C Richard Johnson & Verna Louise Johnson Foundation Inc

Boonville, IN
Tax-exempt since April 2019
EIN: 35-1834676

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$745k (2025)

Expenses

$588k (2025)

Total Assets

$6.12M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Revenue

$745,216

Expenses

$587,720

Net Income

$157,496

Net Assets

$6,117,716

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,983	2.1%
Dividends	$197,340	26.5%
Sales of Assets	$527,993	70.9%
Other Income	$3,900	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$499,398	85.0%
Compensation of Officers*	$80,000	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,117,716
Total Liabilities	$0
Net Assets	$6,117,716

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$40,000	$0
Kenneth R Schaaf (President)	$20,000	$0
Tony Aylsworth (Secretary)	$20,000	$0

990-PF

Filed on Aug. 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2024

Revenue

$369,177

Expenses

$537,571

Net Income

-$168,394

Net Assets

$5,960,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,751	2.4%
Dividends	$208,853	56.6%
Sales of Assets	$147,501	40.0%
Other Income	$4,072	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$466,320	86.7%
Compensation of Officers*	$65,000	12.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,960,220
Total Liabilities	$0
Net Assets	$5,960,220

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$31,000	$0
Kenneth R Schaaf (President)	$17,000	$0
Tony Aylsworth (Secretary)	$17,000	$0

990-PF

Filed on July 18, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$431,415

Expenses

$494,945

Net Income

-$63,530

Net Assets

$6,128,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,127	2.6%
Dividends	$201,614	46.7%
Sales of Assets	$204,707	47.5%
Other Income	$13,967	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$425,041	85.9%
Compensation of Officers*	$60,000	12.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,128,614
Total Liabilities	$0
Net Assets	$6,128,614

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$28,000	$0
Kenneth R Schaaf (President)	$16,000	$0
Tony Aylsworth (Secretary)	$16,000	$0

990-PF

Filed on July 25, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$406,452

Expenses

$517,230

Net Income

-$110,778

Net Assets

$6,192,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,876	3.2%
Dividends	$193,217	47.5%
Sales of Assets	$192,957	47.5%
Other Income	$7,402	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$450,059	87.0%
Compensation of Officers*	$60,000	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,192,144
Total Liabilities	$0
Net Assets	$6,192,144

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$28,000	$0
Kenneth R Schaaf (President)	$16,000	$0
Tony Aylsworth (Secretary)	$16,000	$0

990-PF

Filed on July 20, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$349,809

Expenses

$456,951

Net Income

-$107,142

Net Assets

$6,302,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,709	2.5%
Dividends	$185,338	53.0%
Sales of Assets	$146,677	41.9%
Other Income	$9,085	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$408,347	89.4%
Compensation of Officers*	$44,000	9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,302,922
Total Liabilities	$1
Net Assets	$6,302,921

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$20,000	$0
Kenneth R Schaaf (President)	$12,000	$0
Tony Aylsworth (Secretary)	$12,000	$0

990-PF

Filed on July 19, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

$230,849

Expenses

$417,490

Net Income

-$186,641

Net Assets

$6,410,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,320	4.9%
Dividends	$193,916	84.0%
Sales of Assets	$17,020	7.4%
Other Income	$8,593	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$368,486	88.3%
Compensation of Officers*	$44,000	10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,410,064
Total Liabilities	$1
Net Assets	$6,410,063

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$20,000	$0
Kenneth R Schaaf (President)	$12,000	$0
Tony Aylsworth (Secretary)	$12,000	$0

990-PF

Filed on Sept. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$541,642

Expenses

$422,759

Net Income

$118,883

Net Assets

$6,596,705

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$37	0.0%
Interest Revenue	$17,798	3.3%
Dividends	$189,483	35.0%
Sales of Assets	$324,348	59.9%
Other Income	$9,976	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$374,134	88.5%
Compensation of Officers*	$44,000	10.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,596,705
Total Liabilities	$0
Net Assets	$6,596,705

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$20,000	$0
Kenneth R Schaaf (President)	$12,000	$0
Tony Aylsworth (Secretary)	$12,000	$0

990-PF

Filed on Aug. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$312,315

Expenses

$419,735

Net Income

-$107,420

Net Assets

$6,477,822

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,789	6.7%
Dividends	$173,239	55.5%
Sales of Assets	$111,526	35.7%
Other Income	$6,761	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,196	89.6%
Compensation of Officers*	$39,500	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,477,822
Total Liabilities	$0
Net Assets	$6,477,822

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$15,500	$0
Kenneth R Schaaf (President)	$12,000	$0
Tony Aylsworth (Secretary)	$12,000	$0

990-PF

Filed on Oct. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2017

Revenue

$5,066,588

Expenses

$385,374

Net Income

$4,681,214

Net Assets

$6,585,242

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,827,678	95.3%
Interest Revenue	$19,979	0.4%
Dividends	$145,937	2.9%
Sales of Assets	$68,531	1.4%
Other Income	$4,463	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$333,759	86.6%
Compensation of Officers*	$38,000	9.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,585,242
Total Liabilities	$0
Net Assets	$6,585,242

Compensation

Key Employees and Officers	Compensation	Other
Troy L Huffman (Treasurer)	$14,000	$0
Kenneth R Schaaf (President)	$12,000	$0
Tony Aylsworth (Secretary)	$12,000	$0

990-PF

Filed on July 17, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2016

Revenue

$977,989

Expenses

$100,180

Net Income

$877,809

Net Assets

$1,904,028

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$646,056	66.1%
Interest Revenue	$61,496	6.3%
Dividends	$152,800	15.6%
Sales of Assets	$112,295	11.5%
Other Income	$5,342	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,068	79.9%
Compensation of Officers*	$15,000	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,904,028
Total Liabilities	$0
Net Assets	$1,904,028

Compensation

Key Employees and Officers	Compensation	Other
Kenneth R Schaaf (President)	$5,000	$0
Troy L Huffman (Treasurer)	$5,000	$0
Tony Aylsworth (Secretary)	$5,000	$0

990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$597,429

Expenses

$34,607

Net Income

$562,822

Net Assets

$1,026,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$555,667	93.0%
Interest Revenue	$0
Dividends	$29,590	5.0%
Sales of Assets	$12,172	2.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,026	98.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,026,219
Total Liabilities	$0
Net Assets	$1,026,219

Compensation

Key Employees and Officers	Compensation	Other
Kenneth R Schaaf (Vice Pres.)	$0	$0
Troy L Huffman (Secretary)	$0	$0

990-PF

Filed on July 28, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2014

Revenue

$51,211

Expenses

$30,061

Net Income

$21,150

Net Assets

$463,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$31,450	61.4%
Interest Revenue	$0
Dividends	$19,761	38.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,950	99.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$463,397
Total Liabilities	$0
Net Assets	$463,397

Compensation

Key Employees and Officers	Compensation	Other
Verna Louise Johnson (President)	$0	$0
Kenneth R Schaaf (Treasurer)	$0	$0
Troy Huffman (Secretary)	$0	$0

990-PF

Filed on Sept. 11, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$103,554

Expenses

$21,589

Net Income

$81,965

Net Assets

$442,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$92,418	89.2%
Interest Revenue	$0
Dividends	$11,136	10.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,485	99.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$442,247
Total Liabilities	$1
Net Assets	$442,246

990-PF

Filed on Dec. 9, 2013

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$40,447

Expenses

$23,625

Net Income

$16,822

Net Assets

$360,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,000	74.2%
Interest Revenue	$0
Dividends	$9,921	24.5%
Sales of Assets	$526	1.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,435	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$360,282
Total Liabilities	$1
Net Assets	$360,281

Primary tax return for a private foundation's activities, finances, and governance

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated March 23, 2026

C Richard Johnson & Verna Louise Johnson Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $745k (2025)

Expenses $588k (2025)

Total Assets $6.12M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$745k (2025)

Expenses

$588k (2025)

Total Assets

$6.12M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

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2008

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2007

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2006

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2005

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2004

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2003

Fiscal Year Ending June
2002