J Squared Family Foundation
- Assets
- $21.8m
- Revenue
- $600.7k
- Investments
- $20.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 76-0535844
Organization Overview
J Squared Family Foundation is located in Houston, TX. The organization was established in 1997. 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. J Squared Family 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, J Squared Family Foundation generated $600.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J Squared Family Foundation has awarded 340 individual grants totaling $4,804,222. 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 |
|---|---|---|---|
Ann K Johnson President | 2 | $0 | |
John W Johnson Secretary/treasurer | 2 | $0 | |
Christopher B Johnson Vice President | 2 | $0 | |
Kimball Moriniere Vice President | 2 | $0 | |
Ruth J Miller Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55,802 |
| Dividends & Interest | $388,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,685 |
| Capital Gain Net Income | $156,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $600,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250,658 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57 |
| Total operating and administrative expenses | $315,868 |
| Contributions, gifts, grants paid | $936,000 |
| Total expenses and disbursements | $1,251,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,293,228 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $10,937 |
| 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 | $0 |
| Total assets | $21,846,929 |
| 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, J Squared Family Foundation has awarded $936,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SAMARITAN FOUNDATION PURPOSE: CONTRIBUTION | $5,000 |
NEHEMIAH CENTER PURPOSE: IN HONOR OF JAY T. BROWN | $10,000 |
FRIENDS FORE RECOVERY PURPOSE: CONTRIBUTION | $20,000 |
CHRISTIAN COMMUNITY SERVICE CENTER PURPOSE: CONTRIBUTION | $2,500 |
CAMP ALLEN PURPOSE: CONTRIBUTION | $2,500 |
CAMP ARANZAZU PURPOSE: CONTRIBUTION | $2,500 |