M G & Lillie A Johnson Foundation Inc
- Assets
- $117.2m
- Revenue
- $15.6m
- Investments
- $97.7m
- Employees
- 0
- Location
- Victoria, TX
- Founding
- 10/1966
- Data as of
- 11/2022
- EIN
- 74-6076961
Organization Overview
M G & Lillie A Johnson Foundation Inc is located in Victoria, TX. The organization was established in 1966. 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. M G & Lillie A 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 11/2022, M G & Lillie A Johnson Foundation Inc generated $15.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $11.3m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, M G & Lillie A Johnson Foundation Inc has awarded 43 individual grants totaling $8,146,811. 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 |
|---|---|---|---|
Robert L Halepaska Executive V. | 40 | $278,500 | |
Dennis Simons Trustee | 1 | $1,500 | |
Mh Brock Trustee | 1 | $1,500 | |
Terrell Mullins Trustee | 1 | $1,500 | |
Rosemary Rust Trustee | 1 | $1,000 | |
James Bouligny Vice Chair | 1 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 11/29/22 | $166,179 | |
| 11/29/22 | $80,613 | |
| 11/29/22 | $55,635 | |
| 11/29/22 | $57,586 | |
Ubs Financial Svcs Inc | 11/29/22 | $0 |
Wells Fargo Bank | 11/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,664,225 |
| Net Rental Income | $71,900 |
| Net Gain on Sale of Assets | $773,360 |
| Capital Gain Net Income | $773,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,072,597 |
| Total Revenue | $15,582,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $287,000 |
| Other employee salaries and wages | $32,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $914,429 |
| Depreciation | $0 |
| Occupancy | $22,149 |
| Travel, conferences, and meetings | $9,999 |
| Printing and publications | $0 |
| Other expenses | $72,528 |
| Total operating and administrative expenses | $1,713,589 |
| Contributions, gifts, grants paid | $9,607,200 |
| Total expenses and disbursements | $11,320,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,000 |
| Savings and temporary cash investments | $16,600,599 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,680,329 |
| Other assets | $15,580 |
| Total assets | $117,204,878 |
| 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, M G & Lillie A Johnson Foundation Inc has awarded $8,146,811 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
El Campo, TX PURPOSE: CONSTRUCTION OF NEW HOSPITAL WING | $1,500,000 |
UNIV OF HOUSTON-VICTORIA PURPOSE: PARTIAL FUNDING CONSTRUCTION OF HEALTH & WELLNESS CENTER | $1,000,000 |
UNIVERSITY OF HOUSTON - VICTORIA PURPOSE: FUNDING FOR STUDENT HEALTH & WELLNESS CENTER | $1,000,000 |
VICTORIA COLLEGE PURPOSE: PARTIAL FUNDING FOR CONSTRUCION OF A COMPREHENSIVE STUDENT CENTER | $750,000 |
VICTORIA COLLEGE PURPOSE: SCHOLARSHIPS FOR NURSING & ALLIED HEALTH STUDENTS | $550,000 |
Port Lavaca, TX PURPOSE: FUND PURCHASE OF RADIOGRAPHY & FLUOROSCOPY SYSTEM | $453,582 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |