Jones Family Foundation
- Assets
- $13.2m
- Revenue
- $504.1k
- Investments
- $12.7m
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 12/2011
- Data as of
- 12/2020
- EIN
- 45-3069865
Organization Overview
Jones Family Foundation is located in Saint Paul, MN. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 Family 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 12/2020, Jones Family Foundation generated $504.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $792.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jones Family Foundation has awarded 104 individual grants totaling $4,010,947. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY, INITIATE AND SUPPORT ENDEAVORS THAT POSITIVELY IMPACT THE RED WING AREA OF MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JONES FAMILY FOUNDATION PROVIDES GRANTS TO COMMUNITY NONPROFIT ORGANIZATIONS AND INITIATIVES WHICH FIT THE FOUNDATION'S MISSION AND FUNDAMENTAL STRATEGIES TO IMPROVE THE QUALITY OF LIFE IN THE RED WING, MINNESOTA GEOGRAPHIC AREA.
EVERY HAND JOINED IS A COMMUNITY-WIDE COLLECTIVE IMPACT INITIATIVE INITIATED BY THE JONES FAMILY FOUNDATION IN 2012 TO INCREASE CHILDREN'S READINESS FOR SCHOOL, RAISE STUDENT OUTCOMES AND PREPARE OUR COMMUNITY'S YOUTH FOR A CHANGING ECONOMY. EVERY HAND JOINED IS A TRUE COMMUNITY COLLABORATIVE WITH THE JONES FAMILY FOUNDATION PROVIDING STAFFING AND OTHER OPERATING EXPENSES (KNOWN AS BACKBONE EXPENSES) FOR THE INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Massett Board Chair | OfficerTrustee | 1 | $0 |
Anne Jones Co-Vice Chair | OfficerTrustee | 1 | $0 |
Scott Jones Co-Vice Chair | OfficerTrustee | 1 | $0 |
Tim Kelly Treasurer | OfficerTrustee | 1 | $0 |
Scott Zastoupil Vice Treasurer | Officer | 1 | $0 |
Rachelle Cobb Secretary | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,160 |
| Investment income | $177,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $198,213 |
| Fees for services: Legal | $544 |
| Fees for services: Accounting | $4,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,245 |
| Fees for services: Other | $72,786 |
| Advertising and promotion | $973 |
| Office expenses | $14,380 |
| Information technology | $2,772 |
| Royalties | $0 |
| Occupancy | $501 |
| Travel | $423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $792,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,703,471 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,229,780 |
| Accounts payable and accrued expenses | $80,661 |
| Grants payable | $122,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $203,161 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,026,619 |
Grants Awarded
Over the last fiscal year, Jones Family Foundation has awarded $1,282,171 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Red Wing, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $480,713 |
Red Wing, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $300,000 |
Winona, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $219,312 |
INDEPENDENT SCHOOL DISTRICT #256 PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $46,000 |
Red Wing, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $41,000 |
Minneapolis, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jones Family Foundation has recieved totaling $46,600.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $20,300 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $20,300 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |