Civic Intelligence

Jacks Basket

990 • Fiscal year 2022 • EIN 81-4310519

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

1170 Red Fox RoadArden Hills, MN 55112

(651) 456-8321

Siviq Scores

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

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

63rd percentile

$87,980

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

81st percentile

28%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

7.7%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,172,640

Up $256,604 (+28%) from 2021

Net Assets

Up

$1,059,841

Up $145,127 (+16%) from 2021

Liabilities

Up

$112,799

Up $111,477 (+8432%) from 2021

Revenue

Up

$966,826

Up $69,417 (+7.7%) from 2021

Expenses

Up

$827,492

Up $283,909 (+52%) from 2021

Net Income

Down

$139,334

Down $214,492 (-61%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $111,159Liabilities 2017: $0Net Assets 2017: $111,1592017Assets 2018: $184,087Liabilities 2018: $107Net Assets 2018: $183,9802018Assets 2019: $468,966Liabilities 2019: $0Net Assets 2019: $468,9662019Assets 2020: $562,517Liabilities 2020: $28,711Net Assets 2020: $533,8062020Assets 2021: $916,036Liabilities 2021: $1,322Net Assets 2021: $914,7142021Assets 2022: $1,172,640Liabilities 2022: $112,799Net Assets 2022: $1,059,8412022Assets 2023: $1,468,208Liabilities 2023: $130,874Net Assets 2023: $1,337,3342023Assets 2024: $1,683,100Liabilities 2024: $115,914Net Assets 2024: $1,567,1862024

Highlighted filing

2022

Assets$1,172,640
Liabilities$112,799
Net Assets$1,059,841

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2017: $150,003Expenses 2017: $58,571Net Income 2017: $91,4322017Revenue 2018: $240,307Expenses 2018: $167,486Net Income 2018: $72,8212018Revenue 2019: $581,626Expenses 2019: $296,640Net Income 2019: $284,9862019Revenue 2020: $483,813Expenses 2020: $418,973Net Income 2020: $64,8402020Revenue 2021: $897,409Expenses 2021: $543,583Net Income 2021: $353,8262021Revenue 2022: $966,826Expenses 2022: $827,492Net Income 2022: $139,3342022Revenue 2023: $1,268,762Expenses 2023: $991,269Net Income 2023: $277,4932023Revenue 2024: $1,486,293Expenses 2024: $1,256,441Net Income 2024: $229,8522024

Highlighted filing

2022

Revenue$966,826
Expenses$827,492
Net Income$139,334
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,100,917
Mission and Program Overview

Mission

Jack's basket is a 501(c)3 nonprofit organization with a mission to celebrate babies with down syndrome. We strive to ensure that every new and expectant parent is provided resources and avenues of support within the community. We aim to educate medical providers on how to discuss the diagnosis in an unbiased way in hopes that the birth of a child with down syndrome is celebrated like any other.

Celebrating babies with down syndrome

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$256,176$809,813▲ $553,637
Cash and Non-Interest-Bearing Accounts$606,101$221,577▼ $384,524
Land, Buildings, and Equipment, Net$5,659$19,498▲ $13,839
Total Assets$916,036$1,172,640▲ $256,604
Other Assets Total$48,100$121,752▲ $73,652
Liabilities
Other Liabilities$1,322$62,237▲ $60,915
Accounts Payable and Accrued Expenses-$50,562-
Total Liabilities$1,322$112,799▲ $111,477
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$903,014$1,049,016▲ $146,002
Net Assets With Donor Restrictions$11,700$10,825▼ $875
Total Net Assets Fund Balance$914,714$1,059,841▲ $145,127
Total Liabilities and Net Assets / Fund Balance$916,036$1,172,640▲ $256,604

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,996$3,749$18,745
Equipment$4,502$1,870$6,372
Other Assets Org$9,821--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carissa CarrollExecutive DiFT$85,417$2,563$87,980

Board Members and Trustees

NameTitle
James LarsonChairperson
Dr Erin PlummerBoard Member
Dr Niyati PatelBoard Member
Dre BarthelBoard Member
Greg StalsbergBoard Member
Leah EricksonBoard Member
Sam LacyBoard Member
Susan Corcoran - Through 12122Board Member
Sarah DarrSecretary
Michelle Tran PhelpsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$931,565
Program Service Revenue
$0
Investment Income
$5,093
Other Revenue
$30,168
All Other Contributions
$451,564
Change in Net Assets
$139,334

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table128$40,923Fair Value
Clothing and Household Goods-$21,306Fair Value
Total Noncash Contributions128$62,229-

Audited Revenue Reconciliation

Revenue per Audited Statements
$966,826
Revenue Not Reported on Form 990
$19,858
Total Revenue per Audited Statements
$986,684
Total Revenue per Form 990
$966,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$512,055
Salaries, Compensation, and Employee Benefits$315,437
Total Fundraising Expense$90,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,027$23,964$34,679$200,670
Other Expenses$133,838$554$195$134,587
Current Officers, Directors, Trustees, and Key Employees$60,706$11,437$15,836$87,979
Fees for Services Accounting$8,765$42,790$8,750$60,305
Occupancy$25,543$4,850$6,729$37,122
Office Expenses$4,161$24,229$6,662$35,052
Travel$23,634$4,826$2,923$31,383
Payroll Taxes$9,898$4,949$4,949$19,796
Advertising$4,561$2,114$7,358$14,033
Information Technology$5,421$2,629-$8,050
Pension Plan Contributions$4,424$856$1,712$6,992
Depreciation Depletion-$4,906-$4,906
Insurance$3,019$573$795$4,387
Total Functional Expenses$608,227$128,677$90,588$827,492

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$847,350
Expenses per Audited Statements$827,492
Total Expenses per Form 990$827,492
Expenses Not Reported on Form 990$19,858
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$154,980
Fundraising Direct Expenses$134,091
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$634,981$154,980$23,520$131,460
Total Events$634,981$154,980$134,091$20,889
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$62,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Prior to filing, a copy of form 990 is reviewed by the treasurer and another member of the board. After the return is filed, the return is presented at a board meeting.

Form 990, Page 6, Part VI, Line 12C

The organization regularly monitors the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

The organization makes it articles of incorporation, bylaws, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
JACK'S BASKET
EIN
81-4310519
Phone
6514568321
Address
1170 RED FOX ROAD, ARDEN HILLS, MN 55112

Signing Officer

Name
James Larson
Title
Chairperson
Phone
6514568321
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Larson
Formed
2016
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
175

Preparer

Firm
Boyum & Barenscheer Pllp
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Becky L Gibbs
Phone
9528544244
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Jack's basket is a 501(c)3 nonprofit organization with a mission to celebrate babies with down syndrome. We serve every baby possible with a primary focus on those in the u.s. We support families from time of diagnosis to baby 1st birthday. We do this better than any organization by focusing on three primary activities: 1. Engaging, educating, and empowering healthcare providers to comminicate and discuss down syndrome accurately without bias, 2. Inspiring and connecting new parents with other families and recources and 3. Building awareness and changing the narrative of down syndrome in society.

Form 990, Page 2, Part III, Line 4A

Resources and support: jack's basket provides resources to new families and avenues to connect within the community. They provide information from the national down syndrome society, help me grow, down syndrome diagnosis network, down syndrome association of mn, pacer mn, gigi's playhouse, and other organizations within the community along with baby gifts in celebration of the new baby. New and expectant families are provided the resources by way of a basket containing a letter from jack's family, brochures, books and gifts to celebrate their child. During 2022, 1,822 baskets were delivered throughout the united states and the world. Since inception over 6500 baskets have been delivered to families in 50 states and 40 countries. Jack's basket provides medical outreach to health care providers that deliver a diagnosis of down syndrome to new families and best practice when sharing the unexpected news. We train and prepare nurses, genetic counselors, physicians, social workers and other medical staff at the hospital and clinics.

Form 990, Part XI, Line 9

Event expenses netted with revenue on 990 19,858 event expenses netted with revenue on 990 -19,858

Form 990, Page 12, Part XII, Line 1

Prior year 990 was prepared on the cash basis. Changed to accrual basis to match audited financial statements and meet requirements for the state of minnesota.

Financial Statement Notes

Schedule D, Page 3, Part X

Of the internal revenue code and section 290.05 of the minnesota statutes and is only subject to federal and state income taxes on net unrelated business income. Since the organization had no unrelated business taxable income in the years ended december 31, 2022 and 2021, the accompanying financial statements do not include any provision for federal or state income taxes. The organization has not been audited by a tax authority, and accordingly the informational tax returns for the past three years are open to examination. Management has evaluated its tax positions and has concluded that they do not result in anything that would require either recording or disclosure in the financial statements based on the criteria set forth in asc 740.

Schedule D, Page 4, Part XI, Line 2D

Event expenses netted with revenue on 990 19,858

Schedule D, Page 4, Part XII, Line 2D

Event expenses netted with revenue on 990 19,858

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IRS990/PrincipalOfficerNm0JAMES LARSON
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OF THE INTERNAL REVENUE CODE AND SECTION 290.05 OF THE MINNESOTA STATUTES AND IS ONLY SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. SINCE THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME IN THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION HAS NOT BEEN AUDITED BY A TAX AUTHORITY, AND ACCORDINGLY THE INFORMATIONAL TAX RETURNS FOR THE PAST THREE YEARS ARE OPEN TO EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT THEY DO NOT RESULT IN ANYTHING THAT WOULD REQUIRE EITHER RECORDING OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON THE CRITERIA SET FORTH IN ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EVENT EXPENSES NETTED WITH REVENUE ON 990 19,858
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EVENT EXPENSES NETTED WITH REVENUE ON 990 19,858
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JACK'S BASKET IS A 501(C)3 NONPROFIT ORGANIZATION WITH A MISSION TO CELEBRATE BABIES WITH DOWN SYNDROME. WE SERVE EVERY BABY POSSIBLE WITH A PRIMARY FOCUS ON THOSE IN THE U.S. WE SUPPORT FAMILIES FROM TIME OF DIAGNOSIS TO BABY 1ST BIRTHDAY. WE DO THIS BETTER THAN ANY ORGANIZATION BY FOCUSING ON THREE PRIMARY ACTIVITIES: 1. ENGAGING, EDUCATING, AND EMPOWERING HEALTHCARE PROVIDERS TO COMMINICATE AND DISCUSS DOWN SYNDROME ACCURATELY WITHOUT BIAS, 2. INSPIRING AND CONNECTING NEW PARENTS WITH OTHER FAMILIES AND RECOURCES AND 3. BUILDING AWARENESS AND CHANGING THE NARRATIVE OF DOWN SYNDROME IN SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RESOURCES AND SUPPORT: JACK'S BASKET PROVIDES RESOURCES TO NEW FAMILIES AND AVENUES TO CONNECT WITHIN THE COMMUNITY. THEY PROVIDE INFORMATION FROM THE NATIONAL DOWN SYNDROME SOCIETY, HELP ME GROW, DOWN SYNDROME DIAGNOSIS NETWORK, DOWN SYNDROME ASSOCIATION OF MN, PACER MN, GIGI'S PLAYHOUSE, AND OTHER ORGANIZATIONS WITHIN THE COMMUNITY ALONG WITH BABY GIFTS IN CELEBRATION OF THE NEW BABY. NEW AND EXPECTANT FAMILIES ARE PROVIDED THE RESOURCES BY WAY OF A BASKET CONTAINING A LETTER FROM JACK'S FAMILY, BROCHURES, BOOKS AND GIFTS TO CELEBRATE THEIR CHILD. DURING 2022, 1,822 BASKETS WERE DELIVERED THROUGHOUT THE UNITED STATES AND THE WORLD. SINCE INCEPTION OVER 6500 BASKETS HAVE BEEN DELIVERED TO FAMILIES IN 50 STATES AND 40 COUNTRIES. JACK'S BASKET PROVIDES MEDICAL OUTREACH TO HEALTH CARE PROVIDERS THAT DELIVER A DIAGNOSIS OF DOWN SYNDROME TO NEW FAMILIES AND BEST PRACTICE WHEN SHARING THE UNEXPECTED NEWS. WE TRAIN AND PREPARE NURSES, GENETIC COUNSELORS, PHYSICIANS, SOCIAL WORKERS AND OTHER MEDICAL STAFF AT THE HOSPITAL AND CLINICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO FILING, A COPY OF FORM 990 IS REVIEWED BY THE TREASURER AND ANOTHER MEMBER OF THE BOARD. AFTER THE RETURN IS FILED, THE RETURN IS PRESENTED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY MONITORS THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IT ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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