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 12/2021, V And J Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, V And J Foundation has awarded 81 individual grants totaling $3,895,000. 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
2021
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 $950,000 WAS GRANTED TO 21 SUCH ORGANIZATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Johnston President | 0 | $0 | |
Joe Johnston Director | 0 | $0 | |
Stephen Johnston Director | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $2 |
Dividends & Interest | $310,103 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $1,220,422 |
Capital Gain Net Income | $1,220,422 |
Net ST Capital Gain | $139,151 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $1,530,527 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $64,159 |
Contributions, gifts, grants paid | $950,000 |
Total expenses and disbursements | $1,014,159 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $378,783 |
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 | $10,156,797 |
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 |
Over the last fiscal year, V And J Foundation has awarded $950,000 in support to 21 organizations.
Grant Recipient | Amount |
---|---|
Boone, NC PURPOSE: GENERAL | $100,000 |
INTERNATIONAL STUDENTS INC PURPOSE: OUTREACH PROGRAM | $60,000 |
Phoenix, AZ PURPOSE: GENERAL | $60,000 |
WORLD LITERATURE CRUSADE PURPOSE: GENERAL | $60,000 |
IRIS PURPOSE: GENERAL | $60,000 |
FRONTIER VENTURES PURPOSE: GENERAL FUND | $55,000 |
Organization Name | Assets | Revenue |
---|---|---|
Panta Rhea Foundation Inc La Jolla, CA | $7,390,044 | $496,518 |
The Helen Diller Family Foundation San Francisco, CA | $1,836,980 | $8,770,214 |
Stephen M Silberstein Foundation Belvedere, CA | $79,901,221 | $6,376,686 |
Wholesale Beer Distributors Industry Trust Pleasanton, CA | $3,898,810 | $9,106,079 |
Tw Ld Mceachearn Las Vegas, NV | $148,667,574 | $29,051,713 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Rea Charitable Trust Las Vegas, NV | $108,024,869 | $14,015,969 |
Klm Foundation Los Angeles, CA | $0 | $8,859,147 |
Nobbs Family Foundation San Diego, CA | $61,708,862 | $4,055,115 |
P F Bresee Foundation Los Angeles, CA | $3,574,521 | $4,338,707 |
Hitz Foundation Palo Alto, CA | $70,645,117 | $12,925,863 |
Borina Foundation Burlingame, CA | $0 | $77,406 |