Jets-Jetts Inc
- Assets
- $159.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montebello, CA
- Founding
- 12/1997
- Data as of
- 12/2021
- 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 12/2021, Jets-Jetts Inc generated $758.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (47.5%) each year. All expenses for the organization totaled $8.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
DUE TO THE PANDEMIC, JETS/JETTS WAS NOT ABLE TO PROVIDE MONETARY SCHOLARSHIPS TO RECENT HIGH SCHOOL GRADUATES FOR POST HIGH SCHOOL EDUCATION. THE ORGANIZATION IS OPTIMISTIC, WITH THE LIFTING OF THE RESTRICTIONS DUE TO THE PANDEMIC, THAT IT WILL BE 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 | |
Glenn Hino CFO | 1 | $0 | |
Jovica Escobar President | 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 | $0 |
| Total Program Service Revenue | $725 |
| Membership dues | $0 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $758 |
| 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 | $8,597 |
| Total expenses | $8,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,326 |
| Other assets | $0 |
| Total assets | $159,326 |
| Total liabilities | $10 |
| Net assets or fund balances | $159,316 |
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