Jets-Jetts Inc
- Assets
- $153.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montebello, CA
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 95-4629415
Organization Overview
Jets-Jetts Inc is located in Montebello, CA. The organization was established in 1997. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jets-Jetts 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, Jets-Jetts Inc generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $26.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
JETS/JETTS WAS ABLE TO PROVIDE MONETARY SCHOLARSHIPS TO RECENT HIGH SCHOOL GRADUATES FOR POST HIGH SCHOOL EDUCATION AND TO PROVIDE APPROXIMATELY 150 BOYS AND GIRLS FROM AGES 10-18 YEARS OLD THE OPPORTUNITY TO PARTICIPATE IN YOUTH BASKETBALL ACTIVITIES FOR PURPOSES OF LEARNING SPORTSMANSHIP, TEAMWORK AND SELF-ESTEEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Villanueve Chairman | 1 | $0 | |
Jovica Escobar President | 1 | $0 | |
Glenn Hino CFO | 1 | $0 | |
Clark Imatomi Vice President | 1 | $0 | |
Calvin Yang Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,075 |
| Total Program Service Revenue | $12,494 |
| Membership dues | $0 |
| Investment income | $41 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,100 |
| Other Revenue | $0 |
| Total Revenue | $20,710 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,247 |
| Total expenses | $26,247 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,789 |
| Other assets | $0 |
| Total assets | $153,789 |
| Total liabilities | $10 |
| Net assets or fund balances | $153,779 |