Thompson Foundation
- Assets
- $5.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 05/1999
- Data as of
- 12/2023
- 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 12/2023, Thompson Foundation generated $3.5m 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 (6.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thompson Foundation has awarded 39 individual grants totaling $25,333,005. 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 |
|---|---|---|---|
Robert M Thompson Member/president/secretary/trustee | 4 | $0 | |
Ellen Anne Thompson Member/vice-President/trustee | 1 | $0 | |
Mark A Murray Trustee | 4 | $0 | |
Joseph A Aristeo Trustee | 4 | $0 | |
John G Cleary Vice-President/trustee | 40 | $319,667 | |
Brian J Cooney Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,400,000 |
| Interest on Savings | $20,856 |
| 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 | $3,464,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $333,501 |
| Other employee salaries and wages | $155,572 |
| Pension plans, employee benefits | $70,671 |
| Interest | $0 |
| Taxes | $494 |
| Depreciation | $5,089 |
| Occupancy | $15,893 |
| Travel, conferences, and meetings | $4,653 |
| Printing and publications | $0 |
| Other expenses | $62,380 |
| Total operating and administrative expenses | $671,728 |
| Contributions, gifts, grants paid | $2,735,167 |
| Total expenses and disbursements | $3,406,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,200,216 |
| 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 | $7,632 |
| Other assets | $4,341,250 |
| Total assets | $5,549,098 |
| 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 $2,735,167 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FERRIS STATE UNIVERSITY PURPOSE: THOMPSON WORKING FAMILIES SCHOLARSHIP PROGRAM | $35,000 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: THOMPSON WORKING FAMILIES SCHOLARSHIP PROGRAM | $1,210,000 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: THOMPSON FOUNDATION UPREP AWARD | $28,000 |
MAPSA FOUNDATION PURPOSE: CHARTER SCHOOL SUPPORT | $500 |
MICHIGAN TECH FUND PURPOSE: THOMPSON WORKING FAMILIES SCHOLARSHIP PROGRAM | $896,500 |
SAGINAW VALLEY STATE UNIVERSITY FOUNDATION PURPOSE: THOMPSON WORKING FAMILIES SCHOLARSHIP PROGRAM | $565,167 |