Jones Trust
- Assets
- $72.5m
- Revenue
- $4.5m
- Investments
- $46.6m
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 71-0718507
Organization Overview
Jones Trust is located in Springdale, AR. The organization was established in 1993. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Jones Trust 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, Jones Trust generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL AND EDUCATIONAL FACILITIES FOR CITIZENS OF NORTHWEST ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joel Carver Director | 1 | $0 | |
Betsy Phillips Director | 1 | $0 | |
Archie Schaffer III Director | 1 | $0 | |
Adam Arroyos Director | 1 | $0 | |
Brandon Taylor Director | 1 | $0 | |
Ed Clifford Director Of Campaign Gifts | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Johnson Mechanical Contractors | 12/30/22 | $781,240 |
Civitas Inc | 12/30/22 | $524,815 |
Corvus Janitorial Of Northwest Arkansas | 12/30/22 | $71,361 |
Walker Brothers Insurance | 12/30/22 | $203,256 |
The Grey Barn Llc | 12/30/22 | $61,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $227,599 |
| Interest on Savings | $2,465 |
| Dividends & Interest | $1,628,404 |
| Net Rental Income | $2,146,911 |
| Net Gain on Sale of Assets | $477,820 |
| Capital Gain Net Income | $477,820 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,422 |
| Total Revenue | $4,496,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,131,484 |
| Pension plans, employee benefits | $100,525 |
| Interest | $0 |
| Taxes | $45,635 |
| Depreciation | $2,471,588 |
| Occupancy | $876,346 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $551,163 |
| Total operating and administrative expenses | $5,810,115 |
| Contributions, gifts, grants paid | $2,144,592 |
| Total expenses and disbursements | $7,954,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,726 |
| Savings and temporary cash investments | $1,126,932 |
| Net Accounts receivable | $8,310 |
| Net Pledges Receivable | $283,261 |
| 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 | $9,908 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,389,902 |
| Other assets | $0 |
| Total assets | $72,479,545 |
| Accounts payable and accrued expenses | $350,255 |
| Grants payable | $0 |
| Deferred revenue | $8,084 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $358,339 |
Grants Awarded
Over the last fiscal year, Jones Trust has awarded $307,888 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE JONES CENTER FOR FAMILIES INC PURPOSE: PROVIDE FUNDING FOR THE JONES CENTER | $304,888 |
INSEITZ GROUP LLC PURPOSE: PROVIDE FUNDING FOR INSEITZ GROUP, LLC | $3,000 |