Charles & Lisa Johnson Memorial Foundation Inc
- Assets
- $105.6k
- Revenue
- $5.2k
- Investments
- $99.9k
- Employees
- 0
- Location
- Gadsden, AL
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 42-1556307
Organization Overview
Charles & Lisa Johnson Memorial Foundation Inc is located in Gadsden, AL. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles & Lisa Johnson Memorial 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, Charles & Lisa Johnson Memorial Foundation Inc generated $5.2k 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 (27.9%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles & Lisa Johnson Memorial Foundation Inc has awarded 31 individual grants totaling $267,014. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Johnson President | 5 | $0 | |
Annette Mayben Vice President | 5 | $0 | |
Donna Kilgore Secretarytreasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,102 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,184 |
| Capital Gain Net Income | $1,184 |
| Net ST Capital Gain | $383 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,008 |
| Contributions, gifts, grants paid | $6,088 |
| Total expenses and disbursements | $8,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,765 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $105,631 |
| 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, Charles & Lisa Johnson Memorial Foundation Inc has awarded $23,590 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LINDY OLIVER PURPOSE: EDUCATION SCHOLARSHIP | $16,660 |
GRAHAM RAINS PURPOSE: MEDICAL SERVICES | $6,930 |