The Thoburn Foundation For Education
- Assets
- $385.5k
- Revenue
- $9.2k
- Investments
- $361.8k
- Employees
- 0
- Location
- New Florence, PA
- Founding
- 09/1985
- Data as of
- 05/2022
- EIN
- 25-1494744
Organization Overview
The Thoburn Foundation For Education is located in New Florence, PA. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Thoburn Foundation For Education 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 05/2022, Thoburn Foundation For Education generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $19.9k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thoburn Foundation For Education has awarded 59 individual grants totaling $111,250. 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.
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 |
|---|---|---|---|
Terry Huston President, Director | 0 | $0 | |
Shelly K Poli Director | 0 | $0 | |
Alice Jones Director | 0 | $0 | |
William Danchuck Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173 |
| Capital Gain Net Income | $173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,245 |
| 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 | $26 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,938 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $19,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,760 |
| 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 | $385,513 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $37,000 |
| 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 | $37,000 |
Grants Awarded
Over the last fiscal year, The Thoburn Foundation For Education has awarded $55,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL KNUPP PURPOSE: SCHOLARSHIPS | $6,000 |
GEORGE GOLDEN PURPOSE: SCHOLARSHIPS | $6,000 |
NICHOLAS BEITEL PURPOSE: SCHOLARSHIPS | $4,000 |
HAYLEE OATES PURPOSE: SCHOLARSHIPS | $3,000 |
JENNIFER HILES PURPOSE: SCHOLARSHIPS | $3,000 |
REBECCA CALDWELL PURPOSE: SCHOLARSHIPS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |