Lowell N Johnson Charitable Foundation
- Assets
- $6.6m
- Revenue
- $634.3k
- Investments
- $6.3m
- Employees
- 0
- Location
- Moline, IL
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 46-0484573
Organization Overview
Lowell N Johnson Charitable Foundation is located in Moline, IL. The organization was established in 2002. 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. Lowell N Johnson Charitable Foundation 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, Lowell N Johnson Charitable Foundation generated $634.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $753.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lowell N Johnson Charitable Foundation has awarded 405 individual grants totaling $3,469,400. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,099 |
| Interest on Savings | $0 |
| Dividends & Interest | $427,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,005 |
| Capital Gain Net Income | $190,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,530 |
| Total Revenue | $634,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,655 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $369 |
| Total operating and administrative expenses | $267,963 |
| Contributions, gifts, grants paid | $485,900 |
| Total expenses and disbursements | $753,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,532 |
| 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 | $12,084 |
| Total assets | $6,632,885 |
| 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, Lowell N Johnson Charitable Foundation has awarded $485,900 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA COLLEGE PURPOSE: CHARITABLE SUPPORT | $2,500 |
BETHANY HOME PURPOSE: CHARITABLE SUPPORT | $3,000 |
BLACKHAWK COLLEGE PURPOSE: CHARITABLE SUPPORT | $20,000 |
CHILD ABUSE COUNCIL PURPOSE: CHARITABLE SUPPORT | $15,000 |
BOYS AND GIRLS CLUB PURPOSE: CHARITABLE SUPPORT | $5,000 |
JUNIOR ACHIEVEMENT PURPOSE: CHARITABLE SUPPORT | $6,000 |