The Jones Educational Foundation Inc
- Assets
- $1.3m
- Revenue
- $306.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerset, KY
- Founding
- 09/2008
- Data as of
- 07/2022
- EIN
- 61-6312867
Organization Overview
The Jones Educational Foundation Inc is located in Somerset, KY. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Educational Foundation Inc 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 07/2022, Jones Educational Foundation Inc generated $306.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $45.1k during the year ending 07/2022. While expenses have increased by 24.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Polk Director | 5 | $0 | |
Sandra Simon Chair And CEO | 30 | $0 | |
Bryan Denney Director | 5 | $0 | |
Jenny Williams Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $306,142 |
| Interest on Savings | $433 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306,575 |
| 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 | $9,322 |
| Occupancy | $16,929 |
| Travel, conferences, and meetings | $11,076 |
| Printing and publications | $449 |
| Other expenses | $7,348 |
| Total operating and administrative expenses | $45,124 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $45,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,417 |
| Savings and temporary cash investments | $39,738 |
| 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 | $259,570 |
| Other assets | $23,842 |
| Total assets | $1,305,567 |
| 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 Jones Educational Foundation Inc has awarded $11,400 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MACEY HUDSON PURPOSE: SCHOLARSHIP | $5,000 |
SOMERSET HIGH SCHOOL BAND BOOSTERS PURPOSE: SCHOLARSHIP FUND | $2,800 |
AMANDA BALLTRIP PURPOSE: SCHOLARSHIP | $1,500 |
KYLE BELL PURPOSE: SCHOLARSHIP | $1,200 |
ST JUDES CHILDRENS HOSPITAL PURPOSE: DONATION TO SUPPORTRESEARCH AND TREATMENT | $600 |
FIRST PRESBYTERIAN CHURCH PURPOSE: CHRISTMAS MISSION FUND | $200 |
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