Jones Harrison Foundation EIN 36-3414818

Jones Harrison Foundation

EIN  36-3414818 Supporting organization Minneapolis, MN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides support for the Jones-Harrison Residence.
Leadership
Michael Olafson · Board Chair
Money in and out
$198K revenue, $89K expenses
Bottom line
+55% net inflow

Provides support for the Jones-Harrison Residence. For fiscal year 2024 it reported $198K in revenue, $89K in expenses, and $7.2M in net assets.Pt I

Money in and out · FY2024
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$89K
Pt IX · Ln 25
Net assets
$7.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Net inflow
+55%
revenue over expenses, this year▼ -30% vs prior filing year
Pass-through gifts
33%
of revenue from contributions▲ +238% vs prior filing year
Program spending
76%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$198K
FY2024▲ +53%
Expenses
$89K
FY2024▲ +226%
Total assets
$7.2M
FY2024▲ +1%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$89K
Pt IX · Ln 25
Net assets
$7.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$7.2M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $67K of program spending, described in the organization's own filed words · FY2023.
01

Jones-harrison foundation is a non-profit corporation formed for the purpose of maintaining and accumulating funds for the development and expansion of ideals and purposes of jones-harrison residence. In 2024, this support was for development costs.

$67Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJones Harrison Foundation
EINHdr · item D36-3414818
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jwww.jones-harrison.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P110)
Ruling yearIRS BMFFeb 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Jones Harrison Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$133K · 67%
Contributions & grants$65K · 33%
Investment income67%$133K
Contributions & grants33%$65K
Total revenueLn 12$198K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$67K
Management & general24%$22K
Total functional expensesLn 25$89K

Balance Sheet

Part X · end of year
CashLn 1$4.0M
Total assetsLn 16$7.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$7.2M
Months of cash on handcomputed537.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.0M · Operating expenses/yr $89K
537.7 months
Where the money goes
Program services
Program services $67K · Total expenses $89K
76%
Management & General
Management & general $22K · Total expenses $89K
24%
Fundraising
Fundraising $0 · Total expenses $89K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $523 · Solicited contributions (3-yr avg) $45K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $65K · Total revenue $198K
33%
Government reliance
Government grants — · Total revenue $198K
Earned-income share
Program service revenue $0 · Total revenue $198K
0%
Investment reliance
Investment income $133K · Total revenue $198K
+67%
Program self-sufficiency
Program service revenue $0 · Total expenses $89K
0%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year $129K
+53%
Revenue CAGR
FY2019 $238K · FY2023 $198K
-4%
Net-asset trend (YoY)
End of year $7.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $198K · Expenses $89K
+55%
Liabilities-to-Assets
Total liabilities — · Total assets $7.2M
Net-asset ratio
Net assets $7.2M · Total assets $7.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Olafson · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $89K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $89K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 53%
Investment management fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$2K
Grants paid · 3 grants · $273K · 2019–2021

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$198K revenue · viewing · ⤓ 990 PDF
FY2023$129K revenue · ⤓ 990 PDF
FY2022$462K revenue · ⤓ 990 PDF
FY2021$358K revenue · ⤓ 990 PDF
FY2020$238K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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