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 12/2021, R C Johnson Jr Foundation Inc generated $714.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $407.1k during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 5 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 2018, R C Johnson Jr Foundation Inc has awarded 52 individual grants totaling $857,351. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE (FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO EXEMPT ORGANIZATIONS)
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeremy Velasquez Secretary | 4 | $32,400 | |
Justin Velasquez Treasurer | 4 | $32,400 | |
Jan Johnson President | 4 | $18,000 | |
Kathy Johnson Hurley Vice Preside | 4 | $6,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $9,750 |
Dividends & Interest | $95,256 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $609,821 |
Capital Gain Net Income | $609,821 |
Net ST Capital Gain | $414 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $714,827 |
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 | $8,361 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $617 |
Total operating and administrative expenses | $177,320 |
Contributions, gifts, grants paid | $229,788 |
Total expenses and disbursements | $407,108 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $26,829 |
Savings and temporary cash investments | $90,872 |
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 | $6,048 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $3,385,564 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $3,810,791 |
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 | $5,132 |
Total liabilities | $5,132 |
Over the last fiscal year, R C Johnson Jr Foundation Inc has awarded $229,788 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
Slaton, TX PURPOSE: GENERAL PURPOSE | $50,653 |
CASA OF THE SOUTH PLAINS PURPOSE: GENERAL PURPOSE | $40,000 |
FREEDOM IN JESUS PURPOSE: GENERAL PURPOSE | $40,000 |
Boone, NC PURPOSE: GENERAL PURPOSE | $25,000 |
Lubbock, TX PURPOSE: GENERAL PURPOSE | $17,500 |
CHILDREN'S HOME OF LUBBOCK PURPOSE: GENERAL PURPOSE | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |