Jct Foundation

Rockford, MI
Tax-exempt since March 1998
EIN: 38-3386697

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.1M (2023)

Expenses

$399k (2023)

Total Assets

$1.94M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$1,103,207

Expenses

$398,608

Net Income

$704,599

Net Assets

$1,939,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,302	0.3%
Dividends	$262,970	23.8%
Sales of Assets	$836,935	75.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$382,500	96.0%
Compensation of Officers*	$5,000	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,939,848
Total Liabilities	$0
Net Assets	$1,939,848

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Power (Secretary)	$5,000	$0
P Craig Welch Jr (Pres/Treas/T)	$0	$0
Mary K Welch (Vice Preside)	$0	$0
Julie Welch Horning (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 28, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$378,021

Expenses

$538,898

Net Income

-$160,877

Net Assets

$1,210,093

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$581	0.2%
Dividends	$345,472	91.4%
Sales of Assets	$31,968	8.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$522,500	97.0%
Compensation of Officers*	$5,000	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,210,093
Total Liabilities	$0
Net Assets	$1,210,093

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Power (Secretary)	$5,000	$0
P Craig Welch Jr (Pres/Treas/T)	$0	$0
Mary K Welch (Vice Preside)	$0	$0
Julie Welch Horning (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 11, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$503,381

Expenses

$395,913

Net Income

$107,468

Net Assets

$1,370,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20	0.0%
Dividends	$318,797	63.3%
Sales of Assets	$184,564	36.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$382,200	96.5%
Compensation of Officers*	$5,000	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,370,803
Total Liabilities	$0
Net Assets	$1,370,803

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Power (Secretary)	$5,000	$0
P Craig Welch Jr (Pres/Treas/T)	$0	$0
Mary K Welch (Vice Preside)	$0	$0
Julie Welch Horning (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$416,397

Expenses

$377,537

Net Income

$38,860

Net Assets

$1,264,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$350	0.1%
Dividends	$280,395	67.3%
Sales of Assets	$135,652	32.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$315,000	83.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,264,583
Total Liabilities	$1
Net Assets	$1,264,582

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch Horning (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0
Jeffrey Power (Secretary)	$0	$0

+ View more people

990-PF

Filed on July 20, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,310,941

Expenses

$545,864

Net Income

$765,077

Net Assets

$1,249,433

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,596	0.4%
Dividends	$386,077	29.5%
Sales of Assets	$920,268	70.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$538,523	98.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,249,434
Total Liabilities	$1
Net Assets	$1,249,433

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0
Jeffrey Power (Secretary)	$0	$0

+ View more people

990-PF

Filed on June 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$374,084

Expenses

$651,456

Net Income

-$277,372

Net Assets

$484,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,825	0.5%
Dividends	$372,259	99.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$638,772	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$484,091
Total Liabilities	$0
Net Assets	$484,091

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Secr/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$350,175

Expenses

$540,239

Net Income

-$190,064

Net Assets

$761,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$350,175	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$526,217	97.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$761,463
Total Liabilities	$0
Net Assets	$761,463

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Secr/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$324,473

Expenses

$497,153

Net Income

-$172,680

Net Assets

$951,527

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$324,473	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$463,664	93.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$951,527
Total Liabilities	$0
Net Assets	$951,527

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Secr/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$1,264,535

Expenses

$596,232

Net Income

$668,303

Net Assets

$1,124,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$325,014	25.7%
Sales of Assets	$939,521	74.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$585,007	98.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,124,207
Total Liabilities	$0
Net Assets	$1,124,207

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Secr/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$304,814

Expenses

$574,251

Net Income

-$269,437

Net Assets

$455,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$304,814	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$545,504	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$455,904
Total Liabilities	$0
Net Assets	$455,904

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Secr/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie Welch (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on April 29, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$521,147

Expenses

$272,892

Net Income

$248,255

Net Assets

$725,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$224,353	43.0%
Sales of Assets	$296,794	57.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$257,970	94.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$725,341
Total Liabilities	$0
Net Assets	$725,341

Compensation

Key Employees and Officers	Compensation	Other
P Craig Welch Jr (Pres/Secr/Treas/Trustee)	$0	$0
Mary K Welch (Vice President/Trustee)	$0	$0
Julie W Regan (Trustee)	$0	$0
P Craig Welch Iii (Trustee)	$0	$0
Thomas J Welch (Trustee)	$0	$0

+ View more people

990-PF

Filed on May 7, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$316,877

Expenses

$364,060

Net Income

-$47,183

Net Assets

$477,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$316,877	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$360,690	99.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$477,086
Total Liabilities	$0
Net Assets	$477,086

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$166,041

Expenses

$391,874

Net Income

-$225,833

Net Assets

$524,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$166,041	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$387,500	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$524,268
Total Liabilities	$0
Net Assets	$524,268

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated June 30, 2025

Jct Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.1M (2023)

Expenses $399k (2023)

Total Assets $1.94M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.1M (2023)

Expenses

$399k (2023)

Total Assets

$1.94M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001