Johnson Family Foundation
- Assets
- $624.3k
- Revenue
- $201.9k
- Investments
- $393.8k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 61-1810852
Organization Overview
Johnson Family Foundation is located in Houston, TX. The organization was established in 2017. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johnson Family 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 12/2023, Johnson Family Foundation generated $201.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $33.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSTON EBONY ORCHESTRA GUILD SUPPORT, TRAIN & DEVELOP YOUNG PERFORMERS & PROMOTE CULTURAL AWARENESS
HOPE CENTER PROVIDE ASSISTANCE AND COUNSELING TO PERSONS IN DIFFICULTIES
HOUSE OF INITIA NOVA PROVIDE ASSISTANCE & COUNSELING TO PERSONS IN NEED
SUITS FOR SONS HELP MINORITY MEN PREPARE FOR PROFESSIONAL CAREERS, ENTREPRENEURSHIP AND COMMUNITY ACTIVISM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Johnson Jr President | 0 | $0 | |
Carman Johnson Vice President | 0 | $0 | |
Michael Jeffs Secretary | 0 | $0 | |
Olivia Mccarter Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $168,636 |
| Interest on Savings | $3,060 |
| Dividends & Interest | $30,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $8,466 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $889 |
| Printing and publications | $0 |
| Other expenses | $2,126 |
| Total operating and administrative expenses | $12,331 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $33,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $201,603 |
| 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 | $21,164 |
| Other assets | $7,706 |
| Total assets | $624,270 |
| Accounts payable and accrued expenses | $7,389 |
| 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 | $7,389 |
Grants Awarded
Over the last fiscal year, Johnson Family Foundation has awarded $21,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON EBONY ORCHESTRA GUILD PURPOSE: SUPPORT, TRAIN, AND DEVELOPE YOUNG PERFORMERS PROMOTE CULTURAL AWARENESS | $10,000 |
HOPE CENTER-HOUSTON PURPOSE: PROVIDE ASSISTANCE COUNSELING TO PERSONS IN DIFFICULTIES | $5,000 |
HOUSE OF INITIA NOVA PURPOSE: PROVIDE GUIDANCE COUNSELING TO PERSONS WHO ARE IN NEED | $2,000 |
HOUSTON MUSEUM OF AFRICAN AMERICAN CULTURE PURPOSE: SUPPORT AND SUSTAIN AFRICAN AMERICAN ARTS PROMOTE CULTURAL AWARENESS | $1,000 |
GUARDIAN ANGELS OF AMERICA PURPOSE: PROVIDE FINANCIAL ASSISTANCE TO AN OUTREACH PROGRAM THAT HELPS INDIGENT AND SICK CHILDREN CONFINED IN GOVERNMENT HOSPITAL IN THE PHILIPPINES | $1,000 |
SUITS FOR SONS PURPOSE: HELPS MINORITY COLLEGIATE MEN PREPARE FOR PROFESSIONAL CAREERS,ENTREPRENEURSHIP AND COMMUNITY ACTIVISM | $1,000 |