Jake Offutt Foundation Inc
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 03/2016
- Data as of
- 12/2017
- EIN
- 81-1357303
Organization Overview
Jake Offutt Foundation Inc is located in Westminster, MD. The organization was established in 2016. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jake Offutt Foundation 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 12/2017, Jake Offutt Foundation Inc generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $27.2k during the year ending 12/2017. 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
2017
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SUPPORT TO INDIVIDUALS FOR ACADEMIC AND ATHLETIC RELATED OPPORTUNITIES. PROVIDED FUNDING AND SCHOLARSHIPS FOR VARIOUS EXTRACURRICULAR ACTIVITIES THAT JAKE WAS PASSIONATE ABOUT HIMSELF. WE AWARDED 5 MARTIAL ARTS SCHOLARSHIPS AND PROVIDED WINTERS MILL HIGH SCHOOL WITH AN ADDITIONAL 4,000 FOR MUCH NEEDED ATHLETIC EQUIPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Offutt Vice Preside | 3 | $0 | |
Leah Offutt President | 25 | $0 | |
Joanne Gales Secretary | 1 | $0 | |
Kim Offutt Member | 1 | $0 | |
Laura D'andrea Director | 2 | $0 | |
Nickie Lanza Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,375 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,260 |
| Other Revenue | $0 |
| Total Revenue | $26,635 |
| 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 | $1,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,583 |
| Other expenses | $8,522 |
| Total expenses | $27,208 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,871 |
| Other assets | $0 |
| Total assets | $13,818 |
| Total liabilities | $3,648 |
| Net assets or fund balances | $10,170 |