Joe Jones Memorial Foundation
Joe Jones Memorial Foundation operates with minimal revenue and significant liabilities.
EIN: 203058952 · Elm Grove, LA · NTEE: B82 · Updated: 2026-03-28
Is Joe Jones Memorial Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joe Jones Memorial Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joe Jones Memorial Foundation
Joe Jones Memorial Foundation (EIN: 203058952) is a nonprofit organization based in Elm Grove, LA, classified under NTEE code B82. The organization reported total revenue of $20 and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joe Jones Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joe Jones Memorial Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Joe Jones Memorial Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all filings, indicating that the organization's leadership is unpaid. This is a positive sign for resource allocation, especially given the organization's extremely small size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Joe Jones Memorial Foundation's IRS 990 filings:
- Significant liabilities consistently exceeding assets (e.g., $7,748 liabilities vs. $1,248 assets in 2023).
- Extremely low revenue ($20 in 2023, $1 in 2022 and 2021) indicating minimal operational activity or support.
- Inconsistent expense reporting, with periods of zero expenses despite some revenue, and other periods with expenses far exceeding revenue.
Strengths
The following positive indicators were identified for Joe Jones Memorial Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership.
Frequently Asked Questions about Joe Jones Memorial Foundation
Is Joe Jones Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Joe Jones Memorial Foundation (EIN: 203058952) significant concerns. Mission Score: 30/100. 3 red flags identified, 1 strength noted.
How does Joe Jones Memorial Foundation spend its money?
Joe Jones Memorial Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joe Jones Memorial Foundation tax-deductible?
Joe Jones Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 203058952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Joe Jones Memorial Foundation financially stable?
No, the foundation is not financially stable. Its liabilities ($7,748 in 2023) significantly exceed its assets ($1,248 in 2023), and its revenue is extremely low ($20 in 2023).
What is the primary source of funding for the foundation?
The filings do not provide specific details on funding sources, but the reported revenue has been consistently very low, ranging from $1 to $20 in recent years, suggesting minimal external support or activity.
Does the foundation have any paid staff?
Based on the 0% officer compensation reported across all filings, it appears the foundation does not have paid executive staff. The filings do not provide information on other potential paid staff.
Filing History
IRS 990 filing history for Joe Jones Memorial Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Joe Jones Memorial Foundation's revenue has grown by 900%, moving from $2 to $20. Total assets increased by 150.6% over the same period, from $498 to $1K. Total functional expenses fell by 99.1%, from $2K to $20. In its most recent filing year (2023), Joe Jones Memorial Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $8K in liabilities against $1K in assets (debt-to-asset ratio: 620.8%), resulting in net assets of $-6,500.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $20 | $20 | $1K | $8K | — | — |
| 2022 | $1 | $0 | $398 | $7K | — | View 990 |
| 2021 | $1 | $0 | $398 | $7K | — | — |
| 2020 | $1 | $9 | $397 | $7K | — | — |
| 2019 | $6 | $23 | $305 | $7K | — | — |
| 2015 | $1 | $825 | $1K | $4K | — | View 990 |
| 2014 | $2 | $2K | $498 | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20, expenses of $20, and assets of $1K (revenue +1900.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $398 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $398 (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $9, and assets of $397 (revenue -83.3% year-over-year).
- 2019: Revenue of $6, expenses of $23, and assets of $305 (revenue +500.0% year-over-year).
- 2015: Revenue of $1, expenses of $825, and assets of $1K (revenue -50.0% year-over-year).
- 2014: Revenue of $2, expenses of $2K, and assets of $498.
Data Sources and Methodology
This transparency report for Joe Jones Memorial Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.