Allan Jones Foundation
- Assets
- $198.9k
- Revenue
- $103.0k
- Investments
- $13.9k
- Employees
- 0
- Location
- Cleveland, TN
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 62-1859939
Organization Overview
Allan Jones Foundation is located in Cleveland, TN. The organization was established in 2001. 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. Allan 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, Allan Jones Foundation generated $103.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $77.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Allan Jones Foundation has awarded 150 individual grants totaling $1,611,318. 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 |
|---|---|---|---|
W Allan Jones Chairman | 2 | $0 | |
Janie P Jones Secretary | 1 | $0 | |
Will Jones Director | 1 | $0 | |
Toby Pendegrass Executive Director | 1 | $0 | |
Bailey Jones Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,042 |
| Capital Gain Net Income | $23,042 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $477 |
| Taxes | $373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $477 |
| Total operating and administrative expenses | $5,242 |
| Contributions, gifts, grants paid | $72,317 |
| Total expenses and disbursements | $77,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,000 |
| 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 | $180,013 |
| Total assets | $198,936 |
| Accounts payable and accrued expenses | $3,057 |
| 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 | $4,984 |
| Total liabilities | $8,041 |
Grants Awarded
Over the last fiscal year, Allan Jones Foundation has awarded $72,317 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BILL RALSTON PURPOSE: WELFARE ASSISTANCE | $5,000 |
BRADLEY PRIDE WRESTLING CLUB PURPOSE: OPERATING FUNDS | $22,700 |
BOYS AND GIRLS CLUB OF CLEVELAND PURPOSE: MEMORIAL FUNDS | $510 |
CASA PURPOSE: OPERATING FUNDS | $625 |
CLEVELAND WRESTLING CENTER PURPOSE: OPERATING FUNDS | $10,000 |
HIGHER CALLING KIDS WRESTLING CLUB PURPOSE: OPERATING FUNDS | $20,000 |