The Johnson Foundation Inc
- Assets
- $2.9m
- Revenue
- $71.9k
- Investments
- $2.8m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 12/1988
- Data as of
- 06/2023
- EIN
- 58-1767548
Organization Overview
The Johnson Foundation Inc is located in Knoxville, TN. The organization was established in 1988. 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. 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 06/2023, Johnson Foundation Inc generated $71.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $61.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOHNSON FOUNDATION, INC.'S PURPOSE IS TO ADVANCE AND PROMOTE THE FINANCIAL INTEREST AND WELFARE OF JOHNSON UNIVERSITY THROUGH THE ACQUISITION AND DISPOSITION OF PROPERTY BY GRANT, GIFT, PURCHASE, DEVISE, OR BEQUEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Thomas Smith Jr President | 2 | $0 | |
Paul T Coleman Secretary And Director | 2 | $0 | |
Linda Reid Treasurer | 2 | $0 | |
Richard Clark Director | 2 | $0 | |
Philip A Eubanks Director | 2 | $0 | |
Richard E Woods Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $60,127 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $61,759 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $61,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,002 |
| 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 | $2,802,231 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,946,233 |
| Accounts payable and accrued expenses | $9,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,029,021 |
| Other liabilities | $0 |
| Total liabilities | $2,038,872 |