Nonprofit · EIN 75-2954057
R C JOHNSON JR FOUNDATION INC
Tax-exempt · LUBBOCK, TX 79423
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $345,592 | $398,806 | -$53,214 | $3,483,457 | $0 | $3,483,457 |
| December 31, 2023 | 990-PF | $298,815 | $407,680 | -$108,865 | $3,535,780 | $0 | $3,535,780 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $62,848
- Interest
- $7,547
- Net gain from sales of assets
- $275,197
Expenses
- Grants and similar amounts paid
- $224,870
- Compensation of officers, directors and key employees
- $88,800
- Salaries, compensation and benefits (total)
- $60,000
- Disbursements for charitable purposes
- $305,281
- Excise tax on investment income
- $3,504
Balance sheet and other
- Total assets, start of year
- $3,535,780
- Total assets, end of year
- $3,483,457
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,483,457
- Fair market value of assets
- $4,337,809
- Qualifying distributions
- $305,281
- Net investment income
- $345,592
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 |
|---|---|---|---|
| JEREMY VELASQUEZ 6902 8TH STREET, LUBBOCK, TX 79416 | SECRETARY | 4 | $32,400 |
| JUSTIN VELASQUEZ 9305 PR 2450, LUBBOCK, TX 79404 | TREASURER | 4 | $32,400 |
| JAN JOHNSON 2529 86TH ST 100, LUBBOCK, TX 79423 | PRESIDENT | 4 | $18,000 |
| KATHY JOHNSON HURLEY 96 ESTATES DRIVE, SANTA FE, NM 87506 | VICE PRESIDE | 4 | $6,000 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY VELASQUEZ 6902 8TH STREET, LUBBOCK, TX 79416 | SECRETARY | 4 | $32,400 |
| JUSTIN VELASQUEZ 9305 PR 2450, LUBBOCK, TX 79404 | TREASURER | 4 | $32,400 |
| JAN JOHNSON 2529 86TH ST 100, LUBBOCK, TX 79423 | PRESIDENT | 4 | $18,000 |
| KATHY JOHNSON HURLEY 96 ESTATES DRIVE, SANTA FE, NM 87506 | VICE PRESIDE | 4 | $6,000 |
Address and contacts
- Address (IRS master file)
- 2529 86TH STREET, LUBBOCK, TX 79423-3337
- In care of
- % AMERICAN STATE BANK TRUST DEPT
- Signed the 990-PF
- JAN JOHNSON, PRESIDENT
- Phone
- (806) 765-6935
- Return prepared by
- RBMS 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
- 75-2954057
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,483,457
- Income (IRS master file)
- $647,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $345,592 | $398,806 | $3,483,457 | XML |
| 990-PF | December 2023 | $298,815 | $407,680 | $3,535,780 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 75-2954057).
Questions about R C JOHNSON JR FOUNDATION INC
- What is the EIN of R C JOHNSON JR FOUNDATION INC?
- The employer identification number (EIN) of R C JOHNSON JR FOUNDATION INC is 75-2954057.
- Is R C JOHNSON JR FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to R C JOHNSON JR FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does R C JOHNSON JR FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of R C JOHNSON JR 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 R C JOHNSON JR 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 R C JOHNSON JR FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $32,400 (JEREMY VELASQUEZ, SECRETARY).
- How much revenue does R C JOHNSON JR FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $345,592, expenses of $398,806 and total assets of $3,483,457 at year end.
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