Jags Impact Inc
- Assets
- $168.9k
- Revenue
- $257.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- Data as of
- 12/2023
- EIN
- 92-0900351
Organization Overview
Jags Impact Inc is located in Mobile, AL. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Jags Impact Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
JAGS IMPACT, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED FOR THE USE OF NAME IMAGE LIKENESS TO SERVE THE LOCAL COMMUNITY AND STUDENT ATHLETES AT THE UNIVERSITY OF SOUTH ALABAMA WHO SUPPORT LOCAL CHARITIES AND THEIR CHARITABLE EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 JAGS IMPACT INC. PARTNERED TO SUPPORT LOCAL CHARITIES BY CONTRACTING WITH STUDENT ATHLETES AT THE UNIVERSITY OF SOUTH ALABAMA FOR THE USE THEIR NAME IMAGE AND LIKENESS IN SUPPORT OF VARIOUS LOCAL CHARITABLE WORKS IN THE MOBILE, ALABAMA AREA. THESE ATHLETES CONSISTED OF FOUR BASEBALL PLAYERS, THREE FOOTBALL PLAYERS, AND A BASKETBALL PLAYER. EACH OF THESE ATHLETES MADE SEVERAL SOCIAL MEDIA POSTS AND AT LEAST THREE PERSONAL APPEARANCES IN SUPPORT OF LOCAL CHARITIES, INCLUDING THE BOYS AND GIRLS CLUBS OF SOUTH ALABAMA, INC., BIG BROTHERS BIG SISTERS, RONALD MCDONALD HOUSE, AND PRODISEE PANTRY (A LOCAL FOOD PANTRY) TO RAISE AWARENESS AND COMMUNITY SUPPORT OF THESE IMPORTANT LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Spivey Chairman | Trustee | 10 | $0 |
Doug Whitmore Board Member | Trustee | 1 | $0 |
Kim Garrett Board Member | Trustee | 1 | $0 |
Earl Blackmon Board Member | Trustee | 1 | $0 |
Logan Grubbs Board Member | Trustee | 1 | $0 |
Stoney Chavers Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,822 |
| Total Program Service Revenue | $0 |
| Investment income | $120 |
| 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 | $257,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $679 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,870 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $206 |
| Information technology | $302 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $90,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,810 |
| Savings and temporary cash investments | $120 |
| 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 | $168,930 |
| 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 | $168,930 |
| 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 | $168,930 |