James M Johnston Trust For Charitable Education
- Assets
- $100.7m
- Revenue
- $5.8m
- Investments
- $92.1m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 23-7019796
Organization Overview
James M Johnston Trust For Charitable Education is located in Chevy Chase, MD. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James M Johnston Trust For Charitable Education 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, James M Johnston Trust For Charitable Education generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theo T Hayes Trustee | 15 | $84,000 | |
Helen Pate Trustee | 15 | $84,000 | |
W Dunbar Gram Trustee | 20 | $84,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Evans & Thompson Pllc | 12/30/21 | $64,581 |
Glenmede Trust Company | 12/30/21 | $334,171 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $513,582 |
| Dividends & Interest | $1,273,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,021,167 |
| Capital Gain Net Income | $4,021,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,808,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $252,000 |
| Other employee salaries and wages | $136,415 |
| Pension plans, employee benefits | $42,638 |
| Interest | $0 |
| Taxes | $57,352 |
| Depreciation | $246 |
| Occupancy | $41,167 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,669 |
| Total operating and administrative expenses | $995,413 |
| Contributions, gifts, grants paid | $4,599,787 |
| Total expenses and disbursements | $5,595,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,314 |
| Savings and temporary cash investments | $8,530,120 |
| 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 | $57,965,792 |
| Net Land, buildings, and equipment | $6,952 |
| Other assets | $19,875 |
| Total assets | $100,724,817 |
| 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 |
Peer Organizations
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|---|---|---|
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University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
St Coletta Special Education Charter School Washington, DC | $5,593,916 | $18,247,797 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Virginia Commonwealth University Foundation Richmond, VA | $117,210,353 | $9,637,107 |
University Of Virginia Healt Foundation Charlottesville, VA | $89,840,390 | $9,560,297 |
St Catherines School Foundation Richmond, VA | $65,797,019 | $8,901,214 |
Eastern Virginia Medical School Foundation Norfolk, VA | $165,919,612 | $19,028,464 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |