M G & Lillie A Johnson Foundation Inc
- Assets
- $119.6m
- Revenue
- $13.9m
- Investments
- $110.5m
- Employees
- 0
- Location
- Victoria, TX
- Founding
- 10/1966
- Data as of
- 11/2023
- EIN
- 74-6076961
Organization Overview
M G & Lillie A Johnson Foundation Inc is located in Victoria, TX. The organization was established in 1966. 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. M G & Lillie A Johnson Foundation Inc 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 11/2023, M G & Lillie A Johnson Foundation Inc generated $13.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $11.5m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, M G & Lillie A Johnson Foundation Inc has awarded 43 individual grants totaling $8,146,811. 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 |
|---|---|---|---|
Robert L Halepeska Executive V. | 0 | $289,063 | |
Mh Brock Trustee | 0 | $0 | |
Dennis Simons Secretary/tr | 0 | $0 | |
Rosemary Rust Trustee | 0 | $0 | |
Russell Marshall Chairman | 0 | $0 | |
James Bouligny Vice-Chairma | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services Inc | 11/29/23 | $162,584 |
Wells Fargo Bank Na | 11/29/23 | $86,267 |
Prosperity Bank Trust Department | 11/29/23 | $57,488 |
Ubs Financial Services Inc | 11/29/23 | $0 |
Sather Financial Group | 11/29/23 | $58,248 |
Wells Fargo Bank Na | 11/29/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,074,082 |
| Net Rental Income | $71,717 |
| Net Gain on Sale of Assets | $792,791 |
| Capital Gain Net Income | $792,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,931,318 |
| Total Revenue | $13,869,908 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $289,063 |
| Other employee salaries and wages | $43,750 |
| Pension plans, employee benefits | $17,471 |
| Interest | $0 |
| Taxes | $767,795 |
| Depreciation | $0 |
| Occupancy | $21,153 |
| Travel, conferences, and meetings | $12,592 |
| Printing and publications | $0 |
| Other expenses | $80,819 |
| Total operating and administrative expenses | $1,643,993 |
| Contributions, gifts, grants paid | $9,813,800 |
| Total expenses and disbursements | $11,457,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,000 |
| Savings and temporary cash investments | $6,205,911 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,678,254 |
| Other assets | $27,003 |
| Total assets | $119,616,993 |
| 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, M G & Lillie A Johnson Foundation Inc has awarded $8,146,811 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
LAMAR VOLUNTEER FIRE DEPT PURPOSE: FUND PURCHASE OF BREATING APPARATUS EQUIP | $48,000 |
COASTAL BEND COLLEGE PURPOSE: REMODEL & EQUIP DENTAL HYGIENE DEPT | $85,000 |
GOLIAD COUNTY EMS PURPOSE: LIFE PAK DEFIBRILLTION EQUIP | $50,000 |
GOLIAD COUNTY OUTREACH PURPOSE: CONSTRUCT FOOD STORAGE FACILITY | $21,750 |
WEESATCHE VOLUNTEER FIRE DEPT PURPOSE: PURCHASE CHASSIS FOR BRUSH/FIRE FIGHTING VEHICLE | $50,000 |
JACKSON COUNTY HOSPITAL DIST PURPOSE: PURCHASE GENERAC GENERATOR FOR THE JACKSON COUNTY HOSPITAL | $110,000 |