Jennings & Rebecca Jones Foundation Inc
- Assets
- $3.6m
- Revenue
- $115.0k
- Investments
- $3.6m
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 58-1698633
Organization Overview
Jennings & Rebecca Jones Foundation Inc is located in Murfreesboro, TN. The organization was established in 1987. 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. Jennings & Rebecca Jones 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, Jennings & Rebecca Jones Foundation Inc generated $115.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $525.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jennings & Rebecca Jones Foundation Inc has awarded 81 individual grants totaling $1,973,720. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT ENGAGE IN ANY CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Ransom Jones Director | 1 | $0 | |
Jennings H Jones Chairman | 1 | $0 | |
William R Jones Jr Director | 1 | $0 | |
Laura B Jones Secretary | 1 | $0 | |
James Burton Vice Chairman | 1 | $0 | |
Lee Moss Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $59,584 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,733 |
| Capital Gain Net Income | $38,733 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,709 |
| Total Revenue | $115,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $57,750 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96,664 |
| Total operating and administrative expenses | $161,392 |
| Contributions, gifts, grants paid | $364,513 |
| Total expenses and disbursements | $525,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,588 |
| Savings and temporary cash investments | $8,509 |
| 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 | $1,066,489 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,635,244 |
| 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 | $96,192 |
| Total liabilities | $96,192 |
Grants Awarded
Over the last fiscal year, Jennings & Rebecca Jones Foundation Inc has awarded $364,513 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MTSU FOUNDATION PURPOSE: VARIOUS EDUCATION INITIATIVES | $9,500 |
RUTHERFORD CO BOARD OF ED PURPOSE: TEACHER TRAINING AND AVID PROGRAM | $25,000 |
READ TO SUCCEED PURPOSE: GENERAL PROGRAMS AND FAMILY LITERACY CENTER | $36,500 |
THE DISCOVERY CENTER AT MURFREE SPR PURPOSE: GENERAL PROGRAMS | $30,000 |
MURFREESBORO CITY SCHOOL FOUNDATION PURPOSE: TRAINING AND GIFTED COORDINATOR | $35,000 |
GREENHOUSE MINISTRIES PURPOSE: IT UPGRADE | $16,000 |