Thurston Foundation Inc
- Assets
- $18.1m
- Revenue
- -$166.7k
- Investments
- $17.3m
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 35-1754670
Organization Overview
Thurston Foundation Inc is located in Carmel, IN. The organization was established in 1989. 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. Thurston 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.
Since 2019, Thurston Foundation Inc has awarded 104 individual grants totaling $1,425,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Thurston Roberts President | 10 | $13,000 | |
Tim Thurston Director | 1 | $0 | |
Jim Thurston Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,847 |
| Interest on Savings | $97,785 |
| Dividends & Interest | $159,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$594,804 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $167,245 |
| Total Revenue | -$166,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $788 |
| Printing and publications | $0 |
| Other expenses | $8,711 |
| Total operating and administrative expenses | $168,809 |
| Contributions, gifts, grants paid | $811,000 |
| Total expenses and disbursements | $979,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $722,315 |
| 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 | $4,920,083 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,047 |
| Total assets | $18,073,246 |
| Accounts payable and accrued expenses | $456 |
| 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 | $456 |
Grants Awarded
Over the last fiscal year, Thurston Foundation Inc has awarded $811,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
WESTMINSTER NEIGHBORHOOD SERVICES PURPOSE: GENERAL SUPPORT | $15,000 |
INDIANA TROOPERS YOUTH SERVICES PURPOSE: YOUTH SUMMER CAMP | $10,000 |
SERVANTS AT WORK PURPOSE: GENERAL SUPPORT | $55,000 |
ST LUKE'S UMC PURPOSE: YOUTH EDUCATIONAL PROGRAM | $15,000 |
DREAM ALIVE PURPOSE: YOUTH PROGRAMING | $20,000 |
SHEPHERD COMMUNITY CENTER PURPOSE: EDUCATION | $35,000 |