Johnson Family Foundation Inc
- Assets
- $8.4m
- Revenue
- $2.2m
- Investments
- $8.2m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 13-7118242
Organization Overview
Johnson Family Foundation Inc is located in Palm Beach, FL. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Johnson Family Foundation Inc 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 12/2023, Johnson Family Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $351.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Johnson Family Foundation Inc has awarded 71 individual grants totaling $1,858,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Ann Johnson President | 5 | $0 | |
Thomas S Johnson Treasurer/chairman/sec. | 5 | $0 | |
Jane Flynn Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $817,865 |
| Interest on Savings | $0 |
| Dividends & Interest | $152,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,205,300 |
| Capital Gain Net Income | $1,660,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62 |
| Total Revenue | $2,176,133 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,103 |
| Total operating and administrative expenses | $59,037 |
| Contributions, gifts, grants paid | $292,000 |
| Total expenses and disbursements | $351,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $203,995 |
| 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 | $1,794,370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,068 |
| Total assets | $8,443,130 |
| 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, Johnson Family Foundation Inc has awarded $292,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKS SCHOOL PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
COMFORT ZONE CAMP PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $2,000 |
EPISCOPAL SCHOOL PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
GEORGETOWN UNIVERSITY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
GREATER BIRMINGHAM MINISTRIES PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $15,000 |
HARVARD BUSINESS SCHOOL PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |