James M Johnston Trust For Charitable Education
- Assets
- $89.6m
- Revenue
- $2.5m
- Investments
- $83.8m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 05/1969
- Data as of
- 12/2023
- 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 12/2023, James M Johnston Trust For Charitable Education generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
W Dunbar Gram Trustee | 20 | $84,000 | |
Helen Pate Trustee | 15 | $84,000 | |
Theo T Hayes Trustee | 15 | $84,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Evans & Thompson Pllc | 12/30/23 | $53,758 |
Glenmede Trust Company | 12/30/23 | $360,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,179,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,562 |
| Capital Gain Net Income | $287,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,467,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $252,000 |
| Other employee salaries and wages | $155,300 |
| Pension plans, employee benefits | $47,675 |
| Interest | $0 |
| Taxes | $40,681 |
| Depreciation | $246 |
| Occupancy | $84,062 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,519 |
| Total operating and administrative expenses | $1,012,982 |
| Contributions, gifts, grants paid | $3,900,331 |
| Total expenses and disbursements | $4,913,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,653 |
| Savings and temporary cash investments | $5,225,105 |
| 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 | $57,146,735 |
| Net Land, buildings, and equipment | $14,246 |
| Other assets | $46,420 |
| Total assets | $89,616,278 |
| 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 |