Johnson Foundation Inc
- Assets
- $58.2m
- Revenue
- $4.3m
- Investments
- $42.5m
- Employees
- 0
- Location
- Racine, WI
- Founding
- 09/2003
- Data as of
- 06/2022
- EIN
- 38-3675289
Organization Overview
Johnson Foundation Inc is located in Racine, WI. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. 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 06/2022, Johnson Foundation Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Johnson Foundation Inc has awarded 103 individual grants totaling $122,033. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus White President | 40 | $215,796 | |
Michael Kaminski Facilities | 40 | $123,737 | |
Paul Steiner Facilities | 40 | $87,365 | |
Patrick Jamieson Controller | 40 | $85,562 | |
Ashley Staek Program | 40 | $82,331 | |
Barbara Suprak Administration | 40 | $73,016 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Conference Centers | 6/29/22 | $547,986 |
All-pro Mechanical Inc | 6/29/22 | $90,038 |
Brightview Landscapes Llc | 6/29/22 | $77,576 |
Heartland Business Systems | 6/29/22 | $60,398 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $722,063 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,148,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,594,079 |
| Capital Gain Net Income | $2,007,924 |
| Net ST Capital Gain | $7,841 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $874,026 |
| Total Revenue | $4,338,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $269,918 |
| Other employee salaries and wages | $653,070 |
| Pension plans, employee benefits | -$286,439 |
| Interest | $131,275 |
| Taxes | $9,270 |
| Depreciation | $690,716 |
| Occupancy | $348,459 |
| Travel, conferences, and meetings | $90,490 |
| Printing and publications | $0 |
| Other expenses | $1,622,033 |
| Total operating and administrative expenses | $3,934,400 |
| Contributions, gifts, grants paid | $15,135 |
| Total expenses and disbursements | $3,949,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $1,174,087 |
| Net Accounts receivable | $719,063 |
| 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 | $166,560 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,505,817 |
| Net Land, buildings, and equipment | $13,311,981 |
| Other assets | $371,986 |
| Total assets | $58,249,744 |
| Accounts payable and accrued expenses | $216,122 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,914,550 |
| Other liabilities | $1,615,582 |
| Total liabilities | $5,746,254 |
Grants Awarded
Over the last fiscal year, Johnson Foundation Inc has awarded $13,304 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF RACINE PURPOSE: GENERAL DONATION | $7,104 |
Racine, WI PURPOSE: GENERAL DONATION | $750 |
Racine, WI PURPOSE: GENERAL DONATION | $700 |
Benton, AR PURPOSE: GENERAL DONATION | $500 |
HALO PURPOSE: GENERAL DONATION | $500 |
Racine, WI PURPOSE: GENERAL DONATION | $500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Johnson Foundation Inc has recieved totaling $46,400.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: UNPLUG LEADERSHIP RETREAT FOR MILWAUKEE COMMUNITY ACTIVISTS, ADVOCATES AND ORGANIZERS | $23,200 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: UNPLUG LEADERSHIP RETREAT FOR MILWAUKEE COMMUNITY ACTIVISTS, ADVOCATES AND ORGANIZERS | $23,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roderick And Solange Macarthur Justice Center Niles, IL | $137,820,704 | $9,175,098 |
John C Proctor Endowment Peoria, IL | $3,704,865 | $6,462,862 |
Wacosa Waite Park, MN | $12,140,309 | $9,104,818 |
Land Conservation Trust Of Southern Illinois Chicago, IL | $0 | $8,667,779 |
World Food Prize Foundation Urbandale, IA | $73,712,928 | $6,192,203 |
Center To Combat Human Trafficking Decatur, IL | $69,172,505 | $43,496,794 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Fmc Aquatic Opportunities Chicago, IL | $22,984,375 | $1,955,015 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Jeffers Foundation Plymouth, MN | $13,209,879 | $451,010 |
Saga Foundation Kalamazoo, MI | $17,766,736 | $2,178,963 |
Coregiving Co Chicago, IL | $192,857 | $1,890,844 |