Fletcher Jones Foundation
- Assets
- $157.5m
- Revenue
- $6.2m
- Investments
- $153.6m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 07/1969
- Data as of
- 12/2022
- 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 12/2022, Fletcher Jones Foundation generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fletcher Jones Foundation has awarded 639 individual grants totaling $70,801,633. 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 | $244,471 | |
Peter K Barker President | 3 | $4,800 | |
John D Pettker Vp/trustee/secretary | 3 | $3,600 | |
Samuel P Bell Vp/trustee | 2 | $3,600 | |
Patrick C Haden Vp/trustee | 2 | $3,600 | |
Parker S Kennedy Vp/trustee | 2 | $4,200 |
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 | $4,962,217 |
| Capital Gain Net Income | $8,496,732 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,212,139 |
| Total Revenue | $6,174,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $275,185 |
| Other employee salaries and wages | $35,610 |
| Pension plans, employee benefits | $25,286 |
| Interest | $0 |
| Taxes | $475 |
| Depreciation | $624 |
| Occupancy | $46,229 |
| Travel, conferences, and meetings | $1,824 |
| Printing and publications | $0 |
| Other expenses | $77,821 |
| Total operating and administrative expenses | $1,121,171 |
| Contributions, gifts, grants paid | $6,841,133 |
| Total expenses and disbursements | $7,962,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,210,500 |
| 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 | $19,335 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $153,625,929 |
| Net Land, buildings, and equipment | $4,319 |
| Other assets | $2,631,311 |
| Total assets | $157,491,394 |
| Accounts payable and accrued expenses | $350,204 |
| 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 | $895,000 |
| Total liabilities | $1,245,204 |
Grants Awarded
Over the last fiscal year, Fletcher Jones Foundation has awarded $7,425,000 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS AQUINAS COLLEGE PURPOSE: EARTHQUAKE DAMAGE REPAIRS | $1,000,000 |
PEPPERDINE UNIVERSITY PURPOSE: THE FLETCHER JONES PROFESSORSHIP OF DATA SCIENCE | $1,000,000 |
SANTA CLARA UNIVERSITY PURPOSE: TO SUPPORT UNDERGRADUATE EXPERIENCES IN ADVANCED COMPUTATION | $1,000,000 |
UNIVERSITY OF REDLANDS PURPOSE: IMMERSIVE AND ENGAGED LEARNING INITIATIVES | $1,000,000 |
SCRIPPS COLLEGE PURPOSE: THE COMMUNITY ENGAGEMENT AND PARTNERSHIP CENTER | $500,000 |
CALIFORNIA LUTHERAN UNIVERSITY PURPOSE: AHMANSON SCIENCE CENTER RENOVATION PROJECT | $500,000 |