Ronald O Thomas Foundation
- Assets
- $1.2m
- Revenue
- $69.7k
- Investments
- $976.0k
- Employees
- 0
- Location
- Baxter Springs, KS
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-1856223
Organization Overview
Ronald O Thomas Foundation is located in Baxter Springs, KS. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Ronald O Thomas 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 12/2023, Ronald O Thomas Foundation generated $69.7k 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 (6.2%) each year. All expenses for the organization totaled $164.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ronald O Thomas Foundation has awarded 138 individual grants totaling $1,056,384. 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
NA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,508 |
| Dividends & Interest | $29,726 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,294 |
| Capital Gain Net Income | $36,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $144 |
| Total Revenue | $69,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,809 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,059 |
| Total operating and administrative expenses | $27,333 |
| Contributions, gifts, grants paid | $137,175 |
| Total expenses and disbursements | $164,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,450 |
| Savings and temporary cash investments | $78,655 |
| 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 | $35,126 |
| 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 | $1,184,276 |
| 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, Ronald O Thomas Foundation has awarded $137,175 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKIES FRIENDS CHARITABLE PET PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
KANSAS SPECIAL OLYMPICS PURPOSE: CHARITABLE CONTRIBUTIONS | $3,500 |
SEK HUMANE SOCIETY PURPOSE: CHARITABLE CONTRIBUTIONS | $2,500 |
PITTSBURG STATE UNIVERSITY PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE DONATION | $1,000 |
POINTFORWARD PURPOSE: CHARITABLE CONTRIBUTION | $75,000 |