Civic Intelligence

Chad a Jacobs Memorial Foundation

990 • Fiscal year 2022 • EIN 27-2884884

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

6 Sleigh RidgeWestport, CT 06880

(203) 247-2133

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

10th percentile

-50%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

23rd percentile

-19%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-1.5%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$420,900

Down $99,625 (-19%) from 2021

Net Assets

Down

$420,900

Down $99,625 (-19%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$38,171

Down $563 (-1.5%) from 2021

Expenses

Down

$57,193

Down $5,156 (-8.3%) from 2021

Net Income

Up

-$19,022

Up $4,593 (+19%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $308,524Liabilities 2011: $0Net Assets 2011: $308,5242011Assets 2012: $389,540Liabilities 2012: $68Net Assets 2012: $389,4722012Assets 2013: $454,575Liabilities 2013: $0Net Assets 2013: $454,5752013Assets 2014: $500,295Liabilities 2014: $0Net Assets 2014: $500,2952014Assets 2015: $554,476Liabilities 2015: $0Net Assets 2015: $554,4762015Assets 2016: $530,611Liabilities 2016: $0Net Assets 2016: $530,6112016Assets 2017: $537,573Liabilities 2017: $0Net Assets 2017: $537,5732017Assets 2018: $524,721Liabilities 2018: $0Net Assets 2018: $524,7212018Assets 2019: $548,334Liabilities 2019: $0Net Assets 2019: $548,3342019Assets 2020: $524,303Liabilities 2020: $0Net Assets 2020: $524,3032020Assets 2021: $520,525Liabilities 2021: $0Net Assets 2021: $520,5252021Assets 2022: $420,900Liabilities 2022: $0Net Assets 2022: $420,9002022Assets 2023: $441,712Liabilities 2023: $0Net Assets 2023: $441,7122023Assets 2024: $461,185Liabilities 2024: $0Net Assets 2024: $461,1852024

Highlighted filing

2022

Assets$420,900
Liabilities$0
Net Assets$420,900

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2011: $40,9742011Expenses 2012: $52,4742012Revenue 2013: $123,220Expenses 2013: $58,117Net Income 2013: $65,1032013Revenue 2014: $110,067Expenses 2014: $64,347Net Income 2014: $45,7202014Revenue 2015: $99,171Expenses 2015: $44,990Net Income 2015: $54,1812015Revenue 2016: $41,689Expenses 2016: $43,133Net Income 2016: -$1,4442016Revenue 2017: $45,551Expenses 2017: $56,780Net Income 2017: -$11,2292017Revenue 2018: $59,680Expenses 2018: $48,623Net Income 2018: $11,0572018Revenue 2019: $39,611Expenses 2019: $50,752Net Income 2019: -$11,1412019Revenue 2020: $41,109Expenses 2020: $74,491Net Income 2020: -$33,3822020Revenue 2021: $38,734Expenses 2021: $62,349Net Income 2021: -$23,6152021Revenue 2022: $38,171Expenses 2022: $57,193Net Income 2022: -$19,0222022Revenue 2023: $41,347Expenses 2023: $68,444Net Income 2023: -$27,0972023Revenue 2024: $72,751Expenses 2024: $69,208Net Income 2024: $3,5432024

Highlighted filing

2022

Revenue$38,171
Expenses$57,193
Net Income-$19,022
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$49,799
Mission and Program Overview

Mission

The mission of the chad a. Jacobs memorial foundation is to fund academic and athletic scholarships to children with financial need who live in the surrounding community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$520,525$420,900▼ $99,625
Investments Other Securities$504,403$407,036▼ $97,367
Savings and Temporary Cash Investments$14,868$11,470▼ $3,398
Cash and Non-Interest-Bearing Accounts$1,254$2,394▲ $1,140
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$520,525$420,900▼ $99,625
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$520,525$420,900▼ $99,625
Total Liabilities and Net Assets / Fund Balance$520,525$420,900▼ $99,625

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$407,036--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom RyanAssistant Chair
Karen JacobsChair
Brendon FreyBoard Member
Chris HarbertBoard Member
Don JacobsBoard Member
Douglas TinklerBoard Member
Ginny JacobsBoard Member
Joseph TeklitsBoard Member
Mac JacobsBoard Member
Scott SantarellaBoard Member
Kathy SantarellaCo-treasurer
Lee SaveliffCo-treasurer
Taylor JacobsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$20,471
Program Service Revenue
$0
Investment Income
$17,700
Other Revenue
$0
All Other Contributions
$20,471
Change in Net Assets
$-19,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$54,900
Other Expenses$2,293
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$54,900--$54,900
Fees for Services Accounting-$1,100-$1,100
Office Expenses-$922-$922
Other Expenses-$271-$271
Total Functional Expenses$54,900$2,293$0$57,193
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wonderland Wizards Youth Hockey Association IncBridgeport, CT501(c)(3)Provides Academic and Athletic Scholarship to Children in Financial Need Focusing on Children Who Reside in Connecticut.$28,056
Act of KindnessOrlando, FL501(c)(3)Provides Academic and Athletic Scholarship to Children in Financial Need Focusing on Children Who Reside in Connecticut.$26,844
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Don jacobs and ginny jacobs are husband and wife. Don jacobs and ginny jacobs are karen jacobs in-laws. Karen jacobs and brendon frey are 1st cousins. Tom ryan is second cousin to karen jacobs and brendon frey. Taylor jacobs and maclean jacobs are children of karen jacobs.

Form 990, Part VI, Section B, Line 11B

The governing body meets to review form 990.

Form 990, Part VI, Section C, Line 19

"chad a jacobs memorial foundation" governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chad a Jacobs Memorial Foundation
EIN
27-2884884
Phone
2032472133
Address
6 SLEIGH RIDGE, WESTPORT, CT 06880

Signing Officer

Name
Karen Jacobs
Title
Chair
Phone
2032472133
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Jacobs
Formed
2010
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
MACIAS GINI & O'CONNELL LLP
Address
445 BROADHOLLOW RD STE 319, MELVILLE, NY 11747
Preparer
T Renee Parker CPA
Phone
5164095000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt017664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt051955
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0127164
IRS990ScheduleA/TotalSupportAmt0228768
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0407036
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LPL FINANCIAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0407036
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt026844
IRS990ScheduleI/RecipientTable/CashGrantAmt128056
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDES ACADEMIC AND ATHLETIC SCHOLARSHIP TO CHILDREN IN FINANCIAL NEED FOCUSING ON CHILDREN WHO RESIDE IN CONNECTICUT.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROVIDES ACADEMIC AND ATHLETIC SCHOLARSHIP TO CHILDREN IN FINANCIAL NEED FOCUSING ON CHILDREN WHO RESIDE IN CONNECTICUT.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ACT OF KINDNESS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1WONDERLAND WIZARDS YOUTH HOCKEY ASSOCIATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0061820434
IRS990ScheduleI/RecipientTable/RecipientEIN1200148070
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07123 BLAIR DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 55348
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ORLANDO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BRIDGEPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0328185885
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd106610
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PROVIDES SCHOLARSHIP TO STUDENTS. EACH DIFFERENT TYPE OF SCHOLARSHIP HAS A SEPERATE CRITERIA THAT IS FOLLOWED PRIOR TO PROVIDING A STUDENT WITH A SCHOLARSHIP. ALL APPLICATIONS AND SUPPORTING DOCUMENTATION ARE MAINTAINED BY THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DON JACOBS AND GINNY JACOBS ARE HUSBAND AND WIFE. DON JACOBS AND GINNY JACOBS ARE KAREN JACOBS IN-LAWS. KAREN JACOBS AND BRENDON FREY ARE 1ST COUSINS. TOM RYAN IS SECOND COUSIN TO KAREN JACOBS AND BRENDON FREY. TAYLOR JACOBS AND MACLEAN JACOBS ARE CHILDREN OF KAREN JACOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY MEETS TO REVIEW FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2"CHAD A JACOBS MEMORIAL FOUNDATION" GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0520525
IRS990/TotalAssetsEOYAmt0420900
IRS990/TotalAssetsGrp/BOYAmt0520525
IRS990/TotalAssetsGrp/EOYAmt0420900
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020471
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054900
IRS990/TotalFunctionalExpensesGrp/TotalAmt057193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0520525
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0420900
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt054900
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt038171
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0520525
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0420900
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06 SLEIGH RIDGE
IRS990/USAddress/CityNm0WESTPORT
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006880
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.CAJFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN JACOBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02032472133
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHAD A JACOBS MEMORIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHAD
ReturnHeader/Filer/EIN0272884884
ReturnHeader/Filer/PhoneNum02032472133
ReturnHeader/Filer/USAddress/AddressLine1Txt06 SLEIGH RIDGE
ReturnHeader/Filer/USAddress/CityNm0WESTPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006880
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0680300457
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MACIAS GINI & O'CONNELL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0445 BROADHOLLOW RD STE 319
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011747

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$0.00$4.61$0.73$0.69$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.42$0.00$4.42$0.41$0.68$0.27
2022Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.38$0.57$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$0.00$5.21$0.39$0.62$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$0.00$5.24$0.41$0.74$0.33
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$0.00$5.48$0.40$0.51$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.00$5.25$0.60$0.49$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$0.00$5.38$0.46$0.57$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$0.00$5.31$0.42$0.43$0.01
2015Detailed filing. Detailed filing data is available for this year.$5.54$0.00$5.54$0.99$0.45$0.54
2014Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$1.10$0.64$0.46
2013Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$1.23$0.58$0.65
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$0.00$3.89$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.00$3.09$0.41