Jolley Foundation Inc
- Assets
- $246.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, TN
- Founding
- Data as of
- 12/2023
- EIN
- 86-3329773
Organization Overview
Jolley Foundation Inc is located in Morristown, TN. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jolley 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.
Since 2021, Jolley Foundation Inc has awarded 24 individual grants totaling $198,578. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED CASH TO 27 SPECIAL EDUCATION TEACHERS IN HAMBLEN COUNTY FOR CLASSROOM SUPPLIES AND 175 RESTAURANT MEAL VOUCHERS TO EXPRESS APPRECIATION TO THE SPECIAL EDUCATION TEACHERS AND AIDES.
THE FOUNDATION PAID ADDITIONAL EXPENSES IN 2023 RELATED TO THE JOLLEY PARK, WHICH WAS TRANSFERRED TO THE CITY OF MORRISTOWN PARKS & RECREATION IN 2022.
THE FOUNDATION PAID FOR NEW CLOTHING FOR ABOUT 25 HIGH SCHOOL STUDENTS WHO NEEDED BUSINESS ATTIRE FOR A BUSINESS CLASS PRESENTATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce W Jolley President | 2 | $0 | |
Randall Jolley Secretary | 6 | $0 | |
Kellie Kitts Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $565 |
| Total operating and administrative expenses | $5,690 |
| Contributions, gifts, grants paid | $154,018 |
| Total expenses and disbursements | $159,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,304 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $246,304 |
| 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, Jolley Foundation Inc has awarded $154,018 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
HAMBLEN CO DEPT OF EDUCATION PURPOSE: SPECIAL EDUCATION PROGRAM | $1,000 |
KIWANIS CLUB OF MORRISTOWN PURPOSE: VARIOUS CHARITABLE ACTIVITIES | $500 |
HAMBLEN COUNTY SPECIAL OLYMPICS PURPOSE: SPECIAL OLYMPICS | $5,500 |
BOYS & GIRLS CLUB OF MORRISTOWN PURPOSE: FOOD TRUCK | $5,000 |
DEDRA KLOTZBACH PURPOSE: MEDICAL & LIVING EXPENSES | $5,000 |
LAKEWAY AREA FCA PURPOSE: STUDENT PROGRAMS | $250 |