Michael A And Connie V Joines Family Foundation Inc
- Assets
- $89.9m
- Revenue
- $14.5m
- Investments
- $77.1m
- Employees
- 0
- Location
- Granger, IN
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-2581672
Organization Overview
Michael A And Connie V Joines Family Foundation Inc is located in Granger, IN. The organization was established in 2016. 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. Michael A And Connie V Joines Family Foundation Inc 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, Michael A And Connie V Joines Family Foundation Inc generated $14.5m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 36.2% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Joines President | 1 | $0 | |
Connie V Joines Executive Director | 1 | $0 | |
Brian M Joines Vice-President | 1 | $0 | |
Jeffery A Joines Vice-President | 1 | $0 | |
Kelly J Conner Vice-President | 1 | $0 | |
Ashley M Joines Co-Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,445,104 |
| Interest on Savings | $289,955 |
| Dividends & Interest | $1,602,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,124,047 |
| Capital Gain Net Income | $10,124,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,046 |
| Total Revenue | $14,476,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $335,343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,134 |
| Total operating and administrative expenses | $431,075 |
| Contributions, gifts, grants paid | $720,000 |
| Total expenses and disbursements | $1,151,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,723,852 |
| 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 | $1,634,260 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $89,866,682 |
| 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, Michael A And Connie V Joines Family Foundation Inc has awarded $720,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ANDEAN HEALTH AND DEVELOPMENT PURPOSE: MEDICAL | $100,000 |
BOYS AND GIRLS CLUB PURPOSE: CHARITABLE | $25,000 |
CATHOLIC RELIEF SERVICES PURPOSE: CHARITABLE | $325,000 |
DIOCESE OF FORT WAYNE SOUTH BEND PURPOSE: RELIGIOUS | $75,000 |
FELLOWSHIP OF CATHOLIC UNIVERSITY STUDENTS PURPOSE: RELIGIOUS | $20,000 |
HOLY CROSS FOREIGN MISSION INC PURPOSE: RELIGIOUS | $25,000 |