Page 9 - 2025 April Report

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
Three Months Ending March 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 March 31, 2025
Year Ending 12/31/24 Actual
28,396,861 200,469 -
28,597,330
180,000 182,776 862,338 268,141
55,834 316,369 41,222 469,696 115,214
378,645 10,309 109,546 236,634
3,226,724
9,607,583
15,763,023
4/16/2025
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 11.5% 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%.
Actual 2025 Annual Budget
20,104,263 185,000
-
20,289,263
180,000 22,000 976,062 327,645 60,850 340,000 10,000 476,593 118,586
551,500 21,600 155,908 -
3,240,744
10,477,228
6,571,291
4/16/2025
3 Months Actual Ending 3/31/24
13,446,166 68,214 -
13,514,380
35,000 - 190,973 59,895 1,040 76,522 29,409 139,130 38,049
27,187 1,234 42,668 (5,408)
635,699
1,473,317
11,405,364
4/16/2025
3 Months Actual Ending 3/31/25
(973,368) 168,829 -
(804,539)
35,000 - 220,734 81,402 694 82,664 - 109,097 29,629
76,448 1,637 35,832 28
673,165
1,146,500
(2,624,204)
4/16/2025
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