The Jonas Foundation
- Assets
- $5.6m
- Revenue
- $296.5k
- Investments
- $5.6m
- Employees
- 0
- Location
- Lenoir, NC
- Founding
- 02/1986
- Data as of
- 06/2023
- EIN
- 56-1459346
Organization Overview
The Jonas Foundation is located in Lenoir, NC. The organization was established in 1986. 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. Jonas 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 06/2023, Jonas Foundation generated $296.5k 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 (13.7%) each year. All expenses for the organization totaled $635.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jonas Foundation has awarded 157 individual grants totaling $4,593,283. 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 |
|---|---|---|---|
Ag Jonas President/treasurer | 1 | $0 | |
Joyce Bumgarner Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,501 |
| Dividends & Interest | $374,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,156 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $296,489 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,250 |
| Contributions, gifts, grants paid | $633,133 |
| Total expenses and disbursements | $635,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,732 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,642,665 |
| 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, The Jonas Foundation has awarded $633,133 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMOREM PURPOSE: PROGRAM CONTRIBUTIONS | $60,000 |
CALDWELL COMMUNITY COLLEGE FOUNDATION PURPOSE: CAMPAIGN CONTRIBUTIONS | $12,500 |
CALDWELL COUNTY HABITAT FOR HUMANITY PURPOSE: CONTRIBUTIONS | $15,000 |
CALDWELL COUNTY UNITED WAY PURPOSE: CAMPAIGN CONTRIBUTIONS | $25,000 |
CALDWELL COUNTY YOKEFELLOW PURPOSE: CONTRIBUTIONS | $66,022 |
CALDWELL MEMORIAL HOSPITAL FOUDATION PURPOSE: CONTRIBUTIONS | $150,000 |