Civic Intelligence

Jacks Basket

990 • Fiscal year 2023 • EIN 81-4310519

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 15, 2024

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

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$110,527

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

80th percentile

25%

Faster asset growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

31%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,468,208

Up $295,568 (+25%) from 2022

Net Assets

Up

$1,337,334

Up $277,493 (+26%) from 2022

Liabilities

Up

$130,874

Up $18,075 (+16%) from 2022

Revenue

Up

$1,268,762

Up $301,936 (+31%) from 2022

Expenses

Up

$991,269

Up $163,777 (+20%) from 2022

Net Income

Up

$277,493

Up $138,159 (+99%) from 2022

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

2023

Assets$1,468,208
Liabilities$130,874
Net Assets$1,337,334

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

2023

Revenue$1,268,762
Expenses$991,269
Net Income$277,493
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,475,841
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
Cash and Non-Interest-Bearing Accounts$221,577$868,679▲ $647,102
Savings and Temporary Cash Investments$809,813$437,583▼ $372,230
Land, Buildings, and Equipment, Net$19,498$14,591▼ $4,907
Inventories for Sale or Use-$12,531-
Prepaid Expenses and Deferred Charges-$11,733-
Total Assets$1,172,640$1,468,208▲ $295,568
Other Assets Total$121,752$123,091▲ $1,339
Liabilities
Accounts Payable and Accrued Expenses$50,562$82,825▲ $32,263
Other Liabilities$62,237$48,049▼ $14,188
Total Liabilities$112,799$130,874▲ $18,075
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,049,016$1,337,334▲ $288,318
Net Assets With Donor Restrictions$10,825--
Total Net Assets Fund Balance$1,059,841$1,337,334▲ $277,493
Total Liabilities and Net Assets / Fund Balance$1,172,640$1,468,208▲ $295,568

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$11,247$7,498$18,745
Equipment$3,344$3,028$6,372
Other Assets Org$46,651--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carissa CarrollExecutive DiFT$107,308$3,219$110,527

Board Members and Trustees

NameTitle
James LarsonChairperson
Dr Erin PlummerBoard Member
Dre BarthelBoard Member
Greg StalsbergBoard Member
Sam LacyBoard Member
Sarah DarrSecretary
Michelle Tran Phelps - Thru 323Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,251,490
Program Service Revenue
$0
Investment Income
$20,098
Other Revenue
$-2,826
All Other Contributions
$667,327
Change in Net Assets
$277,493

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 Table116$57,808Fair Value
Clothing and Household Goods-$18,927Fair Value
Other Non Cash Contri Table3$2,300Fair Value
Total Noncash Contributions119$79,035-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,087,453
Revenue Not Reported on Financial Statements
$181,309
Revenue Not Reported on Form 990
$207,079
Other Revenue Adjustments
$181,309
Total Revenue per Audited Statements
$1,294,532
Total Revenue per Form 990
$1,268,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$446,839
Other Expenses$328,528
Grants and Similar Amounts Paid$215,902
Total Fundraising Expense$208,278
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$161,429$36,277$97,670$295,376
Grants to Domestic Individuals$215,902--$215,902
Current Officers, Directors, Trustees, and Key Employees$60,405$13,575$36,547$110,527
Fees for Services Other$5,880$50,904$9,866$66,650
Other Expenses$59,664$897$64$60,625
Advertising$15,272$17,089$21,327$53,688
Office Expenses$13,863$26,993$9,455$50,311
Occupancy$20,648$4,641$12,493$37,782
Travel$20,224$11,471$3,779$35,474
Payroll Taxes$16,166$3,633$9,781$29,580
Information Technology$6,413$6,828$2,400$15,641
Pension Plan Contributions$3,380$760$2,045$6,185
Other Employee Benefits$2,826$635$1,710$5,171
Depreciation Depletion-$4,906-$4,906
Insurance$1,886$424$1,141$3,451
Total Functional Expenses$603,958$179,033$208,278$991,269

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$991,269
Total Expenses per Form 990$991,269
Expenses per Audited Statements$809,960
Expenses Not Reported on Financial Statements$181,309
Expenses Not Reported on Form 990$181,309
Other Expense Adjustments$181,309
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$207,079
Fundraising Gross Income$181,309
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$765,472$181,309$30,332$150,977
Total Events$765,472$181,309$207,079$-25,770
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$48,049
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 1A

The executive committee has the authority to act on behalf of the governing body.

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 15A

The board meets annually to establish and document the executive director's compensation using key performance indicators, personal performance, and comparability data of likesized nonprofit organizaitons.

Form 990, Page 6, Part VI, Line 17

Idaho, illinois, indiana, kansas, kentucky, louisiana, massachusetts, maryland, maine, michigan, minnesota, mississippi, mississippi, montana, north carolina, north dakota, nebraska, new hampshire, new mexico, nevada, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, south dakota, tennessee, texas, utah, virginia, vermont, washington, wisconsin, west virginia, wyoming

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
2024-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Larson
Formed
2016
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
225

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 2023, 1,765 baskets were delivered throughout the united states and the world. Since inception over 8297 baskets have been delivered to families in 50 states and 43 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.

Financial Statement Notes

Schedule D, Page 3, Part X

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

Fundraiser event expenses 207,079

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

Direct donor benefit 181,309

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

Direct donor benefit 181,309

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

Direct donor benefit 181,309

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IRS990/Desc0RESOURCES 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 2023, 1,765 BASKETS WERE DELIVERED THROUGHOUT THE UNITED STATES AND THE WORLD. SINCE INCEPTION OVER 8297 BASKETS HAVE BEEN DELIVERED TO FAMILIES IN 50 STATES AND 43 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.
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IRS990/MissionDesc0JACK'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.
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IRS990/PayrollTaxesGrp/ProgramServicesAmt016166
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IRS990/PensionPlanContributionsGrp/FundraisingAmt02045
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0760
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03380
IRS990/PensionPlanContributionsGrp/TotalAmt06185
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011733
IRS990/PrincipalOfficerNm0JAMES LARSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYTotalRevenueAmt0966826
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0437583
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt022,944
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0480795
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0605397
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04133966
IRS990ScheduleA/TotalSupportAmt04190917
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07498
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018745
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076440
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt146651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER PROGRAM ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ROU ASSET
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IRS990ScheduleD/OtherExpensesNotIncludedAmt0181309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt0207079
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IRS990ScheduleD/RevenueNotReportedAmt0207079
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0181309
IRS990ScheduleD/RevenueSubtotalAmt01087453
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1FUNDRAISER EVENT EXPENSES 207,079
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT DONOR BENEFIT 181,309
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT DONOR BENEFIT 181,309
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4DIRECT DONOR BENEFIT 181,309
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 XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0BASKET SUPPLIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0215902
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0NEWBORN GIFTS
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION GIVES SUPPORT IN THE FORM OF BASKETS CONTAINING VARIOUS LITERATURE AND GIFTS FOR NEW AND EXPECTANT FAMILIES OF CHILDREN WITH DOWN SYNDROME. THE ORGANIZATION MAINTAINS RECORDS THAT SUBSTATNTIATES THE VALUE OF SUPPORT PROVIDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt13
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SILENT AUCTION
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1OTHER EVENTS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt12300
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II

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