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Nonprofiteer
← PAUL C JOHNSON FOUNDATION

Form 990 for tax year 2025

Filed by PAUL C JOHNSON FOUNDATION.

Totals

Total revenue
$1,140,743
Total expenses
$140,072
Contributions and grants received
$0
Grants paid
$119,000
Program service revenue
$0
Investment income
$1,110,743
Other revenue
$30,000
Total assets, end of year
$4,442,250
Total liabilities, end of year
$20
Net assets or fund balances, end of year
$4,442,230
Program services expenses (Part IX)
$119,000
Management and general expenses
$21,072
Fundraising expenses
$0
Program service expenses (Part III)
$119,000

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $90,254 · excluded $90,254

  • 7a · Gross sales of assets other than inventory

    securities $1,479,783

  • 7b · Less cost or other basis and sales expenses

    securities $459,294

  • 7c · Gain or loss

    securities $1,020,489

  • 7d · Net gain or loss

    total $1,020,489 · excluded $1,020,489

  • 11a · Other revenue: OTHER INCOME

    total $30,000 · related or exempt $30,000

  • 11e · Other revenue, total

    $30,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,000 · program services $119,000

  • 11c · Fees: accounting

    total $2,200 · management and general $2,200

  • 11g · Fees: other

    total $18,852 · management and general $18,852

  • 24a · Other expenses: BANK FEES

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,835 · end of year $845,734

  • 11 · Investments: publicly traded securities

    beginning of year $3,133,051 · end of year $3,579,915

  • 12 · Investments: other securities

    beginning of year $760 · end of year $801

  • 15 · Other assets

    beginning of year $790,000 · end of year $15,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $20

  • 27 · Net assets without donor restrictions

    beginning of year $3,988,646 · end of year $4,442,230

Mission and programs · 2025

Mission

NONE

Activities or mission (Part I)

SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION FOR MUSKEGON COUNTY COMMITTED TO FURTHERING THE PHILANTROPIC ACTIVITIES OF THAT ORGANIZATION

  • COMMUNITY IMPROVEMENT - TO PROMOTE COMMUNITY IMPROVEMENT AND DEVELOPMENT IN THE MUSKEGON AREA.

    Expenses $119,000 · Grants $119,000

As filed on the 2025 return.

Listed in Part VII

  • Charles E Johnson II

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter C Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charles E Johnson III

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Todd Jacobs

    SECRETARY

    Total calculated
    $212,694
    From this org
    $0
    From related orgs
    $203,316
    Other
    $9,378
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,316 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,378 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $212,694 related

  • Lowell B Dana

    MEMBER EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Larry W Hines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Kersman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James M Sheridan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heidi Systema

    STAFF

    Total calculated
    $131,736
    From this org
    $0
    From related orgs
    $102,275
    Other
    $29,461
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE ORGANIZATION DOES NOT EMPLOY ANY INDIVIDUALS. COMPENSATION IS PAID BY RELATED ORGANIZATION, COMMUNITY FOUNDATION FOR MUSKEGON COUNTY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DOWNTOWN MUSKEGON DEVELOPMENT CORPORATION

    C · ACQUISITION OF DOWNTOWN PROPERTIES FOR REDEVELOPLMENT · MI · 33% owned

Provenance

Return type
form_990
Tax year
2025
Filed
10 August 2026
IRS schema version
2025v4.2
Source object
202602319349301110

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