Bud & Norma Johnson Family Foundation Inc
- Assets
- $401.5k
- Revenue
- $32.7k
- Investments
- $397.6k
- Employees
- 0
- Location
- Georgetown, TX
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 75-2852191
Organization Overview
Bud & Norma Johnson Family Foundation Inc is located in Georgetown, TX. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Bud & Norma Johnson 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, Bud & Norma Johnson Family Foundation Inc generated $32.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $44.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bud & Norma Johnson Family Foundation Inc has awarded 101 individual grants totaling $247,722. 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 |
|---|---|---|---|
Eric Richard Johnson Director | 0.5 | $0 | |
Jeffrey J Johnson Director | 1 | $0 | |
Cynthia Lynn Johnson Director/pres | 1 | $0 | |
Amanda Bradley Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,709 |
| Capital Gain Net Income | $5,709 |
| Net ST Capital Gain | $5,709 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $373 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,848 |
| Contributions, gifts, grants paid | $42,422 |
| Total expenses and disbursements | $44,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,955 |
| 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 | $18,575 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $401,507 |
| 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, Bud & Norma Johnson Family Foundation Inc has awarded $42,422 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALLY'S WISH PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
THE GEORGETOWN PROJECT PURPOSE: GENERAL OPERATING EXPENSES | $2,500 |
ANNUNCIATION MATERNITY HOME PURPOSE: CHRISTMAS APPEAL | $3,500 |
THE CARING PLACE PURPOSE: GENERAL OPERATING EXPENSES | $1,500 |
TIGERTON MAIN STREET PURPOSE: GENERAL OPERATING EXPENSES | $5,000 |
YOUNG LIFE - GEORGETOWN-YOUNG LIVES PURPOSE: GENERAL OPERATING EXPENSES | $1,500 |