William And Janet Johnston Family Foundation
- Assets
- $3.2m
- Revenue
- $263.6k
- Investments
- $3.1m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4632859
Organization Overview
William And Janet Johnston Family Foundation is located in Southfield, MI. The organization was established in 2017. 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. William And Janet Johnston 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 12/2022, William And Janet Johnston Family Foundation generated $263.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.3%) each year.
Since 2017, William And Janet Johnston Family Foundation has awarded 57 individual grants totaling $792,700. 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 |
|---|---|---|---|
William Johnston President | 0 | $0 | |
Janet Johnston Secretary | 0 | $0 | |
Jodie Hoose Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $179,247 |
| Capital Gain Net Income | $54,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $263,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,116 |
| Contributions, gifts, grants paid | $160,600 |
| Total expenses and disbursements | $166,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,921 |
| 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 | $3,084,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,843 |
| Total assets | $3,244,947 |
| 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 | $82,000 |
| Total liabilities | $82,000 |
Grants Awarded
Over the last fiscal year, William And Janet Johnston Family Foundation has awarded $160,600 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF DETROIT PURPOSE: GENERAL FUND | $10,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: GENERAL FUND | $18,000 |
ST JUDE CHILDREN'S REASEARCH HOSPI PURPOSE: GENERAL FUND | $18,000 |
MERCY HIGH SCHOOL PURPOSE: GENERAL FUND | $10,000 |
WOUNDED WARRIORS FAMILY SUPPORT PURPOSE: GENERAL FUND | $16,000 |
FORGOTTEN HARVEST PURPOSE: GENERAL FUND | $10,000 |