Ronan Thompson Foundation Inc
- Assets
- $713.2k
- Revenue
- $24.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-3409074
Organization Overview
Ronan Thompson Foundation Inc is located in Phoenix, AZ. The organization was established in 2011. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronan Thompson 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, Ronan Thompson Foundation Inc generated $24.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $110.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RONAN FOUNDATION IS DEDICATED TO RAISING AWARENESS AND FUNDING CUTTING (CONT'D ON SCH O) EDGE RESEARCH FOR CHILDHOOD CANCER. WE ARE COMMITTED TO FUNDING CLINICAL TRIALS TO REDUCE THE NUMBER OF CHILDREN AFFECTED BY CHILDHOOD CANCER, INCREASE SURVIVAL RATES AND MINIMIZE LONG TERM MEDICAL AND PSYCHOLOGICAL EFFECTS OF TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN COLLABORATION WITH SOLVING KIDS' CANCER, WE COMMITTED $200,000 ($50,000 A YEAR FOR FOUR YEARS STARTING IN 2019) TO CHILDREN'S HOSPITAL OF PHILADELPHIA AND GUSTAVE ROUSSY TO FUND A CLINICAL TRIAL FOR TARGETED THERAPIES TO TREAT NEUROBLASTOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Woody Thompson President | OfficerTrustee | 15 | $0 |
Rachel Goldman Vice President | OfficerTrustee | 30 | $0 |
Melissa Diflippo Treasurer | OfficerTrustee | 10 | $0 |
Maya Thompson Founder | Trustee | 50 | $0 |
Stacy R Frakes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,688 |
| Total Program Service Revenue | $0 |
| Investment income | $208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,460 |
| Fees for services: Accounting | $3,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,103 |
| Information technology | $1,872 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,203 |
| All other expenses | $0 |
| Total functional expenses | $110,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,542 |
| Savings and temporary cash investments | $72,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $713,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $713,170 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $713,170 |
Grants Awarded
Over the last fiscal year, Ronan Thompson Foundation Inc has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOLVING KIDS' CANCER PURPOSE: TO FUND A CLINICAL TRIAL FOR TARGETED THERAPIES TO TREAT NEUROBLASTOMA. | $50,000 |
MISS FOUNDATION PURPOSE: TO BUILD A RESPITE CENTER ROOM AT THE SELAN HOUSE FACILITY RUN BY THE MISS FOUNDATION. | $20,000 |