Civic Intelligence

Jakt Foundation Inc.

990EZ • Fiscal year 2017 • EIN 81-5319087

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 12, 2018

Organization ProfileN/A
PO Box 85Newman Lake, WA 99025

(509) 621-0125

Siviq Scores

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

Liabilities / Assets

99th percentile

13.45x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

15th percentile

-22%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

$2,789

No earlier filing loaded for comparison.

Net Assets

-$34,711

No earlier filing loaded for comparison.

Liabilities

$37,500

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin15th percentile

Revenue

$156,329

No earlier filing loaded for comparison.

Expenses

$191,040

No earlier filing loaded for comparison.

Net Income

-$34,711

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$100K$50K$0-$50KAssets 2017: $2,789Liabilities 2017: $37,500Net Assets 2017: -$34,7112017Assets 2018: $1,764Liabilities 2018: $40,312Net Assets 2018: -$38,5482018Assets 2019: $12,011Liabilities 2019: $1,487Net Assets 2019: $10,5242019Assets 2020: $32,415Liabilities 2020: $1,435Net Assets 2020: $30,9802020Assets 2021: $41,675Liabilities 2021: $1,556Net Assets 2021: $40,1192021Assets 2022: $50,044Liabilities 2022: $3,422Net Assets 2022: $46,6222022Assets 2023: $22,543Liabilities 2023: $7,552Net Assets 2023: $14,9912023

Highlighted filing

2017

Assets$2,789
Liabilities$37,500
Net Assets-$34,711
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2017: $156,329Expenses 2017: $191,040Net Income 2017: -$34,7112017Revenue 2018: $196,029Expenses 2018: $199,866Net Income 2018: -$3,8372018Revenue 2019: $272,252Expenses 2019: $223,180Net Income 2019: $49,0722019Revenue 2020: $87,740Expenses 2020: $67,284Net Income 2020: $20,4562020Revenue 2021: $154,223Expenses 2021: $135,410Net Income 2021: $18,8132021Revenue 2022: $260,033Expenses 2022: $253,530Net Income 2022: $6,5032022Revenue 2023: $246,124Expenses 2023: $277,755Net Income 2023: -$31,6312023

Highlighted filing

2017

Revenue$156,329
Expenses$191,040
Net Income-$34,711
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 12, 2018
Return Version
2017v2.3
Gross Receipts
$156,329
Mission and Program Overview

Mission

The jakt foundation will hold educational and charitable events surrounding food, wine, beer, and music around the state of washington. The foundation will actively promote food, socializing, and the appreciation of culture while guests enjoy fine cuisine.

Program Services

DescriptionGrantsExpenses
THE JAKT FOUNDATION HELD EDUCATIONAL AND CHARITABLE EVENTS SURROUNDING FOOD, WINE, BEER, AND MUSIC AROUND THE STATE OF WASHINGTON. THE FOUNDATION ACTIVELY PROMOTED FOOD, SOCIALIZING, AND THE APPRECIATION OF CULTURE WHILE GUESTS ENJOYED FINE CUISINE.$0$163,130
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ADAM HEGSTEDPresident-$0--
THOMAS W STEBBINSVice President-$0--
KAREN L STEBBINSSecretary-$0--
JENNIFER HEGSTEDTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Jakt Foundation
EIN
81-5319087
Phone
5096210125
Address
PO BOX 85, NEWMAN LAKE, WA 99025

Signing Officer

Name
Adam Hegsted
Title
President
Phone
5096210125
Signed
2018-07-12
Discuss with paid preparer
Yes

Preparer

Firm
Eide Bailly Llp
Address
999 W RIVERSIDE AVE STE 101, SPOKANE, WA 99201-1005
Preparer
Hubert Langenhorst
Phone
5097476154
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank service charges. Amount: 2,769. Description: chefs appearance fees. Amount: 38,179. Description: event production. Amount: 100,603. Description: loan interest. Amount: 831. Description: health department requirements. Amount: 1,213. Description: security. Amount: 2,512. Description: tickets and scanners. Amount: 1,205. Total to form 990-ez, line 16: 147,312.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: line of credit. Beg. Of year amount: 0. End of year amount: 37,500.”

Raw XML Appendix160 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEWMAN LAKE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd099025
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
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IRS990EZ/LobbyingActivitiesInd00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ADAM HEGSTED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1THOMAS W STEBBINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KAREN L STEBBINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JENNIFER HEGSTED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0147312
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE JAKT FOUNDATION WILL HOLD EDUCATIONAL AND CHARITABLE EVENTS SURROUNDING FOOD, WINE, BEER, AND MUSIC AROUND THE STATE OF WASHINGTON. THE FOUNDATION WILL ACTIVELY PROMOTE FOOD, SOCIALIZING, AND THE APPRECIATION OF CULTURE WHILE GUESTS ENJOY FINE CUISINE.
IRS990EZ/PrintingPublicationsPostageAmt039848
IRS990EZ/ProgramServiceRevenueAmt075643
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE JAKT FOUNDATION HELD EDUCATIONAL AND CHARITABLE EVENTS SURROUNDING FOOD, WINE, BEER, AND MUSIC AROUND THE STATE OF WASHINGTON. THE FOUNDATION ACTIVELY PROMOTED FOOD, SOCIALIZING, AND THE APPRECIATION OF CULTURE WHILE GUESTS ENJOYED FINE CUISINE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0163130
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt037500
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0191040
IRS990EZ/TotalProgramServiceExpensesAmt0163130
IRS990EZ/TotalRevenueAmt0156329
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt09592
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt09592
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt02017 WAS ORGANIZATIONS FIRST YEAR. ORGANIZATION WAS INCORPORATED ON 02/10/2017 WHICH RESULTED IN A SHORT YEAR RETURN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt080686
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt080686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt075643
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt075643
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0146737
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0156329
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0156329
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt037500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CAPITAL INFUSION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt037500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TOM STEBBINS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt037500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 2,769. DESCRIPTION: CHEFS APPEARANCE FEES. AMOUNT: 38,179. DESCRIPTION: EVENT PRODUCTION. AMOUNT: 100,603. DESCRIPTION: LOAN INTEREST. AMOUNT: 831. DESCRIPTION: HEALTH DEPARTMENT REQUIREMENTS. AMOUNT: 1,213. DESCRIPTION: SECURITY. AMOUNT: 2,512. DESCRIPTION: TICKETS AND SCANNERS. AMOUNT: 1,205. TOTAL TO FORM 990-EZ, LINE 16: 147,312.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LINE OF CREDIT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 37,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM HEGSTED
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ReturnHeader/BusinessOfficerGrp/PhoneNum05096210125
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ReturnHeader/Filer/EIN0815319087
ReturnHeader/Filer/PhoneNum05096210125
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 85
ReturnHeader/Filer/USAddress/CityNm0NEWMAN LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd099025
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
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ReturnHeader/FilingSecurityInformation/IPDt02018-07-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm007:43:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0999 W RIVERSIDE AVE STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPOKANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0992011005
ReturnHeader/PreparerPersonGrp/PhoneNum05097476154
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HUBERT LANGENHORST
ReturnHeader/ReturnTs02018-07-23T16:40:34-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-02-10
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,789
Liabilities
$37,500
Net assets
-$34,711
Revenue
$156,329
Expenses
$191,040
Net income
-$34,711
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.15$2.46$2.78$0.32
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.03$0.47$2.60$2.54$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.02$0.40$1.54$1.35$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.31$0.88$0.67$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$2.72$2.23$0.49
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.40$0.39$1.96$2.00$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.38$0.35$1.56$1.91$0.35