Paula Martin Jones Charities Inc
- Assets
- $2.4m
- Revenue
- $157.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kilgore, TX
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 75-2326989
Organization Overview
Paula Martin Jones Charities Inc is located in Kilgore, TX. The organization was established in 1991. 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. Paula Martin Jones Charities 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 12/2021, Paula Martin Jones Charities Inc generated $157.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $140.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.7%) per year over the past 4 years. 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
LEASES QUALITY FACILITIES TO TWO OTHER 501(C)(3)ORGANIZATIONS FOR NOMINAL AMOUNT PER REGS. SECTION 53.4942(A)-2(C)(3)(II)(F)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruben S Martin III Pres/director | 2 | $0 | |
Bill Bankston Director | 2 | $0 | |
Kelly Mccorkle Asst. Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $97,464 |
| Interest on Savings | $0 |
| 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 | $157,464 |
| 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 | $0 |
| Occupancy | $139,994 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54 |
| Total operating and administrative expenses | $140,048 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $140,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,724 |
| Savings and temporary cash investments | $0 |
| 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 | $2,404,800 |
| Other assets | $0 |
| Total assets | $2,409,524 |
| 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, Paula Martin Jones Charities Inc has awarded $352,465 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ONE HOPE PRESBYTERIAN CHURCH PURPOSE: COMMINUTY LEARNING HOW TOLOVE GOD AND HOW TOLOVE NEIGHBORS AS OURSELVES | $276,141 |
THRIVE 360 PURPOSE: EMPOWERING YOUTH WITH OPPORTUNITIES TO THRIVE IN LIFE | $70,324 |
LONGVIEW CHILD DEVELOPMENT CENTER PURPOSE: SERVING INCOME-ELIGIBLEFAMILIES WITH EDUCATIONALOPORTUNITIES AND QUALITY CHILD CARE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |