R C Johnson Jr Foundation Inc
- Assets
- $3.5m
- Revenue
- $298.8k
- Investments
- $3.5m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 75-2954057
Organization Overview
R C Johnson Jr Foundation Inc is located in Lubbock, TX. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. R C Johnson Jr 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 12/2023, R C Johnson Jr Foundation Inc generated $298.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $407.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, R C Johnson Jr Foundation Inc has awarded 73 individual grants totaling $1,315,861. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE (FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO EXEMPT ORGANIZATIONS)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Johnson President | 4 | $18,000 | |
Kathy Johnson Hurley Vice Preside | 4 | $6,000 | |
Jeremy Velasquez Secretary | 4 | $32,400 | |
Justin Velasquez Treasurer | 4 | $32,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,750 |
| Dividends & Interest | $52,435 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $236,630 |
| Capital Gain Net Income | $232,998 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $298,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,800 |
| Other employee salaries and wages | $60,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $753 |
| Total operating and administrative expenses | $178,265 |
| Contributions, gifts, grants paid | $229,415 |
| Total expenses and disbursements | $407,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,127 |
| Savings and temporary cash investments | $10,671 |
| 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 | $2,581 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,192,296 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,535,780 |
| 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, R C Johnson Jr Foundation Inc has awarded $229,415 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITAN'S PURSE PURPOSE: GENERAL PURPOSE | $25,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $10,500 |
UMC CHILDRENS MIRACLE NETWORK PURPOSE: GENERAL PURPOSE | $33,240 |
TEXAS TECH FOUNDATION PURPOSE: GENERAL PURPOSE | $42,500 |
BALLET LUBBOCK PURPOSE: GENERAL PURPOSE | $10,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: GENERAL PURPOSE | $29,730 |