Nonprofit · EIN 81-2280198
JET AWARD FOUNDATION & TRUST INC
Tax-exempt · LINCOLN, NE 68516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $671,347 | $611,248 | $60,099 | $1,149,298 | $37,725 | $1,111,573 |
| December 31, 2024 | 990 | $280,216 | $364,888 | -$84,672 | $1,279,494 | $118,792 | $1,160,702 |
| December 31, 2023 | 990 | $497,745 | $446,007 | $51,738 | $67,431 | $0 | $67,431 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $616,607
- of which government grants
- $396,360
- Program service revenue
- $0
- Investment income
- $40,312
- Net income from fundraising events
- $14,428
- Other revenue
- $14,428
Expenses
- Grants and similar amounts paid
- $365,942
- Other salaries and wages
- $135,158
- Salaries, compensation and benefits (total)
- $158,298
- Professional fundraising fees
- $10,546
- Accounting fees
- $28,801
- Occupancy
- $31
- Program services (functional)
- $365,942
- Management and general (functional)
- $234,760
- Fundraising (functional)
- $10,546
Balance sheet and other
- Total assets, start of year
- $1,279,494
- Total assets, end of year
- $1,149,298
- Total liabilities, end of year
- $37,725
- Net assets, end of year
- $1,111,573
- Net assets without donor restrictions
- $26,835
- Net assets with donor restrictions
- $1,084,738
- Gross receipts
- $893,679
- Employees
- 1
- Volunteers
- 10
- Year formed
- 2016
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL C SEVERE | EXECUTIVE DI Trustee or director | 40 | $135,158 | $12,800 |
| JOHNNY RODGERS | BOARD MEMBER Trustee or director | 15 | $26,000 | $0 |
| PATRICK Z ALSTON | VICE PRESIDE Trustee or director, Officer | 5 | $0 | $0 |
| MIKE ALVANO | BOARD MEMBER Trustee or director | – | $0 | $0 |
| DENNY DRAKE | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| MARGARET EVANS | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JONI FLYNN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| WILLIAM REED | EX OFFICIO Trustee or director | – | $0 | $0 |
| JIM SIEMONSMA | BOARD MEMBER Trustee or director | – | $0 | $0 |
| FREDRICK STEHLIK | BOARD MEMBER Trustee or director | – | $0 | $0 |
| LT COLONEL THOMAS TRAYLOR | BOARD MEMBER Trustee or director | – | $0 | $0 |
| ROB TREBILCOCK | BOARD MEMBER Trustee or director | – | $0 | $0 |
| KURT WAGNER | BOARD MEMBER Trustee or director | – | $0 | $0 |
| VINCE LEISEY | PRESIDENT Officer | 5 | $0 | $0 |
| RUTH MCCULLY | SECRETARY Officer | 5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DICK ZACHARIA | TREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL C SEVERE | EXECUTIVE DI Trustee or director | 40 | $134,064 | $12,450 |
| JOHNNY RODGERS | BOARD MEMBER Trustee or director | 15 | $24,000 | $0 |
| WILLIAM REED | BOARD MEMBER Trustee or director | – | $2,500 | $0 |
| PATRICK Z ALSTON | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| DENNY DRAKE | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| JONI FLYNN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JIM SIEMONSMA | BOARD MEMBER Trustee or director | – | $0 | $0 |
| FREDRICK STEHLIK | BOARD MEMBER Trustee or director | – | $0 | $0 |
| LT COLONEL THOMAS TRAYLOR | BOARD MEMBER Trustee or director | – | $0 | $0 |
| ROB TREBILCOCK | BOARD MEMBER Trustee or director | – | $0 | $0 |
| KURT WAGNER | BOARD MEMBER Trustee or director | – | $0 | $0 |
| VINCE LEISEY | PRESIDENT Officer | 5 | $0 | $0 |
| RUTH MCCULLY | SECRETARY Officer | 5 | $0 | $0 |
| DICK ZACHARIA | TREASURER Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL C SEVERE | EXECUTIVE DI Trustee or director | 40 | $72,917 | $9,797 |
| JOHNNY RODGERS | BOARD MEMBER Trustee or director | 15 | $12,000 | $0 |
| PATRICK Z ALSTON | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| DENNY DRAKE | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| JONI FLYNN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| DAVID NESSELROAD | BOARD MEMBER Trustee or director | – | $0 | $0 |
| WILLIAM REED | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JIM SIEMONSMA | BOARD MEMBER Trustee or director | – | $0 | $0 |
| LT COLONEL THOMAS TRAYLOR | BOARD MEMBER Trustee or director | – | $0 | $0 |
| ROB TREBILCOCK | BOARD MEMBER Trustee or director | – | $0 | $0 |
| KURT WAGNER | BOARD MEMBER Trustee or director | – | $0 | $0 |
| VINCE LEISEY | PRESIDENT Officer | 5 | $0 | $0 |
| RUTH MCCULLY | SECRETARY Officer | 5 | $0 | $0 |
| DICK ZACHARIA | TREASURER Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5831 S 58TH ST STE D, LINCOLN, NE 68516-3649
- Mailing address (990-N for 2018)
- 11711 Arbor St SUITE 240, Omaha NE 68144
- Principal officer (990 for 2025)
- VINCE LEISEY, 331 VILLAGE POINTE PLAZA, OMAHA, NE 68118
- Principal officer (990-N for 2018)
- Clifton Hull, PO Box 30533, Lincoln NE 68503
- Signed the 990
- VINCE LEISEY, PRESIDENT
- Phone
- (402) 423-9500
- Website
- WWW.THEJETAWARD.COM
- Return prepared by
- FLORELL & BARNHARD PC
Mission
THE FOUNDATION'S PRIMARY MISSION IS TO HELP END GENERATIONAL POVERTY BY RAISING MONEY FOR THE JOHNNY RODGERS CAREER AND TECHNICAL SCHOLARSHIPS. PROVIDING SUPPORT TO STUDENTS WITH FINANCIAL NEED IN THE WAY OF A TWO YEAR SCHOLARSHIP, ENABLING THEM TO PURSUE DEGREES IN CAREER AND TECHNICAL EDUCATION PROGRAMS AT METROPOLITAN COMMUNITY COLLEGE (MCC) IN OMAHA. THE JET AWARD FOUNDATION AND TRUST ALSO ANNUALLY CELEBRATES THE ELITE KICK-OFF AND PUNT RETURNER IN COLLEGE FOOTBALL. DESPITE THE RECOGNITION GIVEN TO VARIOUS POSITIONS IN COLLEGE FOOTBALL THROUGH POSTSEASON AWARDS, THE RETURN SPECIALIST HAS BEEN OVERLOOKED UNTIL THE ESTABLISHMENT OF THE JET AWARD. THE FOUNDATION AIMS TO HONOR AND ACKNOWLEDGE THE BEST RETURN SPECIALIST IN COLLEGE FOOTBALL EACH YEAR.
Program accomplishments
- THE JET AWARD FOUNDATION & TRUST'S PRIMARY MISSION AND ACCOMPLISHMENT IS TO SUPPORT STUDENTS WITH FINANCIAL NEED IN THE WAY OF A TWO YEAR SCHOLARSHIP, ENABLING THEM TO PURSUE DEGREES IN CAREER AND TECHNICAL EDUCATION PROGRAMS. ACADEMIC YEAR 7.1.25 - 6.30.26 RESULTED IN THE FOUNDATION PROVIDING SCHOLARSHIPS TO 135 STUDENTS AT METROPOLITAN COMMUNITY COLLEGE.Expenses $365,942 · grants $365,942
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 | 990 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
- 81-2280198
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,149,298
- Income (IRS master file)
- $893,679
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $671,347 | $611,248 | $1,149,298 | XML |
| 990 | December 2024 | $280,216 | $364,888 | $1,279,494 | XML |
| 990 | December 2023 | $497,745 | $446,007 | $67,431 | XML |
| 990 | December 2022 | $204,635 | $216,360 | $15,693 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Clifton Hull | December 31, 2018 | ≤ $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 81-2280198).
Questions about JET AWARD FOUNDATION & TRUST INC
- What is the EIN of JET AWARD FOUNDATION & TRUST INC?
- The employer identification number (EIN) of JET AWARD FOUNDATION & TRUST INC is 81-2280198.
- Is JET AWARD FOUNDATION & TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to JET AWARD FOUNDATION & TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JET AWARD FOUNDATION & TRUST INC 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 JET AWARD FOUNDATION & TRUST INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JET AWARD FOUNDATION & TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of JET AWARD FOUNDATION & TRUST INC?
- The 990 for the year ended December 31, 2025 names VINCE LEISEY.
- Who are the officers and directors of JET AWARD FOUNDATION & TRUST INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $135,158 (MICHAEL C SEVERE, EXECUTIVE DI).
- How much revenue does JET AWARD FOUNDATION & TRUST INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $671,347, expenses of $611,248 and total assets of $1,149,298 at year end.
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