Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
JAKE'S WISH DOG RESCUE
 
Employer identification number

46-5281347
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
(1) HEIDI SCHLAGEL PRESIDENT BUILD STORAGE FACILITY FOR ORGANIZATION TO STORE SUPPLIES FOR DOG RESCUES.   X 51,611 51,611   No Yes   Yes  
Total ...............Small Bullet $ 51,611
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2018
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Schedule L (Form 990 or 990-EZ) 2018
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Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
FORM 990 SCHEDULE L PART II THE PRESIDENT HAD A CUSTOM STORAGE FACILITY BUILT FOR THE ORGANIZATION'S SOLE USE. THIS WAS BUILT WITH THE ORGANIZATION'S FUNDS AND IT WAS LATER DETERMINED THAT THE PRESIDENT SHOULD HAVE USED HER OWN FUNDS AND RENTED THE FACILITY TO THE ORGANIZATION. IN NOVEMBER 2019, IT WAS DETERMINED THAT THE PRESIDENT WILL PAY BACK THE ADVANCED FUNDS AND THE ORGANIZATION WILL PAY MONTHLY RENT. THE ORGANIZATION HAS USED THE STORAGE SPACE SINCE APRIL 1, 2018. FAIR MARKET RENTAL VALUE ON THE SPACE IS $1.70 PER SQUARE FOOT. THIS EQUATES TO A RENTAL VALUE OF $1,020 PER MONTH. THE ACCRUED RENTAL INCOME TOTALS $19,380 FOR THE PERIOD APRIL 1, 2018 - OCTOBER 31, 2019. THE RENTAL EXPENSE AND THE PAYDOWN OF THE NOTE WILL BE SHOWN ON THE 2019 TAX RETURN. IN NOVEMBER 2019, A NOTE AND LEASE WERE SIGNED. THE LEASE HAS THE ORGANIZATION MAKING RENT PAYMENTS TO THE PRESIDENT FOR THE BALANCE OF THE LEASE TERM AND THE SIGNED NOTE HAS THE PRESIDENT MAKING LOAN PAYMENTS TO THE ORGANIZATION PURSUANT TO THE NOTE.
Schedule L (Form 990 or 990-EZ) 2018


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