Allen And Christine B Thornton Charitable Foundation
- Assets
- $740.8k
- Revenue
- $21.6k
- Investments
- $673.0k
- Employees
- 0
- Location
- Tuscumbia, AL
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 30-0851802
Organization Overview
Allen And Christine B Thornton Charitable Foundation is located in Tuscumbia, AL. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Allen And Christine B Thornton Charitable 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, Allen And Christine B Thornton Charitable Foundation generated $21.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $76.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Allen And Christine B Thornton Charitable Foundation has awarded 25 individual grants totaling $258,000. 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.
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 |
|---|---|---|---|
Horace A Willis Trustee | 5 | $0 | |
Horace A Willis Advisory Committee Member | 2 | $5,131 | |
Peter L Paine ESQ Advisory Committee Member | 2 | $5,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $536 |
| Dividends & Interest | $13,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,795 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,597 |
| 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 | $0 |
| Total operating and administrative expenses | $21,206 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $76,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,245 |
| Savings and temporary cash investments | $30,530 |
| 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 | $3,028 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $672,988 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $740,791 |
| 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, Allen And Christine B Thornton Charitable Foundation has awarded $55,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN THORNTON CAREER TEC PURPOSE: TO ACCOMPLISH OUR CHARITABLE PURPOSE | $19,250 |
BOYDS CHAPEL UNITED METHO PURPOSE: TO ACCOMPLISH OUR CHARITABLE PURPOSE | $5,500 |
NORTHWOOD UNITED METHODIS PURPOSE: TO ACCOMPLISH OUR CHARITABLE PURPOSE | $19,250 |
GREENHILL UNITED METHODIS PURPOSE: TO ACCOMPLISH OUR CHARITABLE PURPOSE | $5,500 |
UNIVERSITY OF NORTH ALABA PURPOSE: TO ACCOMPLISH OUR CHARITABLE PURPOSE | $5,500 |