Thompson Scholarship Fund
- Assets
- $1.9m
- Revenue
- $65.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Newport, RI
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 05-6012968
Organization Overview
Thompson Scholarship Fund is located in Newport, RI. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thompson Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Thompson Scholarship Fund generated $65.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $146.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION'S SOLE CHARITABLE ACTIVITY IS TO PROVIDE COLLEGE SCHOLARSHIP GRANTS TO ROGER HIGH SCHOOL GRADUATES. GRANTS WERE MADE TO 39 STUDENTS DURING 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Pratt Trustee | 1 | $0 | |
Kathleen Mcgrath Trustee | 1 | $0 | |
Miriam E Smith Trustee | 1 | $0 | |
David Galvin Trustee | 1 | $0 | |
Matthew Leys Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,757 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,000 |
| Total operating and administrative expenses | $31,697 |
| Contributions, gifts, grants paid | $114,500 |
| Total expenses and disbursements | $146,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $298,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,862,112 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |