Karl M Johnson Foundation
- Assets
- $5.2m
- Revenue
- $2.1m
- Investments
- $144.4k
- Employees
- 0
- Location
- Jackson, WY
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 74-2554281
Organization Overview
Karl M Johnson Foundation is located in Jackson, WY. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Karl M 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 12/2023, Karl M Johnson Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 4 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.
Since 2019, Karl M Johnson Foundation has awarded 196 individual grants totaling $988,175. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret King Director | 2 | $15,000 | |
Richard Palmer Director | 2 | $15,000 | |
Spencer King Director | 2 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,050 |
| Interest on Savings | $19,139 |
| Dividends & Interest | $1,279 |
| Net Rental Income | $860,165 |
| 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 | $2,084,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $193,230 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,158,117 |
| Total operating and administrative expenses | $1,499,642 |
| Contributions, gifts, grants paid | $348,845 |
| Total expenses and disbursements | $1,848,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,064 |
| Savings and temporary cash investments | $1,016,314 |
| Net Accounts receivable | $19,175 |
| 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 | $3,666,212 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,100 |
| Total assets | $5,183,236 |
| Accounts payable and accrued expenses | $4,621 |
| 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 | $40,755 |
| Total liabilities | $45,376 |
Grants Awarded
Over the last fiscal year, Karl M Johnson Foundation has awarded $348,845 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: DONATION | $5,000 |
BLESSINGS IN A BACKPACK PURPOSE: DONATION | $5,000 |
CITIZENS MOUNTED UNIT PURPOSE: DONATION | $2,000 |
COMMUNITY RESOURCE CENTER PURPOSE: DONATION | $8,000 |
COMMUNITY ENTRY SERVICES PURPOSE: DONATION | $8,000 |
COMMUNITY RESOURCE CENTER OF TETON PURPOSE: DONATION | $4,000 |