Milton And Denice Johnson Family Foundation
- Assets
- $29.6m
- Revenue
- $1.6m
- Investments
- $24.3m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 85-6607033
Organization Overview
Milton And Denice Johnson Family Foundation is located in Nashville, TN. 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. Milton And Denice Johnson 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 12/2023, Milton And Denice Johnson Family Foundation generated $1.6m 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 (46.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Milton And Denice Johnson Family Foundation has awarded 172 individual grants totaling $3,925,500. 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 |
|---|---|---|---|
R Milton Johnson Chairman | 1 | $0 | |
Denice Johnson Trustee | 1 | $0 | |
Kaitlyn Johnson Trustee | 0 | $0 | |
Tyler Johnson Trustee | 0 | $0 | |
Clark Rollins Trustee | 0 | $0 | |
Lyndsey Rollins Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $179,541 |
| Dividends & Interest | $426,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,030,991 |
| Capital Gain Net Income | $2,210,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,637,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139 |
| Total operating and administrative expenses | $142,080 |
| Contributions, gifts, grants paid | $1,378,000 |
| Total expenses and disbursements | $1,520,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,678 |
| Savings and temporary cash investments | $5,305,661 |
| 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 | $342,719 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,400 |
| Total assets | $29,602,715 |
| 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 | $61,234 |
| Total liabilities | $61,234 |
Grants Awarded
Over the last fiscal year, Milton And Denice Johnson Family Foundation has awarded $1,378,000 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ABE'S GARDEN PURPOSE: CAPITAL CAMPAIGN | $100,000 |
ADOPTION PROJECT PURPOSE: OPERATIONAL SUPPORT | $25,000 |
ALIVE HOSPICE PURPOSE: OPERATIONAL SUPPORT | $10,000 |
AMERICAN CANCER SOCIETY - TN PURPOSE: CAPITAL CAMPAIGN | $50,000 |
AMERICAN RED CROSS OF TENNESSEE PURPOSE: OPERATIONAL SUPPORT | $10,000 |
BELMONT UNIVERSITY PURPOSE: OPERATIONAL SUPPORT | $10,000 |