Carl And Elinor Glyn Thom Charitable Foundation
- Assets
- $824.7k
- Revenue
- $20.8k
- Investments
- $816.1k
- Employees
- 0
- Location
- Troy, MI
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 38-3105784
Organization Overview
Carl And Elinor Glyn Thom Charitable Foundation is located in Troy, MI. The organization was established in 1994. 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. Carl And Elinor Glyn Thom 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 12/2022, Carl And Elinor Glyn Thom Charitable Foundation generated $20.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $78.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carl And Elinor Glyn Thom Charitable Foundation has awarded 112 individual grants totaling $299,350. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSES SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Thom Director | 5 | $25,000 | |
Austin Thom Director | 1 | $0 | |
Cynthia Steffani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,861 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,962 |
| Capital Gain Net Income | $1,962 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,913 |
| Interest | $0 |
| Taxes | $1,214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103 |
| Total operating and administrative expenses | $32,880 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $78,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,659 |
| 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 | $816,052 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $824,711 |
| 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, Carl And Elinor Glyn Thom Charitable Foundation has awarded $46,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DAWN FARM PURPOSE: DISTRUTION TO A QUALIFIED CHARITY | $5,000 |
CRANBROOK SCHOOLS PURPOSE: SCHOLARSHIP | $2,500 |
CRANBROOK SCHOOLS PURPOSE: DISTRIBUTION TO A QUALIFIED CHARITY | $1,000 |
HELPING HAND HOME PURPOSE: DISTRIBUTION TO A QUALIFIED CHARITY | $5,000 |
MD ANDERSON CANCER CENTER PURPOSE: DISTRIBUTION TO A QUALIFIED CHARITY | $1,000 |
MEALS ON WHEELS CENTAL TEXAS PURPOSE: DISTRIBUTION TO A QUALIFIED CHARITY | $4,000 |