Page 9 - 2025 February report
P. 9
Statement of Revenue and Expenses & Balance Sheet Comparison
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TOTAL REVENUE
Theodore R. & Vivian M. Johnson Scholarship Foundation, Inc. Statement of Revenue & Expenses
One Month Ending January 31, 2025
REVENUE
40000 Investment Gains (Losses) 41000 Interest & Dividends 41500 Miscellaneous Income
EXPENSES
50000 Director Fees
50050 Deferred Compensation 50100 Staff Salaries
50200 Employee Benefits 60017 Audit & Taxes
60018 Financial Consulting 60019 Legal Fees
60020 Other Consultants 60200 Rent
60300 Travel, conferences and meetings 60400 Printing and Publications
60500 Office and Grant Making Support 60600 Federal & State Taxes
TOTAL EXPENSES
70000 Grants (Less Recoveries)
NET REVENUE (LOSS)
Balance Sheet Comparison as of January 31, 2025
Year Ending 12/31/24 Actual
27,943,229 199,142 -
28,142,371
180,000 182,776 862,338 266,970
58,615 316,369 41,222 468,085 115,015
378,645 9,790
110,265 236,634
3,226,724
9,607,583
15,308,064
2/12/2025
Notes:
1. Appreciation of investments is projected at 7.5% for 12 months ending 12/31/25 which is our policy 5% + 2.5% (Prime Buchholz Estimated Inflation Rate). Actual appreciation of investments for 2024 was 11.4% for the Foundation per Prime Buchholz.
2. FFOG's 2023 Admin Costs Survey of 167 foundations found that the average of all 167 foundations surveyed for Charitable Administrative Expenses as % of Average Assets was 1.12%. In that same survey 25 grant making foundations with assets below $300,000,000 surveyed had an average of 1.09%. Johnson Scholarship Foundation in 2023 was .85%.
Draft 2025 Annual Budget
20,097,282 185,000
-
20,282,282
180,000 22,000 908,124 329,472 60,850 340,000 10,000 467,424 118,586
549,000 26,600
155,908 -
3,167,964
10,477,228
6,637,090
2/12/2025
1 Month Actual Ending 1/31/24
1,122,201 29,288 -
1,151,489
-
- 63,658 11,434 - 4,641 - 48,964 18,924
(1,083) 30
20,715 (5,408)
161,875
504,815
484,799
2/12/2025
1 Month Actual Ending 1/31/25
5,360,755 11,045 -
5,371,800
-
- 67,292 29,934 - 73,000 - 48,498 9,689
26,134 -
11,973 28
266,548
25,500
5,079,752
2/12/2025
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