Carl J And Margot A Johnson Foundation
- Assets
- $12.6m
- Revenue
- $198.1k
- Investments
- $11.7m
- Employees
- 0
- Location
- Mckinney, TX
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 25-1675809
Organization Overview
Carl J And Margot A Johnson Foundation is located in Mckinney, TX. 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. Carl J And Margot A Johnson Foundation 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, Carl J And Margot A Johnson Foundation generated $198.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Carl J And Margot A Johnson Foundation has awarded 105 individual grants totaling $8,065,447. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl J Johnson Trustee | 1 | $0 | |
Jamie Brookhart Trustee | 3 | $0 | |
JD Brookhart Executive Director | 15 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,980 |
| Interest on Savings | $4,215 |
| Dividends & Interest | $124,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,589 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$17,046 |
| Total Revenue | $198,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $8,775 |
| Travel, conferences, and meetings | $11,117 |
| Printing and publications | $0 |
| Other expenses | $2,745 |
| Total operating and administrative expenses | $143,297 |
| Contributions, gifts, grants paid | $1,295,561 |
| Total expenses and disbursements | $1,438,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $668,708 |
| 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 | $698,687 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $161,463 |
| Total assets | $12,556,972 |
| 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, Carl J And Margot A Johnson Foundation has awarded $1,295,561 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE CHRISTIAN EDUCATION FOUNDATION PURPOSE: UNRESTRICTED | $78,069 |
MULTIPLICATION NETWORK MINISTRIES PURPOSE: UNRESTRICTED | $156,106 |
AID FOR WOMEN PURPOSE: UNRESTRICTED | $24,423 |
CHINA MINISTRIES INTERNATIONAL PURPOSE: UNRESTRICTED | $156,106 |
ELEVATE3IN1 PURPOSE: UNRESTRICTED | $24,423 |
TYLER'S LIGHT INC PURPOSE: UNRESTRICTED | $9,795 |