Homer A & Ida S Jones Trust
- Assets
- $616.9k
- Revenue
- $118.2k
- Investments
- $605.0k
- Employees
- 0
- Location
- Bristol, TN
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 58-1535978
Organization Overview
Homer A & Ida S Jones Trust is located in Bristol, TN. The organization was established in 1984. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Homer A & Ida S Jones Trust 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 12/2021, Homer A & Ida S Jones Trust generated $118.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $223.5k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 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 2015, Homer A & Ida S Jones Trust has awarded 46 individual grants totaling $701,276. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana J Mawhinney Trustee | 0.2 | $0 | |
Sara J Konhaus Trustee | 0.2 | $0 | |
Nell King Bieger Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,513 |
| Capital Gain Net Income | $107,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46 |
| Total operating and administrative expenses | $15,537 |
| Contributions, gifts, grants paid | $208,000 |
| Total expenses and disbursements | $223,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,704 |
| 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 | $605,035 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,206 |
| Total assets | $616,945 |
| 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, Homer A & Ida S Jones Trust has awarded $208,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF BRISTOL PURPOSE: CAPITAL IMPROVEMENTS | $60,000 |
Knoxville, TN PURPOSE: HOMER A JONES WILLS CLINIC SUPPORT ENDOWMENT | $50,000 |
Fairfield, IA PURPOSE: CONSCIOUSNESS-BASED PROJECTS | $40,000 |
Fairfield, IA PURPOSE: GENERAL PURPOSE OF ORGANIZATION | $25,000 |
Bristol, VA PURPOSE: HOMER AND IDA JONES CREATIVITY CENTER | $10,000 |
Evanston, IL PURPOSE: GENERAL PURPOSE OF ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |