Jones Trust
- Assets
- $87.2m
- Revenue
- $7.9m
- Investments
- $58.8m
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 71-0718507
Organization Overview
Jones Trust is located in Springdale, AR. The organization was established in 1993. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. 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, Jones Trust generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL AND EDUCATIONAL FACILITIES FOR CITIZENS OF NORTHWEST ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joel Carver Director | 1 | $0 | |
Archie Schaffer III Director | 1 | $0 | |
Betsy Phillips Director | 1 | $0 | |
John George Director | 1 | $0 | |
Adam Arroyos Director | 1 | $0 | |
Curt Stamp Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civitas Inc | 12/30/21 | $808,348 |
Walker Brothers Insurance | 12/30/21 | $178,790 |
Es2 | 12/30/21 | $155,423 |
Benefactor Group | 12/30/21 | $75,102 |
The Grey Barn Llc | 12/30/21 | $60,918 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,651,712 |
| Interest on Savings | $2,041 |
| Dividends & Interest | $2,196,195 |
| Net Rental Income | $1,935,983 |
| Net Gain on Sale of Assets | $2,080,064 |
| Capital Gain Net Income | $2,080,064 |
| Net ST Capital Gain | $38,285 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,362 |
| Total Revenue | $7,926,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $939,365 |
| Pension plans, employee benefits | $88,252 |
| Interest | $0 |
| Taxes | $40,636 |
| Depreciation | $2,465,153 |
| Occupancy | $741,624 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $527,395 |
| Total operating and administrative expenses | $6,139,630 |
| Contributions, gifts, grants paid | $731,497 |
| Total expenses and disbursements | $6,871,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,827 |
| Savings and temporary cash investments | $1,944,337 |
| Net Accounts receivable | $70,914 |
| Net Pledges Receivable | $561,158 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $17,798 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,285 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $25,729,239 |
| Other assets | $0 |
| Total assets | $87,208,961 |
| Accounts payable and accrued expenses | $407,723 |
| Grants payable | $0 |
| Deferred revenue | $13,456 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $421,179 |
Grants Awarded
Over the last fiscal year, Jones Trust has awarded $307,888 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Springdale, AR PURPOSE: PROVIDE FUNDING FOR THE JONES CENTER | $304,888 |
INSEITZ GROUP LLC PURPOSE: PROVIDE FUNDING FOR INSEITZ GROUP, LLC | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Jones Trust has recieved totaling $1,442,845.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE DESIGN COMPLETION OF THE JONES CENTER DESIGN EXCELLENCE PROJECT. | $1,024,520 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE JONES CENTER CAMPUS DESIGN. | $318,325 |
Excellerate Foundation Charitable Support Rogers, AR PURPOSE: OPERATING | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Johnny Morris Foundation Springfield, MO | $120,561,207 | $600,000 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Collective Impact Network Saint Louis, MO | $21,375,860 | $4,592,347 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |