Willard T C Johnson Foundation Inc
Willard T C Johnson Foundation maintains strong assets and zero executive compensation, consistently operating with minimal liabilities.
EIN: 132993310 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.6M |
| Total Expenses | $4.2M |
| Program Spending | 95% |
| Net Assets | $46.3M |
| Transparency Score | 92/100 |
Is Willard T C Johnson Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Willard T C Johnson Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Willard T C Johnson Foundation Inc
Willard T C Johnson Foundation Inc (EIN: 132993310) is a nonprofit organization based in New York, NY. The organization reported total revenue of $11.6M and total assets of $47.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willard T C Johnson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willard T C Johnson Foundation Inc is a large nonprofit that has been operating for 47 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-370,344 |
| Total Assets | $46.3M |
| Total Liabilities | $1 |
| Net Assets | $46.3M |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.0 months |
Financial Health Grade: B
In 2023, Willard T C Johnson Foundation Inc reported a deficit of $370K with expenses exceeding revenue, holds 133.0 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), Willard T C Johnson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | -2.5% | -0.8% |
| 2022 | +8.7% | +25.3% | -1.6% |
| 2021 | -5.9% | +15.7% | -0.4% |
| 2020 | -81.4% | -10.6% | +1.0% |
| 2019 | +829.9% | +4.9% | +40.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Willard T C Johnson Foundation Inc with a Mission Score of 92 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, Willard T C Johnson Foundation Inc 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 $370K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly unusual and suggests a volunteer-led or extremely lean operational model, directing more funds to its mission.
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 Willard T C Johnson Foundation Inc's IRS 990 filings:
- NTEE Code Unknown: Lack of specific NTEE code makes it harder to precisely categorize and benchmark its mission area.
- Significant Revenue Volatility: The $18.5 million revenue in 2019 compared to typical $3-4 million raises questions about revenue predictability, though it doesn't indicate financial distress.
Strengths
The following positive indicators were identified for Willard T C Johnson Foundation Inc:
- Strong Asset Base: Consistently maintains a robust asset base, growing from $38.3 million to $46.2 million over a decade, indicating long-term financial stability.
- Exceptional Spending Efficiency: 0% officer compensation across all filings demonstrates a highly efficient operational model, maximizing funds for its mission.
- Minimal Liabilities: Consistently reports liabilities of $1 or $0, indicating excellent financial health and very low financial risk.
- Consistent Grantmaking: Despite revenue fluctuations, annual expenses (primarily grants) remain stable, showing consistent commitment to its mission.
- High Transparency: Regular IRS 990 filings over a decade with clear financial reporting.
Frequently Asked Questions about Willard T C Johnson Foundation Inc
Is Willard T C Johnson Foundation Inc a legitimate charity?
Willard T C Johnson Foundation Inc (EIN: 132993310) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $11.6M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Willard T C Johnson Foundation Inc spend its money?
Willard T C Johnson Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Willard T C Johnson Foundation Inc tax-deductible?
Willard T C Johnson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132993310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Willard T C Johnson Foundation Inc located?
Willard T C Johnson Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132993310.
How many years of IRS 990 filings does Willard T C Johnson Foundation Inc have?
Willard T C Johnson Foundation Inc 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 $11.6M in total revenue.
What is the primary focus of the Willard T C Johnson Foundation's grantmaking?
Based on the financial data, the foundation consistently expends funds (e.g., $4.17 million in 2023) which, given its nature as a private foundation and lack of executive compensation, are primarily directed towards grants and program-related investments. However, the specific programmatic areas are not detailed in the provided financial summary.
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that any administrative functions are handled by external contractors or related entities, rather than salaried officers directly compensated by the foundation.
Is the foundation's revenue stable, given the large fluctuation in 2019?
While there was a significant revenue spike to $18.5 million in 2019, the foundation's revenue in other years has been more consistent, typically in the $3-4 million range in recent years (e.g., $3.8 million in 2023). The 2019 spike appears to be an anomaly, possibly due to a large one-time donation or investment gain.
Filing History
IRS 990 filing history for Willard T C Johnson Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Willard T C Johnson Foundation Inc's revenue has grown by 234%, moving from $1.1M to $3.8M. Total assets increased by 20.8% over the same period, from $38.3M to $46.3M. Total functional expenses rose by 39.3%, from $3.0M to $4.2M. In its most recent filing year (2023), Willard T C Johnson Foundation Inc reported a deficit of $370K, with expenses exceeding revenue. The organization holds $1 in liabilities against $46.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $46.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $4.2M | $46.3M | $1 | — | — |
| 2022 | $3.5M | $4.3M | $46.6M | $1 | — | View 990 |
| 2021 | $3.2M | $3.4M | $47.4M | $1 | — | View 990 |
| 2020 | $3.4M | $3.0M | $47.6M | $1 | — | View 990 |
| 2019 | $18.5M | $3.3M | $47.1M | $1 | — | — |
| 2015 | $2.0M | $3.2M | $33.5M | $0 | — | View 990 |
| 2014 | $1.5M | $2.7M | $34.7M | $1 | — | View 990 |
| 2013 | $1.5M | $2.2M | $35.8M | $1 | — | View 990 |
| 2012 | $1.1M | $2.9M | $36.5M | $1 | — | View 990 |
| 2011 | $1.1M | $3.0M | $38.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $4.2M, and assets of $46.3M (revenue +8.1% year-over-year).
- 2022: Revenue of $3.5M, expenses of $4.3M, and assets of $46.6M (revenue +8.7% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.4M, and assets of $47.4M (revenue -5.9% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.0M, and assets of $47.6M (revenue -81.4% year-over-year).
- 2019: Revenue of $18.5M, expenses of $3.3M, and assets of $47.1M (revenue +829.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $3.2M, and assets of $33.5M (revenue +29.2% year-over-year).
- 2014: Revenue of $1.5M, expenses of $2.7M, and assets of $34.7M (revenue -0.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.2M, and assets of $35.8M (revenue +39.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $2.9M, and assets of $36.5M (revenue -2.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $3.0M, and assets of $38.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willard T C Johnson Foundation Inc:
Data Sources and Methodology
This transparency report for Willard T C Johnson Foundation Inc 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.