Julia Terrill Thomas Foundation Inc
- Assets
- $12.6m
- Revenue
- $833.0k
- Investments
- $11.6m
- Employees
- 0
- Location
- Sea Island, GA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-2354370
Organization Overview
Julia Terrill Thomas Foundation Inc is located in Sea Island, GA. The organization was established in 2007. 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. Julia Terrill Thomas 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 12/2022, Julia Terrill Thomas Foundation Inc generated $833.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Julia Terrill Thomas Foundation Inc has awarded 180 individual grants totaling $5,095,433. 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 |
|---|---|---|---|
James D Benefield Jr Director | 5 | $68,436 | |
Rees M Sumerford Director | 5 | $68,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,156 |
| Dividends & Interest | $383,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $418,458 |
| Capital Gain Net Income | $418,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $597 |
| Total Revenue | $832,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $136,872 |
| Other employee salaries and wages | $222,696 |
| Pension plans, employee benefits | $11,007 |
| Interest | $0 |
| Taxes | $29,937 |
| Depreciation | $2,066 |
| Occupancy | $19,100 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,028 |
| Total operating and administrative expenses | $552,358 |
| Contributions, gifts, grants paid | $700,000 |
| Total expenses and disbursements | $1,252,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $973,598 |
| 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 | $17,128 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,220,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,558,428 |
| Accounts payable and accrued expenses | $52 |
| 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 | $52 |
Grants Awarded
Over the last fiscal year, Julia Terrill Thomas Foundation Inc has awarded $700,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL GEORGIA HISTORICAL SOCIETY PURPOSE: CAPITAL SUPPORT FOR EQUIPMENT TO DIGITIZE COLLETION | $8,000 |
BOYS GIRLS CLUB OF SOUTHEAST GEORGI PURPOSE: BURROUGHS-MOULETTE BOYS & GIRLS CLUB CENTER 3 YR PLEDGE/MCINTOSH OUTDOOR PAVILLION | $100,000 |
COLLEGE OF COASTAL GEORGIA FOUNDATI PURPOSE: SUPPORT FOR ANDREWS CENTER | $50,000 |
FREDERICA ACADEMY PURPOSE: PAVILLION FOR OUTDOOR FUNCTIONS, EDUCATION & STAGE | $50,000 |
MAP INTERNATIONAL PURPOSE: BOX TRUCK TO DISPERSE DONATED ITEMS TO CHARITIES | $45,000 |
GOLDEN ISLES YMCA FOUNDATION PURPOSE: SUPPORT FOR EDUCATIONAL ROOM & COMPUTERS & PLAYGROUND REFURBISHMENT | $72,000 |