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← JONES FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by JONES FAMILY FOUNDATION.

Totals

Total revenue
$1,233,529
Total expenses
$1,129,844
Contributions and grants received
$639,604
Grants paid
$867,148
Program service revenue
$0
Investment income
$593,925
Other revenue
$0
Total assets, end of year
$12,595,703
Total liabilities, end of year
$237,573
Net assets or fund balances, end of year
$12,358,130
Program services expenses (Part IX)
$921,173
Management and general expenses
$208,671
Fundraising expenses
$0
Program service expenses (Part III)
$921,173

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $635,575

  • 1f · All other contributions, gifts and grants

    $4,029

  • 1g · Noncash contributions included above

    $635,575

  • 3 · Investment income

    total $205,066 · unrelated business $15,058 · excluded $190,008

  • 7a · Gross sales of assets other than inventory

    securities $301,010,626

  • 7b · Less cost or other basis and sales expenses

    securities $300,621,767

  • 7c · Gain or loss

    securities $388,859

  • 7d · Net gain or loss

    total $388,859 · excluded $388,859

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $867,148 · program services $867,148

  • 11a · Fees: management

    total $184,142 · program services $44,025 · management and general $140,117

  • 11b · Fees: legal

    total $594 · management and general $594

  • 11c · Fees: accounting

    total $4,917 · management and general $4,917

  • 11f · Fees: investment management

    total $47,711 · management and general $47,711

  • 11g · Fees: other

    total $10,000 · program services $10,000

  • 12 · Advertising and promotion

    total $600 · management and general $600

  • 13 · Office expenses

    total $1,018 · management and general $1,018

  • 14 · Information technology

    total $9,483 · management and general $9,483

  • 19 · Conferences, conventions and meetings

    total $3,231 · management and general $3,231

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,000 · management and general $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $147,987 · end of year $207,907

  • 3 · Pledges and grants receivable

    beginning of year $1,029 · end of year $1,000

  • 9 · Prepaid expenses and deferred charges

    end of year $15,000

  • 12 · Investments: other securities

    beginning of year $11,945,831 · end of year $12,371,796

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,932 · end of year $35,573

  • 18 · Grants payable

    beginning of year $160,000 · end of year $202,000

  • 27 · Net assets without donor restrictions

    beginning of year $11,886,915 · end of year $12,358,130

Mission and programs · 2024

Mission

THE MISSION OF THE JONES FAMILY FOUNDATION IS TO IDENTIFY, INITIATE AND SUPPORT ENDEAVORS THAT POSITIVELY IMPACT THE QUALITY OF LIFE IN THE RED WING AREA OF MINNESOTA.

Activities or mission (Part I)

IDENTIFY, INITIATE AND SUPPORT ENDEAVORS THAT POSITIVELY IMPACT THE RED WING AREA OF MINNESOTA.

  • THE JONES FAMILY FOUNDATION PROVIDES GRANTS TO COMMUNITY NONPROFIT ORGANIZATIONS AND INITIATIVES WHICH FIT THE FOUNDATION'S MISSION AND FUNDAMENTAL STRATEGIES TO IMPROVE THE QUALITY OF LIFE IN THE RED WING, MINNESOTA GEOGRAPHIC AREA.

    Expenses $921,173 · Grants $867,148

As filed on the 2024 return.

Listed in Part VII

  • Dan Massett

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Scott Jones

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Anne Jones

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Tim Kelly

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jeremy Wells

    DIRECTOR

    Total calculated
    $337,780
    From this org
    $0
    From related orgs
    $286,370
    Other
    $51,410
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,370 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,131 related
    Nontaxable benefits
    $0 + $21,279 related
    Filer's total
    $0 + $337,780 related
  • Sheila Beckner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rich Bodensteiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pastor Justin Boeding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Neela Mollgaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ethan Seaberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Tauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rachelle Cobb

    SECRETARY

    Total calculated
    $79,074
    From this org
    $0
    From related orgs
    $65,197
    Other
    $13,877
    Hours/week
    35
  • Scott Zastoupil

    VICE TREASURER

    Total calculated
    $312,759
    From this org
    $0
    From related orgs
    $277,724
    Other
    $35,035
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,724 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,241 related
    Nontaxable benefits
    $0 + $6,794 related
    Filer's total
    $0 + $312,759 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • THE COMMUNITY INVESTMENT GROUP

    INVESTMENT · INVESTMENT · MN · 1.01% owned · share of income $593,925 · share of assets $12,371,796

    Directly controlled by SAINT PAUL AND MINNESOTA FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202513009349301676

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