THE JET AWARD FOUNDATION & TRUST

EIN: 812280198 501(c)(3) Education

LINCOLN, NE

Total Revenue
$280,216
Total Expenses
$364,888
Total Assets
$1,279,494
Net Assets
$1,160,702
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NE
Principal Officer
VINCE LEISEY
Phone
4024239500
Tax Period
2024-01-01 to 2024-12-31

THE JET AWARD FOUNDATION & TRUST, founded in 2016, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $365K exceeded revenue, resulting in a 30% operating deficit.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $258,411
Program Service Revenue $0
Investment Income $20,765
Other Revenue $1,040
TOTAL REVENUE $280,216

Expense Breakdown

Grants Paid $83,918
Salaries & Benefits $156,770
Fundraising Expenses $13,581
Program Expenses $83,918
Other Expenses $110,619
TOTAL EXPENSES $364,888

Year-over-Year Comparison

2024 2023 Change
Revenue $280,216 $497,745 -0.4%
Expenses $364,888 $446,007 -0.2%
Net Income $-84,672 $51,738 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
1
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$173,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL C SEVERE EXECUTIVE DI 40.00
Director
$134,064 $12,450 $146,514
JOHNNY RODGERS BOARD MEMBER 15.00
Director
$24,000 $0 $24,000
WILLIAM REED BOARD MEMBER N/A
Director
$2,500 $0 $2,500
PATRICK Z ALSTON CHAIRMAN 5.00
Officer Director
$0 $0 $0
DENNY DRAKE BOARD MEMBER 10.00
Director
$0 $0 $0
JONI FLYNN BOARD MEMBER N/A
Director
$0 $0 $0
JIM SIEMONSMA BOARD MEMBER N/A
Director
$0 $0 $0
FREDRICK STEHLIK BOARD MEMBER N/A
Director
$0 $0 $0
LT COLONEL THOMAS TRAYLOR BOARD MEMBER N/A
Director
$0 $0 $0
ROB TREBILCOCK BOARD MEMBER N/A
Director
$0 $0 $0
KURT WAGNER BOARD MEMBER N/A
Director
$0 $0 $0
VINCE LEISEY PRESIDENT 5.00
Officer
$0 $0 $0
RUTH MCCULLY SECRETARY 5.00
Officer
$0 $0 $0
DICK ZACHARIA TREASURER 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $280,216 $364,888 $1,279,494 $-84,672
2023 $497,745 $446,007 $67,431 $51,738
2022 $204,635 $216,360 $15,693 $-11,725
2021 $249,940 $237,029 $27,418 $12,911
2020 $191,221 $224,146 $14,507 $-32,925
2019 $250,133 $198,920 $47,432 $51,213
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