Jet Award Foundation & Trust Inc
- Assets
- $15.7k
- Revenue
- $204.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 81-2280198
Organization Overview
Jet Award Foundation & Trust Inc is located in Lincoln, NE. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jet Award Foundation & Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Jet Award Foundation & Trust Inc generated $204.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $216.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EACH YEAR THE JET AWARD FOUNDATION AND TRUST CELEBRATES THE ELITE KICK OFF AND PUNT RETURNER IN COLLEGE FOOTBALL WHO EPITOMIZES THESE VALUES. SINCE ITS INCEPTION, COLLEGE FOOTBALL HAS BEEN WIDELY HERALDED AS THE MOST EXCITING, DRAMATIC AND FASCINATING SPORT IN THE NATION. THE EXCITEMENT AND SPIRIT OF THE SPORT IS PARTICULARLY CAPTIVATED IN THE PLAY KNOWN AS THE RETURN. FOR EVERY RETURN THERE IS A RETURNER AND INDEED THEY ARE SPECIAL. THROUGHOUT COLLEGE FOOTBALL EVERY POSITION HAS BEEN TARGETED AND RECOGNIZED FOR POST SEASON AWARDS WITH ONE EXCEPTION, THE RETURN SPECIALIST. WE HONOR THE BEST RETURN SPECIALIST IN COLLEGE FOOTBALL EACH YEAR. THEY ARE THE DAREDEVILS OF SPORT, THE BEST OF THE BEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JET AWARD
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Z Alston Chairman | Officer | 0 | $0 |
Vince Leisey President | Officer | 0 | $0 |
Ruth Mccully Secretary | Officer | 0 | $0 |
Dick Zacharia Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $154,635 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,993 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,244 |
| Advertising and promotion | $2,027 |
| Office expenses | $0 |
| Information technology | $6,750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,295 |
| All other expenses | $0 |
| Total functional expenses | $216,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,693 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,693 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,693 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jet Award Foundation & Trust Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Lori & David Scott Foundation Omaha, NE PURPOSE: EVENT | $15,000 |
Charles E Lakin Foundation Inc Council Bluffs, IA PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |