Horwood C And Alene S Jones Foundation
- Assets
- $768.4k
- Revenue
- $181.1k
- Investments
- $611.3k
- Employees
- 0
- Location
- Centreville, MD
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 22-3032132
Organization Overview
Horwood C And Alene S Jones Foundation is located in Centreville, MD. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horwood C And Alene S Jones Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Horwood C And Alene S Jones Foundation generated $181.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $122.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Petrosillo Trustee | 0.5 | $12,500 | |
Sylvia Petrosillo Trustee | 0.5 | $7,500 | |
Marcell A Rivard Trustee | 0.5 | $12,500 | |
Camilla Rivard Trustee | 0.5 | $7,500 | |
John A Petrosillo Trustee | 0.5 | $2,000 | |
Patricia R Mastrovito Trustee | 0.5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $220 |
| Dividends & Interest | $21,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,258 |
| Capital Gain Net Income | $156,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,832 |
| Total Revenue | $181,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $654 |
| Total operating and administrative expenses | $58,338 |
| Contributions, gifts, grants paid | $64,000 |
| Total expenses and disbursements | $122,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,114 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $768,396 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Horwood C And Alene S Jones Foundation has awarded $64,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BALDWINSVILLE COMMMUNITY FOOD PANTRY PURPOSE: CHARITABLE | $15,000 |
BALDWINSVILLE MEALS ON WHEELS PURPOSE: CHARITABLE | $15,000 |
BALDWINSVILLE VOLUNTEER CENTER PURPOSE: CHARITABLE | $11,000 |
RONALD MCDONALD HOUSE CHARITY PURPOSE: CHARITABLE | $11,000 |
THE RESCUE MISSION PURPOSE: CHARITABLE | $12,000 |