Thorson Foundation
- Assets
- $2.3m
- Revenue
- $102.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Po Box Chi, IL
- Founding
- 12/1957
- Data as of
- 12/2023
- EIN
- 36-6051916
Organization Overview
Thorson Foundation is located in Po Box Chi, IL. The organization was established in 1957. 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. Thorson 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, Thorson Foundation generated $102.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $195.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Thorson Foundation has awarded 52 individual grants totaling $158,500. 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 |
|---|---|---|---|
Donald Thorson Secy/treas | 3 | $0 | |
Dana Deangelis President | 30 | $4,000 | |
Andrew Foord Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,332 |
| Capital Gain Net Income | $5,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $37,402 |
| Contributions, gifts, grants paid | $158,500 |
| Total expenses and disbursements | $195,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,931 |
| 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 | $46,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,311,258 |
| 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, Thorson Foundation has awarded $158,500 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY ANNUAL FUND PURPOSE: GENERAL | $700 |
FORDHAM UNIVERSITY PURPOSE: GENERAL | $600 |
LANDS SAKE FARM PURPOSE: GENERAL | $4,000 |
THE AMERICAN LEGION PURPOSE: GENERAL | $6,000 |
ACCA INC PURPOSE: GENERAL | $14,000 |
CAL RIPKEN SR FOUNDATION PURPOSE: GENERAL | $2,000 |