Overview
What is Edward Jones Disaster Relief Fund?
The Edward Jones Disaster Relief Fund is a charitable initiative established by Edward Jones, an investment firm. This fund offers financial aid to its employees and partners who have experienced significant economic losses due to qualified disasters, as defined under Section 139 of the Code. Upon qualification, individuals can apply for grants through a submission process that requires detailing their economic needs stemming from the disaster. The fund, activated following various events such as the COVID-19 pandemic, Hurricane Ian, Hurricane Ida, Kentucky tornadoes, and St. Louis floods, provided relief to 40 individuals for a total of $184,758 in 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 74%)
The Edward Jones Disaster Relief Fund has received a two-star rating from Charity Navigator, indicating it needs improvement in certain areas. While the organization scores perfectly in accountability and finance, it lacks independent board members, which raises questions about governance and oversight. The absence of independent board members can limit diverse perspectives and accountability within the organization.
The fund demonstrates a strong program expense ratio of 91.47%, which reflects a significant commitment to its mission and effective use of resources. However, the organization has deficiencies in transparency, as it failed to list its website on the tax form and did not post its tax form on its website, which affects public trust and accessibility to important information.
Overall, while the Edward Jones Disaster Relief Fund is performing well in terms of financial health and program expenditure, improvements in governance and transparency are necessary to enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Edward Jones Disaster Relief Fund legitimate?
Edward Jones Disaster Relief Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edward Jones Disaster Relief Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Edward Jones Disaster Relief Fund?
The Edward Jones Disaster Relief Fund is a mission-driven initiative that provides financial aid to employees and partners of Edward Jones who have experienced significant economic loss due to a qualified disaster, as defined in Section 139 of the Code. The fund's primary objective is to offer financial grants to help these individuals recover and rebuild following such disasters. The relief fund serves as a crucial support system during times of crisis, offering a financial lifeline to those impacted by natural or man-made disasters.
Who is the CEO of Edward Jones Disaster Relief Fund?
Laura Ellenhorn is the Director & President - As Of 1/1/22 of Edward Jones Disaster Relief Fund.
What is the revenue of Edward Jones Disaster Relief Fund?
Edward Jones Disaster Relief Fund's revenue in 2022 was $136,375.
Who are the executives of Edward Jones Disaster Relief Fund and what are their salaries?
There 26 volunteers at Edward Jones Disaster Relief Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Edward Jones Disaster Relief Fund?
Edward Jones Disaster Relief Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edward Jones Disaster Relief Fund
The Edward Jones Disaster Relief Fund is a charitable initiative that aims to provide financial assistance to employees and partners of Edward Jones, a financial services company, who have experienced substantial economic loss as a result of a qualified disaster. The fund, defined under Section 139 of the Code, offers financial grants to those affected by such calamities, demonstrating Edward Jones' commitment to supporting its associates during times of hardship. The relief fund serves as a testament to Edward Jones' dedication to its workforce, providing a safety net in the face of natural disasters or other unforeseen circumstances.
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Impact
October, 2024
The Edward Jones Disaster Relief Fund has made a significant impact by providing crucial financial support to employees and partners of the Jones Financial Companies who have experienced substantial economic losses due to qualified disasters. This includes events such as hurricanes, tornadoes, floods, and the COVID-19 pandemic.
In 2022 alone, the fund assisted 40 individuals, distributing a total of $184,758 in grants. This financial aid has been essential for associates who needed immediate relief in the aftermath of devastating events, allowing them to begin the recovery process and regain stability. The systematic communication and application process ensure that those eligible for assistance are informed and able to access the support they need, reinforcing a culture of care and responsivity within the Edward Jones community.
This information is meant to be a general summary of Edward Jones Disaster Relief Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $491
- Gross Receipts: $136,375
Assets and Liabilities:
- Total Assets: $75,717
- Total Liabilities: $0
- Net Assets: $75,717
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Organization Details
Founding Year
2017
Phone
(314) 515-2000Principal Officer
Laura Ellenhorn
Main Address
12555 MANCHESTER ROAD, SAINT LOUIS, MO, 631313710
NTEE Category
Code: M20 - Public safety
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