Live Like Jake Foundation Inc

Childhood Drowning Prevention

aka Live Like Jake Foundation Inc   |   Palm Beach Gardens, FL   |
GuideStar Charity Check

Live Like Jake Foundation Inc

EIN: 47-1163422


The Live Like Jake Foundation was created to raise awareness for childhood drowning prevention and provide self rescue swim lesson scholarships to those who cannot afford them as well as provide financial and emotional support to families who have lost a child or have a child with critical care needs.

Ruling year info


Executive Director

Keri Morrison

Main address

10311 Ironwood Road

Palm Beach Gardens, FL 33410 USA

Show more contact info



Subject area info

Safety education

Population served info

Children and youth

NTEE code info

Safety Education (M40)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms


Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Self Rescue Swim Lessons

Provide partial and full scholarships for self rescue swim lessons to families that cannot afford them.

Population(s) Served
Children and youth

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify bright spots and enhance positive service experiences, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback


Live Like Jake Foundation Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 448.92 over 8 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 11.5 over 8 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 6% over 8 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Live Like Jake Foundation Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Live Like Jake Foundation Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Live Like Jake Foundation Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Live Like Jake Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $133,184 $119,920 $54,839 $2,920 $1,444
As % of expenses 54.0% 37.0% 22.0% 0.7% 0.3%
Unrestricted surplus (deficit) after depreciation $133,151 $101,787 $52,833 $0 $0
As % of expenses 54.0% 29.7% 21.0% 0.0% 0.0%
Revenue composition info
Total revenue (unrestricted & restricted) $380,360 $440,173 $303,876 $590,412 $654,913
Total revenue, % change over prior year 67.2% 15.7% -31.0% 94.3% 10.9%
Program services revenue 57.9% 0.0% 0.0% 7.0% 8.3%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.5% 1.9% 3.4% 0.6% 0.4%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 41.5% 97.9% 96.6% 92.3% 91.2%
Other revenue 0.1% 0.2% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $246,566 $324,494 $249,037 $440,394 $538,419
Total expenses, % change over prior year 32.9% 31.6% -23.3% 76.8% 22.3%
Personnel 20.6% 21.6% 35.1% 25.8% 29.0%
Professional fees 2.1% 5.2% 1.7% 0.6% 0.4%
Occupancy 0.7% 0.9% 0.5% 15.6% 11.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.1% 0.0% 0.0% 0.0% 0.0%
All other expenses 76.6% 72.4% 62.6% 58.1% 59.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $246,599 $342,627 $251,043 $443,314 $539,863
One month of savings $20,547 $27,041 $20,753 $36,700 $44,868
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $22,970 $27,760 $0 $0
Total full costs (estimated) $267,146 $392,638 $299,556 $480,014 $584,731

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 15.0 14.9 20.8 15.3 14.8
Months of cash and investments 15.0 14.9 20.8 15.3 14.8
Months of estimated liquid unrestricted net assets 15.2 15.1 21.0 -0.8 -0.6
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $307,712 $403,038 $431,338 $561,618 $664,774
Investments $0 $0 $0 $0 $0
Receivables $4,178 $5,802 $11,394 $16,354 $33,714
Gross land, buildings, equipment (LBE) $570 $23,570 $51,330 $51,330 $51,330
Accumulated depreciation (as a % of LBE) 86.1% 79.1% 40.2% 45.9% 48.8%
Liabilities (as a % of assets) 0.0% 0.0% 3.1% 0.0% 0.6%
Unrestricted net assets $311,969 $413,756 $466,589 $0 $0
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $613,687 $728,737
Total net assets $311,969 $413,756 $466,589 $613,687 $728,737

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Executive Director

Keri Morrison

Keri Morrison is the founder of Live Like Jake. After the drowning death of her son Jake in 2013 she decided to make it her life's mission to educate families on childhood drowning prevention.

Number of employees

Source: IRS Form 990

Live Like Jake Foundation Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Live Like Jake Foundation Inc

Board of directors
as of 07/24/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Keri Morrison

Live Like Jake Foundation Inc

Term: 2014 -

Janis Evans


Timothy R Morrison

POM Performance

Dr. Jeanmarie Connor

Premier Pediatrics

Margaret Bichler

Trelles & Bichler

Scott Smith

Luxe at Compass Real Estate

Heather Laughlin Atkins

HL Enterprises

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 7/24/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

Gender identity


Sexual orientation

No data