V And J Foundation
- Assets
- $10.2m
- Revenue
- $1.5m
- Investments
- $9.8m
- Employees
- 0
- Location
- Gilbert, AZ
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-4745700
Organization Overview
V And J Foundation is located in Gilbert, AZ. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. V And J 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 12/2021, V And J Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, V And J Foundation has awarded 81 individual grants totaling $3,895,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING AND OTHER DISTRIBUTIONS TO OTHER TAX EXEMPT ORGANIZATIONS WITH A FOCUS ON HUMANITARIAN RELIEF, CHURCHES (PRIMARILY CHRISTIAN), EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS SUPPORTING THE FAMILY. THIS YEAR $950,000 WAS GRANTED TO 21 SUCH ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Johnston Director | 0 | $0 | |
Stephen Johnston Director | 0 | $0 | |
Paul Johnston President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $310,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,220,422 |
| Capital Gain Net Income | $1,220,422 |
| Net ST Capital Gain | $139,151 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,530,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $64,159 |
| Contributions, gifts, grants paid | $950,000 |
| Total expenses and disbursements | $1,014,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $378,783 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $10,156,797 |
| 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, V And J Foundation has awarded $950,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Boone, NC PURPOSE: GENERAL | $100,000 |
INTERNATIONAL STUDENTS INC PURPOSE: OUTREACH PROGRAM | $60,000 |
WORLD LITERATURE CRUSADE PURPOSE: GENERAL | $60,000 |
IRIS PURPOSE: GENERAL | $60,000 |
Phoenix, AZ PURPOSE: GENERAL | $60,000 |
FRONTIER VENTURES PURPOSE: GENERAL FUND | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |
Borina Foundation Burlingame, CA | $0 | $77,406 |