Lloyd K Johnson Foundation
- Assets
- $33.6m
- Revenue
- $3.0m
- Investments
- $33.4m
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 02/1976
- Data as of
- 12/2021
- 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 12/2021, Lloyd K Johnson Foundation generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lloyd K Johnson Foundation has awarded 590 individual grants totaling $8,918,167. 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 |
|---|---|---|---|
Joan Gardner-Goodno Executive Di | 40 | $151,978 | |
Stephen Surbaugh President/ce | 2 | $0 | |
Susan Michels Vice Preside | 2 | $0 | |
Darryl E Coons Director | 2 | $0 | |
Cindy Hansen Director | 2 | $0 | |
Lynn Goerdt Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87 |
| Dividends & Interest | $633,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,386,687 |
| Capital Gain Net Income | $2,386,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,141 |
| Total Revenue | $3,026,919 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,978 |
| Other employee salaries and wages | $70,232 |
| Pension plans, employee benefits | $25,725 |
| Interest | $0 |
| Taxes | $39,320 |
| Depreciation | $1,193 |
| Occupancy | $13,049 |
| Travel, conferences, and meetings | $1,147 |
| Printing and publications | $0 |
| Other expenses | $29,927 |
| Total operating and administrative expenses | $461,062 |
| Contributions, gifts, grants paid | $1,167,860 |
| Total expenses and disbursements | $1,628,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,494 |
| 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 | $4,654 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,357,929 |
| Net Land, buildings, and equipment | $1,790 |
| Other assets | $0 |
| Total assets | $33,611,867 |
| Accounts payable and accrued expenses | $18 |
| Grants payable | $258,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $23,048 |
| Total liabilities | $281,566 |
Grants Awarded
Over the last fiscal year, Lloyd K Johnson Foundation has awarded $1,342,013 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE SUPERIOR COLLEGE PURPOSE: SCHOLARSHIPS | $62,141 |
SAFE HAVEN SHELTER & PURPOSE: SHELTER REMODEL | $50,000 |
Finland, MN PURPOSE: REOPENING WOLF RIDGE | $50,000 |
Grand Marais, MN PURPOSE: STUDENT SUPPORT & SCHOLARSHIPS | $45,000 |
Duluth, MN PURPOSE: LEGACY HOUSE CAPITAL PROJECT | $40,000 |
Duluth, MN PURPOSE: TRUE NORTH AMERICROPS COVID GAP FUND | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |