Jack Reese Foundation Inc
Jack Reese Foundation Inc consistently operates at a deficit with declining assets and minimal financial activity.
EIN: 201246104 · Liberal, KS · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $365 |
| Net Assets | $8K |
| Transparency Score | 30/100 |
Is Jack Reese Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jack Reese Foundation Inc
Jack Reese Foundation Inc (EIN: 201246104) is a nonprofit organization based in Liberal, KS. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jack Reese Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jack Reese Foundation Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -13.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $12 |
| Total Expenses | $365 |
| Surplus / Deficit | $-353 |
| Total Assets | $8K |
| Total Liabilities | $1 |
| Net Assets | $8K |
| Operating Margin | -2941.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 262.8 months |
Financial Health Grade: B
In 2015, Jack Reese Foundation Inc reported a deficit of $353 with expenses exceeding revenue, holds 262.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Jack Reese Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +0.0% | +25.9% | -4.2% |
| 2014 | -7.7% | -3.0% | -3.2% |
| 2013 | -13.3% | -26.5% | -3.2% |
| 2012 | -28.6% | -14.1% | -4.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jack Reese Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Jack Reese Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $353, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% of expenses across all available filings, indicating no salaries are paid to officers, which is common for very small, volunteer-run organizations.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jack Reese Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceed revenue in all reported periods)
- Declining asset base (from $9,301 in 2011 to $7,992 in 2015)
- Extremely low revenue, indicating lack of active fundraising or public support
- Unknown NTEE code, making it difficult to understand its mission
Strengths
The following positive indicators were identified for Jack Reese Foundation Inc:
- No officer compensation reported, suggesting volunteer leadership
- Consistent IRS 990 filing history, indicating basic compliance
Frequently Asked Questions about Jack Reese Foundation Inc
Is Jack Reese Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jack Reese Foundation Inc (EIN: 201246104) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Jack Reese Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Jack Reese Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Jack Reese Foundation Inc tax-deductible?
Jack Reese Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201246104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jack Reese Foundation Inc located?
Jack Reese Foundation Inc is headquartered in Liberal, Kansas and files with the IRS under EIN 201246104.
How many years of IRS 990 filings does Jack Reese Foundation Inc have?
Jack Reese Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Jack Reese Foundation Inc a good charity?
Based on the available data, it's difficult to assess if it's a 'good' charity in terms of impact, as financial activity is minimal. The organization consistently spends more than it earns, drawing down its small asset base. While it reports no officer compensation, its financial model is not self-sustaining.
What is the primary purpose of the Jack Reese Foundation Inc?
The NTEE code is unknown, and the financial data is too limited to infer the primary purpose or programs. The extremely low revenue and expenses suggest a very limited scope of activity, possibly a dormant or legacy fund.
How does the organization fund its operations?
The organization primarily funds its minimal operations by drawing down its existing assets, as its expenses consistently exceed its reported revenue. For example, in 2015, revenue was $12 while expenses were $365.
Filing History
IRS 990 filing history for Jack Reese Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Jack Reese Foundation Inc's revenue has declined by 42.9%, moving from $21 to $12. Total assets decreased by 14.1% over the same period, from $9K to $8K. Total functional expenses fell by 23%, from $474 to $365. In its most recent filing year (2015), Jack Reese Foundation Inc reported a deficit of $353, with expenses exceeding revenue. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $12 | $365 | $8K | $1 | — | View 990 |
| 2014 | $12 | $290 | $8K | $1 | — | View 990 |
| 2013 | $13 | $299 | $9K | $1 | — | View 990 |
| 2012 | $15 | $407 | $9K | $1 | — | View 990 |
| 2011 | $21 | $474 | $9K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $12, expenses of $365, and assets of $8K (revenue +0.0% year-over-year).
- 2014: Revenue of $12, expenses of $290, and assets of $8K (revenue -7.7% year-over-year).
- 2013: Revenue of $13, expenses of $299, and assets of $9K (revenue -13.3% year-over-year).
- 2012: Revenue of $15, expenses of $407, and assets of $9K (revenue -28.6% year-over-year).
- 2011: Revenue of $21, expenses of $474, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jack Reese Foundation Inc:
Data Sources and Methodology
This transparency report for Jack Reese Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.