Live Like Jake Foundation INC

Tax-deductible

Palm Bch Gdns, FL501(c)(3)Since 2014Human ServicesEIN 47-1163422Revenue $844K in FY2025

On file with the IRSlivelikejake.com10311 Ironwood Rd, 33410-4223 · Palm Bch Gdns, FLTax-exempt since Aug 2014Publicly supported — 509(a)(2)

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Organizations mission: the Live Like Jake Foundation was created to raise awareness for drowning prevention and provide swim lesson scholarships to those who cannot afford them as well as provide financial and emotional support to families who have lost a loved one or have a child with critical care needs.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $104K a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 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
$90K
to officers and key staff · 13% of spending
Top officer’s pay higher than 80% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$844K
+15% vs prior year
Spent
$672K
To programs
78%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$844K
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$304K
FY2021$590K
FY2022$655K
FY2023$609K
FY2024$736K
FY2025$844K
Expenses
$672K
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$251K
FY2021$443K
FY2022$540K
FY2023$548K
FY2024$658K
FY2025$672K
Net assets
$1.0M
FY2025▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$467K
FY2021$614K
FY2022$729K
FY2023$790K
FY2024$868K
FY2025$1.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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% · $527K Management & general 3% · $21K Fundraising 18% · $124K

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

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Who runs it and what they're paid

7 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$89,584Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Keri Morrison’s $90K as Executive Director is at the 80th percentile of top reported officer pay among 2168 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Keri Morrison$89,584$84,417$71,500$77,417$65,000$65,000

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 Live Like Jake Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes drowning prevention, offers swim scholarships, and supports families facing loss or critical care needs.

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Provided by the organization

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3 programs · $527K · in their own filed words · FY2025
01

Provide swim lesson scholarships to those who cannot afford them in over 34 counties and out of state

$391Kprogram expense
02

Provide financial and emotional support to families who have lost a loved one or have a child with critical care needs

$98Kprogram expense
03

To raise awareness for drowning prevention

$37Kprogram expense

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 · FY2025
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$844K
Ln 12
Gifts and grantsLn 1h$773K
Fees for servicesLn 2g$59K
Investment incomeLn 3$13K
Money outPt IX
$672K
Ln 25
Programscol B$527K
Managementcol C$21K
Fundraisingcol D$124K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$773K
Fundraising eventsLn 1c$446K
Fees for servicesLn 2g$59K
Investment incomeLn 3$13K
Total revenueLn 12$844K
Assets in detailPt X, end of year
CashLn 1$200K
SavingsLn 2$811K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$24K
Total assetsLn 16$1.0M
LiabilitiesLn 26$3K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$872K$1.0M
Land, buildings, equipmentLn 10c$25K$24K
Total assetsLn 16$905K$1.0M
LiabilitiesLn 26$37K$3K
Net assetsLn 32$868K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$72K$9K$9K
Pay of disqualified personsLn 6$52K$46K$0$6K
Payroll taxesLn 10$10K$8K$1K$587
Accounting feesLn 11c$5K$4K$870$0
Advertising and promotionLn 12$37K$37K$0$0
Office expensesLn 13$19K$10K$8K$0
Information technologyLn 14$8K$7K$698$0
OccupancyLn 16$77K$77K$0$0
TravelLn 17$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$722$0$722$0
InsuranceLn 23$7K$6K$509$0
Other expenses (24a–d)Ln 24$352K$244K$0$108K
All other expensesLn 24e$12K$12K$0$0
Total functional expensesLn 25$672K$527K$21K$124K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $844K$672K$172K$1.0M 990 PDF
FY2024 $736K$658K$78K$868K 990 PDF
FY2023 $609K$548K$61K$790K 990 PDF
FY2022 $655K$540K$115K$729K 990 PDF
FY2021 $590K$443K$147K$614K 990 PDF
FY2020 $304K$251K$53K$467K 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 FY2025 990 (6 parts)
Part I · Summary $843,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $674,482$773,139
I-9 Program service revenuePrior year $54,966$58,523
I-10 Investment incomePrior year $8,902$12,737
I-11 Other revenuePrior year −$2,426−$631
I-12 Total revenuePrior year $735,924$843,768
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $159,897$151,478
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $497,834$520,256
I-18 Total expensesPrior year $657,731$671,734
I-19 Revenue less expensesPrior year $78,193$172,034
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $843,768 across 7 lines filed
VIII-1c Fundraising events$446,421
VIII-1f All other contributions, gifts and grants$326,718
VIII-1h Total contributions, gifts and grants$773,139
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$58,523
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$12,737
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$631−$631
VIII-12 Total revenueRelated to mission $71,260 · Unrelated business $0 · Excluded from tax −$631$843,768
Part IX · Statement of functional expenses $671,734 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $72,084 · Management $8,958 · Fundraising $8,958$90,000
IX-6 Pay of disqualified personsPrograms $45,996 · Management $0 · Fundraising $5,615$51,611
IX-10 Payroll taxesPrograms $8,148 · Management $1,132 · Fundraising $587$9,867
IX-11c Accounting feesPrograms $3,830 · Management $870 · Fundraising $0$4,700
IX-12 Advertising and promotionPrograms $37,423 · Management $0 · Fundraising $0$37,423
IX-13 Office expensesPrograms $10,449 · Management $8,232 · Fundraising $0$18,681
IX-14 Information technologyPrograms $6,805 · Management $698 · Fundraising $0$7,503
IX-16 OccupancyPrograms $76,946 · Management $0 · Fundraising $0$76,946
IX-17 TravelPrograms $3,152 · Management $0 · Fundraising $0$3,152
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $722 · Fundraising $0$722
IX-23 InsurancePrograms $6,486 · Management $509 · Fundraising $0$6,995
IX-24 Other expenses (24a–d)Programs $244,096 · Management $0 · Fundraising $108,351$352,447
IX-24e All other expensesPrograms $11,687 · Management $0 · Fundraising $0$11,687
IX-25 Total functional expensesPrograms $527,102 · Management $21,121 · Fundraising $123,511$671,734
Part X · Balance sheet $1,042,464 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $51,825$199,510
X-2 Savings and temporary cash investmentsStart of year $820,138$810,682
X-9 Prepaid expenses and deferred chargesStart of year $8,130$8,130
X-10c Land, buildings and equipment, netStart of year $24,774$24,142
X-16 Total assetsStart of year $904,867$1,042,464
X-25 Other liabilitiesStart of year $37,110$2,673
X-26 Total liabilitiesStart of year $37,110$2,673
X-27 Net assets without donor restrictionsStart of year $867,757$1,039,791
X-28 Net assets with donor restrictions$0
X-32 Total net assets or fund balancesStart of year $867,757$1,039,791
X-33 Total liabilities and net assetsStart of year $904,867$1,042,464
Part XI · Reconciliation of net assets $1,039,791 net assets at year end
XI-1 Total revenue$843,768
XI-2 Total expenses$671,734
XI-3 Revenue less expenses$172,034
XI-4 Net assets at start of year$867,757
XI-10 Net assets at end of year$1,039,791

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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