BETA

JAKE OWEN FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
JAKE OWEN FOUNDATION (EIN 27-3637791)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-09-12
IRS object ID
201622569349100412
Schema version
2015v2.1
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)
Return2016-09-12T13:16:58-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 216AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37203ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

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
Phone6153229900PhoneNum
Signature2016-09-09SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonE KEITH USELTON CPAPreparerPersonNm
PTINP00607901PTIN
Phone6153229900PhoneNum
Preparation2016-09-12PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$259,981FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$58,446ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$27InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$27InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$27InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$152,947OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$152,947OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$211,420TotalRevAndExpnssAmt
Total Net Invst Incm$27TotalNetInvstIncmAmt
Total Adj Net Incm$152,974TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$25,719OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$60OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$24,529OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$26,319TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$60TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$24,529TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$195,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$195,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$221,319TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$60TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$24,529TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$195,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,899ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$128,445AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$80,834CashBOYAmt
Cash EOY$212,637CashEOYAmt
Cash EOYFMV$212,637CashEOYFMVAmt
Pledges Rcvbl$47,344PledgesRcvblAmt
Pledges Rcvbl EOY$47,344PledgesRcvblEOYAmt
Pledges Rcvbl EOYFMV$47,344PledgesRcvblEOYFMVAmt
Total Assets BOY$80,834TotalAssetsBOYAmt
Total Assets EOY$259,981TotalAssetsEOYAmt
Total Assets EOYFMV$259,981TotalAssetsEOYFMVAmt
Accounts Payable BOY$21,778AccountsPayableBOYAmt
Accounts Payable EOY$40,824AccountsPayableEOYAmt
Deferred Revenue EOY$170,000DeferredRevenueEOYAmt
Total Liabilities BOY$21,778TotalLiabilitiesBOYAmt
Total Liabilities EOY$210,824TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$59,056UnrestrictedBOYAmt
Unrestricted EOY$49,157UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$59,056TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$49,157TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$80,834TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$259,981TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$59,056TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,899ExcessRevenueOverExpensesAmt
Subtotal$49,157SubtotalAmt
Tot Net Ast Or Fund Balances EOY$49,157TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$175,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$8,755NetVlNoncharitableAssetsYr1Amt
Distribution Yr119.988578DistributionYr1Rt
Adjusted Qlfy Distri Yr2$131,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$17,075NetVlNoncharitableAssetsYr2Amt
Distribution Yr27.701318DistributionYr2Rt
Net Vl Noncharitable Assets Yr4$11,525NetVlNoncharitableAssetsYr4Amt
Total Distribution27.689896TotalDistributionRt
Average Distribution13.844948AverageDistributionRt
Net Vl Noncharitable Assets$24,089NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$333,511AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$333,511AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$195,000QualifyingDistributionsAmt

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 DI0.00$0$0$0
STEVE OWEN
1033 16TH AVENUE SOUTHNASHVILLETN37212SECRETARY0.00$0$0$0
JACKIE WARRICK
1033 16TH AVENUE SOUTHNASHVILLETN37212TREASURER0.00$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, HOLMAN STADIUM, VERO BEACH, FL 32960Description1Txt
Expenses1$24,469Expenses1Amt

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$24,456AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$24,456TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$24,456AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$367CashDeemedCharitableAmt
Net Vl Noncharitable Assets$24,089NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,204MinimumInvestmentReturnAmt

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$195,000ExpensesAndContributionsAmt
Qualifying Distributions$195,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$195,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$195,000QualifyingDistributionsAmt
Remaining Distri From Corpus$195,000RemainingDistriFromCorpusAmt
Total Corpus$195,000TotalCorpusAmt

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$1,204CurrentYearAmt
Year1$438Year1Amt
Total$1,642TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$1,023CurrentYearAmt
Year1$372Year1Amt
Total$1,395TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$195,000CurrentYearAmt
Year1$175,000Year1Amt
Year2$131,500Year2Amt
Total$501,500TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$195,000CurrentYearAmt
Year1$175,000Year1Amt
Year2$131,500Year2Amt
Total$501,500TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$803CurrentYearAmt
Year1$292Year1Amt
Year2$569Year2Amt
Total$1,664TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 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$35,000
MARDY FISH FOUNDATION
160 W CAMINO REALBOCA RATONFL33432ASSITANCE TO INDIGENT FAMILIES$25,000STE 231
HIBISCUS CHILDREN'S CENTER INC
PO BOX 305JENSEN BEACHFL34958ASSITANCE TO INDIGENT FAMILIES$25,000
BOYS & GIRLS CLUB OF INDIAN RIVER C
PO BOX 3068VERO BEACHFL32964ASSISTANCE TO INDIGENT FAMILIES$30,000
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$10,000
FLORIDA INSTITUTE OF TECHNOLOGY
150 WEST UNIVERSITY BLVDMELBOURNEFL32901ASSISTANCE TO INDIGENT FAMILIES$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$195,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27ExclusionAmt

Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$128,478RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$27ExclusionAmt
Related Or Exempt Function Incm$128,478RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$128,505TotalIncomeProducingActyAmt

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$600Amt

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$24,469$24,469
EXPENSES
BANK FEES$60$60$60
LICENSES/ PERMITS$20
STORAGE$1,170

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescTICKET SALESDesc
Revenue And Expenses Per Books$152,947RevenueAndExpensesPerBooksAmt
Adjusted Net Income$152,947AdjustedNetIncomeAmt

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