Forrest & Lena Johnson Memorial Foundation
- Assets
- $1.0m
- Revenue
- $129.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pascagoula, MS
- Founding
- 05/1988
- Data as of
- 06/2021
- EIN
- 64-0748891
Organization Overview
Forrest & Lena Johnson Memorial Foundation is located in Pascagoula, MS. The organization was established in 1988. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forrest & Lena Johnson Memorial 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 06/2021, Forrest & Lena Johnson Memorial Foundation generated $129.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $84.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forrest & Lena Johnson Memorial Foundation has awarded 14 individual grants totaling $505,483. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SUPPORT OF CATHOLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT OF CATHOLIC EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Matthew Kuluz Director | Trustee | 1 | $1,000 |
Dr Munson Hinman Director | Trustee | 1 | $1,000 |
Michael Turner Director | Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $30,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,013 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,586 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,339 |
| Total functional expenses | $84,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,548 |
| Savings and temporary cash investments | $54,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $959,166 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,016,215 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,016,215 |
| Total liabilities and net assets/fund balances | $1,016,215 |
Grants Awarded
Over the last fiscal year, Forrest & Lena Johnson Memorial Foundation has awarded $67,505 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Biloxi, MS PURPOSE: CATHOLIC EDUCATION | $37,745 |
SISTERS OF THE MOST HOLY SACRAMENT PURPOSE: CATHOLIC EDUCATION | $29,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Mississippi United Methodist Foundation Inc Ridgeland, MS | $147,699,774 | -$799,975 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Back To Jerusalem Inc Laurel, MS | $888,036 | $1,572,378 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Noah Arc Community Development Corporation Inc Minden, LA | $7,905,393 | $1,130,663 |
Alliance Ministries Birmingham, AL | $249,825 | $771,024 |
Hope For The World Foundation Inc Spring Hill, TN | $130,711 | $613,253 |
Stegall Seminary Scholarshipendowment Foundation Montgomery, AL | $7,939,280 | $688,672 |
South American Foreign Missions Inc Jonesville, LA | $530,076 | $465,072 |