Rose Montgomery@johnston Family Foundation
- Assets
- $6.1m
- Revenue
- $324.5k
- Investments
- $6.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-6540443
Organization Overview
Rose Montgomery@johnston Family Foundation is located in Memphis, TN. The organization was established in 2016. 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. Rose Montgomery@johnston 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.
Since 2018, Rose Montgomery@johnston Family Foundation has awarded 283 individual grants totaling $2,034,500. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rose M Johnston Chairman | 0 | $0 | |
Bailey Johnston Farrin Trustee | 0 | $0 | |
Mary Johnston Carloss Trustee | 0 | $0 | |
Sarah Johnston Spencer Trustee | 0 | $0 | |
Elizabeth M Johnston Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $181,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,315 |
| Capital Gain Net Income | $112,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,033 |
| Total Revenue | $324,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,393 |
| Total operating and administrative expenses | $73,125 |
| Contributions, gifts, grants paid | $334,500 |
| Total expenses and disbursements | $407,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,317 |
| 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 | $560,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,069,303 |
| 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, Rose Montgomery@johnston Family Foundation has awarded $334,500 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS' EPISCOPAL CHURCH PURPOSE: SUPPORT RELIGIOUS ACTIVITIES | $30,000 |
A STEP AHEAD FOUNDATION PURPOSE: COMMUNITY SUPPORT | $500 |
ARTS MEMPHIS PURPOSE: ARTS/CULTURAL | $500 |
BALLET SPARTANBURG PURPOSE: ARTS/CULTURAL | $1,000 |
CALVARY EPISCOPAL CHURCH PURPOSE: SUPPORT RELIGIOUS ACTIVITIES | $50,500 |
CHAPMAN CENTER FOR PHILANTHROPYSPARTANBURG COUNTY FOUNDATION PURPOSE: SUPPORT PHILANTHROPY | $51,500 |