Johnny Carson Foundation
- Assets
- $132.0m
- Revenue
- $12.6m
- Investments
- $128.4m
- Employees
- 0
- Location
- Encino, CA
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 20-5885752
Organization Overview
Johnny Carson Foundation is located in Encino, CA. The organization was established in 2006. 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. Johnny Carson 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 06/2022, Johnny Carson Foundation generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $16.5m during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 6 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 2015, Johnny Carson Foundation has awarded 1,599 individual grants totaling $128,185,165. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence L Witzer Coo/cfo/sec/director | 20 | $242,000 | |
Allan L Alexander Ceo/pres/gen Counsel/direc | 20 | $242,000 | |
Steven Sotzing Director | 3 | $41,600 | |
Lawrence Heller Director | 3 | $41,600 | |
Jeffrey Sotzing Chief Program Officer/dire | 16 | $85,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icg Advisors | 6/29/22 | $590,964 |
Gettleson Witzer & O'connor | 6/29/22 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $1,026,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,493,787 |
| Capital Gain Net Income | $9,493,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,029,333 |
| Total Revenue | $12,550,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $652,200 |
| Other employee salaries and wages | $1,350 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $226,155 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,474,001 |
| Total operating and administrative expenses | $3,216,777 |
| Contributions, gifts, grants paid | $13,249,300 |
| Total expenses and disbursements | $16,466,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726,151 |
| Savings and temporary cash investments | $3,052,215 |
| 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 | $98,310,643 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$204,606 |
| Total assets | $131,959,998 |
| 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, Johnny Carson Foundation has awarded $14,139,300 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE CALLED HOME PURPOSE: UNRESTRICTED SUPPORT | $25,000 |
A THOUSAND JOYS PURPOSE: FOSTERING RESILIENCE PROGRAM - $50,000UNRESTRICTED SUPPORT - $50,000 | $100,000 |
ACADEMY OF TV ARTS & SCIENCES PURPOSE: UNRESTRICTED SUPPORT | $35,000 |
A WORLD FIT FOR KIDS PURPOSE: UNRESTRICTED SUPPORT | $30,000 |
AFRICAN AMERICAN BOARD LEADERSHIP INSTITUTE PURPOSE: UNRESTRICTED SUPPORT | $30,000 |
AFRICAN AMERICAN EMPOWEREMENT NETWORK PURPOSE: EMPOWER OMAHA | $10,000 |