Thrush-Thompson Foundation Inc
- Assets
- $4.9m
- Revenue
- $994.6k
- Investments
- $4.7m
- Employees
- 0
- Location
- Westfield, IN
- Founding
- 04/2001
- Data as of
- 07/2024
- EIN
- 35-2133120
Organization Overview
Thrush-Thompson Foundation Inc is located in Westfield, IN. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thrush-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 07/2024, Thrush-Thompson Foundation Inc generated $994.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $514.6k during the year ending 07/2024. While expenses have increased by 4.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thrush-Thompson Foundation Inc has awarded 110 individual grants totaling $1,625,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOESN'T DIRECTLY PARTICIPATE IN CHARITABLE ACTIVITIES. THE ACTIVITIES OF THE DIRECTORS ARE LIMITED TO THE ADMINISTRATION OF THE GRANTS TO QUALIFIED 501C3 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley T Thompson Secretary | 3 | $15,000 | |
Stuart K Thompson Vice President | 3 | $15,000 | |
Steven S Thompson President & Treasurer | 3 | $15,000 | |
Sterling A Thompson Vice President | 3 | $15,000 | |
Scott A Thompson Vice President | 3 | $15,000 | |
Tyler K Thompson Director | 3 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $195,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $799,399 |
| Capital Gain Net Income | $799,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $994,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,122 |
| Printing and publications | $0 |
| Other expenses | $2,015 |
| Total operating and administrative expenses | $115,637 |
| Contributions, gifts, grants paid | $399,000 |
| Total expenses and disbursements | $514,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,137 |
| 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 | $4,862,306 |
| 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, Thrush-Thompson Foundation Inc has awarded $399,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BREAD OF LIFE MINISTRIES OF INDPLS PURPOSE: UNRESTRICTED | $5,000 |
CAPITAL DISTRICT CHRISTIAN MEN FEL PURPOSE: UNRESTRICTED | $10,000 |
CORNERSTONE LUTHERAN CHURCH PURPOSE: UNRESTRICTED | $73,000 |
CHRIST HEALTH CENTER INC PURPOSE: UNRESTRICTED | $5,000 |
FIRST LIGHT COMMUNITY OF MOBILE INC PURPOSE: UNRESTRICTED | $38,000 |
FOUNDATION FOR LUTHERAN FAMILY CHIL PURPOSE: UNRESTRICTED | $10,500 |