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JASON CLEARWATER FUND NFP: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
JASON CLEARWATER FUND NFP (EIN 47-1348792)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-08
IRS object ID
202331289349102713
Schema version
2022v5.0
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)
Return2023-05-08T14:06:36-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-05-02SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNATEPersonFirstNm
Person LastOLSONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRYAN BRUNSPreparerPersonNm
PTINP01262459PTIN
Phone8154855656PhoneNum
Preparation2023-05-02PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

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$305ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Other Income Rev And Expnss$132,881OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$132,881OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$133,186TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$132,881TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$715AccountingFeesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$48TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$48,880OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$41,217OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$49,643TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$41,217TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$38,182ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$38,182ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$87,825TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$41,217TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$38,182TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$45,361ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$91,664AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$40,263CashBOYAmt
Cash EOY$85,624CashEOYAmt
Total Assets BOY$40,263TotalAssetsBOYAmt
Total Assets EOY$85,624TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$40,263RetainedEarningBOYAmt
Retained Earning EOY$85,624RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$40,263TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$85,624TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$40,263TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$85,624TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$40,263TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$45,361ExcessRevenueOverExpensesAmt
Subtotal$85,624SubtotalAmt
Tot Net Ast Or Fund Balances EOY$85,624TotNetAstOrFundBalancesEOYAmt

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$35,726Expenses1Amt

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$38,182ExpensesAndContributionsAmt
Qualifying Distributions$38,182QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$38,182QualifyingDistributionsAmt
Remaining Distri From Corpus$38,182RemainingDistriFromCorpusAmt
Total Corpus$38,182TotalCorpusAmt

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$2,653Year1Amt
Year2$3,288Year2Amt
Total$5,941TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year1$2,255Year1Amt
Year2$2,795Year2Amt
Total$5,050TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$38,182CurrentYearAmt
Year1$62,863Year1Amt
Year2$46,590Year2Amt
Total$147,635TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$38,182CurrentYearAmt
Year1$62,863Year1Amt
Year2$46,590Year2Amt
Total$147,635TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Year1$1,769Year1Amt
Year2$2,192Year2Amt
Total$3,961TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MINOOKA BASEBALL & SOFTBALL ASSOC
307 MASSASOITMINOOKAIL60447YOUTH SPORTS$2,198
MORRIS COMMUNITY YMCA
320 WAUPONSEE STMORRISIL60450YOUTH SPORTS$5,000
CITY OF MORRIS ICE RINK
700 N DIVISION STMORRISIL60450PROMOTE YOUTH SPORTS$5,000
MORRIS ATHLETIC ASSOCIATION
PO BOX 723MORRISIL60451YOUTH SPORTS$13,500
MORRIS TOMAHAWKS
705 SOUTHMOR RDMORRISIL60450YOUTH SPORTS$600
SHS ATHLETIC BOOSTER CLUB
515 LIONS ROADSANDWICHIL60548YOUTH SPORTS$300
JOLIET CATHOLIC CHEER
1200 N LARKIN AVEJOLIETIL60435YOUTH SPORTS$1,000
COAL CITY ATHLETIC ASSOCIATION
655 WEST DIVISION STREETCOAL CITYIL60416YOUTH SPORTS$1,225
MINOOKA RIVERCATS
PO BOX 991MINOOKAIL60447YOUTH SPORTS$470
MVK PARENTS CLUB
1013 NORTH STREETMAZONIL60444YOUTH SPORTS$500
RANSOM ATHLETIC ASSOCIATION
400 S LANE STREETRANSOMIL60470YOUTH SPORTS$940
SENECA YOUTH BASEBALL & SOFTBALL
PO BOX 418SENECAIL61360YOUTH SPORTS$65
SPECIAL CONNECTIONS OF GRUNDY CNTY
PO BOX 289MORRISIL60450YOUTH SPORTS$5,000
SPRING VALLEY RED DEVILS
800 W ERIESPRING VALLYIL61362YOUTH SPORTS$2,384
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$38,182TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescGOLF OUTINGDesc
Related Or Exempt Function Incm$131,871RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
SOCCER TOURNAMENT$10
TRAILOR SPONSOSHIP$1,000

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$132,881RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$132,881TotalIncomeProducingActyAmt

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$715Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
GOLF OUTING
ADVERTISING$5,491$5,491
COST OF GOODS SOLD$35,726$35,726
EXPENSES
SUPPLIES$3,600
INSURANCE$1,062
OFFICE EXPENSES$1,247
BANK FEES$582
DUES & SUBSCRIPTIONS$172
MARKETING$1,000

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
GOLF OUTING$131,871$131,871
SOCCER TOURNAMENT$10$10
TRAILOR SPONSOSHIP$1,000$1,000

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