Nonprofit · EIN 26-4503142
JACOBS WELL
Tax-exempt · LINCOLN, NE 68508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $155,773 | $206,399 | -$50,626 | $14,214 | $7,000 | $7,214 |
| December 31, 2023 | 990 | $100,141 | $120,198 | -$20,057 | $57,840 | $0 | $57,840 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $155,665
- Program service revenue
- $0
- Investment income
- $108
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $44,100
- Other salaries and wages
- $14,400
- Salaries, compensation and benefits (total)
- $62,976
- Professional fundraising fees
- $0
- Accounting fees
- $3,585
- Occupancy
- $4,225
- Program services (functional)
- $160,239
- Management and general (functional)
- $45,882
- Fundraising (functional)
- $278
Balance sheet and other
- Total assets, start of year
- $57,840
- Total assets, end of year
- $14,214
- Total liabilities, end of year
- $7,000
- Net assets, end of year
- $7,214
- Net assets without donor restrictions
- $7,214
- Gross receipts
- $155,773
- Employees
- 3
- Volunteers
- 90
- Year formed
- 2009
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK THORNTON | EXECUTIVE DI Trustee or director, Officer | 40 | $44,100 |
| WILLIAM H THORNTON | CHAIRMAN, DI Trustee or director, Officer | 20 | $0 |
| ERIK HJERMSTAD | OFFICER Officer | 1 | $0 |
| STU KERNS | SECRETARY Officer | 1 | $0 |
| SARAH PETERS | OFFICER Officer | 1 | $0 |
| JENNIFER WOOCKMAN | OFFICER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK THORNTON | EXECUTIVE DI Trustee or director, Officer | 40 | $44,928 |
| WILLIAM H THORNTON | CHAIRMAN, DI Trustee or director, Officer | 20 | $0 |
| ERIK HJERMSTAD | OFFICER Officer | 1 | $0 |
| STU KERNS | SECRETARY Officer | 1 | $0 |
| SARAH PETERS | OFFICER Officer | 1 | $0 |
| JENNIFER WOOCKMAN | OFFICER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 659 S 18TH ST, LINCOLN, NE 68508-2635
- Mailing address (990-N for 2010)
- PO Box 82852, Lincoln NE 68501
- Principal officer (990 for 2024)
- MARK THORNTON, 659 S 18TH STREET, LINCOLN, NE 68508
- Principal officer (990-N for 2010)
- Mark Thornton, 659 S 18th St, Lincoln NE 68508
- Signed the 990
- MARK THORNTON, EXECUTIVE DIRECTOR
- Phone
- (402) 413-8508
- Website
- www.jacobswell-lincoln.com
- Return prepared by
- RG & ASSOCIATES
Mission
JACOB'S WELL IS DEVOTED TO WORKING WITH INDIVIDUALS, CHURCHES, AND COMMUNITY ORGANIZATIONS IN AN EFFORT TO CONNECT PEOPLE IN NEED WITH RESOURCES AND SKILLS WHICH WILL IMPROVE THEIR QUALITY OF LIFE, BOTH PHYSICALLY AND SPIRITUALLY.
Program accomplishments
- HAITI PROGRAM - MISSION TRIPS TO HAITI TO SERVE LOW INCOME PEOPLE, INCLUDING BUILDING A SCHOOL. THE VISION OF JACOB'S WELL IN HAITI IS LED BY GOD AND PUT IN MOTION BY INDIGENOUS LEADERSHIP. THE ORGANIZATION IS SENSITIVE TO HIS GUIDANCE, USING THE PRINCIPLES OF EDUCATION AND COMMUNITY DEVELOPMENT. JACOB'S WELL ALSO ASSISTS IN PROVIDING FOOD SECURITY AND A FEEDING PROGRAM FOR KIDS IN THE COMMUNITY.Expenses $44,912
- NEIGHBORHOOD OUTREACH - THIS PROGRAM HELPS GET RESOURCES TO PEOPLE WHO NEED THEM IN THE IMMEDIATE AREA. THESE RESOURCES ADDRESS PHYSICAL, RELATIONAL, AND SPIRITUAL NEEDS WITH THE GOAL TO IMPROVE QUALITY OF LIFE USING A HOLISTIC APPROACH.Expenses $115,327
- MISCELLANEOUS PROGRAM EXPENSES FOR COMMUNITY GATHERINGS AND OUTREACH
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-4503142
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $14,214
- Income (IRS master file)
- $155,773
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $155,773 | $206,399 | $14,214 | XML |
| 990 | December 2023 | $100,141 | $120,198 | $57,840 | XML |
| 990 | December 2022 | $160,130 | $138,576 | $77,897 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2010 Officer: Mark Thornton | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-4503142).
Questions about JACOBS WELL
- What is the EIN of JACOBS WELL?
- The employer identification number (EIN) of JACOBS WELL is 26-4503142.
- Is JACOBS WELL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to JACOBS WELL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JACOBS WELL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JACOBS WELL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JACOBS WELL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of JACOBS WELL?
- The 990 for the year ended December 31, 2024 names MARK THORNTON.
- Who are the officers and directors of JACOBS WELL?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $44,100 (MARK THORNTON, EXECUTIVE DI).
- How much revenue does JACOBS WELL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $155,773, expenses of $206,399 and total assets of $14,214 at year end.
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