The Thompson Family Foundation Inc
- Assets
- $461.0m
- Revenue
- $10.5m
- Investments
- $455.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1988
- Data as of
- 05/2023
- EIN
- 06-1194385
Organization Overview
The Thompson Family Foundation Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thompson Family Foundation Inc 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 05/2023, Thompson Family Foundation Inc generated $10.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $17.0m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (19.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thompson Family Foundation Inc has awarded 874 individual grants totaling $397,254,456. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Jt Riegel President/director | 5 | $0 | |
Charles Ay Thompson Vice President/director | 5 | $0 | |
Jim Kallman Treasurer/director | 5 | $0 | |
Amy Houston Executive Director/v | 40 | $284,583 | |
Margaret Moriarty Administrator | 40 | $236,750 | |
Kwaku Driskell Program Director | 40 | $172,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cohnreznick Llp | 5/30/23 | $82,030 |
Craig Morris & Company | 5/30/23 | $79,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $10,034,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $487,597 |
| Capital Gain Net Income | $487,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,999 |
| Total Revenue | $10,525,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $693,637 |
| Pension plans, employee benefits | $106,682 |
| Interest | $24,096 |
| Taxes | $109,410 |
| Depreciation | $1,725 |
| Occupancy | $210,254 |
| Travel, conferences, and meetings | $14,235 |
| Printing and publications | $0 |
| Other expenses | $45,485 |
| Total operating and administrative expenses | $3,323,341 |
| Contributions, gifts, grants paid | $13,701,025 |
| Total expenses and disbursements | $17,024,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,642,200 |
| Net Accounts receivable | $202,000 |
| 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 | $25,374 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $154,808,717 |
| Net Land, buildings, and equipment | $1,823 |
| Other assets | $1,889,563 |
| Total assets | $460,988,467 |
| Accounts payable and accrued expenses | $469,060 |
| Grants payable | $10,607,855 |
| 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 | $11,076,915 |
Grants Awarded
Over the last fiscal year, The Thompson Family Foundation Inc has awarded $14,983,686 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
AVENUES FOR JUSTICE PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $200,000 |
AMERICAN COMMITTEE FOR WEIZMANN INSTITUTE PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $1,782,000 |
AMERICAN ACADEMY IN ROME PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $5,000 |
BALLET & BEYOND NYC PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $20,000 |
BEDFORD PLAYHOUSE PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $5,000 |
BARYSHNIKOV ARTS CENTER PURPOSE: TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTIONS. | $50,000 |