BETA

JAKE OWEN FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
JAKE OWEN FOUNDATION (EIN 27-3637791)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201743199349102179
Schema version
2016v3.0
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)
Return2017-11-15T11:48:36-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621413018PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1USELTON CLAY & BRIGHT PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1209 10TH AVENUE SOUTH SUITE 414AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37203ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273637791EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAKE OWEN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAKEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11033 16TH AVENUE SOUTHAddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37212ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJACKIE WARRICKPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6159884660PhoneNum
Signature2017-11-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE KEITH USELTON CPAPreparerPersonNm
PTINP00607901PTIN
Phone6153229900PhoneNum
Preparation2017-11-15PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id977CFCB9C685DC8DED6EB91A22541EBE6B77B20CAtSubmissionCreationDeviceId
At Submission Filing Device IdCAC86B4239F5304BCB14C917C0DEF65AAC782849AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$279,488FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$212,152ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$55InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$55InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$55InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$80,652OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$80,652OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$292,859TotalRevAndExpnssAmt
Total Net Invst Incm$55TotalNetInvstIncmAmt
Total Adj Net Incm$80,707TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$625AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$46,903OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$60OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$46,865OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$47,528TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$60TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$46,865TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$182,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$182,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$229,528TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$60TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$46,865TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$182,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$63,331ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$33,842AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$212,637CashBOYAmt
Cash EOY$196,374CashEOYAmt
Cash EOYFMV$196,374CashEOYFMVAmt
Pledges Rcvbl$83,114PledgesRcvblAmt
Pledges Rcvbl BOY$47,344PledgesRcvblBOYAmt
Pledges Rcvbl EOY$83,114PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$83,114PledgesRcvblEOYFMVAmt
Total Assets BOY$259,981TotalAssetsBOYAmt
Total Assets EOY$279,488TotalAssetsEOYAmt
Total Assets EOYFMV$279,488TotalAssetsEOYFMVAmt
Accounts Payable BOY$40,824AccountsPayableBOYAmt
Deferred Revenue BOY$170,000DeferredRevenueBOYAmt
Deferred Revenue EOY$167,000DeferredRevenueEOYAmt
Total Liabilities BOY$210,824TotalLiabilitiesBOYAmt
Total Liabilities EOY$167,000TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$49,157UnrestrictedBOYAmt
Unrestricted EOY$112,488UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$49,157TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$112,488TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$259,981TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$279,488TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$49,157TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$63,331ExcessRevenueOverExpensesAmt
Subtotal$112,488SubtotalAmt
Tot Net Ast Or Fund Balances EOY$112,488TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$195,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$24,089NetVlNoncharitableAssetsYr1Amt
Distribution Yr18.094981DistributionYr1Rt
Adjusted Qlfy Distri Yr2$175,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$8,755NetVlNoncharitableAssetsYr2Amt
Distribution Yr219.988578DistributionYr2Rt
Adjusted Qlfy Distri Yr3$131,500AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$17,075NetVlNoncharitableAssetsYr3Amt
Distribution Yr37.701318DistributionYr3Rt
Adjusted Qlfy Distri Yr4$131,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$60,017NetVlNoncharitableAssetsYr4Amt
Distribution Yr42.191046DistributionYr4Rt
Net Vl Noncharitable Assets Yr5$11,525NetVlNoncharitableAssetsYr5Amt
Total Distribution37.975923TotalDistributionRt
Average Distribution9.493981AverageDistributionRt
Net Vl Noncharitable Assets$33,573NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$318,741AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$318,741AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$182,000QualifyingDistributionsAmt

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 AddressN/AWebsiteAddressTxt
Individual With BooksPLATINUM BUSINESS MGMT CONSULTINGIndividualWithBooksNm
Phone6159884660PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11033 16TH AVE SOUTHAddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37212ZIPCd
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

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
JOSHUA OWEN
1033 16TH AVENUE SOUTHNASHVILLETN37212EXECUTIVE DI1.00$0$0$0
STEVE OWEN
1033 16TH AVENUE SOUTHNASHVILLETN37212SECRETARY1.00$0$0$0
JACKIE WARRICK
1033 16TH AVENUE SOUTHNASHVILLETN37212TREASURER1.00$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)
Description1JAKE OWEN MUSIC BENEFIT FESTIVAL, VERO BEACH COUNTRY CLUB, 800 30TH STREET, VERO BEACH, FL 32960Description1Txt
Expenses1$46,865Expenses1Amt

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$34,084AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$34,084TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$34,084AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$511CashDeemedCharitableAmt
Net Vl Noncharitable Assets$33,573NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,679MinimumInvestmentReturnAmt

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$182,000ExpensesAndContributionsAmt
Qualifying Distributions$182,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$182,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$182,000QualifyingDistributionsAmt
Remaining Distri From Corpus$182,000RemainingDistriFromCorpusAmt
Total Corpus$182,000TotalCorpusAmt

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$1,679CurrentYearAmt
Year1$1,204Year1Amt
Year2$438Year2Amt
Total$3,321TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$1,427CurrentYearAmt
Year1$1,023Year1Amt
Year2$372Year2Amt
Total$2,822TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$182,000CurrentYearAmt
Year1$195,000Year1Amt
Year2$175,000Year2Amt
Year3$131,500Year3Amt
Total$683,500TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$182,000CurrentYearAmt
Year1$195,000Year1Amt
Year2$175,000Year2Amt
Year3$131,500Year3Amt
Total$683,500TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$1,119CurrentYearAmt
Year1$803Year1Amt
Year2$292Year2Amt
Year3$569Year3Amt
Total$2,783TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
ST JUDE CHILDREN'S HOSPITAL
5201 BLUE LAGOON DRIVEMIAMIFL33126ASSISTANCE TO INDIGENT FAMILIES$30,000
MARDY FISH FOUNDATION
160 W CAMINO REALBOCA RATONFL33432ASSISTANCE TO INDIGENT FAMILIES$20,000STE 231
HIBISCUS CHILDREN'S CENTER INC
PO BOX 305JENSEN BEACHFL34958ASSISTANCE TO INDIGENT FAMILIES$25,000
BOYS & GIRLS CLUB OF INDIAN RIVER C
PO BOX 3068VERO BEACHFL32964ASSISTANCE TO INDIGENT FAMILIES$25,000
YOUTH GUIDANCE DONATION FUND
1028 20TH PLACEVERO BEACHFL32960ASSISTANCE TO INDIGENT FAMILIES$15,000
SCHOLARSHIP FOUNDATION-INDIAN RIVER
PO BOX 1820VERO BEACHFL32961ASSISTANCE TO INDIGENT FAMILIES$15,000
EDUCATIONAL FOUNDATION-INDIAN RIVER
PO BOX 7046VERO BEACHFL32961ASSISTANCE TO INDIGENT FAMILIES$15,000
INDIAN RIVER GOLF FOUNDATION
4595 22ND LANEVERO BEACHFL32966ASSISTANCE TO INDIGENT FAMILIES$12,000
THE LEARNING ALLIANCE
PO BOX 643446VERO BEACHFL32964ASSISTANCE TO INDIGENT FAMILIES$10,000
RIVERSIDE THEATRE
3250 RIVERSIDE PARK DRVERO BEACHFL32963ASSISTANCE TO INDIGENT FAMILIES$8,000
LIVE LIKE COLE FOUNDATION
601 21ST STREET 3RD FLOORVERO BEACHFL32960ASSISTANCE TO INDIGENT FAMILIES$5,000
GRAPEFRUIT PRO-AM
800 30TH STREETVERO BEACHFL32960ASSISTANCE TO INDIGENT FAMILIES$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$182,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$55ExclusionAmt

Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$33,787RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$55ExclusionAmt
Related Or Exempt Function Incm$33,787RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$33,842TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$625Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmtNet Investment IncomeNetInvestmentIncomeAmt
TICKET SALES
COST OF GOODS SOLD$46,865$46,865
EXPENSES
LICENSES/ PERMITS$21
POSTAGE$17
BANK CHARGES$60

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTICKET SALESDesc
Revenue And Expenses Per Books$80,652RevenueAndExpensesPerBooksAmt
Adjusted Net Income$80,652AdjustedNetIncomeAmt

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