Emma Eccles Jones Endowment Fund FY2021 filing

Des Moines, IAUnknown exempt organizationEIN 87-6218016Revenue $2.3M in FY2021

On file with the IRSPo Box 10316 · Des Moines, IA

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Invest assets and distribute income to the university of utah

94¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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 5
filings with a surplus
Average surplus $883K a year · 54% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$1.1M
To programs
94%
Net assets
$16.4M
By yearFY2021–FY2025
Revenue
$2.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$4.7M
FY2023$1.0M
FY2024$201K
FY2025$4K
Expenses
$1.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$306K
FY2025$81K
Net assets
$16.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$16.4M
FY2022$20.0M
FY2023$19.8M
FY2024$77K
FY2025$0

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.0M Management & general 6% · $60K

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

1 person listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$64,547Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Principal Financial Group—$33,962$60,940$68,960—
Wells Fargo————$64,547
Principal Bank - Pcs Tax$12,500————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests assets and distributes income to the University of Utah.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2020
01

Invest assets and distribute income to the university of utah

$1.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $3.5M · 2020–2024
University of UtahUT · FY2024$68,403
University of UtahUT · FY2023$271,976
University of UtahUT · FY2022$1,087,904
University of UtahUT · FY2021$1,098,942
University of UtahUT · FY2020$1,022,343

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Investment incomeLn 3$2.3M
Other incomeLn 4–11$14K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$60K
Owns and owesPt X
$16.4M
net assets · Ln 32
Cash and savingsLn 1–2$784K
Total assetsLn 16$16.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2.3M
Other incomeLn 4–11$14K
Gains on assetsLn 7$1.8M
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
SavingsLn 2$784K
Cash and savings togetherLn 1–2$784K
InvestmentsLn 11–13$15.6M
Total assetsLn 16$16.4M
LiabilitiesLn 26$0
Net assetsLn 32$16.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$590K$784K
InvestmentsLn 11–13$14.6M$15.6M
Total assetsLn 16$15.2M$16.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$15.2M$16.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Pay of current officers, directors and key staffLn 5$65K$6K$58K
Other fees for servicesLn 11g$0$0
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$1.1M$1.0M$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4K$81K−$77K$0 990 PDF
FY2024 $201K$306K−$105K$77K 990 PDF
FY2023 $1.0M$1.2M−$142K$19.8M 990 PDF
FY2022 $4.7M$1.2M$3.5M$20.0M 990 PDF
FY2021 Viewing $2.3M$1.1M$1.2M$16.4M 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 FY2021 990 (6 parts)
Part I · Summary $2,295,239 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,128,650$2,281,323
I-11 Other revenue$13,916
I-12 Total revenuePrior year $1,128,650$2,295,239
I-13 Grants and similar amounts paidPrior year $974,186$1,022,343
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,318$64,548
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,638$2,121
I-18 Total expensesPrior year $1,036,142$1,089,012
I-19 Revenue less expensesPrior year $92,508$1,206,227
Part VI · Governance 0 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,295,239 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $457,064$457,064
VIII-7 Net gain or loss on sales of assetsUnrelated business $0 · Excluded from tax $1,824,259$1,824,259
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $13,916$13,916
VIII-12 Total revenueUnrelated business $0 · Excluded from tax $2,295,239$2,295,239
Part IX · Statement of functional expenses $1,089,012 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $1,022,343$1,022,343
IX-5 Pay of current officers, directors and key staffPrograms $6,455 · Management $58,093$64,548
IX-11g Other fees for servicesManagement $0$0
IX-24 Other expenses (24a–d)Management $2,121$2,121
IX-25 Total functional expensesPrograms $1,028,798 · Management $60,214 · Fundraising $0$1,089,012
Part X · Balance sheet $16,417,649 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $589,818$784,417
X-11 Publicly traded securitiesStart of year $14,617,229$15,633,232
X-16 Total assetsStart of year $15,207,047$16,417,649
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $15,207,047$16,417,649
X-33 Total liabilities and net assetsStart of year $15,207,047$16,417,649
Part XI · Reconciliation of net assets $16,417,649 net assets at year end
XI-1 Total revenue$2,295,239
XI-2 Total expenses$1,089,012
XI-3 Revenue less expenses$1,206,227
XI-4 Net assets at start of year$15,207,047
XI-9 Other changes in net assets$4,375
XI-10 Net assets at end of year$16,417,649

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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