Rees-Jones Foundation
- Assets
- $621.3m
- Revenue
- $106.9m
- Investments
- $595.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-5132900
Organization Overview
Rees-Jones Foundation is located in Dallas, TX. The organization was established in 2006. 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. Rees-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 12/2022, Rees-Jones Foundation generated $106.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $61.0m during the year ending 12/2022. While expenses have increased by 8.3% 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, Rees-Jones Foundation has awarded 646 individual grants totaling $165,716,809. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE REES-JONES SUMMER INTERNSHIP PROGRAM - DIRECT EXPENSES TO SUPPORT 5 DALLAS AREA NON-PROFITS TO HIRE PAID SUMMER INTERNS FROM AMONG THEIR YOUTH PROGRAMMING CONSTITUENTS. PROGRAM PROVIDED JOB EXPERIENCE, MENTORING IN LIFE AND WORK SKILLS, FINANCIAL LITERACY EDUCATION, AND EXPOSURE TO VARIOUS CAREER POSSIBILITIES TO 28 AT-RISK YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP Grants | 40 | $292,485 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Director | 5 | $0 | |
Name Not Listed Treasurer/secretary | 32 | $259,446 | |
Name Not Listed President/director | 25 | $249,833 | |
Name Not Listed Chairman | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haynes And Boone Llp | 12/30/22 | $143,326 |
Curtis W Meadows Jr | 12/30/22 | $60,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000,000 |
| Interest on Savings | $1,464,862 |
| Dividends & Interest | $7,206,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$995,845 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$772,938 |
| Total Revenue | $106,902,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $801,764 |
| Other employee salaries and wages | $925,494 |
| Pension plans, employee benefits | $428,683 |
| Interest | $416 |
| Taxes | $138,456 |
| Depreciation | $5,744 |
| Occupancy | $1,580 |
| Travel, conferences, and meetings | $97,708 |
| Printing and publications | $2,599 |
| Other expenses | -$1,101,825 |
| Total operating and administrative expenses | $1,648,447 |
| Contributions, gifts, grants paid | $59,362,284 |
| Total expenses and disbursements | $61,010,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,377,591 |
| 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 | $63,771,728 |
| Net Land, buildings, and equipment | $2,685 |
| Other assets | $14,362,660 |
| Total assets | $621,323,518 |
| Accounts payable and accrued expenses | $21,653 |
| Grants payable | $14,285,000 |
| 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 | $14,306,653 |
Grants Awarded
Over the last fiscal year, Rees-Jones Foundation has awarded $68,692,284 in support to 201 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY CONNECTION TEXAS PURPOSE: FUNDING TO SUPPORT THE EXCELLENCE IN THERAPEUTIC SUPPORT TRAINING ACTIVITIES IN NORTH TEXAS. | $50,000 |
ACH CHILD AND FAMILY SERVICES PURPOSE: FUNDING TO BUILD CAPACITY FOR COMMUNITY-BASED CARE IN REGION 3B. | $1,650,000 |
ADVOCATES FOR COMMUNITY TRANSFORMATION PURPOSE: MULTI-YEAR FUNDING TO SUPPORT GENERAL OPERATIONS SO THAT DISCIPLESHIP PROGRAMS AND LEGAL ADVOCACY CONTINUE FOR RESIDENTS IN HAZARDOUS NEIGHBORHOODS. | $100,000 |
AFTER-SCHOOL ALL-STARS PURPOSE: FUNDING TO SUPPORT GENERAL OPERATIONS. | $30,000 |
ADVOCATES FOR SPECIAL PEOPLE INC PURPOSE: FUNDING TO SUPPORT PROGRAMMING THAT SERVES ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. | $65,000 |
BEHIND EVERY DOOR MINISTRIES PURPOSE: FUNDING TO SUPPORT ACCESS TO INTERNSHIPS AND PROFESSIONAL SKILL DEVELOPMENT FOR YOUTH IN UNDER-RESOURCED COMMUNITIES. | $25,500 |