Thompson Foundation
- Assets
- $5.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 38-3452577
Organization Overview
Thompson Foundation is located in Plymouth, MI. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Thompson Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 45.0% 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 2020, Thompson Foundation has awarded 22 individual grants totaling $18,738,469. 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 |
|---|---|---|---|
John G Cleary Vice-President/trustee | 40 | $284,792 | |
Cathy N Kunkel Trustee | 4 | $13,621 | |
Robert M Thompson Member/president/secretary/trustee | 4 | $0 | |
Ellen Anne Thompson Member/vice-President/trustee | 1 | $0 | |
Edward M Parks Trustee | 4 | $0 | |
Mark A Murray Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,800,000 |
| Interest on Savings | $1,048 |
| Dividends & Interest | $43,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,844,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $298,413 |
| Other employee salaries and wages | $85,054 |
| Pension plans, employee benefits | $61,704 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $5,089 |
| Occupancy | $12,894 |
| Travel, conferences, and meetings | $1,135 |
| Printing and publications | $0 |
| Other expenses | $363,316 |
| Total operating and administrative expenses | $850,506 |
| Contributions, gifts, grants paid | $5,176,463 |
| Total expenses and disbursements | $6,026,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,158,940 |
| 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 | $17,810 |
| Other assets | $4,341,250 |
| Total assets | $5,518,000 |
| 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, Thompson Foundation has awarded $5,176,463 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Allendale, MI PURPOSE: THOMPSON WORKING FAMILY SCHOLARS PROGRAM FUND | $3,300,000 |
University Center, MI PURPOSE: THOMPSON WORKING FAMILY SCHOLARS PROGRAM FUND | $1,235,016 |
FERRIS STATE UNIVERSITY PURPOSE: THOMPSON WORKING FAMILY SCHOLARS PROGRAM FUND | $267,500 |
Houghton, MI PURPOSE: THOMPSON WORKING FAMILY SCHOLARS PROGRAM FUND | $107,500 |
Manchester, MI PURPOSE: WORKING FAMILIES SCHOLARSHIP (GAP) | $75,747 |
Allendale, MI PURPOSE: THOMPSON FOUNDATION UPREP AWARD | $70,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |