Jimmie Johnson Foundation
- Assets
- $437.7k
- Revenue
- $907.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-2387645
Organization Overview
Jimmie Johnson Foundation is located in Charlotte, NC. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Jimmie Johnson Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jimmie 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 12/2022, Jimmie Johnson Foundation generated $907.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $732.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jimmie Johnson Foundation has awarded 198 individual grants totaling $6,133,158. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JIMMIE JOHNSON FOUNDATION IS DEDICATED TO ASSISTING CHILDREN, FAMILIES, AND COMMUNITIES IN NEED. THE CURRENT FOCUS IS SUPPORTING K-12 PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CURRENTLY FOCUSES ON FUNDING K-12 PUBLIC EDUCATION, PRIMARILY THROUGH THE JIMMIE JOHNSON FOUNDATION CHAMPIONS GRANT PROGRAM. CHAMPIONS GRANTS ARE AWARDED TO SCHOOLS LOCATED IN NORTH CAROLINA TO HELP ADDRESS THEIR CRITICAL NEEDS. IN 2022, THE FOUNDATION GAVE $468462 IN GRANT AWARDS TO 18 SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmie Johnson President | OfficerTrustee | 5 | $0 |
Chandra Johnson Vice President | OfficerTrustee | 5 | $0 |
Michael Bill Secretary | OfficerTrustee | 5 | $0 |
Sam May Treasurer | OfficerTrustee | 5 | $0 |
Chip Shelton Trustee | Trustee | 5 | $0 |
Alicia Morris Rudd Executive Director (jan-June) | Officer | 40 | $76,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $634,331 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,537 |
| Noncash contributions included in lines 1a–1f | $31,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,868 |
| Total Program Service Revenue | $0 |
| Investment income | $1,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $37 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $907,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $473,712 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,362 |
| Compensation of current officers, directors, key employees. | $33,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,158 |
| Advertising and promotion | $2,903 |
| Office expenses | $2,451 |
| Information technology | $18,410 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462 |
| Insurance | $1,165 |
| All other expenses | $0 |
| Total functional expenses | $732,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,121 |
| Savings and temporary cash investments | $432,330 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $437,748 |
| Accounts payable and accrued expenses | $4,636 |
| 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 | $0 |
| Total liabilities | $4,636 |
| Net assets without donor restrictions | $433,112 |
| Net assets with donor restrictions | $0 |
| 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 | $437,748 |
Grants Awarded
Over the last fiscal year, Jimmie Johnson Foundation has awarded $468,462 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
EVERGREEN COMMUNITY CHARTER SCHOOL PURPOSE: CHAMPIONS GRANT - EDUCATION SUPPORT | $13,043 |
COOL SPRING ELEMENTARY SCHOOL PURPOSE: CHAMPIONS GRANT - EDUCATION SUPPORT | $15,000 |
WILLISTON MIDDLE SCHOOL PURPOSE: CHAMPIONS GRANT - EDUCATION SUPPORT | $16,009 |
METRO SCHOOL- CHARLOTTE MECKLENBURG SCHOOL PURPOSE: CHAMPIONS GRANT - EDUCATION SUPPORT | $18,730 |
WILSON COUNTY BOARD OF EDUCATION PURPOSE: CHAMPIONS GRANT - EDUCATION SUPPORT | $19,114 |
STARMOUNT ACADEMY OF EXCELLENCE PURPOSE: CHAMPIONS GRANT - EDUCATION SUPPORT | $17,934 |