Nonprofit · EIN 81-5319087
JAKT FOUNDATION INC
Also known as CRAVENW
Tax-exempt · SPOKANE VLY, WA 99206
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $246,124 | $277,755 | -$31,631 | $22,543 | $7,552 | $14,991 |
| December 31, 2021 | 990 | $154,223 | $135,410 | $18,813 | $41,675 | $1,556 | $40,119 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $85,327
- of which government grants
- $47,012
- Program service revenue
- $160,797
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $52,566
- Salaries, compensation and benefits (total)
- $52,566
- Professional fundraising fees
- $0
- Accounting fees
- $506
- Occupancy
- $24,880
- Program services (functional)
- $238,672
- Management and general (functional)
- $39,083
Balance sheet and other
- Total assets, start of year
- $50,044
- Total assets, end of year
- $22,543
- Total liabilities, end of year
- $7,552
- Net assets, end of year
- $14,991
- Gross receipts
- $246,124
- Employees
- 1
- Volunteers
- 1
- Year formed
- 2017
- State of legal domicile
- WA
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM HEGSTED | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JENNIFER HEGSTED | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS W STEBBINS | VICE PRESIDENT/TREASURER Trustee or director, Officer | 2 | $0 |
| ROB HOLMAN | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2021: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM HEGSTED | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JENNIFER HEGSTED | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS W STEBBINS | VICE PRESIDENT/TREASURER Trustee or director, Officer | 2 | $0 |
| KAREN L STEBBINS | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9922 E MONTGOMERY DR STE 14, SPOKANE VLY, WA 99206-4158
- In care of
- % THE LEVY LAW FIRM PLLC
- Principal officer (990 for 2023)
- ADAM HEGSTED, PO BOX 85, NEWMAN LAKE, WA 99025
- Signed the 990
- THOMAS W STEBBINS, TREASURER
- Phone
- (509) 621-0125
- Website
- WWW.JAKTFOUNDATION.ORG
- Return prepared by
- ALDRICH CPAS AND ADVISORS LLP
Mission
BE THE CATALYST TO BUILD COLLABORATIONS FOR THE BETTERMENT OF COMMUNITY.
Program accomplishments
- THE JAKT FOUNDATION HOLDS EDUCATIONAL AND CHARITABLE EVENTS SURROUNDING FOOD, WINE, BEER, AND MUSIC THROUGHOUT THE STATE OF WASHINGTON. THE FOUNDATION WILL ACTIVELY PROMOTE FOOD, SOCIALIZING, AND THE APPRECIATION OF CULTURE WHILE GUESTS ENJOY FINE CUISINE.Expenses $174,924 · revenue $106,325
- THE FARMERS MARKET PROVIDES AN OPPORTUNITY FOR LOCAL VENDORS TO SHOWCASE THEIR NORTHWEST FOOD, SPIRITS, ART, AND MUSIC TO AREA RESIDENTS AND COLLABORATE FOR THE BETTERMENT OF THE COMMUNITY.Expenses $63,748 · revenue $26,748
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5319087
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $22,543
- Income (IRS master file)
- $246,124
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $246,124 | $277,755 | $22,543 | XML |
| 990 | December 2022 | $260,033 | $253,530 | $50,044 | IRS |
| 990 | December 2021 | $154,223 | $135,410 | $41,675 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
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 81-5319087).
Questions about JAKT FOUNDATION INC
- What is the EIN of JAKT FOUNDATION INC?
- The employer identification number (EIN) of JAKT FOUNDATION INC is 81-5319087.
- Is JAKT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to JAKT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JAKT FOUNDATION 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 JAKT FOUNDATION INC 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 JAKT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of JAKT FOUNDATION INC?
- The 990 for the year ended December 31, 2023 names ADAM HEGSTED.
- Who are the officers and directors of JAKT FOUNDATION INC?
- The 990 for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does JAKT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $246,124, expenses of $277,755 and total assets of $22,543 at year end.
Other nonprofits in SPOKANE VLY
- JACLIN C SMITH FOUNDATION EIN 26-3900082 · last filed 990-PF for 2025
- DAHM FAMILY FOUNDATION EIN 83-2723523 · last filed 990-PF for 2025
- MEDICAL ASSISTANCE AND MISSIONAL OUTREACH EIN 81-4222229 · last filed 990-N for 2025
- C V ACTIVITIES FOUNDATION EIN 68-0501151 · last filed 990-N for 2025
- INLAND EMPIRE MUSTANG CLUB EIN 91-1299250 · last filed 990-N for 2024
- DUKE & RUTH FETTE TR EIN 47-6395794
- NUMERICA CREDIT UNION EIN 91-0863377 · last filed 990 for 2024
- MODERN ELECTRIC WATER COMPANY INC EIN 91-0323430 · last filed 990 for 2025
All nonprofits in SPOKANE VLY · Washington · Philanthropy, voluntarism and grantmaking foundations