Larry And Michael Johnson Family Foundation
Larry And Michael Johnson Family Foundation consistently operates with 0% officer compensation and growing assets, distributing funds from its endowment.
EIN: 207182838 · Flowood, MS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $787K |
| Total Expenses | $291K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.0M |
| Transparency Score | 90/100 |
Is Larry And Michael Johnson Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Larry And Michael Johnson Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Larry And Michael Johnson Family Foundation
Larry And Michael Johnson Family Foundation (EIN: 207182838) is a nonprofit organization based in Flowood, MS, classified under NTEE code T20. The organization reported total revenue of $787K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larry And Michael Johnson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larry And Michael Johnson Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $291K |
| Surplus / Deficit | $-162,703 |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | -126.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 207.7 months |
Financial Health Grade: B
In 2023, Larry And Michael Johnson Family Foundation reported a deficit of $163K with expenses exceeding revenue, holds 207.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Larry And Michael Johnson Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 27.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.8% | -8.9% | +8.0% |
| 2022 | +-0.0% | +12.9% | +8.3% |
| 2021 | +355.9% | +10.0% | -1.7% |
| 2020 | -65.1% | -5.3% | -4.6% |
| 2019 | +1413.8% | +560.9% | +380.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Larry And Michael Johnson Family Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Larry And Michael Johnson Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly unusual for an organization with over $5 million in assets and suggests a strong commitment to directing funds towards its mission rather than administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Larry And Michael Johnson Family Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue in recent years (e.g., 2023: $291,112 expenses vs. $128,409 revenue), though offset by asset growth.
Strengths
The following positive indicators were identified for Larry And Michael Johnson Family Foundation:
- 0% officer compensation across all filings, indicating extremely low administrative overhead.
- Consistent growth in assets, reaching over $5.3 million, demonstrating strong financial management.
- Strong transparency with 10 IRS 990 filings available.
- Likely high program spending ratio due to minimal administrative costs.
- Clear focus on grantmaking as a private foundation.
Frequently Asked Questions about Larry And Michael Johnson Family Foundation
Is Larry And Michael Johnson Family Foundation a legitimate charity?
Larry And Michael Johnson Family Foundation (EIN: 207182838) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $787K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Larry And Michael Johnson Family Foundation spend its money?
Larry And Michael Johnson Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Larry And Michael Johnson Family Foundation tax-deductible?
Larry And Michael Johnson Family Foundation is registered as a tax-exempt nonprofit (EIN: 207182838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Larry And Michael Johnson Family Foundation CEO make?
Larry And Michael Johnson Family Foundation's highest-compensated officer earns $5 annually. The organization reported $787K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Larry And Michael Johnson Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Larry And Michael Johnson Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Larry And Michael Johnson Family Foundation located?
Larry And Michael Johnson Family Foundation is headquartered in Flowood, Mississippi and files with the IRS under EIN 207182838. It is classified under NTEE code T20.
How many years of IRS 990 filings does Larry And Michael Johnson Family Foundation have?
Larry And Michael Johnson Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $787K in total revenue.
Is the Larry And Michael Johnson Family Foundation financially stable?
Yes, despite often having expenses exceed revenue in recent years (e.g., 2023 expenses $291,112 vs. revenue $128,409), the foundation's assets have consistently grown, reaching $5,307,852. This indicates strong endowment management and long-term financial stability.
How efficient is the foundation's spending?
The foundation demonstrates exceptional spending efficiency, with 0% reported officer compensation across all filings. This suggests very low administrative overhead, allowing a high percentage of funds to be directed towards its programmatic goals.
What is the primary source of the foundation's funding?
Given the pattern of expenses often exceeding annual revenue and consistent asset growth, the foundation primarily funds its activities through distributions from its substantial endowment, rather than relying solely on annual contributions.
Are there any concerns about transparency?
No, the foundation has a strong record of transparency, with 10 IRS 990 filings available, providing a clear history of its financial operations.
Filing History
IRS 990 filing history for Larry And Michael Johnson Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Larry And Michael Johnson Family Foundation's revenue has grown by 1657.1%, moving from $7K to $128K. Total assets increased by 3340.6% over the same period, from $146K to $5.0M. Total functional expenses rose by 5487.6%, from $5K to $291K. In its most recent filing year (2023), Larry And Michael Johnson Family Foundation reported a deficit of $163K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $291K | $5.0M | $1 | — | View 990 |
| 2022 | $210K | $320K | $4.7M | $1 | — | View 990 |
| 2021 | $210K | $283K | $4.3M | $1 | — | — |
| 2020 | $46K | $257K | $4.4M | $1 | — | View 990 |
| 2019 | $132K | $272K | $4.6M | $1 | — | View 990 |
| 2015 | $9K | $41K | $955K | $1 | — | View 990 |
| 2014 | $7K | $157K | $987K | $0 | — | View 990 |
| 2013 | $995K | $4K | $1.1M | $0 | — | View 990 |
| 2012 | $4K | $5K | $145K | $0 | — | View 990 |
| 2011 | $7K | $5K | $146K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $291K, and assets of $5.0M (revenue -38.8% year-over-year).
- 2022: Revenue of $210K, expenses of $320K, and assets of $4.7M (revenue +-0.0% year-over-year).
- 2021: Revenue of $210K, expenses of $283K, and assets of $4.3M (revenue +355.9% year-over-year).
- 2020: Revenue of $46K, expenses of $257K, and assets of $4.4M (revenue -65.1% year-over-year).
- 2019: Revenue of $132K, expenses of $272K, and assets of $4.6M (revenue +1413.8% year-over-year).
- 2015: Revenue of $9K, expenses of $41K, and assets of $955K (revenue +16.9% year-over-year).
- 2014: Revenue of $7K, expenses of $157K, and assets of $987K (revenue -99.3% year-over-year).
- 2013: Revenue of $995K, expenses of $4K, and assets of $1.1M (revenue +24669.2% year-over-year).
- 2012: Revenue of $4K, expenses of $5K, and assets of $145K (revenue -45.0% year-over-year).
- 2011: Revenue of $7K, expenses of $5K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larry And Michael Johnson Family Foundation:
Data Sources and Methodology
This transparency report for Larry And Michael Johnson Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.