James W Thornton Family Foundation
- Assets
- $142.6k
- Revenue
- $8.6k
- Investments
- $138.6k
- Employees
- 0
- Location
- Michigan City, IN
- Founding
- 12/1987
- Data as of
- 01/2024
- EIN
- 37-1221883
Organization Overview
James W Thornton Family Foundation is located in Michigan City, IN. The organization was established in 1987. 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. James W Thornton Family 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 01/2024, James W Thornton Family Foundation generated $8.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $9.4k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary A Thornton President/treasurer | 0 | $0 | |
George A Thornton Vice President | 0 | $0 | |
Belinda L Thornton Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $5,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,939 |
| Capital Gain Net Income | $2,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $852 |
| Contributions, gifts, grants paid | $8,575 |
| Total expenses and disbursements | $9,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,979 |
| 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 | $138,598 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $142,577 |
| 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, James W Thornton Family Foundation has awarded $8,575 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL AUDUBON SOCIETY PURPOSE: GENERAL PURPOSE | $207 |
MUSIC OF THE BAROQUE PURPOSE: GENERAL PURPOSE | $1,000 |
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSE | $308 |
SALVATION ARMY PURPOSE: GENERAL PURPOSE | $2,000 |
DENISON UNIVERSITY ANNUAL FUND PURPOSE: GENERAL PURPOSE | $200 |
THE ETHEL WALKER SCHOOL PURPOSE: GENERAL PURPOSE | $600 |