Thorn Family Foundation
- Assets
- $1.1m
- Revenue
- $123.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 16-1575913
Organization Overview
Thorn Family Foundation is located in Syracuse, NY. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thorn Family Foundation 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, Thorn Family Foundation generated $123.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $59.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thorn Family Foundation has awarded 45 individual grants totaling $1,355,896. 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 |
|---|---|---|---|
Thomas L Thorn Trustee | 1 | $0 | |
Andrew Thorn Trustee | 1 | $0 | |
Joan M Thorn Trustee | 4 | $7,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,995 |
| Capital Gain Net Income | $93,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,107 |
| Total Revenue | $123,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,975 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $25,821 |
| Taxes | $8,157 |
| Depreciation | $0 |
| Occupancy | $6,075 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $49,048 |
| Contributions, gifts, grants paid | $10,135 |
| Total expenses and disbursements | $59,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,069,468 |
| 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 | $159,580 |
| Total liabilities | $159,580 |
Grants Awarded
Over the last fiscal year, Thorn Family Foundation has awarded $10,135 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CNY BIKE GIVEAWAY PURPOSE: FOR GENERAL OPERATING FUNDS. | $3,000 |
EAST GENESEE REGENT ASSOCIATION PURPOSE: FOR ANNUAL HOLIDAY PARTY FOR INNER-CITY YOUTH. | $585 |
ONONDAGA VOLUNTEER LAWYERS ASSOCIATION PURPOSE: FOR GENERAL OPERATING FUNDS | $5,500 |
PUNT PEDIATRIC CANCER PURPOSE: FOR GENERAL OPERATING FUNDS | $1,050 |