Betty Wold Johnson Foundation
- Assets
- $471.0m
- Revenue
- $492.1m
- Investments
- $447.6m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 83-4428102
Organization Overview
Betty Wold Johnson Foundation is located in Palm Beach, FL. The organization was established in 2020. 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. Betty Wold Johnson Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Ira Akselrad President | 0.25 | $0 | |
Christopher W Johnson Co-President | 0.25 | $0 | |
Robert W Johnson IV Co-President | 0.25 | $0 | |
Theresa Altobelli Treasurer | 0.25 | $0 | |
Lauren Howard Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $478,171,461 |
| Interest on Savings | $74,006 |
| Dividends & Interest | $11,322,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,530,253 |
| Capital Gain Net Income | $2,530,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $492,098,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $79,305 |
| Taxes | $270,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88,659 |
| Total operating and administrative expenses | $1,068,604 |
| Contributions, gifts, grants paid | $20,000,000 |
| Total expenses and disbursements | $21,068,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,689,994 |
| Savings and temporary cash investments | $16,744,235 |
| 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 | $447,553,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $42,090 |
| Total assets | $471,029,577 |
| 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 |