The Joseph E & Marjorie B Jones Foundation
- Assets
- $26.1m
- Revenue
- $1.1m
- Investments
- $25.3m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 52-1628951
Organization Overview
The Joseph E & Marjorie B Jones Foundation is located in Annapolis, MD. The organization was established in 1989. 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. Joseph E & Marjorie 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 12/2022, Joseph E & Marjorie B Jones Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph E & Marjorie B Jones Foundation has awarded 156 individual grants totaling $7,660,743. 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 |
|---|---|---|---|
Joyce Havard President | 0 | $164,200 | |
John Marvin Jones Treasurer | 0 | $1,000 | |
Stephanie Havard Secretary | 0 | $1,000 | |
Donald Havard Director | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,220 |
| Dividends & Interest | $742,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $312,023 |
| Capital Gain Net Income | $312,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,083,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,200 |
| Other employee salaries and wages | $16,115 |
| Pension plans, employee benefits | $68,419 |
| Interest | $0 |
| Taxes | $14,765 |
| Depreciation | $0 |
| Occupancy | $71,391 |
| Travel, conferences, and meetings | $1,110 |
| Printing and publications | $0 |
| Other expenses | $172,933 |
| Total operating and administrative expenses | $515,171 |
| Contributions, gifts, grants paid | $1,379,100 |
| Total expenses and disbursements | $1,894,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,487 |
| Savings and temporary cash investments | $633,720 |
| 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 | $19,929 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,056 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,491 |
| Total assets | $26,092,410 |
| Accounts payable and accrued expenses | $41,804 |
| 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 | $41,804 |
Grants Awarded
Over the last fiscal year, The Joseph E & Marjorie B Jones Foundation has awarded $1,275,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA SEAPORT FOUNDATION PURPOSE: BOATBUILDING APPRENTICE PROGRAM | $60,000 |
BEST KIDS INC PURPOSE: MENTORING FOR YOUTH IN FOSTER CARE | $10,000 |
BCAUSEICAN INC PURPOSE: COMPUTER LITERACY | $25,000 |
BREAD FOR THE CITY PURPOSE: MEDICAL CLINIC | $60,000 |
BYTE BACK PURPOSE: COMPUTER AND JOB READINESS TRAINING | $55,000 |
CHESAPEAKE BAY FOUNDATION INC PURPOSE: MD SCHOOLS ENVRONMENTAL EDUCATION | $125,000 |