Herbert B Jones Foundation
- Assets
- $13.5m
- Revenue
- $1.3m
- Investments
- $13.1m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 10/1990
- Data as of
- 08/2023
- EIN
- 94-3124801
Organization Overview
Herbert B Jones Foundation is located in Seattle, WA. The organization was established in 1990. 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. Herbert B Jones 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 08/2023, Herbert B Jones Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $994.3k during the year ending 08/2023. While expenses have increased by 2.4% 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.
Since 2020, Herbert B Jones Foundation has awarded 46 individual grants totaling $3,032,733. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Smith Trustee | 1 | $0 | |
Tom Crha Trustee | 1 | $0 | |
Tammy Miller Trustee | 1 | $0 | |
Kaylee Jaech Trustee | 1 | $0 | |
Mandy Ho Trustee | 1 | $0 | |
Rene Wagner Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $114,275 |
| Dividends & Interest | $217,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $932,639 |
| Capital Gain Net Income | $932,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,461 |
| Total Revenue | $1,278,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,418 |
| Total operating and administrative expenses | $135,471 |
| Contributions, gifts, grants paid | $858,808 |
| Total expenses and disbursements | $994,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $411,353 |
| 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 | $6,564,028 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,491,604 |
| 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, Herbert B Jones Foundation has awarded $858,808 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN WASHINGTON UNIVERSITY PURPOSE: CENTER FOR ENTERPRENEURSHIP | $172,800 |
ENTERPRISE FOR EQUITY PURPOSE: LOW INCOME SCHOLARSHIPS AND MOMENTUM AWARDS | $23,000 |
NW SCHOOL FOR DEAF AND HARD OF HEARING CHILDREN PURPOSE: EDUCATIONAL PROGRAMS FOR DEAF AND HARD OF HEARING CHILDREN | $31,000 |
SEATTLE PACIFIC UNIVERSITY PURPOSE: CAMPUS COURSE DEVELOPMENT, SOCIAL VENTURE COMPETITION, STUDENT LAUNCH AWARDS | $32,508 |
SEATTLE UNIVERSITY PURPOSE: PROGRESS AWARDS AND BUSINESS PLAN AWARD | $45,000 |
UNIVERSITY OF WASHINGTON PURPOSE: ACCELERATOR AWARD, BUSINESS PLAN COMPETITION, ENVIRONMENTAL AND HEALTH CHALLENGES | $327,500 |