Richard K Thompson Foundation

Organization Overview

Richard K Thompson Foundation is located in Warren, MI. The organization was established in 1999. 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. Richard K Thompson 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 12/2021, Richard K Thompson Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Richard K Thompson Foundation has awarded 320 individual grants totaling $7,484,424. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Richard K Thompson
Pres/treas/secy
$0
Linda Davis
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $138
Dividends & Interest $531,069
Net Rental Income$0
Net Gain on Sale of Assets $1,363,064
Capital Gain Net Income $1,363,064
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,894,271

Grants Awarded

Over the last fiscal year, Richard K Thompson Foundation has awarded $1,835,339 in support to 56 organizations.

Grant RecipientAmount

COVENANT HOUSE MICHIGAN

Org PageRecipient Profile

Detroit, MI

PURPOSE: GENERAL SUPPORT

$200,000

CROSSROADS OF MICHIGAN

Org PageRecipient Profile

Detroit, MI

PURPOSE: GENERAL SUPPORT

$175,000

LAWRENCE TECHNOLOGICAL UNIVERSITY

Org PageRecipient Profile

Southfield, MI

PURPOSE: GENERAL SUPPORT

$150,000

FORGOTTEN HARVEST

Org PageRecipient Profile

Oak Park, MI

PURPOSE: GENERAL SUPPORT

$100,000

TURNING POINT INC

Org PageRecipient Profile

Mt Clemens, MI

PURPOSE: GENERAL SUPPORT

$100,000

STARFISH FAMILY SERVICES INC

Org PageRecipient Profile

Inkster, MI

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Profile

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