V And J Foundation
- Assets
- $9.5m
- Revenue
- $461.9k
- Investments
- $9.3m
- Employees
- 0
- Location
- Gilbert, AZ
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-4745700
Organization Overview
V And J Foundation is located in Gilbert, AZ. The organization was established in 2019. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. V And J 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, V And J Foundation generated $461.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (55.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, V And J Foundation has awarded 66 individual grants totaling $3,325,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING AND OTHER DISTRIBUTIONS TO OTHER TAX EXEMPT ORGANIZATIONS WITH A FOCUS ON HUMANITARIAN RELIEF, CHURCHES (PRIMARILY CHRISTIAN), EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS SUPPORTING THE FAMILY. THIS YEAR $1,060,000 WAS GRANTED TO 19 SUCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Johnston President | 0 | $0 | |
Joe Johnston Director | 0 | $0 | |
Stephen Johnston Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $156,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,648 |
| Capital Gain Net Income | $305,648 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $461,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $98,864 |
| Contributions, gifts, grants paid | $1,060,000 |
| Total expenses and disbursements | $1,158,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,145 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,459,824 |
| 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, V And J Foundation has awarded $1,060,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AIDCHILD PURPOSE: GENERAL | $30,000 |
SAMARITAN'S PURSE PURPOSE: GENERAL | $100,000 |
INDO PARTNERS AGENCY PURPOSE: GENERAL | $50,000 |
FRONTIERS PURPOSE: GENERAL | $60,000 |
TRINITY CHRISTIAN FELLOWSHIP PURPOSE: GENERAL | $25,000 |
PIONEERS PURPOSE: GENERAL | $50,000 |