Jacob's Well

Tax-deductible

Lincoln, NE501(c)(3)Human ServicesEIN 26-4503142

Jacob's well is devoted to working with individuals, churches, and community organizations in an effort to connect people in need with resources and skills which will improve their quality of life, both physically and spiritually.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 60 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $924 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 21% of spending
Top officer’s pay lower than 68% of similar orgs
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
+56% vs prior year
Spent
$206K
To programs
78%
Net assets
$7K
By yearFY2020–FY2024
Revenue
$156K
FY2024▲ +56%
Revenue by fiscal year
FY2020$189K
FY2021$180K
FY2022$160K
FY2023$100K
FY2024$156K
Expenses
$206K
FY2024▲ +72%
Expenses by fiscal year
FY2020$165K
FY2021$160K
FY2022$139K
FY2023$120K
FY2024$206K
Net assets
$7K
FY2024▼ -88%
Net assets by fiscal year
FY2020$36K
FY2021$56K
FY2022$78K
FY2023$58K
FY2024$7K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $160K Management & general 22% · $46K Fundraising 0% · $278

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$44,100Pt VII · Sec A
Chairman, Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Thornton’s $44K as Executive Di is at the 32nd percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mark Thornton$44,100$44,928$42,300$36,900$36,900
William H Thornton————$8,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Jacob's Well executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people in need with resources and skills to improve their lives physically and spiritually.

Provided by the organization

This section is blank until Jacob's Well claims this page.

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2 program services account for $160K of program spending, described in the organization's own filed words · FY2024.
01

Neighborhood Outreach

This program helps get resources to people who need them in the immediate area. These resources address physical, relational, and spiritual needs with the goal to improve quality of life using a holistic approach.

$115Kprogram expense
02

Haiti Program

Mission trips to haiti to serve low income people, including building a school. The vision of jacob's well in haiti is led by god and put in motion by indigenous leadership. The organization is sensitive to his guidance, using the principles of education and community development.

$45Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Gifts and grantsLn 1h$156K
Investment incomeLn 3$108
Money outPt IX
$206K
Ln 25
Programscol B$160K
Managementcol C$46K
Fundraisingcol D$278
Owns and owesPt X
$7K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$7K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$156K
Investment incomeLn 3$108
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$7K
Net assetsLn 32$7K
OperationsPt I, VI
EmployeesI 52
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$58K$14K
Total assetsLn 16$58K$14K
LiabilitiesLn 26$0$7K
Net assetsLn 32$58K$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$44K$22K$22K
Other salaries and wagesLn 7$14K$14K
Payroll taxesLn 10$4K$2K$3K
Accounting feesLn 11c$4K$3K$278
Other fees for servicesLn 11g$87$87
Office expensesLn 13$1K$1K
Information technologyLn 14$718$718
OccupancyLn 16$4K$4K
Conferences, conventions and meetingsLn 19$212$212
InsuranceLn 23$2K$1K$1K
Other expenses (24a–d)Ln 24$131K$131K
Total functional expensesLn 25$206K$160K$46K$278

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $156K$206K−$51K$7K 990 PDF
FY2023 $100K$120K−$20K$58K 990 PDF
FY2022 $160K$139K$22K$78K 990 PDF
FY2021 $180K$160K$20K$56K 990 PDF
FY2020 $189K$165K$25K$36K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $155,773 across 4 lines filed
VIII-1f All other contributions, gifts and grants$155,665
VIII-1h Total contributions, gifts and grants$155,665
VIII-3 Investment incomeExcluded from tax $108$108
VIII-12 Total revenueExcluded from tax $108$155,773
Part IX · Statement of functional expenses $206,399 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,050 · Management $22,050$44,100
IX-7 Other salaries and wagesManagement $14,400$14,400
IX-10 Payroll taxesPrograms $1,701 · Management $2,775$4,476
IX-11c Accounting feesManagement $3,307 · Fundraising $278$3,585
IX-11g Other fees for servicesManagement $87$87
IX-13 Office expensesManagement $1,232$1,232
IX-14 Information technologyManagement $718$718
IX-16 OccupancyPrograms $4,225$4,225
IX-19 Conferences, conventions and meetingsManagement $212$212
IX-23 InsurancePrograms $1,101 · Management $1,101$2,202
IX-24 Other expenses (24a–d)Programs $131,162$131,162
IX-25 Total functional expensesPrograms $160,239 · Management $45,882 · Fundraising $278$206,399
Part X · Balance sheet $14,214 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $57,840$14,214
X-16 Total assetsStart of year $57,840$14,214
X-25 Other liabilities$7,000
X-26 Total liabilitiesStart of year $0$7,000
X-27 Net assets without donor restrictionsStart of year $57,840$7,214
X-32 Total net assets or fund balancesStart of year $57,840$7,214
X-33 Total liabilities and net assetsStart of year $57,840$14,214
Part XI · Reconciliation of net assets $7,214 net assets at year end
XI-1 Total revenue$155,773
XI-2 Total expenses$206,399
XI-3 Revenue less expenses−$50,626
XI-4 Net assets at start of year$57,840
XI-10 Net assets at end of year$7,214

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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