Records-Johnston Family Foundation Inc
- Assets
- $88.3m
- Revenue
- $7.1m
- Investments
- $81.7m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 10/1953
- Data as of
- 12/2022
- EIN
- 73-6093829
Organization Overview
Records-Johnston Family Foundation Inc is located in Oklahoma City, OK. The organization was established in 1953. 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. Records-Johnston Family 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 12/2022, Records-Johnston Family Foundation Inc generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Reindl Secretary & Treasurer | 1 | $0 | |
George J Records President | 1 | $0 | |
Kathryn R Ryan Vice President | 1 | $0 | |
G Jeffrey Records Jr Vice President | 1 | $0 | |
Martha E Records Vice President | 1 | $0 | |
Wendy Kongs Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,038,833 |
| Interest on Savings | $58,410 |
| Dividends & Interest | $2,371,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $592,123 |
| Capital Gain Net Income | $592,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,194 |
| Total Revenue | $7,068,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $254,616 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,946 |
| Total operating and administrative expenses | $503,758 |
| Contributions, gifts, grants paid | $5,053,678 |
| Total expenses and disbursements | $5,557,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,859,143 |
| 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 | $771,483 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,782,493 |
| Total assets | $88,313,374 |
| Accounts payable and accrued expenses | $1,846,833 |
| 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 | $1,846,833 |