David F And Karen K Thomasfoundation
- Assets
- $4.2m
- Revenue
- $113.6k
- Investments
- $844.3k
- Employees
- 0
- Location
- Rye, NY
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 20-5681086
Organization Overview
David F And Karen K Thomasfoundation is located in Rye, NY. The organization was established in 2009. 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. David F And Karen K Thomasfoundation 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 12/2023, David F And Karen K Thomasfoundation generated $113.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $182.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, David F And Karen K Thomasfoundation has awarded 32 individual grants totaling $1,350,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Thomas President | 1 | $0 | |
Karen K Thomas Treasurer | 1 | $0 | |
James N Benedict Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,650 |
| Interest on Savings | $178,468 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$70,535 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,417 |
| Total operating and administrative expenses | $7,067 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $182,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,363,446 |
| 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 | $844,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,207,762 |
| 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 |
Grants Awarded
Over the last fiscal year, David F And Karen K Thomasfoundation has awarded $175,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: TO IMPROVE THE WORLD THROUGH RESEARCH, SCHOLARSHIP, EDUCATION, PRESERVATION, AND PRACTICE. | $50,000 |
YALE UNIVERSITY PURPOSE: TO IMPROVE THE WORLD THROUGH RESEARCH, SCHOLARSHIP, EDUCATION, PRESERVATION, AND PRACTICE. | $25,000 |
THE WILD CENTER PURPOSE: TO HELP IGNITE PASSION IN THE ADIRONDACKS SO THAT PEOPLE AND NATURE CAN THRIVE TOGETHER AND SET AN EXAMPLE FOR THE WORLD. | $100,000 |