GREG AND KAREN JONES FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: GREG AND KAREN JONES FAMILY FOUNDATION (EIN 47-3240379)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-05-06
IRS object ID: 202501269349101145
Schema version: 2024v5.0
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
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-05-06T16:28:39-04:00	ReturnTs
Tax Period End	2024-12-31	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	2024-01-01	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	2025-05-06	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

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	2025-05-06	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$305,028	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	$200,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$2,313	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$2,313	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$2,325	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,325	DividendsNetInvstIncmAmt
Total Rev And Expnss	$204,638	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,638	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$950	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$475	AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss	$10	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$5	TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss	$1,255	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$627	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$2,215	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,107	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$45,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$45,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$47,215	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,107	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$45,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$157,423	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,531	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$11,482	CashBOYAmt
Cash EOY	$45,839	CashEOYAmt
Cash EOYFMV	$45,839	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$94,934	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$217,990	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$259,189	SavAndTempCashInvstEOYFMVAmt
Total Assets BOY	$106,416	TotalAssetsBOYAmt
Total Assets EOY	$263,829	TotalAssetsEOYAmt
Total Assets EOYFMV	$305,028	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$106,416	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$263,829	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$106,416	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$263,829	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$106,416	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$263,829	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$106,416	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$157,423	ExcessRevenueOverExpensesAmt
Subtotal	$263,839	SubtotalAmt
Other Decreases	$10	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$263,829	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$49	InvestmentIncomeExciseTaxAmt
Subtotal	$49	SubtotalAmt
Tax Based On Investment Income	$49	TaxBasedOnInvestmentIncomeAmt
Tax Due	$49	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	false	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	$194,281	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$28,661	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$222,942	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$222,942	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$3,344	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$219,598	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$10,980	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$10,980	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$49	TaxBasedOnInvestmentIncomeAmt
Total Tax	$49	TotalTaxAmt
Distributable Before Adj	$10,931	DistributableBeforeAdjAmt
Distributable Before Ded	$10,931	DistributableBeforeDedAmt
Distributable As Adjusted	$10,931	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$45,000	ExpensesAndContributionsAmt
Qualifying Distributions	$45,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$10,931	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$42,584	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$39,268	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$39,743	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$36,657	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$34,908	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$193,160	TotalExcessDistributionCyovAmt
Qualifying Distributions	$45,000	QualifyingDistributionsAmt
Applied To Current Year	$10,931	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$34,069	RemainingDistriFromCorpusAmt
Total Corpus	$227,229	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$42,584	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$184,645	ExcessDistriCyovToNextYrAmt
Excess From Year4	$39,268	ExcessFromYear4Amt
Excess From Year3	$39,743	ExcessFromYear3Amt
Excess From Year2	$36,657	ExcessFromYear2Amt
Excess From Year1	$34,908	ExcessFromYear1Amt
Excess From Current Year	$34,069	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BOYS HOPE GIRLS HOPE OF COLORADO
3090 S JAMAICA CT 212	AURORA	CO	80014	501(C)(3)	HELPING YOUTH AT RISK	$5,000
WOMEN'S BEAN PROJECT
1300 W ALAMEDA	DENVER	CO	80223	501(C)(3)	EMPLOY, EMPOWER AND ENCOURAGE WOMEN	$5,000
WESTERN RIVERS CONSERVANCY
71 SW OAK ST STE 100	PORTLAND	OR	97204	501(C)3)	WATERWAY PRESERVATION	$5,000
ROMAN CATHOLIC BISHOP LAS VEGAS
669 CATHEDRAL WAY	LAS VEGAS	NV	89109	501(C)(3)	HELP FAMILIES AND FURTHER EDUCATION	$30,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$45,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,313	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,325	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$4,638	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4,638	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	$200,000	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	$950	Amt
Net Investment Income	$475	NetInvestmentIncomeAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	PRIOR YEAR EXCISE TAX PAID	Desc
Amt	$10	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT ADVISORY FEES	$1,255	$627

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	CO SOS REGISTRATION	CategoryTxt
Amt	$10	Amt
Net Investment Income	$5	NetInvestmentIncomeAmt

GREG AND KAREN JONES FAMILY FOUNDATION: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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