GREG AND KAREN JONES FAMILY FOUNDATION: Form 990PF, tax year 2023

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Organization: GREG AND KAREN JONES FAMILY FOUNDATION (EIN 47-3240379)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-05-13
IRS object ID: 202401349349101960
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Decreases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-13T12:51:01-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	475548433	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	REDSTONE CPA GROUP LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4465 KIPLING ST STE 106	AddressLine1Txt
City	WHEAT RIDGE	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	800332810	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	473240379	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE GREG AND KAREN JONES	BusinessNameLine1Txt
Business Name Line2	FAMILY FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	GREG	BusinessNameControlTxt
Phone	3039473260	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10506 W SUNDANCE MOUNTAIN	AddressLine1Txt
City	LITTLETON	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80127	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	WILLIAM MICHAEL JONES	PersonNm
Person Title	BOARD MEMBER	PersonTitleTxt
Phone	3039473260	PhoneNum
Signature	2024-05-09	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	WILLIAM	PersonFirstNm
Person Last	JONES	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CAROL A MEIER CPA	PreparerPersonNm
PTIN	P00502964	PTIN
Phone	3034227139	PhoneNum
Preparation	2024-05-13	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$140,856	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$100,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$177	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$177	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$1,453	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,453	DividendsNetInvstIncmAmt
Total Rev And Expnss	$101,630	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,630	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,845	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$922	AccountingFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$1,845	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$922	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$40,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$40,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$41,845	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$922	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$40,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$59,785	ExcessRevenueOverExpensesAmt
Net Investment Income	$708	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$2,108	CashBOYAmt
Cash EOY	$11,482	CashEOYAmt
Cash EOYFMV	$11,483	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$44,543	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$94,934	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$129,373	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$46,651	TotalAssetsBOYAmt
Total Assets EOY	$106,416	TotalAssetsEOYAmt
Total Assets EOYFMV	$140,856	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$46,651	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$106,416	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$46,651	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$106,416	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$46,651	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$106,416	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$46,651	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$59,785	ExcessRevenueOverExpensesAmt
Subtotal	$106,436	SubtotalAmt
Other Decreases	$20	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$106,416	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$10	InvestmentIncomeExciseTaxAmt
Subtotal	$10	SubtotalAmt
Tax Based On Investment Income	$10	TaxBasedOnInvestmentIncomeAmt
Tax Due	$10	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CO	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	WILLIAM MICHAEL JONES	IndividualWithBooksNm
Phone	3039473260	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	10506 W SUNDANCE MOUNTAIN	AddressLine1Txt
City	LITTLETON	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80127	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
GREGORY ERLE JONES
3 GOLDEN EAGLE LANE	LITTLETON	CO	80127	BOARD MEMBER	0.25	$0	$0	$0
WILLIAM MICHAEL JONES
10506 W SUNDANCE MOUNTAIN	LITTLETON	CO	80127	BOARD MEMBER	0.25	$0	$0	$0
KAREN SALTER JONES
3 GOLDEN EAGLE LANE	LITTLETON	CO	80127	BOARD MEMBER	0.25	$0	$0	$0
DIANNE LEARY JONES
10506 W SUNDANCE MOUNTAIN	LITTLETON	CO	80127	BOARD MEMBER	0.25	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$96,792	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$6,795	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$103,587	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$103,587	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,554	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$102,033	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$5,102	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$5,102	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$10	TaxBasedOnInvestmentIncomeAmt
Total Tax	$10	TotalTaxAmt
Distributable Before Adj	$5,092	DistributableBeforeAdjAmt
Distributable Before Ded	$5,092	DistributableBeforeDedAmt
Distributable As Adjusted	$5,092	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$40,000	ExpensesAndContributionsAmt
Qualifying Distributions	$40,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$5,092	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$38,668	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$42,584	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$39,268	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$39,743	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$36,657	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$196,920	TotalExcessDistributionCyovAmt
Qualifying Distributions	$40,000	QualifyingDistributionsAmt
Applied To Current Year	$5,092	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$34,908	RemainingDistriFromCorpusAmt
Total Corpus	$231,828	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$38,668	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$193,160	ExcessDistriCyovToNextYrAmt
Excess From Year4	$42,584	ExcessFromYear4Amt
Excess From Year3	$39,268	ExcessFromYear3Amt
Excess From Year2	$39,743	ExcessFromYear2Amt
Excess From Year1	$36,657	ExcessFromYear1Amt
Excess From Current Year	$34,908	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BOYS HOPE GIRLS HOPE
7060 E HAMPDEN AVE	DENVER	CO	80224	501(C)(3)	HELPING YOUTH AT RISK	$5,000
WOMEN'S BEAN PROJECT
3201 CURTIS ST	DENVER	CO	80205	501(C)(3)	EMPLOY, EMPOWER AND ENCOURAGE WOMEN	$5,000
WESTERN RIVERS CONSERVANCY
1228 15TH ST 409	DENVER	CO	80202	501(C)3)	WATERWAY PRESERVATION	$5,000
COLORADO TROUT UNLIMITED
1536 WYNKOOP ST STE 320	DENVER	CO	80202	501(C)(3)	RESTORATION, EDUCATION AND PROJECTS	$5,000
ROMAN CATHOLIC BISHOP LAS VEGAS
669 CATHEDRAL WAY	LAS VEGAS	NV	89109	501(C)(3)	HELP FAMILIES AND FURTHER EDUCATION	$20,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$40,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$177	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,453	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1,630	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,630	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	GREGORY E AND KAREN JONES	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	3 GOLDEN EAGLE LN	AddressLine1Txt
City	LITTLETON	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80127	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$100,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	TAX PREPARATION	CategoryTxt
Amt	$1,845	Amt
Net Investment Income	$922	NetInvestmentIncomeAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	PRIOR YEAR EXCISE TAX PAID	Desc
Amt	$20	Amt

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