The Wece B And Martha A Johnson Foundation
- Assets
- $4.1m
- Revenue
- $546.1k
- Investments
- $3.9m
- Employees
- 0
- Location
- Longview, TX
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 75-2659420
Organization Overview
The Wece B And Martha A Johnson Foundation is located in Longview, TX. The organization was established in 1996. 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. Wece B And Martha A 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 12/2022, Wece B And Martha A Johnson Foundation generated $546.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $396.5k during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wece B And Martha A Johnson Foundation has awarded 66 individual grants totaling $1,628,900. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $108,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,349 |
| Capital Gain Net Income | $115,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $321,876 |
| Total Revenue | $546,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,717 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,735 |
| Total operating and administrative expenses | $103,352 |
| Contributions, gifts, grants paid | $293,100 |
| Total expenses and disbursements | $396,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,194 |
| Savings and temporary cash investments | $200,000 |
| 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 | $0 |
| Other assets | $1 |
| Total assets | $4,075,335 |
| 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, The Wece B And Martha A Johnson Foundation has awarded $293,100 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER LONGVIEW UNITED WAY PURPOSE: CAPITAL ADDITION, OPERATIONS | $16,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: CAPITAL IMPROVEMENTS | $203,456 |
LONGVIEW 2020 FORUM PURPOSE: SCHOLARSHIP FUND | $3,000 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $1,500 |
NEWGATE MISSION PURPOSE: CAPITAL IMPROVEMENTS, OPERATIONS | $30,586 |
ASBURY HOUSE PURPOSE: OPERATIONS | $10,638 |