Jet Award Foundation & Trust Inc.

“Johnny rodgers denny drake board member board member business ventures kurt wagner denny drake board member board member business ventures joni flynn denny drake board member board member business ventures kurt wagner johnny rodgers board member board member business ventures joni flynn johnny rodgers board member board member business ventures kurt wagner joni flynn board member board member business ventures”

“Patrick z. Alston ruth mccully vince leisey 331 village pointe plaza omaha, ne 68118 dick zacharia william reed denny drake johnny rodgers kurt wagner joni flynn fredrick stehlik rob trebilcock jim siemonsma lt colonel thomas traylor michael c. Severe”

“Form 990 review performed by treasurer (dick zacharia) and by executive director (michael severe). Additionally, form 990 was provided to all the organization's governing board members before it was filed.”

“Annual inquiry of potential conflicts, providing opportunity to disclose, at final board meeting of tax year, with the potential for expulsion/replacement depending on surrounding circumstances.”

“Governing documents are made available to the public upon request.”

“The foundation's 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.”

“Johnny rodgers, as the founder of the jet award foundation, actively engages in various promotional, advertising, and fundraising activities to support the foundation's mission. Here are some of the duties he undertakes: 1.school visits and speaking engagements: - johnny rodgers visits schools to speak with students about the importance of education, perseverance, and career opportunities in technical fields. He shares his personal story and inspires young people to pursue their goals. - these engagements also serve to promote awareness of the jet award foundation and its initiatives among the youth. 2.meeting with potential donors: - johnny rodgers personally meets with potential donors, sponsors, and supporters of the jet award foundation. - he articulates the foundation's goals, showcases its impact on the community, and seeks financial contributions to sustain and expand scholarship programs. 3.visiting justice centers: - rodgers visits justice centers and juvenile facilities to engage with young individuals who may have faced challenges in their education or personal lives. - he offers motivational talks, guidance, and support to help these individuals get back on track with their education and personal development. - by connecting with youth in these settings, rodgers aims to inspire positive change and encourage them to pursue education and career opportunities. 4.public relations and media engagements: - rodgers participates in media interviews, press conferences, and public speaking events to raise awareness about the jet award foundation. - through these platforms, he shares success stories of scholarship recipients, highlights the impact of the foundation's programs, and encourages community involvement and support. 5.organizing and participating in fundraising events: - johnny rodgers plays a pivotal role in organizing fundraising events such as auctions, galas, and charity sports events. - he actively participates in these events by speaking, networking with attendees, and promoting auction items to generate funds for the foundation's scholarships and programs. Accounting method change from cash to accrual. Form 990, part ix, line 11g - repayment of grant (covid) - grant repayment was a one time repayment relating to a grant from 2020/2021 from douglas county visitor improvement fund. Terms of the grant repayment were not determinable until fiscal year 2024 and directly relate to covid restrictions on in-person social events. Due to these restrictions, the jet award foundation was not able to hold their annual gala in person and had to resort to a virtual format. Douglas county visitor improvement fund later determined that a virtual format would not qualify for this specific grant and that the grant would need to be repaid accordingly. This grant repayment results in a negative unrestricted net assets balance for fiscal year 2024.”

“Direct scholarship program established to support students with financial need to pursue career and technical education programs.”

“In past years, the jet award annual event & gala was treated as the primary program service for the foundation, with the scholarship program being directly involved in the event and the underlying program service accomplishment. Starting in fiscal year 2024, the annual event & gala has transitioned to being primarily a fundraising activity to support the overall mission with the scholarship program being the direct and fundamental program service accomplishment. That change is reflected on the 2024 form 990.”

“Website development 0 6,725 0 payroll processing fees 0 56 0 outside contracted services 0 8,600 0 public relations (johnny) 0 24,000 0 repayment of grant (covid) 0 35,000 0 total 0 74,381 0”

“Increase temp-restricted assets 1,193,968 section 481(a) adjustment -16,025 total 1,177,943 increase change of 1,193,968 to restricted net assets due to temporarily restricted funds not yet meeting conditions set to be recognized as revenue. Decrease change of 16,025 to unrestricted net assets due to section 481(a) adjustment due to conversion from cash basis accounting to accrual basis accounting. Election made to take the entire amount of the adjustment into account in the tax year of change, tax year 2024.”

“Accounting method changed from cash to accrual.”