Erik Jones Foundation

Tax-deductible

Birmingham, MI501(c)(3)Since 2021EducationEIN 86-3570009Revenue $287K in FY2025

On file with the IRSerikjonesracing.com/foundation370 East Maple Rd Third Floor, 48009-6303 · Birmingham, MITax-exempt since Sep 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To change lives by igniting childrens passion for reading, encouraging early cancer detection and care, and promoting animal welfare.

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
Run by 5 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $21K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$287K
+18% vs prior year
Spent
$268K
To programs
54%
Net assets
$41K
By yearFY2022–FY2025
Revenue
$287K
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2022$185K
FY2023$175K
FY2024$243K
FY2025$287K
Expenses
$268K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2022$38K
FY2023$278K
FY2024$282K
FY2025$268K
Net assets
$41K
FY2025▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2022$163K
FY2023$60K
FY2024$21K
FY2025$41K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $144K Management & general 19% · $51K Fundraising 27% · $73K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President / Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Erik Jones Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Ignite children's reading passion, promote cancer care, and support animal welfare through social programs and funding.

Provided by the organization

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1 program · $144K · in their own filed words · FY2025
01

Various program services

$144Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$21K
See all 4 funders →
Grants paid · 16 grants · $240K · 2022–2025
Superior Health FoundationMI · FY2025$20,000
Shiawassee Regional Education Service DistrictFY2025$20,000
Atrium Health INCNC · FY2024$25,000
Hurley FoundationMI · FY2024$20,000
Motor Racing Outreach INCNC · FY2024$12,900
Communication Is Key AacMI · FY2024$12,000
Adopt-A-Pet INCNJ · FY2023$25,000
Atrium HealthNJ · FY2023$20,000
Individual RecipientFY2022$20,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$287K
Ln 12
Gifts and grantsLn 1h$179K
Other incomeLn 4–11$106K
Investment incomeLn 3$1K
Money outPt IX
$268K
Ln 25
Programscol B$144K
Managementcol C$51K
Fundraisingcol D$73K
Owns and owesPt X
$41K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$53K
LiabilitiesLn 26$12K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$179K
Investment incomeLn 3$1K
Other incomeLn 4–11$106K
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$244
Cash and savings togetherLn 1–2$53K
Land, buildings, equipmentLn 10c$79
Total assetsLn 16$53K
LiabilitiesLn 26$12K
Net assetsLn 32$41K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$29K$53K
Land, buildings, equipmentLn 10c$131$79
Total assetsLn 16$29K$53K
LiabilitiesLn 26$8K$12K
Net assetsLn 32$21K$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$94K$94K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$112K$34K$34K$45K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K$3K$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$5K$2K$2K$2K
Information technologyLn 14$8K$2K$2K$3K
RoyaltiesLn 15$0
OccupancyLn 16$8K$2K$4K$2K
TravelLn 17$5K$4K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K$401$401$536
InterestLn 20$24$24
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$52$52
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$19K$2K$4K$14K
All other expensesLn 24e$0
Total functional expensesLn 25$268K$144K$51K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $287K$268K$18K$41K 990 PDF
FY2024 $243K$282K−$39K$21K 990 PDF
FY2023 $175K$278K−$103K$60K 990 PDF
FY2022 $185K$38K$147K$163K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $286,636 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,977$179,367
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,713$1,427
I-11 Other revenuePrior year $159,399$105,842
I-12 Total revenuePrior year $243,089$286,636
I-13 Grants and similar amounts paidPrior year $109,400$93,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $121,227$121,215
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,791$53,574
I-18 Total expensesPrior year $282,418$268,289
I-19 Revenue less expensesPrior year −$39,329$18,347
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $286,636 across 5 lines filed
VIII-1f All other contributions, gifts and grants$179,367
VIII-1h Total contributions, gifts and grants$179,367
VIII-3 Investment income$1,427
VIII-8 Net income from fundraising events$105,842
VIII-12 Total revenue$286,636
Part IX · Statement of functional expenses $268,289 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $93,500$93,500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $33,750 · Management $33,750 · Fundraising $45,000$112,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,615 · Management $2,615 · Fundraising $3,485$8,715
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,805$2,805
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $2,185 · Fundraising $2,185$4,370
IX-13 Office expensesPrograms $1,615 · Management $1,615 · Fundraising $2,153$5,383
IX-14 Information technologyPrograms $2,276 · Management $2,276 · Fundraising $3,035$7,587
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,950 · Management $3,900 · Fundraising $1,950$7,800
IX-17 TravelPrograms $3,668 · Fundraising $1,223$4,891
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $401 · Management $401 · Fundraising $536$1,338
IX-20 InterestManagement $24$24
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $52$52
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,672 · Management $3,874 · Fundraising $13,778$19,324
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $143,632 · Management $51,312 · Fundraising $73,345$268,289
Part X · Balance sheet $53,102 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $26,833$52,779
X-2 Savings and temporary cash investmentsStart of year $2,054$244
X-10c Land, buildings and equipment, netStart of year $131$79
X-16 Total assetsStart of year $29,018$53,102
X-17 Accounts payable and accrued expensesStart of year $8,363$12,316
X-26 Total liabilitiesStart of year $8,363$12,316
X-32 Total net assets or fund balancesStart of year $20,655$40,786
X-33 Total liabilities and net assetsStart of year $29,018$53,102
Part XI · Reconciliation of net assets $40,786 net assets at year end
XI-1 Total revenue$286,636
XI-2 Total expenses$268,289
XI-3 Revenue less expenses$18,347
XI-4 Net assets at start of year$20,655
XI-5 Net unrealized gains (losses) on investments$1,562
XI-9 Other changes in net assets$222
XI-10 Net assets at end of year$40,786

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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