Fletcher Jones Foundation
- Assets
- $171.0m
- Revenue
- $2.6m
- Investments
- $166.5m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 07/1969
- Data as of
- 12/2020
- EIN
- 23-7030155
Organization Overview
Fletcher Jones Foundation is located in Pasadena, CA. The organization was established in 1969. 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. Fletcher 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 12/2020, Fletcher Jones Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fletcher Jones Foundation has awarded 535 individual grants totaling $56,535,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary J Spellman Executive Director/treasurer | 35 | $211,083 | |
Donald Nickelson Vp/trustee | 3 | $4,800 | |
Rockwell Schnabel Vp/trustee | 2 | $4,800 | |
Peter K Barker President | 3 | $4,800 | |
Stewart R Smith Vp/trustee | 2 | $4,800 | |
John D Pettker Vp/trustee/secretary | 3 | $3,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon | 12/30/18 | $66,705 |
Cambridge Advisors Llc | 12/30/18 | $202,625 |
Green Hasson Janks | 12/30/18 | $50,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,971,320 |
| Capital Gain Net Income | $7,147,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $585,939 |
| Total Revenue | $2,557,259 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $249,921 |
| Other employee salaries and wages | $31,043 |
| Pension plans, employee benefits | $24,134 |
| Interest | $0 |
| Taxes | $490,371 |
| Depreciation | $624 |
| Occupancy | $46,353 |
| Travel, conferences, and meetings | $1,067 |
| Printing and publications | $6,897 |
| Other expenses | $72,739 |
| Total operating and administrative expenses | $1,516,748 |
| Contributions, gifts, grants paid | $7,836,938 |
| Total expenses and disbursements | $9,353,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,540 |
| 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 | $12,346 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $166,525,475 |
| Net Land, buildings, and equipment | $5,567 |
| Other assets | $4,245,922 |
| Total assets | $171,018,850 |
| Accounts payable and accrued expenses | $227,633 |
| 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 | $1,208,274 |
| Total liabilities | $1,435,907 |
Grants Awarded
Over the last fiscal year, Fletcher Jones Foundation has awarded $9,940,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: PRESIDENT'S DISCRETIONARY FUND | $1,000,000 |
La Verne, CA PURPOSE: THE FLETCHER JONES ENDOWED PROFESSORSHIP IN ARTIFICIAL INTELLIGENCE/CYBERSECURITY | $1,000,000 |
Stockton, CA PURPOSE: MAKERSPACE RENOVATION | $1,000,000 |
Pasadena, CA PURPOSE: FRESHMAN SUMMER RESEARCH INSTITUTE | $1,000,000 |
Los Angeles, CA PURPOSE: AUDITORIUM RENOVATION AT THE ANNENBERG SCHOOL FOR COMMUNICATION AND JOURNALISM BUILDING | $1,000,000 |
STANFORD UNIVERSITY PURPOSE: TO SUPPORT A FIVE-YEAR PILOT OF NEW MAJOR IN DATA SCIENCE AND SOCIAL SYSTEMS. | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |