Johnson Foundation Inc
- Assets
- $59.6m
- Revenue
- $3.8m
- Investments
- $44.8m
- Employees
- 0
- Location
- Racine, WI
- Founding
- 09/2003
- Data as of
- 06/2023
- EIN
- 38-3675289
Organization Overview
Johnson Foundation Inc is located in Racine, WI. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Johnson 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 06/2023, Johnson Foundation Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Johnson Foundation Inc has awarded 114 individual grants totaling $134,013. 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
SEE FEDERAL FOOTNOTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Johnson-Leipold Chairperson | 1 | $0 | |
Marcus White President | 40 | $220,310 | |
Michael Dombeck Trustee | 1 | $5,000 | |
Kate Wolford Trustee | 1 | $5,000 | |
Winifred Marquart Trustee | 1 | $0 | |
Paula Wolff Vice President | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Conference Centers | 6/29/23 | $550,808 |
Riley Construction | 6/29/23 | $259,558 |
Heartland Business Systems | 6/29/23 | $69,732 |
Brightview Landscapes Llc | 6/29/23 | $67,815 |
All-pro Mechanical Inc | 6/29/23 | $51,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $939,622 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,129,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $348,541 |
| Capital Gain Net Income | $182,934 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,391,064 |
| Total Revenue | $3,808,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $269,400 |
| Other employee salaries and wages | $705,831 |
| Pension plans, employee benefits | $245,346 |
| Interest | $117,620 |
| Taxes | $9,240 |
| Depreciation | $695,052 |
| Occupancy | $388,825 |
| Travel, conferences, and meetings | $156,383 |
| Printing and publications | $0 |
| Other expenses | $2,184,866 |
| Total operating and administrative expenses | $5,151,164 |
| Contributions, gifts, grants paid | $11,885 |
| Total expenses and disbursements | $5,163,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $144,701 |
| Net Accounts receivable | $936,122 |
| 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 | $163,776 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,787,499 |
| Net Land, buildings, and equipment | $13,191,964 |
| Other assets | $356,849 |
| Total assets | $59,581,161 |
| Accounts payable and accrued expenses | $442,517 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,764,214 |
| Other liabilities | $1,574,000 |
| Total liabilities | $5,780,731 |
Grants Awarded
Over the last fiscal year, Johnson Foundation Inc has awarded $11,980 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF RACINE PURPOSE: GENERAL DONATION | $7,135 |
DOWNTOWN RACINE CORPORATION PURPOSE: GENERAL DONATION | $1,250 |
BIG BROTHERS BIG SISTERS OF RACINE & KENOSHA PURPOSE: GENERAL DONATION | $500 |
ALL SAINTS FOUNDATION PURPOSE: GENERAL DONATION | $500 |
RACINE FOUNDERS CLUB ROTARY FOUNDATION PURPOSE: GENERAL DONATION | $500 |
CALEDONIA HISTORICAL SOCIETY PURPOSE: GENERAL DONATION | $520 |