to its primary mission, the Jefferson Center Foundation Ltd serves as a permanent performance venue for presenting high-quality live music performances and music education programming. The foundation employs 67 individuals.


Official website here: www.jeffcenter.org

Is Jefferson Center Foundation Ltd legitimate?

Jefferson Center Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Center Foundation Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $118,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $762,220

For more financial information, click here


Official website here: www.jeffcenter.org

What is the mission statement of Jefferson Center Foundation Ltd?

The Jefferson Center Foundation Ltd was established with the mission to oversee the renovation of the Jefferson High School, a property owned by the City of Roanoke. Once renovated, the foundation aims to lease out affordable office spaces to various non-profit organizations and city agencies, serving the public. Additionally, the refurbished building will serve as a cultural center for the arts and a community hub for various organizations to conduct meetings. The primary objective of the foundation is to raise public funds for the renovation project, thereby contributing to the betterment of the community.


Official website here: www.jeffcenter.org

Who is the CEO of Jefferson Center Foundation Ltd?

Cyrus E Pace is the Executive Direc of Jefferson Center Foundation Ltd.


Official website here: www.jeffcenter.org

What is the revenue of Jefferson Center Foundation Ltd?

Jefferson Center Foundation Ltd's revenue in 2022 was $2,456,793.


Official website here: www.jeffcenter.org

Who are the executives of Jefferson Center Foundation Ltd and what are their salaries?

The average compensation at Jefferson Center Foundation Ltd during 2022 was $13,149. There are 67 employees and 100 volunteers at Jefferson Center Foundation Ltd.

Here are 17 key members and their salaries:

    Cyrus E Pace (Executive Direc) [Trustee/Director]
  • Compensation: $118,750
  • Related: $0
  • Other: $0

    • Samuel Worthington (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Waid Powell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marc Nelson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrian Wilson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Burnham (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Brock (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bo Frith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malcolm Quigley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark S Lawrence (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryan Musselwhite (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marjorie Tenzer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Jenkins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Whit Ellerman (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Socha-Mower (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Kerr (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Summerlin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.jeffcenter.org

    Where can I find the form 990 for Jefferson Center Foundation Ltd?

    The Jefferson Center Foundation Ltd’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.jeffcenter.org

    Learn more at the official website: www.jeffcenter.org

    Mission Statement of Jefferson Center Foundation Ltd

    The Jefferson Center Foundation Ltd was established with a purpose to manage the renovation and subsequent maintenance of the Jefferson High School. This historic building, owned by the City of Roanoke, serves as a platform for the Foundation's mission. Their primary objective is to raise public funding for the renovation of the building, transforming it into a resource for affordable office space for various non-profit and city agencies, as well as a cultural center for the arts. Furthermore, the Jefferson Center Foundation Ltd aims to function as a community center, welcoming other organizations to utilize its facilities for their meetings. The ultimate goal is to revitalize the building, making it a vibrant hub of activity in the community.

    Impact

    This information is meant to be a general summary of Jefferson Center Foundation Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Jefferson Center Foundation Ltd's impact can be seen in its work to manage the renovation, rental, and maintenance of the historic Jefferson High School in Roanoke, VA. The Foundation aims to raise public funding to transform the building into a hub for the arts and a community center, providing affordable office space for other non-profit and city agencies. Additionally, its Shaftman Performance Hall serves as a permanent venue for high-quality live music performances and music education programming. Through these efforts, the Foundation contributes to the cultural enrichment and community engagement in Roanoke.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $116,244
  • Program Service Revenue: $1,106,240
  • Gross Receipts: $3,048,839

    • Assets and Liabilities:
  • Total Assets: $24,079,593
  • Total Liabilities: $442,487
  • Net Assets: $23,637,106
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EDUCATION FEES

    Revenue

    $17,790

    FACILITY RENTS

    Revenue

    $598,566

    OUTSIDE PRESENTER FEES

    Revenue

    $118,840

    TICKET & TRANSACTION FEES

    Revenue

    $371,044

    Organization Details

    Founding Year

    1989

    Principal Officer

    Cyrus E Pace

    Main Address

    541 LUCK AVE SW 221, ROANOKE, VA, 24016

    NTEE Category

    Code: A116 - Arts

    If you are a representative of Jefferson Center Foundation Ltd and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.