The Jones Educational Foundation Inc
- Assets
- $1.3m
- Revenue
- $24.0k
- Investments
- $506.0k
- Employees
- 0
- Location
- Somerset, KY
- Founding
- 09/2008
- Data as of
- 07/2024
- EIN
- 61-6312867
Organization Overview
The Jones Educational Foundation Inc is located in Somerset, KY. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Educational 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 07/2024, Jones Educational Foundation Inc generated $24.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $67.6k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jones Educational Foundation Inc has awarded 49 individual grants totaling $111,080. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Simon President | 5 | $0 | |
Jenny Williams Vice Preside | 5 | $0 | |
Noah Polk Secretary | 5 | $0 | |
Bryan Denney Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $603 |
| Interest on Savings | $3,493 |
| Dividends & Interest | $16,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,187 |
| Capital Gain Net Income | $3,187 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $705 |
| Total Revenue | $24,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,447 |
| Depreciation | $11,498 |
| Occupancy | $15,436 |
| Travel, conferences, and meetings | $16,050 |
| Printing and publications | $0 |
| Other expenses | $12,876 |
| Total operating and administrative expenses | $59,295 |
| Contributions, gifts, grants paid | $8,303 |
| Total expenses and disbursements | $67,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $477,356 |
| 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 | $0 |
| Net Land, buildings, and equipment | $273,415 |
| Other assets | $23,842 |
| Total assets | $1,280,640 |
| 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, The Jones Educational Foundation Inc has awarded $8,303 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE PURPOSE: DONATION FOR RESEARCH | $600 |
BATGAP PURPOSE: DONATION | $103 |
TAILOR SCHOOLTRACI BRAY PURPOSE: SCHOLARSHIP | $4,600 |
VIOLIN GRANTMAIA LOIACONO PURPOSE: SCHOLARSHIP | $3,000 |