Donald K Johnson Charitable Trust
- Assets
- $227.5k
- Revenue
- $12.6k
- Investments
- $221.1k
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 42-6401180
Organization Overview
Donald K Johnson Charitable Trust is located in Cedar Rapids, IA. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Donald K Johnson Charitable Trust 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, Donald K Johnson Charitable Trust generated $12.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $14.9k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 7 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40 |
| Dividends & Interest | $6,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,888 |
| Capital Gain Net Income | $5,888 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,613 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,691 |
| Contributions, gifts, grants paid | $11,200 |
| Total expenses and disbursements | $14,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,401 |
| 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 | $221,068 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $227,469 |
| 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, Donald K Johnson Charitable Trust has awarded $11,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA UNIVERSITY OF NEBRASKA PURPOSE: SCHOLARSHIP | $3,200 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
IOWA CENTRAL COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $1,600 |
UNIVERSITY OF NORTHERN IOWA PURPOSE: SCHOLARSHIP | $1,600 |
DES MOINES AREA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $800 |