Skip to content
Nonprofiteer
← JONES FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by JONES FAMILY FOUNDATION.

Totals

Total revenue
$426,788
Total expenses
$711,603
Contributions and grants received
$5,191
Grants paid
$482,010
Program service revenue
$0
Investment income
$421,597
Other revenue
$0
Total assets, end of year
$12,265,647
Total liabilities, end of year
$285,342
Net assets or fund balances, end of year
$11,980,305
Program services expenses (Part IX)
$525,640
Management and general expenses
$185,963
Fundraising expenses
$0
Program service expenses (Part III)
$525,640

Program services were 73.9% 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.

  • 1f · All other contributions, gifts and grants

    $5,191

  • 3 · Investment income

    total $240,570 · excluded $240,570

  • 7a · Gross sales of assets other than inventory

    securities $2,018,920

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

    securities $1,837,893

  • 7c · Gain or loss

    securities $181,027

  • 7d · Net gain or loss

    total $181,027 · excluded $181,027

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $482,010 · program services $482,010

  • 11a · Fees: management

    total $142,572 · program services $33,443 · management and general $109,129

  • 11b · Fees: legal

    total $10,755 · management and general $10,755

  • 11c · Fees: accounting

    total $4,630 · management and general $4,630

  • 11f · Fees: investment management

    total $35,279 · management and general $35,279

  • 11g · Fees: other

    total $12,587 · program services $10,187 · management and general $2,400

  • 12 · Advertising and promotion

    total $2,486 · management and general $2,486

  • 13 · Office expenses

    total $3,867 · management and general $3,867

  • 14 · Information technology

    total $11,707 · management and general $11,707

  • 19 · Conferences, conventions and meetings

    total $4,710 · management and general $4,710

  • 24a · Other expenses: ORGANIZATIONAL DUES

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,651 · end of year $422,901

  • 12 · Investments: other securities

    beginning of year $14,168,245 · end of year $11,842,746

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,496 · end of year $34,342

  • 18 · Grants payable

    beginning of year $445,000 · end of year $251,000

  • 27 · Net assets without donor restrictions

    beginning of year $13,918,400 · end of year $11,980,305

Mission and programs · 2022

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 $525,640 · Grants $482,010

As filed on the 2022 return.

Listed in Part VII

  • Dan Massett

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anne Jones

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Jones

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tim Kelly

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Scott Zastoupil

    VICE TREASURER

    Total calculated
    $249,246
    From this org
    $0
    From related orgs
    $220,566
    Other
    $28,680
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,566 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,497 related
    Nontaxable benefits
    $0 + $7,183 related
    Filer's total
    $0 + $249,246 related

  • Rachelle Cobb

    SECRETARY

    Total calculated
    $62,842
    From this org
    $0
    From related orgs
    $51,520
    Other
    $11,322
    Hours/week
    35

  • Sheila Beckner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rich Bodensteiner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pastor Justin Boeding

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neela Mollgaard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ethan Seaberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jay Tauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Wells

    BOARD MEMBER

    Total calculated
    $295,593
    From this org
    $0
    From related orgs
    $251,622
    Other
    $43,971
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,622 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,201 related
    Nontaxable benefits
    $0 + $18,770 related
    Filer's total
    $0 + $295,593 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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study

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 · 1.18% owned · share of income $421,597 · share of assets $11,842,746

    Directly controlled by SAINT PAUL & MINNESOTA FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
27 July 2023
IRS schema version
2022v5.0
Source object
202332409349300128

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.