JASON CLEARWATER FUND NFP: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
JASON CLEARWATER FUND NFP (EIN 47-1348792)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-12
IRS object ID
202511329349103631
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-12T17:25:28-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364011554PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BRUNS & BRUNS LIMITEDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1321 W MAPLE ST STE 101AddressLine1Txt
CityNEW LENOXCityNm
State AbbreviationILStateAbbreviationCd
ZIP604511633ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471348792EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JASON CLEARWATER FUND NFPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJASOBusinessNameControlTxt
Phone8158239182PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1507 FEENEY DRIVEAddressLine1Txt
CityMINOOKACityNm
State AbbreviationILStateAbbreviationCd
ZIP60447ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNATE OLSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8154855656PhoneNum
Signature2025-05-12SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRYAN BRUNSPreparerPersonNm
PTINP01262459PTIN
Phone8154855656PhoneNum
Preparation2025-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,688ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Other Income Rev And Expnss$125,984OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$125,984OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$151,672TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$125,984TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$956AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$15OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$11TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$59,355OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$52,742OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$60,337TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$52,742TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$110,596ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$88,331ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$170,933TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$52,742TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$88,331TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,261ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$73,242AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$67,025CashBOYAmt
Cash EOY$47,764CashEOYAmt
Total Assets BOY$67,025TotalAssetsBOYAmt
Total Assets EOY$47,764TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$67,025RetainedEarningBOYAmt
Retained Earning EOY$47,764RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$67,025TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$47,764TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$67,025TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$47,764TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$67,025TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,261ExcessRevenueOverExpensesAmt
Subtotal$47,764SubtotalAmt
Tot Net Ast Or Fund Balances EOY$47,764TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.JASONCLEARWATERFUND.ORGWebsiteAddressTxt
Individual With BooksNATE OLSONIndividualWithBooksNm
Phone8158239182PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1507 FEENEY DRIVEAddressLine1Txt
CityMINOOKACityNm
State AbbreviationILStateAbbreviationCd
ZIP60447ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
NATE OLSON
507 FEENEY DRIVEMOKENAIL60447PRESIDENT000.00$0$0$0
JEREMY T CADE
236 COMMERCE STREETSENECAIL61360VICE PRESIDE000.00$0$0$0
JEREMY SHERWOOD
PO BOX 551SENECAIL61360TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1JASON CLEARWATER FUND GOLF OUTING WHERE MONEY IS USED FOR YOUTH AND AMATUER SPORTS.Description1Txt
Expenses1$46,313Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$88,331ExpensesAndContributionsAmt
Qualifying Distributions$88,331QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$88,331QualifyingDistributionsAmt
Remaining Distri From Corpus$88,331RemainingDistriFromCorpusAmt
Total Corpus$88,331TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$3,759Year1Amt
Year3$2,653Year3Amt
Total$6,412TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year1$3,195Year1Amt
Year3$2,255Year3Amt
Total$5,450TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$88,331CurrentYearAmt
Year1$94,915Year1Amt
Year2$38,182Year2Amt
Year3$62,863Year3Amt
Total$284,291TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$88,331CurrentYearAmt
Year1$94,915Year1Amt
Year2$38,182Year2Amt
Year3$62,863Year3Amt
Total$284,291TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Year1$2,506Year1Amt
Year3$1,769Year3Amt
Total$4,275TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GRUNDY COUNTY SPECIAL EDUCATION CO-
725 SCHOOL STMORRISIL60451YOUTH SPORTS$6,000
ILLINOIS CORNSTARS WRESTLING
307 E SCOTT STSENECAIL61360YOUTH SPORTS$5,000
ILLINOIS IRISH SOFTBALL
201 WILLIAM STREETSENECAIL61360YOUTH SPORTS$3,291
MATT REPP OUTING
PO BOXSENECAIL61360YOUTH SPORTS$1,000
MINOOKA BASEBALL & SOFTBALL ASSOC
307 MASSASOITMINOOKAIL60447YOUTH SPORTS$2,750
MORRIS COMMUNITY YMCA
320 WAUPONSEE STMORRISIL60450YOUTH SPORTS$35,000
MVK PARENTS CLUB
1013 NORTH STREETMAZONIL60444YOUTH SPORTS$5,000
MVK SOFTBALL
PO BOX 293MAZONIL60444YOUTH SPORTS$6,548
SENECA PARK DISTRICT
W PAWNEE LNCHANNAHONIL60410YOUTH SPORTS$7,500
SHS ATHLETIC BOOSTER CLUB
515 LIONS ROADSANDWICHIL60548YOUTH SPORTS$1,000
MORRIS SOCCER ASSOCIATION
PO BOX 488MORRISIL60450YOUTH SPORTS$15,242
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$88,331TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescGOLF OUTINGDesc
Related Or Exempt Function Incm$124,984RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
SOCCER TOURNAMENT
TRAILOR SPONSOSHIP$1,000

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$125,984RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$125,984TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
1AGOLF OUTING TO RAISE MONEY FOR YOUTH OR AMATEUR
1ASPORTING ORGANIZATIONS.

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$956Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
GOLF OUTING
ADVERTISING$6,429$6,429
COST OF GOODS SOLD$46,313$46,313
EXPENSES
SUPPLIES
INSURANCE$1,059
OFFICE EXPENSES$1,836
BANK FEES$38
DUES & SUBSCRIPTIONS
AUTO EXPENSE$1,897
QUEEN OF HEARTS$1,783

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
GOLF OUTING$124,984$124,984
TRAILOR SPONSOSHIP$1,000$1,000

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$15Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryPLATESCategoryTxt
Amt$11Amt

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