C Richard Johnson & Verna Louise

BOONVILLE, IN EIN: 35-1834676

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$6.1M

+2.6% YoY

Annual Giving

$496K

+7.1% YoY

Grant Count

38

-2.6% YoY

Avg Grant Size

$13K

+9.9% YoY

Under IRS private-foundation payout rules, C Richard Johnson & Verna Louise reported a distributable amount of $503K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's stated purpose includes support for museums, zoos, planetariums, and similar cultural institutions. Beyond this, the foundation supports charitable contributions and scholarships. The foundation does not respond to unsolicited applications for funding.

Grantmaking

The foundation demonstrates consistent grantmaking activity with recent grants including:

Grant Range

of $10,000 and maximum grant of $60,000. Total giving in fiscal year 2024 was $463,416.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states
+1 more states

Cities

ArlingtonAtlantaBloomingtonBoonvilleBowling GreenChandlerCharlestonChrisneyDaleDecaturElizabethEvansviileEvansvilleGrandviewIndianapolisJasperLynnvilleMuncieMurrayNashville

Financial History

Multi-year comparison from IRS filings

Most Recent Fiscal Year (June 2025):

  • Total Assets: $6,117,716
  • Total Revenues: $745,216
  • Total Expenses: $587,720
  • Investment Income and Dividends: $213,323

Prior Year (June 2024):

  • Total Assets: $5,960,220
  • Total Giving: $463,416
  • Income: $369,177

The foundation maintains zero liabilities and generates income primarily through investment returns rather than contributions.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$205K$410K$615K$820K20212022202320242025
Metric202520242023
Total Assets$6,117,716$5,960,220$6,128,614
Revenue$745,216$369,177$431,415
Expenses$587,720$537,571$494,945
Qualifying Distributions$499,398$466,320$425,041
Net Investment Income$426,230$310,082$288,908
Distributable Amount$502,668$463,373$421,678

Giving Over Time

Total grant dollars and number of grants per year

$0$124K$248K$372K$496K32 grants202133 grants202233 grants202339 grants202438 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

MISSION FIRST INC$115KBREAD OF LIFE MINISTRY INC$40KYOUTH FIRST$35KVETERANS OVERWATCH$25KWARRICK COUNTY SCHOOL CO…$25KWARRICK COUNTY MUSEUM$20KINDIANA UNIVERSITY$19KSTUDIO BEE$18KHEMENWAY MEMORIAL PRES C…$15KTHE TOWN OF GRANDVIEW$15K

Grant Size Distribution

175 grants across all recorded years

169<$50K5$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Mission First Inc ($115,000), Bread of Life Ministry Inc ($40,000), Youth First ($35,000).

RecipientPurposeAmount
ALBION FELLOWS BACON CENTER EVANSVILLE, INCHARITABLE CONTRIBUTION$5,000
BALL STATE UNIVERSITY MUNCIE, INSCHOLARSHIPS$5,000
BOONVILLE NOW INC BOONVILLE, INCHARITABLE CONTRIBUTION$5,000
BREAD OF LIFE MINISTRY INC LYNNVILLE, INCHARITABLE CONTRIBUTION$40,000
CHEMO BUDDIES INC EVANSVILLE, INCHARITABLE CONTRIBUTION$5,000
DALE PRESBYTERIAN CHURCH DALE, INCHARITABLE CONTRIBUTION$5,000
EVANSVILLE ASSOC FOR THE BLIND EVANSVILLE, INCHARITABLE CONTRIBUTION$5,000
EVANSVILLE RESCUE MISSION EVANSVILLE, INCHARITABLE CONTRIBUTION$10,000
FRIENDS OF WARRICK COUNTY CASA BOONVILLE, INCHARITABLE CONTRIBUTION$5,000
HEMENWAY MEMORIAL PRES CHURCH BOONVILLE, INCHARITABLE CONTRIBUTION$15,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation's leadership includes:

  • Kenneth R Schaaf, President (5 hours/week, $17,000 compensation)
  • Troy L Huffman, Treasurer (10 hours/week, $31,000 compensation)
  • Tony Aylsworth, Secretary (5 hours/week, $17,000 compensation)

Compensation Overview

From 2025 IRS filing

TROY L HUFFMANTREASURER$40KKENNETH R SCHAAFPRESIDENT$20KTONY AYLSWORTHSECRETARY$20K

From 2025 filing

NameTitleHoursCompensation
KENNETH R SCHAAFPRESIDENT2$20,000
TROY L HUFFMANTREASURER10$40,000
TONY AYLSWORTHSECRETARY2$20,000

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What does C Richard Johnson & Verna Louise fund?

The foundation's stated purpose includes support for museums, zoos, planetariums, and similar cultural institutions. Beyond this, the foundation supports charitable contributions and scholarships. The foundation does not respond to unsolicited applications for funding.

How do I apply for a grant from C Richard Johnson & Verna Louise?

The foundation demonstrates consistent grantmaking activity with recent grants including: • Bread of Life Ministry: $40,000 • Youth First: $35,000 • Veterans Overwatch: $25,000 In fiscal year 2025, the foundation made 32 grants. Historical data shows the foundation made 39 grants in 2023 with a median grant size of $10,000 and maximum grant of $60,000. Total giving in fiscal year 2024 was $463,416. The foundation does not accept unsolicited grant applications and operates with a fiscal year end…

What size grants does C Richard Johnson & Verna Louise award?

In 2025, C Richard Johnson & Verna Louise awarded 38 grants totaling $496K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is C Richard Johnson & Verna Louise required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, C Richard Johnson & Verna Louise reported a distributable amount of $503K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is C Richard Johnson & Verna Louise's EIN?

C Richard Johnson & Verna Louise's EIN (Employer Identification Number) is 35-1834676. IRS Form 990 filing data is available on this page for 2021–2025.

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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