Page 11 - 2024 November Report

Theodore R. & Vivian M. Johnson Scholarship Foundation, Inc.
STATEMENT OF REVENUE AND EXPENSES
as of October 31, 2024 Statement of Revenue & Expenses Ten Months Ending October 31, 2024
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REVENUE
40000 Investment Gains (Losses) 41000 Interest & Dividends 41500 Miscellaneous Income
TOTAL REVENUE
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)
Year Ending 12/31/23 Actual
27,790,102 211,260 -
28,001,362
175,000 147,329 807,862 246,653
63,628 306,035 23,983 488,025 110,666
371,944 10,400
80,477 348
2,832,350
10,672,291
14,496,721
11/18/2024
Notes:
1. Appreciation of investments is projected at 7.5% for 12 months ending 12/31/24 which is our policy 5% + 2.5% (Prime Buchholz Estimated Inflation Rate). Actual appreciation of investments for 2023 was 12.0% for the Foundation per Prime Buchholz.
2. FFOG's 2022 Admin Costs Survey of 162 foundations found that the average of all 162 foundations surveyed for Charitable Administrative Expenses as % of Average Assets was .89%. In that same survey 29 grant making foundations with assets below $300,000,000 surveyed had an average of 1.29%. Johnson Scholarship Foundation in 2022 was .78%.
2024 Annual Budget
18,855,318 200,000
-
19,055,318
180,000 182,000 838,893 301,048
56,300 328,600 41,765 550,986 115,773
505,000 16,500
141,219 -
3,258,084
9,520,912
6,276,322
11/18/2024
10 Months Actual Ending 10/31/23
7,037,819 169,158 -
7,206,977
130,000 - 685,444 217,836 44,101 296,951 22,066 340,504 101,310
204,460 48,960
57,248 3,383
2,152,263
6,000,787
(946,073)
11/18/2024
10 Months Actual Ending 10/31/24
25,293,775 184,246 -
25,478,021
135,000 - 731,038 217,494 24,540 306,635 40,727 402,561 95,548
208,781 8,680
88,070 237,272
2,496,346
5,464,591
17,517,084
11/18/2024
BALANCE SHEET COMPARISON as of October 31, 2024
Education / A Powerful force for change
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