Lyndon Baines Johnson Foundation
- Assets
- $265.9m
- Revenue
- $26.6m
- Investments
- $251.7m
- Employees
- 47
- Location
- Austin, TX
- Founding
- 08/1970
- Data as of
- 08/2023
- 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 08/2023, Lyndon Baines Johnson Foundation employed 47 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 08/2023, Lyndon Baines Johnson Foundation generated $26.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $7.7m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lyndon Baines Johnson Foundation has awarded 76 individual grants totaling $45,997,448. 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
2023
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 | $423,154 |
Larry E Temple Chairman | OfficerTrustee | 10 | $0 |
Elizabeth Christian Trustee & Vice Chairman | OfficerTrustee | 2 | $0 |
Honorable Ben Barnes Trustee & Vice Chairman | OfficerTrustee | 2 | $0 |
Honorable Lyndon Olson Jr Trustee & Vice Chairman | OfficerTrustee | 2 | $0 |
W Thomas Johnson Chairman Emeritus | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joanne Midwikis Secretary/treasurer Services | 8/30/23 | $130,000 |
Whitley Penn Llp Accounting Services | 8/30/23 | $108,803 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,303,932 |
| Noncash contributions included in lines 1a–1f | $3,076,452 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,303,932 |
| Total Program Service Revenue | $711,043 |
| Investment income | $225,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,263,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,560,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,427,554 |
| Grants and other assistance to domestic individuals. | $66,884 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $870,113 |
| Compensation of current officers, directors, key employees. | $306,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $625,948 |
| Pension plan accruals and contributions | $33,411 |
| Other employee benefits | $37,491 |
| Payroll taxes | $110,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $215,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,402 |
| Advertising and promotion | $134,588 |
| Office expenses | $0 |
| Information technology | $25,035 |
| Royalties | $0 |
| Occupancy | $9,931 |
| Travel | $46,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,801 |
| Interest | $1,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,583 |
| Insurance | $68,542 |
| All other expenses | $0 |
| Total functional expenses | $7,719,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,308,396 |
| Pledges and grants receivable | $8,540,441 |
| 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 | $115,040 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $251,723,626 |
| Investments—program-related | $0 |
| Intangible assets | $167,920 |
| Other assets | $0 |
| Total assets | $265,899,340 |
| Accounts payable and accrued expenses | $95,878 |
| 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 | $139,323 |
| Total liabilities | $235,201 |
| Net assets without donor restrictions | $111,915,232 |
| Net assets with donor restrictions | $153,748,907 |
| 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 | $265,899,340 |
Grants Awarded
Over the last fiscal year, Lyndon Baines Johnson Foundation has awarded $3,427,554 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: PROGRAM SUPPORT | $1,487,739 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: ACADEMIC SUPPORT | $47,151 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: FELLOWSHIPS AND AWARDS | $233,357 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: CHAIR SALARIES AND SUPPORT | $291,723 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: RGK CENTER FOR PHILANTHROPY | $650,054 |
LBJ SCHOOL OF PUBLIC AFFAIRS PURPOSE: WASHINGTON DC CAMPUS | $79,856 |