Nonprofit · EIN 20-5132900
REES-JONES FOUNDATION
Tax-exempt · DALLAS, TX 75225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $28,868,468 | $161,923,163 | -$133,054,695 | $666,092,840 | $67,433,061 | $598,659,779 |
| December 31, 2023 | 990-PF | $14,317,434 | $54,447,684 | -$40,130,250 | $662,485,185 | $13,458,808 | $649,026,377 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $7,103,655
- Interest
- $4,915,413
- Net gain from sales of assets
- $17,586,266
- Other income
- -$736,866
Expenses
- Grants and similar amounts paid
- $156,750,579
- Compensation of officers, directors and key employees
- $899,191
- Salaries, compensation and benefits (total)
- $1,364,026
- Disbursements for charitable purposes
- $107,235,768
- Excise tax on investment income
- $404,265
Balance sheet and other
- Total assets, start of year
- $662,485,185
- Total assets, end of year
- $666,092,840
- Total liabilities, end of year
- $67,433,061
- Net assets, end of year
- $598,659,779
- Fair market value of assets
- $666,092,840
- Qualifying distributions
- $108,536,853
- Net investment income
- $29,386,901
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Terese Stevenson 8111 Westchester Drive, Dallas, TX 75225 | VP Grants | 40 | $320,919 | $66,872 |
| Thornton Hardie III 8111 Westchester Drive, Dallas, TX 75225 | President/Director | 25 | $293,583 | $0 |
| Cissy Moses 8111 Westchester Drive, Dallas, TX 75225 | Treasurer/Secretary | 32 | $284,688 | $63,105 |
| Adrian Cook 8111 Westchester Drive, Dallas, TX 75225 | Director of Research Highest-paid employee | 40 | $177,120 | $48,074 |
| Thomas Kincaid 8111 Westchester Drive, Dallas, TX 75225 | Sr Program Officer Highest-paid employee | 40 | $173,150 | $33,535 |
| Trey Hill 8111 Westchester Drive, Suite 950, Dallas, TX 75225 | Sr. Program Officer Highest-paid employee | 40 | $171,300 | $44,279 |
| Lynn Gibson 8111 Westchester Drive, Suite 950, Dallas, TX 75225 | SR Program Officer Highest-paid employee | 40 | $170,942 | $35,382 |
| Shellie Velasco 8111 Westchester Drive, Dallas, TX 75225 | Program Officer Highest-paid employee | 40 | $138,120 | $31,041 |
| David Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Director | 5 | $0 | $0 |
| Trevor R Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Director | 5 | $0 | $0 |
| Trevor D Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Chairman | 5 | $0 | $0 |
| Jan Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Vice Chairman | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Terese Stevenson 8111 Westchester Drive, Dallas, TX 75225 | VP Grants | 40 | $310,032 | $63,711 |
| Cissy Moses 8111 Westchester Drive, Dallas, TX 75225 | Treasurer/Secretary | 32 | $275,025 | $60,345 |
| Thornton Hardie III 8111 Westchester Drive, Dallas, TX 75225 | President/Director | 25 | $258,708 | $0 |
| Adrian Cook 8111 Westchester Drive, Dallas, TX 75225 | Director of Research Highest-paid employee | 40 | $164,673 | $45,615 |
| Lynn Gibson 8111 Westchester Drive, Dallas, TX 75225 | Sr Program Officer Highest-paid employee | 40 | $160,797 | $33,418 |
| Trey Hill 8111 Westchester Drive, Dallas, TX 75225 | Sr Program Officer Highest-paid employee | 40 | $160,497 | $40,569 |
| Thomas Kincaid 8111 Westchester Drive, Suite 950, Dallas, TX 75225 | SR Program Officer Highest-paid employee | 40 | $159,075 | $37,131 |
| Shellie Velasco 8111 Westchester Drive, Suite 950, Dallas, TX 75225 | Program Officer Highest-paid employee | 40 | $131,475 | $28,251 |
| David Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Director | 5 | $0 | $0 |
| Trevor R Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Director | 5 | $0 | $0 |
| Trevor D Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Chairman | 5 | $0 | $0 |
| Jan Rees-Jones 8111 Westchester Drive, Dallas, TX 75225 | Vice Chairman | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8111 WESTCHESTER DRIVE, DALLAS, TX 75225-6140
- In care of
- % TREVOR REES-JONES
- Signed the 990-PF
- Evelyn H Moses, Treasurer
- Phone
- (214) 751-2977
- Website
- rees-jonesfoundation.org
- Return prepared by
- CROWE LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-5132900
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $666,092,840
- Income (IRS master file)
- $75,123,654
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $28,868,468 | $161,923,163 | $666,092,840 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $14,317,434 | $54,447,684 | $662,485,185 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5132900).
Questions about REES-JONES FOUNDATION
- What is the EIN of REES-JONES FOUNDATION?
- The employer identification number (EIN) of REES-JONES FOUNDATION is 20-5132900.
- Is REES-JONES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to REES-JONES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does REES-JONES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of REES-JONES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REES-JONES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of REES-JONES FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 8 received compensation from the organization, the highest $320,919 (Terese Stevenson, VP Grants).
- How much revenue does REES-JONES FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $28,868,468, expenses of $161,923,163 and total assets of $666,092,840 at year end.
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