Theodore R & Vivian M Johnson Scholarship Foundation Inc
- Assets
- $195.1m
- Revenue
- $247.8k
- Investments
- $190.4m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 31-1613890
Organization Overview
Theodore R & Vivian M Johnson Scholarship Foundation Inc is located in West Palm Beach, FL. The organization was established in 1998. 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. Theodore R & Vivian M Johnson Scholarship Foundation Inc 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, Theodore R & Vivian M Johnson Scholarship Foundation Inc generated $247.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $17.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Theodore R & Vivian M Johnson Scholarship Foundation Inc has awarded 706 individual grants totaling $68,628,475. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Krause CFO | 40 | $249,519 | |
R Malcolm Macleod Board Chair/director | 40 | $71,971 | |
Hugh Brown Secretary/consultant/director | 4 | $43,237 | |
Sherry Salway Black Board Vice Chair/director | 4 | $51,971 | |
David Blaikie Consultant/director | 4 | $51,971 | |
Robert Krause Ceo/director | 40 | $343,653 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz Llc | 12/30/22 | $330,465 |
Adage Capital Partners | 12/30/22 | $289,706 |
Silchester International Value Equity | 12/30/22 | $161,481 |
True Green Capital Management Llc | 12/30/22 | $150,733 |
Diameter Offshore Fund Lp | 12/30/22 | $149,469 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,570 |
| Dividends & Interest | $4,426,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,452,505 |
| Capital Gain Net Income | $8,452,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,643,703 |
| Total Revenue | $247,796 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,055,466 |
| Other employee salaries and wages | $206,681 |
| Pension plans, employee benefits | $216,886 |
| Interest | $0 |
| Taxes | $520,009 |
| Depreciation | $0 |
| Occupancy | $87,996 |
| Travel, conferences, and meetings | $458,118 |
| Printing and publications | $16,288 |
| Other expenses | $3,046,807 |
| Total operating and administrative expenses | $6,221,073 |
| Contributions, gifts, grants paid | $11,204,758 |
| Total expenses and disbursements | $17,425,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,652,121 |
| 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 | $15,100 |
| Total assets | $195,083,531 |
| 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, Theodore R & Vivian M Johnson Scholarship Foundation Inc has awarded $11,204,758 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
A G BELL FOUNDATION PURPOSE: EDUCATIONAL GRANT | $75,000 |
AANIIIH NAKODA COLLEGE PURPOSE: EDUCATIONAL GRANT | $47,250 |
AMERICAN INDIAN SCIENCE & ENG SOCIETY PURPOSE: EDUCATIONAL GRANT | $100,000 |
BOYS HOPE GIRLS HOPE PURPOSE: EDUCATIONAL GRANT | $85,000 |
ALASKA PACIFIC UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $39,000 |
AMERICAN INDIGENOUS BUSINESS LEADERS PURPOSE: EDUCATIONAL GRANT | $109,000 |