Jacket Backers Inc
Nonprofit profile at a glance
- EIN
- 411772678
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Location
- Cambridge, MN, USA
- Phone
- 7636891102
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Football
Reported finances
- Revenue
- $74,556
- Expenses
- $78,753
- Assets
- $56,936
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JOE SIMONS JR (PRESIDENT)
People named in this filing
- JOE SIMONS JR (PRESIDENT)
- ERICK HARCEY (VICE PRESIDE)
- TRISHA CURTIS (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support and promote the cambridge-isanti area football program.
What it reported doing in 2024
The organization promotes football in the community for 9th-12th graders by doing a number of things suchs as: hosting numerous benefits to support the football players in the communities of cambridge and isanti. The organization provides new uniforms and equipment for the teams. In 2022, the organization purchased helmets for the football prgoram. The organization also funded 3 coaches to assist in teaching fundamentals of the game to players to increase safety and knowledge, and to decrease injuries. The organization provided monetary assistance for the youth passing league where 250+ student-athletes atended in 2022.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.2%; rating input score 97
- Program expense ratio: 92%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.6%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 9.8% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 97.2% of revenue deployed · 92% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 36/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.