Edward C Johnson Fund
- Assets
- $495.5m
- Revenue
- $105.6m
- Investments
- $430.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 04-6108344
Organization Overview
Edward C Johnson Fund is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward C Johnson Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Edward C Johnson Fund generated $105.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $30.2m during the year ending 12/2022. While expenses have increased by 48.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Edward C Johnson Fund has awarded 41 individual grants totaling $53,197,989. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maura Marx President | 2 | $74,286 | |
Abigail P Johnson Director And VP | 1 | $0 | |
Elizabeth L Johnson Director And VP | 1 | $0 | |
Edward C Johnson IV Director | 1 | $0 | |
Christopher J Mckown Secretary | 1 | $0 | |
Melanie S Sommer Asst. Secretary (thru 08/2022) | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mh Morton Consulting Llc | 12/30/22 | $210,004 |
Cooperative Philanthropic Services | 12/30/22 | $116,111 |
Sullivan And Worcester | 12/30/22 | $55,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,581,774 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,172,573 |
| Net Rental Income | -$5,227 |
| Net Gain on Sale of Assets | $24,844,343 |
| Capital Gain Net Income | $24,844,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,598,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,266 |
| Other employee salaries and wages | $212,074 |
| Pension plans, employee benefits | $71,018 |
| Interest | $0 |
| Taxes | $355,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,875 |
| Printing and publications | $0 |
| Other expenses | $144,231 |
| Total operating and administrative expenses | $1,182,424 |
| Contributions, gifts, grants paid | $29,036,500 |
| Total expenses and disbursements | $30,218,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,898,486 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $918,608 |
| Other assets | $17,500,000 |
| Total assets | $495,515,579 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edward C Johnson Fund has awarded $29,036,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP BEECH CLIFF PURPOSE: ENDOWMENT | $5,000,000 |
SAN FRANCISCO ZEN CENTER PURPOSE: ENDOWMENT | $5,000,000 |
AMERICAN ACADEMY OF ARTS AND SCIENCES PURPOSE: ENDOWMENT | $2,500,000 |
HANCOCK COUNTY TRUSTEES OF PUBLIC RESERVATIONS PURPOSE: ENDOWMENT | $1,500,000 |
NATIONAL TRUST FOR PLACES OF HISTORIC INTEREST OR NATURAL BEAUTY PURPOSE: ENDOWMENT | $2,500,000 |
HANCOCK COUNTY TRUSTEES OF PUBLIC RESERVATIONS PURPOSE: ENDOWMENT | $1,000,000 |