TOM COUGHLIN JAY FUND
Using data as of: December 2015
Rating: HIGHLY RECOMMEND
About
The Tom Coughlin Jay Fund Foundation – or simply, the Jay Fund – was founded by legendary football coach Tom Coughlin to help families with children battling cancer. The primary mission is to provide financial assistance to families, helping cover basic living expenses. The fund also provides emotional support to the children through parties and events, as well as activities at the hospitals to create a positive atmosphere.
More information on Hope Haven can be found here:
https://tcjayfund.org/
Hope Haven Facebook:
https://www.facebook.com/tcjayfund/
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
The Jay Fund brought in more than $4.2 million in revenue according to their latest report.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 2,008,916 |
| Other Revenue | 1,773,433 |
| Investment Income | 468,733 |
| TOTAL REVENUE | 4,251,082 |
| Grants Paid | 1,245,675 |
| Salaries & Compensation | 388,106 |
| Other Expenses | 151,103 |
| TOTAL EXPENSES | 1,784,884 |
| Revenue Minus Expenses | 2,466,198 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 17,322,557 |
| Liabilities | 72,519 |
| NET ASSETS | 17,250,038 |
| Number of employees | 8 |
| Voting board members | 16 |
Income Sources
The vast majority of their $4.2 million in revenue, came from individual contributions, which generated almost $3.8 million in revenue. The remainder came from income from their investments.INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 2,008,916 |
| Fundraising Events | 1,773,433 |
| Investment Income | 468,733 |
| TOTAL | 4,251,082 |
| Program Revenue | 0 |
| TOTAL REVENUE | 4,251,082 | Totals may include items not listed above |
Expenses and Philanthropic Spending
The Jay Fund is fairly efficient with their spending, with about 83% of spending going to their mission. We like to see a charity spend at least 75% on their mission, so 83% is acceptable. They have higher fundraising expenses, but they hold several fundraising events that bring in a large amount of revenue, so these costs are justified.| Program Spending | |
|---|---|
| Direct Financial Assistance | 832,504 |
| Quality of Life Opportunities | 603,682 |
| Medical Procedure Funding | 51,325 |
| TOTAL | 1,487,511 |
EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 1,784,884 | 1,487,511 | 85,965 | 211,408 |
| Percentage of spending | 83.3% | 4.8% | 11.8% |
Our Conclusion
The Jay Fund is a solid organization with an admirable mission. We give them a HIGHLY RECOMMEND rating.
Contact:
Tom Coughlin Jay Fund
5000 Sawgrass Village Circle, Suite 6
Ponte Vedra Beach, FL 32082
Phone: (904) 543-2599
Jay Fund Form 990 LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.