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Nonprofiteer
← JETT FOUNDATION INC

Form 990 for tax year 2022

Filed by JETT FOUNDATION INC.

Totals

Total revenue
$3,528,313
Total expenses
$2,039,167
Contributions and grants received
$3,521,678
Grants paid
$497,725
Program service revenue
$0
Investment income
$6,559
Other revenue
$76
Total assets, end of year
$3,509,096
Total liabilities, end of year
$46,555
Net assets or fund balances, end of year
$3,462,541
Program services expenses (Part IX)
$1,446,861
Management and general expenses
$271,082
Fundraising expenses
$321,224
Program service expenses (Part III)
$1,446,861

Program services were 71.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $29,030

  • 1f · All other contributions, gifts and grants

    $3,492,648

  • 3 · Investment income

    total $6,559 · excluded $6,559

  • 8a · Fundraising events: gross income

    $4,158

  • 8a · Fundraising events: contributions included on line 1c

    $29,030

  • 8b · Fundraising events: direct expenses

    $4,082

  • 8c · Net income from fundraising events

    total $76 · excluded $76

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $497,725 · program services $497,725

  • 5 · Compensation of officers, directors and key employees

    total $195,011 · program services $97,506 · management and general $39,002 · fundraising $58,503

  • 7 · Other salaries and wages

    total $597,241 · program services $322,067 · management and general $109,055 · fundraising $166,119

  • 9 · Other employee benefits

    total $34,941 · program services $19,046 · management and general $6,290 · fundraising $9,605

  • 10 · Payroll taxes

    total $58,970 · program services $31,269 · management and general $11,003 · fundraising $16,698

  • 11b · Fees: legal

    total $11,385 · management and general $11,385

  • 11c · Fees: accounting

    total $20,294 · management and general $20,294

  • 11g · Fees: other

    total $3,937 · management and general $3,937

  • 13 · Office expenses

    total $118,837 · program services $43,240 · management and general $43,944 · fundraising $31,653

  • 16 · Occupancy

    total $70,507 · program services $37,386 · management and general $13,156 · fundraising $19,965

  • 17 · Travel

    total $61,188 · program services $55,959 · management and general $1,171 · fundraising $4,058

  • 22 · Depreciation, depletion and amortization

    total $6,172 · program services $3,273 · management and general $1,151 · fundraising $1,748

  • 23 · Insurance

    total $12,183 · program services $6,460 · management and general $2,273 · fundraising $3,450

  • 24a · Other expenses: PROGRAM/EVENT SUPPLIES

    total $346,121 · program services $332,930 · management and general $3,957 · fundraising $9,234

  • 24b · Other expenses: MISCELLANEOUS

    total $4,655 · management and general $4,464 · fundraising $191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,338,204 · end of year $1,145,509

  • 2 · Savings and temporary cash investments

    beginning of year $763,196 · end of year $766,209

  • 3 · Pledges and grants receivable

    end of year $12,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,983 · end of year $28,525

  • 10a · Land, buildings and equipment: cost or other basis

    $79,445

  • 10b · Land, buildings and equipment: accumulated depreciation

    $74,989

  • 10c · Land, buildings and equipment, net

    beginning of year $6,308 · end of year $4,456

  • 11 · Investments: publicly traded securities

    beginning of year $6,828 · end of year $1,496,881

  • 14 · Intangible assets

    beginning of year $40,800 · end of year $38,880

  • 15 · Other assets

    beginning of year $16,136 · end of year $16,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $202,682 · end of year $46,555

  • 19 · Deferred revenue

    beginning of year $3,630

  • 27 · Net assets without donor restrictions

    beginning of year $1,183,610 · end of year $1,663,514

  • 28 · Net assets with donor restrictions

    beginning of year $806,533 · end of year $1,799,027

Mission and programs · 2022

Mission

JETT FOUNDATION EMPOWERS PEOPLE AND FAMILIES IMPACTED BY DUCHENNE MUSCULAR DYSTROPHY THROUGH THE DEVELOPMENT OF TRANSFORMATIVE PROGRAMMING, EDUCATIONAL OPPORTUNITIES, AND ONGOING SUPPORT FOR EVERY STAGE OF A DUCHENNE JOURNEY.

Activities or mission (Part I)

JETT FOUNDATION PROVIDES DIRECT SERVICE AND SUPPORT FOR FAMILIES AFFECTED BY DUCHENNE MUSCULAR DYSTROPHY.

  • DIRECT SERVICE - JETT GIVING FUND AND CAMP PROMISE:JETT GIVING FUND WAS ESTABLISHED TO ASSIST FAMILIES AFFECTED BY DUCHENNE MUSCULAR DYSTROPHY IN TWO WAYS. 1. PURCHASING AFFORDABLE, BUT VITAL ACCESSIBILITY EQUIPMENT SUCH AS ACCESSIBLE VEHICLES. 2. PROVIDING FINANCIAL ASSISTANCE FOR EMERGENCY SITUATIONS SUCH AS RENT AND UTILITY SUPPORT AND FOOD INSECURITY. CAMP PROMISE IS A BARRIER FREE WEEK LONG OVERNIGHT CAMP FOR THOSE WITH DUCHENNE AND OTHER NEUROMUSCULAR DISORDERS.

    Expenses $1,109,413 · Grants $497,725

  • EDUCATIONAL PROGRAMMING:JETT FOUNDATION FAMILY WORKSHOPS ARE A NATIONAL EDUCATIONAL PROGRAM THAT BRINGS CLINICIANS, RESEARCHERS, AND FAMILIES AFFECTED BY DUCHENNE TOGETHER TO LEARN ABOUT CARE, CRUCIAL INFORMATION AND RESOURCES IN MANY CITIES EACH YEAR. THE MISSION OF THIS PROGRAM IS TO EMPOWER PATIENTS AND FAMILIES WITH THE KNOWLEDGE NEEDED TO BE THEIR OWN BEST ADVOCATES, SPREAD AWARENESS ABOUT DUCHENNE IN THE MEDICAL FIELD, AND HELP ACCELERATE RESEARCH AND DEVELOPMENT.IN 2021, JETT FOUNDATION CONTINUED TO PROVIDE OUR NEW VIRTUAL COMMUNITY WEBINAR SERIES. JETT HOSTED 19 WEBINARS FEATURING CLINICAL TRIALS, DUCHENNE CARE AND WELLNESS WITH OVER 500 REGISTERED PARTICIPANTS.LAUNCHED IN 2017, THIS PROGRAM SPREADS AWARENESS ABOUT DUCHENNE AND THE PROGRAMS AND SERVICES THAT JETT FOUNDATION PROVIDES, THROUGH COMMUNITY AMBASSADORS (MOMS, DADS, GRANDPARENTS, AND SIBLINGS) WHO ARE ALREADY FAMILIAR WITH THE DUCHENNE LANDSCAPE. IN 2021, 17 JETT FOUNDATION AMBASSADORS ENGAGED WITH AN ESTIMATED 275 FAMILIES AFFECTED BY DUCHENNE THROUGHOUT THE COUNTRY. THE DUCHENNE BIOTECHNOLOGY COUNCIL ("DBC") IS A GROUP OF INDUSTRY PARTNERS IN THE DUCHENNE SPACE WHO HAVE COME TOGETHER TO TRY TO SOLVE SOME OF THE MAJOR BARRIERS TO INNOVATION THAT THEY ALL FACE IN DUCHENNE DRUG DEVELOPMENT. AS A TEAM, THESE PHARMACEUTICAL COMPANIES, WITH DIFFERENT TECHNOLOGIES, INTELLECTUAL PROPERTIES, AND CULTURES, HAVE COMMITTED TO MEETING QUARTERLY TO BRAINSTORM AND THEN TACKLE THE COMMON CHALLENGES THEY ALL FACE AS DRUG DEVELOPERS IN DUCHENNE. DUE TO STAFFING CHANGES AND COVID-19 THE COUNCIL DID NOT MEET IN 2021. JETT USED THIS TIME TO FURTHER EVALUATE THE YOUR VOICE; BURDEN OF DISEASE STUDY AND ENGAGE A CONSULTANT TO GUIDE NEXT STEPS IN 2021.

    Expenses $150,203

  • RESEARCH: ALTHOUGH MINIMAL IN 2021, JETT FOUNDATION CONTINUES TO SUPPORT RESEARCH. JETT'S EFFORTS IN RESEARCH HAVE LED TO AN INCREASE IN CLINICAL TRIALS, WHICH HAS EXPANDED THE ORGANIZATION'S EDUCATIONAL PROGRAMMING TO INCLUDE INFORMATION ON INNOVATIVE RESEARCH AND DRUG DEVELOPMENT.

    Expenses $104,279

  • ADVOCACY:THE JETT FOUNDATION'S CONTINUED WORK IN ADVOCACY HAS BEEN FOCUSED ON EDUCATING REGULATORY AND INDUSTRY PARTNERS ABOUT DUCHENNE IN HOPES TO ACCELERATE THE PATHWAYS TO FINDING TREATMENTS FOR THIS FATAL DISEASE.

    Expenses $82,966

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine McSherry

    FOUNDER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Leo Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Alfred Jackson

    VICE CHAIR/CLERK

    Total calculated
    $0
    Hours/week
    1
  • Colleen Pike

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ellen Hanson

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mike Mullin

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Robert Stubbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Wendy Erler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Diane Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Eric Snyder

    EXECUTIVE DIRECTOR

    Total calculated
    $199,761
    From this org
    $182,627
    From related orgs
    $0
    Other
    $17,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,627
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,134
    Filer's total
    $199,761

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202332969349300858

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