THE JET AWARD FOUNDATION & TRUST Charity Report

Public IRS 990 nonprofit record

THE JET AWARD FOUNDATION & TRUST

EIN 81-2280198 · Scholarships & Student Financial Aid (B82)

What they do

THE FOUNDATIONS PRIMARY MISSION is to HELP END GENERATIONAL POVERTY BY RAISING MONEY for THE JOHNNY RODGERS CAREER and TECHNICAL SCHOLARSHIPS. PROVIDING SUPPORT to STUDENTS WITH FINANCIAL NEED IN THE WAY of A TWO YEAR SCHOLARSHIP, ENABLING THEM to PURSUE DEGREES IN CAREER and TECHNICAL EDUCATION PROGRAMS AT METROPOLITAN COMMUNITY COLLEGE (MCC) IN OMAHA. THE JET AWARD FOUNDATION and TRUST ALSO ANNUALLY CELEBRATES THE ELITE KICK-OFF and PUNT RETURNER IN COLLEGE FOOTBALL. DESPITE THE RECOGNITION GIVEN to VARIOUS POSITIONS IN COLLEGE FOOTBALL THROUGH POSTSEASON AWARDS, THE RETURN SPECIALIST HAS BEEN OVERLOOKED UNTIL THE ESTABLISHMENT of THE JET AWARD. THE FOUNDATION AIMS to HONOR and ACKNOWLEDGE THE BEST RETURN SPECIALIST IN COLLEGE FOOTBALL EACH YEAR.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $23.00 was reported for mission work and $3.70 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

29.95%of revenue went to mission work23.0% of expenses · Program services

4.85%of revenue went to fundraising3.7% of expenses

$54.35spent for every $100 of revenueRevenue covered expenses this year.

95.42%of revenue went to management and office costs73.3% of expenses

$3.15in assets for every $1 spent this yearSome assets cannot be spent right away.

38.5%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $146,514 for MICHAEL C SEVERE (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$280,216

Mission workProgram services$83,91829.95% of revenue23.0% of expenses

ManagementOffice and general costs$267,38995.42% of revenue73.3% of expenses

FundraisingAsking for donations$13,5814.85% of revenue3.7% of expenses

Total expenses$364,888130.22% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 3.7% of spending went to fundraising and 23.0% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 23.0% mission · 73.3% management · 3.7% fundraisingTotal expenses: 130.22% of revenue

2023Expense mix: 67.6% mission · 25.5% management · 6.9% fundraisingTotal expenses: 89.61% of revenue

2022Expense mix: 97.2% mission · 1.9% management · 0.9% fundraisingTotal expenses: 105.73% of revenue

2021Expense mix: 66.2% mission · 0.7% management · 33.1% fundraisingTotal expenses: 94.83% of revenue

2020Expense mix: 72.6% mission · 0.0% management · 27.4% fundraisingTotal expenses: 117.22% of revenue

2019Expense mix: 57.8% mission · 0.0% management · 42.2% fundraisingTotal expenses: 79.53% of revenue

Money in and money out

Revenue$671,347

Expenses$364,888

Annual surplus $306,459 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$83,918 · 23.0% of expenses

Management and office costs$267,389 · 73.3% of expenses

Fundraising$13,581 · 3.7% of expenses

See all reported dollar amounts

Revenue$671,347

Expenses$364,888

Assets$1,149,298

Income$893,679

Contributions$258,411

Mission work (program services)$83,918

Fundraising$13,581

Grants given$741,618

Average grant$105,945

Management and general$267,389

Accounting fees$23,548

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL C SEVEREEXECUTIVE DI · 40 hrs/week $146,514Base $134,064 · Other $12,450

JOHNNY RODGERSBOARD MEMBER · 15 hrs/week $24,000

WILLIAM REEDBOARD MEMBER $2,500

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

MICHAEL C SEVEREEXECUTIVE DI

JOHNNY RODGERSBOARD MEMBER

WILLIAM REEDBOARD MEMBER

DENNY DRAKEBOARD MEMBER

DICK ZACHARIATREASURER

FREDRICK STEHLIKBOARD MEMBER

JIM SIEMONSMABOARD MEMBER

JONI FLYNNBOARD MEMBER

KURT WAGNERBOARD MEMBER

LT COLONEL THOMAS TRAYLORBOARD MEMBER

PATRICK Z ALSTONCHAIRMAN

ROB TREBILCOCKBOARD MEMBER

RUTH MCCULLYSECRETARY

VINCE LEISEYPRESIDENT

About this charity

Recognized since: January 2018
Location: 5831 S 58TH ST STE D, LINCOLN, NE 68516-3649
County: Lancaster
In care of: VINCE LEISEY
Primary officer: VINCE LEISEY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailthejetawardfoundation@gmail.com Phone(402) 423-9500 Officer phone(402) 598-7299

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FLORELL & BARNHARD PC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Grant-giving organization: Yes