Civic Intelligence

Jones Academy Foundation

990 • Fiscal year 2012 • EIN 26-0084734

Oct 01, 2011 to Sep 30, 2012 • Filed on May 08, 2013

PO Box 121074701
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

64th percentile

5.6%

Faster asset growth than 64% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$9,692,625

Up $512,434 (+5.6%) from 2011

Net Assets

Up

$9,686,795

Up $514,688 (+5.6%) from 2011

Liabilities

Down

$5,830

Down $2,254 (-28%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$95,996

Up $11,596 (+14%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $854,385Liabilities 2010: $8,629Net Assets 2010: $845,7562010Assets 2011: $9,180,191Liabilities 2011: $8,084Net Assets 2011: $9,172,1072011Assets 2012: $9,692,625Liabilities 2012: $5,830Net Assets 2012: $9,686,7952012Assets 2013: $10,015,050Liabilities 2013: $11,452Net Assets 2013: $10,003,5982013Assets 2014: $10,620,620Liabilities 2014: $11,344Net Assets 2014: $10,609,2762014Assets 2015: $10,561,273Liabilities 2015: $14,340Net Assets 2015: $10,546,9332015Assets 2016: $12,062,653Liabilities 2016: $8,434Net Assets 2016: $12,054,2192016Assets 2017: $12,540,787Liabilities 2017: $2,130Net Assets 2017: $12,538,6572017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2012

Assets$9,692,625
Liabilities$5,830
Net Assets$9,686,795

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2010: $179,081Expenses 2010: $78,756Net Income 2010: $100,3252010Expenses 2011: $84,4002011Expenses 2012: $95,9962012Expenses 2013: $106,0352013Revenue 2014: $382,731Expenses 2014: $102,902Net Income 2014: $279,8292014Revenue 2015: $976,328Expenses 2015: $90,939Net Income 2015: $885,3892015Revenue 2016: $1,207,824Expenses 2016: $92,632Net Income 2016: $1,115,1922016Revenue 2017: $563,123Expenses 2017: $108,207Net Income 2017: $454,9162017Revenue 2018: $684,554Expenses 2018: $77,895Net Income 2018: $606,6592018

Highlighted filing

2012

Revenue-
Expenses$95,996
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Sep 30, 2012
Signed
May 8, 2013
Return Version
2011v1.5
Gross Receipts
$748,616
Mission and Program Overview

Mission

See attached statement, "purpose for endowment"

Filing and Contact Details

Filer

EIN
26-0084734
Raw XML AppendixShowing 400 of 486 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0TO PROVIDE SCHOLARSHIPS TO JONES ACADEMY GRADUATES WHO WISH TO PURSUE A HIGHER EDUCATION. 35 INDIVIDUALS WERE AWARDED SCHOLARSHIPS DURING FISCAL YEAR ENDED SEPTEMBER 30, 2012 RANGING FROM $50.00 TO $150.00 PER MONTH. SEE ATTACHED SUPPLEMENTAL INFORMATION FOR MORE DETAILS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0INTENDED USE OF ENDOMENT FUNDS ARE TO INSURE THAT SCHOLARSHIPS WILL REMAIN AVAILABLE, EVEN IN THE EVENT OF AN ECONOMIC DOWNTURN.
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IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Part V, Line 4: Intended uses of the endowment fund.
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IRS990ScheduleO/GeneralExplanation/Explanation1AT REGULARLY HELD BOARD MEETING, BOARD REVIEWS A DRAFT OF THE FEDERAL FORM 990. ONCE APPROVED, THE 990 IS THEN PROCESSED FOR FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2Client Note 2 - JONES ACADEMY FOUNDATIONEIN: 26-0084734Attachment to 2011 Form 990 for Tax Year Ending September 30, 2012The following supplemental information is provided for the above-referenced Form 990:Jones Academy Foundation (the Foundation) for its tax year ending September 30,2012 (Form 990 for 2010), satisfied the requirements for public charity status under both IRC 170(b)(1)(A)(vi) and 509(a)(2) and on this Form 990, Schedule A, has marked line 7 as its public charity status. However, the Foundation is not amending prior Form 990s on which it marked line 9 (or its counterpart) as to its public charity status even though it appears to have also qualified for 170(b)(1)(A) status for such prior tax years.The Foundations tax-exempt operations did not change in the tax year of this Form 990 from prior years, but its financial resources to accomplish such tax-exempt operations increased significantly due to its receipt of substantial contributory support during the tax year of this Form 990, a substantial part of which was received from the Choctaw Nation of Oklahoma (the Nation). The Foundations contributory support is detailed on Schedule B, Part 1 of the Form 990.In addition to the contributory support received by the Foundation as reflected on Schedule A, Part II, of the Form 990, the Foundation receives important accounting and administrative services provided without charge by the Nation. The amount of such no-charge service is not broken out by the Nation and for this reason such no-charge services are not included on line 3 of Part II of Schedule A. In future years if the amount of such no-charge services provided by the Nation are broken out, then these will be reported on line 3 (or its counterpart) of future Form 990s.The Nation is a governmental unit within the meaning of IRC 7871 and 170(c)(1) and for purposes of Schedule A, Part II, of the Form 990.
IRS990ScheduleO/GeneralExplanation/Explanation3Client Note 1 - Purpose for EndowmentJones Academy FoundationThe Choctaw Nation, where Jones Academy Foundation is housed and supported, is working on a 100 year vision. Jones Academy is a legacy school of the Choctaw Nation and is therefore part of that vision.At the present time, things are going well for the Choctaw Nation. Leadership includes a Chief, Assistant Chief, and Tribal Council who care a great deal about the people they serve and place a high priority on education. Gaming brings in a steady cash flow. This means the Tribe itself is currently able to meet most of the needs of Jones Academy.The Chief of the Choctaw Nation is an elected official. We can't know the desires or priorities of a Chief who may serve 20, 30, or 100 years from now. Also, future gaming dollars could be lost due to competition or legislation, hampering funding for Jones.An endowment has been set up by Jones Academy Foundation (JAF) to ensure that the school will go on far into the future, regardless of economic or political downturn. The plan is to grow the endowment to sufficient size ($40 million) that the principal might never be touched and only the interest will be used to support the school. Currently, the Choctaw Nation matches donations from the public to the endowment dollar for dollar.The endowment is only one fund within JAF. Other funds, such as the scholarship fund, and librarian fund are distributed according to their guidelines each year, usually using 100% of those funds.There are also individuals who give directly to Jones Academy without going through the foundation. One of the board members gave every child at Jones a $50 gift certificate from Walmart this past Christmas. Another board member sent money directly to the school to be used for Christmas. Yet another board member drives to the school several times a year with a carload of books for the library and will read to the children and have them read to her. Other individuals donate their time, expertise, and resources to better the lives of the children at Jones Academy.To summarize, the endowment is being built in today's good times to be certain Jones Academy can go on even in future bad times.The Choctaw Nation Mission Statement: "To enhance the lives of all members through opportunities designed to develop healthy, successful and productive lifestyles." This is what we want for the children of the 29 tribes represented at Jones Academy.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 11: Form 990 Review Process
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IRS990/StateLegalDomicile0OK
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IRS990/StatesWhereCopyOfReturnIsFiled1WV
IRS990/StatesWhereCopyOfReturnIsFiled2WI
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IRS990/StatesWhereCopyOfReturnIsFiled20MS
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IRS990/StatesWhereCopyOfReturnIsFiled25KY
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IRS990/StatesWhereCopyOfReturnIsFiled29GA
IRS990/StatesWhereCopyOfReturnIsFiled30FL
IRS990/StatesWhereCopyOfReturnIsFiled31DC
IRS990/StatesWhereCopyOfReturnIsFiled32CT
IRS990/StatesWhereCopyOfReturnIsFiled33CO

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