Lloyd K Johnson Foundation
- Assets
- $27.7m
- Revenue
- $1.6m
- Investments
- $27.6m
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 02/1976
- Data as of
- 12/2023
- EIN
- 51-0180842
Organization Overview
Lloyd K Johnson Foundation is located in Duluth, MN. The organization was established in 1976. 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. Lloyd K Johnson 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 12/2023, Lloyd K Johnson Foundation generated $1.6m 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 (8.8%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lloyd K Johnson Foundation has awarded 760 individual grants totaling $11,985,684. 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 |
|---|---|---|---|
Erik Torch Exec. Dir. M | 40 | $99,455 | |
Joan Gardner-Goodno Exec. Dir. J | 40 | $57,553 | |
Stephen Surbaugh President | 2 | $0 | |
Susan Michels Vice Preside | 2 | $0 | |
Jeff Stoddard Treasurer | 2 | $0 | |
Cindy Hansen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $119,629 |
| Interest on Savings | $267 |
| Dividends & Interest | $897,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $609,486 |
| Capital Gain Net Income | $609,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,041 |
| Total Revenue | $1,629,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $157,008 |
| Other employee salaries and wages | $97,359 |
| Pension plans, employee benefits | $28,620 |
| Interest | $0 |
| Taxes | $16,998 |
| Depreciation | $429 |
| Occupancy | $13,844 |
| Travel, conferences, and meetings | $15,616 |
| Printing and publications | $397 |
| Other expenses | $40,057 |
| Total operating and administrative expenses | $502,949 |
| Contributions, gifts, grants paid | $1,243,703 |
| Total expenses and disbursements | $1,746,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,964 |
| 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 | $5,255 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,609,694 |
| Net Land, buildings, and equipment | $645 |
| Other assets | $10,602 |
| Total assets | $27,710,160 |
| 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, Lloyd K Johnson Foundation has awarded $1,402,203 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS NORTHLAND CHAPTE PURPOSE: HOME FIRE PREVENTION & RESPONSE | $10,000 |
BOYS & GIRLS CLUB OF THE NORTHLAND PURPOSE: SOCIAL WELFARE | $20,000 |
COMMUNITY ACTION DULUTH PURPOSE: MOBILE MARKET | $20,000 |
CARE PARTNERS OF COOK COUNTY PURPOSE: GENERAL OPERATIONAL SUPPORT | $20,000 |
COOK COUNTY HIGHER EDUCATION PURPOSE: STUDENT SUPPORT SERVICES & SCHOLARSH | $70,000 |
CONSERVATION CORPS MINNESOTA PURPOSE: SUMMER YOUTH CORPS PROGRAM | $15,000 |