BETA

JASON CLEARWATER FUND NFP: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
JASON CLEARWATER FUND NFP (EIN 47-1348792)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-23
IRS object ID
202121749349101602
Schema version
2020v4.0
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)
Return2021-06-23T14:46:52-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-06-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNATEPersonFirstNm
Person LastOLSONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRYAN BRUNSPreparerPersonNm
PTINP01262459PTIN
Phone8154855656PhoneNum
Preparation2021-06-23PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Other Income Rev And Expnss$78,773OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$78,773OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$78,773TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$78,773TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$30,081OtherExpensesRevAndExpnssAmt
Other Expenses Adj Net Incm$27,924OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$30,706TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$27,924TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$46,590ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$46,590ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$77,296TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$27,924TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$46,590TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,477ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$50,849AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$67,853CashBOYAmt
Cash EOY$67,490CashEOYAmt
Total Assets BOY$67,853TotalAssetsBOYAmt
Total Assets EOY$67,490TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,840OtherLiabilitiesBOYAmt
Total Liabilities BOY$1,840TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$66,013RetainedEarningBOYAmt
Retained Earning EOY$67,490RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$66,013TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$67,490TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$67,853TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$67,490TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$66,013TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,477ExcessRevenueOverExpensesAmt
Subtotal$67,490SubtotalAmt
Tot Net Ast Or Fund Balances EOY$67,490TotNetAstOrFundBalancesEOYAmt

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$27,812Expenses1Amt

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$66,752AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$66,752TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$66,752AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,001CashDeemedCharitableAmt
Net Vl Noncharitable Assets$65,751NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,288MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

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

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,590ExpensesAndContributionsAmt
Qualifying Distributions$46,590QualifyingDistributionsAmt
Adjusted Qualifying Distri$46,590AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$46,590QualifyingDistributionsAmt
Remaining Distri From Corpus$46,590RemainingDistriFromCorpusAmt
Total Corpus$46,590TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2017-02-08PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$3,288CurrentYearAmt
Total$3,288TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$2,795CurrentYearAmt
Total$2,795TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$46,590CurrentYearAmt
Total$46,590TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$46,590CurrentYearAmt
Total$46,590TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$2,192CurrentYearAmt
Total$2,192TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ILLINOIS VALLEY PREDATORS BASEBALL
PARK ROADPERUIL61354FUND YOUTH SPORTS$1,000
GSW CRUSH SOFTBALL
10 5TH AVECOAL CITYIL60416YOUTH SPORTS$500
MINOOKA PARK DISTRICT
24856 W EAMES STMINOOKAIL60447YOUTH SPORTS$1,070
MINOOKA BASEBALL & SOFTBALL ASSOC
307 MASSASOITMINOOKAIL60447YOUTH SPORTS$19,307
MORRIS COMMUNITY YMCA
320 WAUPONSEE STMORRISIL60450YOUTH SPORTS$5,000
MSA
307 MASSASOITMINOOKAIL60447YOUTH SPORTS$6,000
SENECA PARK DISTRICT
24856 W EAMES STCHANNAHONIL60410YOUTH SPORTS$2,000
STREATOR YOUTH BASEBALL
619 POWELL STSTREATORIL61364YOUTH SPORTS$5,243
TROY TITAN BASEBALL
S RIVER RDSHOREWOODIL60404YOUTH SPORTS$5,420
WIERS BASEBALL ACADEMY
824 LIBERTY STMORRISIL60450YOUTH SPORTS$1,050
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$46,590TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Rev Part VII ProgramServiceRevPartVIIGrp

FieldValueIRS element (for citing)
DescGOLF OUTINGDesc
Related Or Exempt Function Incm$75,569RelatedOrExemptFunctionIncmAmt

Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,008RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescSOCCER TOURNAMENTDesc
Related Or Exempt Function Incm$84RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$78,661RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$78,661TotalIncomeProducingActyAmt

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$600Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
GOLF OUTING
ADVERTISING$1,527$1,527
COST OF GOODS SOLD$26,285$26,285
COOPERSTOWN TICKETS SALES
COST OF GOODS SOLD$112$112
EXPENSES
BANK FEES$10
INSURANCE$1,538
OFFICE EXPENSES$609

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
GOLF OUTING$75,569$75,569
COOPERSTOWN TICKETS SALES$3,120$3,120
SOCCER TOURNAMENT$84$84

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDEPOSITDesc
BOY Book Value$1,840BOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$25Amt

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