Lyndon Baines Johnson Foundation
- Assets
- $271.9m
- Revenue
- $12.5m
- Investments
- $268.3m
- Employees
- 39
- Location
- Austin, TX
- Founding
- 08/1970
- Data as of
- 08/2021
- EIN
- 74-1774063
Organization Overview
Lyndon Baines Johnson Foundation is located in Austin, TX. The organization was established in 1970. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 08/2021, Lyndon Baines Johnson Foundation employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyndon Baines 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 08/2021, Lyndon Baines Johnson Foundation generated $12.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $8.5m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lyndon Baines Johnson Foundation has awarded 60 individual grants totaling $37,364,443. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL - THE LYNDON BAINES JOHNSON FOUNDATION WAS FORMED TO MANAGE AND HOLD FUNDS TO SUPPORT THE OPERATIONS OF THE LBJ PRESIDENTIAL LIBRARY & MUSEUM AND THE LBJ SCHOOL OF PUBLIC AFFAIRS LOCATED AT THE UNIVERSITY OF TEXAS AUSTIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LBJ SCHOOL OF PUBLIC AFFAIRS, UNIVERSITY OF TEXAS AT AUSTIN - FUNDS ARE ALLOCATED TO STUDENT ACTIVITIES, CURRICULUM & CHAIR SUPPORT, & SEMINARS (TOTAL BENEFITTED NOT DETERMINABLE)
LBJ PRESIDENTIAL LIBRARY & MUSEUM - FUNDS EXPENDED FOR MUSEUM EXHIBITS; ARCHIVIST SUPPORT; PUBLICATION OF NEWSLETTER; PUBLIC PROGRAMS; DIGITIZING PRESIDENTIAL LIBRARY ARCHIVAL MATERIALS & PHOTOS (TOTAL BENEFITTED NOT READILY ASCERTAINABLE)
SALES DESK - OPERATED TO PROVIDE TOURS & SOUVENIRS FOR LBJ PRESIDENTIAL LIBRARY & MUSEUM WITH PROCEEDS REMITTED TO THE LIBRARY (TOTAL BENEFITTED NOT READILY ASCERTAINABLE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark K Updegrove President And CEO | OfficerTrustee | 40 | $460,161 |
Joanne Midwikis Secretary/treasurer | Officer | 2 | $130,000 |
Sally Allen Development Director | Trustee | 40 | $120,000 |
Honorable Lyndon Olson Jr Trustee & Vice Chairman | OfficerTrustee | 2 | $0 |
Honorable Ben Barnes Trustee & Vice Chairman | OfficerTrustee | 2 | $0 |
Elizabeth Christian Trustee & Vice Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sellerseaston Media Language/video Production | 8/30/20 | $554,874 |
Arrow Media/advertising | 8/30/20 | $122,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $166,490 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,495,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,662,206 |
| Total Program Service Revenue | $26,339 |
| Investment income | $1,591,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,350,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$85,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,544,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,537,030 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $739,265 |
| Compensation of current officers, directors, key employees. | $380,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,178,461 |
| Pension plan accruals and contributions | $63,168 |
| Other employee benefits | $62,291 |
| Payroll taxes | $119,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,044 |
| Advertising and promotion | $123,416 |
| Office expenses | $0 |
| Information technology | $25,294 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,443 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $74,742 |
| All other expenses | $0 |
| Total functional expenses | $8,515,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,324,044 |
| Pledges and grants receivable | $120,267 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $160,807 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $268,329,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,934,270 |
| Accounts payable and accrued expenses | $92,136 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,136 |
| Net assets without donor restrictions | $120,818,522 |
| Net assets with donor restrictions | $151,023,612 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $271,934,270 |
Grants Awarded
Over the last fiscal year, Lyndon Baines Johnson Foundation has awarded $5,538,040 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: PROGRAM SUPPORT | $1,525,564 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: CHAIR SALARIES AND SUPPORT | $1,154,856 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: FELLOWSHIPS AND AWARDS | $887,744 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: RGK CENTER FOR PHILANTHROPY | $865,279 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: WASHINGTON DC CAMPUS | $302,835 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: 50TH ANNIVERSARY SCHOOL | $212,741 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lyndon Baines Johnson Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $124,370,114 |
| Earnings | $38,249,204 |
| Net Contributions | $922,811 |
| Other Expense | $136,586 |
| Grants | $4,465,988 |
| Ending Balance | $158,939,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |