Nonprofit · EIN 31-1613890
THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC
Tax-exempt · WEST PALM BCH, FL 33401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $18,682,747 | $16,630,818 | $2,051,929 | $202,800,670 | $0 | $202,800,670 |
| December 31, 2023 | 990-PF | $22,582,585 | $16,917,375 | $5,665,210 | $200,748,741 | $0 | $200,748,741 |
| December 31, 2022 | 990-PF | $247,796 | $17,425,831 | -$17,178,035 | $195,083,531 | $0 | $195,083,531 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $4,633,211
- Interest
- $840
- Net gain from sales of assets
- $10,440,336
- Other income
- $3,608,360
Expenses
- Grants and similar amounts paid
- $9,607,955
- Compensation of officers, directors and key employees
- $1,038,980
- Salaries, compensation and benefits (total)
- $325,216
- Disbursements for charitable purposes
- $11,843,190
- Excise tax on investment income
- $397,607
Balance sheet and other
- Total assets, start of year
- $200,748,741
- Total assets, end of year
- $202,800,670
- Total liabilities, end of year
- $0
- Net assets, end of year
- $202,800,670
- Fair market value of assets
- $268,990,731
- Qualifying distributions
- $11,843,190
- Net investment income
- $33,392,428
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT KRAUSE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CEO/DIRECTOR | 40 | $375,122 | $41,400 |
| R MALCOLM MACLEOD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | BOARD CHAIR/DIRECTOR | 40 | $182,036 | $182,776 |
| THOMAS A PENCE JR ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CFO | 40 | $182,000 | $21,840 |
| SHARON WOOD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | PROGRAM OFFICER & OF Highest-paid employee | 40 | $125,682 | $15,082 |
| LADY HEREFORD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | PROGRAM SPECIALIST Highest-paid employee | 40 | $117,937 | $9,098 |
| LISA LOOMIS ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | EXECUTIVE COORDINATO Highest-paid employee | 40 | $81,597 | $9,792 |
| SHERRY SALWAY BLACK ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | BOARD VICE CHAIR/DIRECTOR | 4 | $55,078 | $0 |
| DAVID BLAIKIE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CONSULTANT/DIRECTOR | 4 | $55,078 | $0 |
| RICHARD KRAUSE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $49,629 | $0 |
| BEA AWONIYI ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | TREASURER/DIRECTOR | 2 | $20,000 | $0 |
| MIKE J MILLER ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
| BILL J CORWIN ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
| ANGELIQUE ALBERT ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT KRAUSE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CEO/DIRECTOR | 40 | $361,464 | $43,376 |
| RICHARD KRAUSE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | FORMER CFO | 40 | $153,558 | $18,427 |
| R MALCOLM MACLEOD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | BOARD CHAIR/DIRECTOR | 40 | $135,708 | $147,329 |
| SHARON WOOD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | PROGRAM OFFICER & OF Highest-paid employee | 40 | $120,847 | $14,502 |
| LADY HEREFORD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | PROGRAM SPECIALIST Highest-paid employee | 40 | $97,201 | $11,664 |
| THOMAS A PENCE JR ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CONTROLLER Highest-paid employee | 40 | $94,792 | $11,375 |
| SHERRY SALWAY BLACK ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | BOARD VICE CHAIR/DIRECTOR | 4 | $53,729 | $0 |
| DAVID BLAIKIE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CONSULTANT/DIRECTOR | 4 | $53,729 | $0 |
| BEA AWONIYI ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | TREASURER/DIRECTOR | 2 | $20,000 | $0 |
| MIKE J MILLER ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
| BILL J CORWIN ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
| ANGELIQUE ALBERT ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $15,000 | $0 |
990-PF for the year ended December 31, 2022: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT KRAUSE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CEO/DIRECTOR | 40 | $343,653 | $36,600 |
| RICHARD KRAUSE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CFO | 40 | $249,519 | $29,942 |
| SHARON WOOD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | PROGRAM OFFICER & OF Highest-paid employee | 40 | $114,547 | $13,746 |
| LADY HEREFORD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | PROGRAM SPECIALIST Highest-paid employee | 40 | $92,134 | $11,056 |
| R MALCOLM MACLEOD ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | BOARD CHAIR/DIRECTOR | 40 | $71,971 | $183,145 |
| SHERRY SALWAY BLACK ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | BOARD VICE CHAIR/DIRECTOR | 4 | $51,971 | $0 |
| DAVID BLAIKIE ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | CONSULTANT/DIRECTOR | 4 | $51,971 | $0 |
| HUGH BROWN ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | SECRETARY/CONSULTANT/DIRECTOR | 4 | $43,237 | $0 |
| BEA AWONIYI ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | TREASURER/DIRECTOR | 2 | $20,000 | $0 |
| MIKE J MILLER ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
| BILL J CORWIN ONE N CLEMATIS STREET SUITE 307, WEST PALM BEACH, FL 33401 | DIRECTOR | 2 | $20,000 | $0 |
Address and contacts
- Address (IRS master file)
- 1 N CLEMATIS ST STE 307, WEST PALM BCH, FL 33401-5551
- In care of
- % RICHARD A KRAUSE
- Signed the 990-PF
- THOMAS A PENCE JR, CFO
- Phone
- (561) 659-2005
- Website
- WWW.JSF.BZ
- Return prepared by
- TEMPLETON & COMPANY LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 31-1613890
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $202,800,670
- Income (IRS master file)
- $21,804,824
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $18,682,747 | $16,630,818 | $202,800,670 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $22,582,585 | $16,917,375 | $200,748,741 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | $247,796 | $17,425,831 | $195,083,531 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1613890).
Questions about THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC
- What is the EIN of THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC is 31-1613890.
- Is THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $375,122 (ROBERT KRAUSE, CEO/DIRECTOR).
- How much revenue does THEODORE R & VIVIAN M JOHNSON SCHOLARSHIP FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $18,682,747, expenses of $16,630,818 and total assets of $202,800,670 at year end.
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