Jolley Foundation
- Assets
- $32.9m
- Revenue
- $1.9m
- Investments
- $29.2m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/1949
- Data as of
- 12/2022
- EIN
- 57-6024996
Organization Overview
Jolley Foundation is located in Las Vegas, NV. The organization was established in 1949. 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. Jolley 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, Jolley Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jolley Foundation has awarded 351 individual grants totaling $16,083,343. 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 |
|---|---|---|---|
Andrew K Christian Co Trustee | 4 | $0 | |
Jolley Bruce Christman Co Trustee | 4 | $0 | |
James M Bruce III Co Trustee | 4 | $0 | |
James M Bruce IV Co Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $724,303 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $989,120 |
| Capital Gain Net Income | $989,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $145,198 |
| Total Revenue | $1,858,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $239,843 |
| Total operating and administrative expenses | $454,404 |
| Contributions, gifts, grants paid | $4,834,273 |
| Total expenses and disbursements | $5,288,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442 |
| Savings and temporary cash investments | $3,278,062 |
| 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 | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,328,654 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,921,437 |
| 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, Jolley Foundation has awarded $4,834,273 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
A CHILDS HAVEN INC PURPOSE: PROVIDING MEDICAL SUPPORT/EDUCATION | $24,000 |
CENTER FOR COMMUNITY SERVICES PURPOSE: GENERAL OPERATIONS | $20,000 |
ALIANZA HISPANA HISPANIC ALLIANCE PURPOSE: GENERAL OPERATIONS | $90,000 |
COMMUNITY FOUNDATION OF GREENVILLE PURPOSE: GENERAL OPERATIONS | $166,000 |
FACES AND VOICES OF RECOVERY PURPOSE: GENERAL OPERATIONS | $75,000 |
FIRST IMPRESSION INC PURPOSE: GENERAL OPERATIONS | $50,000 |