Jones Day Foundation

EIN: 341570455 501(c)(3)

Cleveland, OH

Total Revenue
$426,543
Total Expenses
$6,417,947
Total Assets
$8,858,312
Net Assets
$8,858,312
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
OH
Principal Officer
CHRIS KELLY
Phone
2165867028
Tax Period
2023-01-01 to 2023-12-31

Jones Day Foundation, founded in 1987, is a small nonprofit that reported $427K in total revenue in fiscal year 2023. Revenue surged 5171% from the prior year, signaling strong growth momentum. Expenses of $6.4M exceeded revenue, resulting in a 1405% operating deficit.

Mission

IN FURTHERANCE OF THE PURPOSES SET FORTH IN OUR ARTICLES OF INCORPORATION, WE ENGAGE IN GRANT-MAKING AROUND THE WORLD, INCLUDING THE COMMUNITIES IN WHICH WE LIVE AND WORK. OUR PHILANTHROPY IS DIRECTED TO ORGANIZATIONS THAT: - PROMOTE THE RULE OF LAW, INCLUDING THE ADVANCEMENT OF CIVIL AND HUMAN RIGHTS, - FOSTER INNOVATION IN ACADEMICS, MEDICINE AND THE ARTS, - IMPROVE LIVING CONDITIONS AND ECONOMIC OPPORTUNITIES FOR PEOPLE IN IMPOVERISHED SETTINGS (PARTICULARLY CHILDREN AND WOMEN), AND - PROVIDE SUPPORT AND COMFORT TO PEOPLE SUFFERING FROM NATURAL AND OTHER DISASTERS.

Program Service Accomplishments

Program 1
Expenses: $770,150

We contributed to the Hope for a Healthier Humanity Foundation, Inc. for use in (a) funding programs to address poverty in rural zones of Central America, (b) funding the El Salvador Health...

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We contributed to the Hope for a Healthier Humanity Foundation, Inc. for use in (a) funding programs to address poverty in rural zones of Central America, (b) funding the El Salvador Health, Education and Nutritional Interventions project, (c) funding the Honduras Health, Education and Nutrition Interventions project and (d) funding sustainable, locally-provided health care and nutrition services in Guatemala.

Program 2
Expenses: $500,000

We contributed to the Inner-City Scholarship Fund for use in providing financial aid to inter-city children in New York City who wish to attend Catholic school through high school.

Program 3
Expenses: $500,000

We contributed to the John Jay College Foundation, Inc. to help fund scholarships for NYPD officers.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,500
Program Service Revenue $0
Investment Income $421,043
Other Revenue $0
TOTAL REVENUE $426,543

Expense Breakdown

Grants Paid $6,416,033
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,416,033
Other Expenses $1,914
TOTAL EXPENSES $6,417,947

Year-over-Year Comparison

2023 2022 Change
Revenue $426,543 $8,092 +51.7%
Expenses $6,417,947 $13,619,812 -0.5%
Net Income $-5,991,404 $-13,611,720 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS KELLY PRESIDENT/TRUSTEE 0.75
Officer Director
$0 $0 $0
MARY ELLEN POWERS VICE PRESIDENT/TRUSTEE 0.5
Officer Director
$0 $0 $0
MIN CHI A ANGEL HUANG TRUSTEE 0.5
Director
$0 $0 $0
LUIS RIESGO TRUSTEE 0.5
Director
$0 $0 $0
MARCO LOMBARDI TRUSTEE 0.5
Director
$0 $0 $0
CHRISTOPHER LOVRIEN TRUSTEE 0.5
Director
$0 $0 $0
JOHN R PHILLIPS TRUSTEE 0.5
Director
$0 $0 $0
PETER J WANG TRUSTEE 0.5
Director
$0 $0 $0
KEVYN ORR TRUSTEE 0.5
Director
$0 $0 $0
SOPHIE HAGEGE TRUSTEE 0.5
Director
$0 $0 $0
TINA TABACCHI TRUSTEE 0.5
Director
$0 $0 $0
SUSHMA JOBANPUTRA TRUSTEE 0.5
Director
$0 $0 $0
ELENA KAPLAN SECRETARY 2.5
Officer
$0 $0 $0
KIM M MCFARLANE TREASURER 0.5
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $426,543 $6,417,947 $8,858,312 $-5,991,404
2022 $8,092 $13,619,812 $14,849,716 $-13,611,720
2021 $10,012,679 $7,669,160 $28,461,436 $2,343,519
2020 $26,605,395 $5,301,457 $26,117,917 $21,303,938
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