Jones Family Foundation
- Assets
- $14.4m
- Revenue
- $1.6m
- Investments
- $14.2m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 45-3069865
Organization Overview
Jones Family Foundation is located in St Paul, MN. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jones Family 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 12/2021, Jones Family Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jones Family Foundation has awarded 136 individual grants totaling $5,288,251. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY, INITIATE AND SUPPORT ENDEAVORS THAT POSITIVELY IMPACT THE RED WING AREA OF MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JONES FAMILY FOUNDATION PROVIDES GRANTS TO COMMUNITY NONPROFIT ORGANIZATIONS AND INITIATIVES WHICH FIT THE FOUNDATION'S MISSION AND FUNDAMENTAL STRATEGIES TO IMPROVE THE QUALITY OF LIFE IN THE RED WING, MINNESOTA GEOGRAPHIC AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Massett Board Chair | OfficerTrustee | 1 | $0 |
Anne Jones Co-Vice Chair | OfficerTrustee | 1 | $0 |
Scott Jones Co-Vice Chair | OfficerTrustee | 1 | $0 |
Tim Kelly Treasurer | OfficerTrustee | 1 | $0 |
Scott Zastoupil Vice Treasurer | Officer | 1 | $0 |
Rachelle Cobb Secretary | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,522 |
| Investment income | $300,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,208,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,564,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $162,613 |
| Fees for services: Legal | $5,405 |
| Fees for services: Accounting | $4,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,536 |
| Fees for services: Other | $21,634 |
| Advertising and promotion | $0 |
| Office expenses | $11,689 |
| Information technology | $12,885 |
| Royalties | $0 |
| Occupancy | $450 |
| Travel | $46 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $570 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,555,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,168,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,396,896 |
| Accounts payable and accrued expenses | $33,496 |
| Grants payable | $445,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $478,496 |
| Net assets without donor restrictions | $13,918,400 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,918,400 |
Grants Awarded
Over the last fiscal year, Jones Family Foundation has awarded $810,294 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CARE CLINIC PURPOSE: TO SUPPORT EMERGENCY DENTAL AND MEDICAL FUNDS | $30,250 |
ANDERSON CENTER FOR INTERDISCIPLINARY STUDIES INC PURPOSE: CAPITAL CAMPAIGN; HONORARIUMS; OUTREACH PROGRAMS | $121,500 |
CITY OF RED WING PURPOSE: PICKELBALL PROJECT; SHELDON THEATRE COMMUNITY OUTREACH PROGRAM | $22,000 |
FAITH IN ACTION IN RED WING PURPOSE: TO SUPPORT THE TRANSPORTATION PROGRAM | $7,000 |
HISPANIC OUTREACH PROGRAM OF GOODHUE COUNTY PURPOSE: YOUTH AND FAMILY PROGRAM; EMERGENCY FUND | $25,000 |
MINNESOTA STATE COLLEGE SOUTHEAST FOUNDATION PURPOSE: FOR RED WING COLLEGE PROMISE NAVIGATOR | $50,000 |