C Richard Johnson & Verna Louise Johnson Foundation Inc
- Assets
- $6.0m
- Revenue
- $369.2k
- Investments
- $5.9m
- Employees
- 0
- Location
- Boonville, IN
- Founding
- 04/2019
- Data as of
- 06/2024
- EIN
- 35-1834676
Organization Overview
C Richard Johnson & Verna Louise Johnson Foundation Inc is located in Boonville, IN. The organization was established in 2019. 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. C Richard Johnson & Verna Louise Johnson 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 06/2024, C Richard Johnson & Verna Louise Johnson Foundation Inc generated $369.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $537.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, C Richard Johnson & Verna Louise Johnson Foundation Inc has awarded 306 individual grants totaling $3,628,053. 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 |
|---|---|---|---|
Kenneth R Schaaf President | 5 | $17,000 | |
Troy L Huffman Treasurer | 10 | $31,000 | |
Tony Aylsworth Secretary | 5 | $17,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,751 |
| Dividends & Interest | $208,853 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $147,501 |
| Capital Gain Net Income | $93,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,072 |
| Total Revenue | $369,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,007 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,038 |
| Total operating and administrative expenses | $74,155 |
| Contributions, gifts, grants paid | $463,416 |
| Total expenses and disbursements | $537,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,003 |
| 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 | $341,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,960,220 |
| 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, C Richard Johnson & Verna Louise Johnson Foundation Inc has awarded $463,416 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BOONVILLE JR LEAGUE BASEBALL PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
BOONVILLE NOW INC PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
BOONVILLE FIRE DEPARTMENT PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
CHANDLER CUMBERLAND PRES CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
BREAD OF LIFE MINISTRY INC PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
CHEMO BUDDIES INC PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |