Thorne Family Foundation
- Assets
- $1.0m
- Revenue
- $70.4k
- Investments
- $956.5k
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 39-1869184
Organization Overview
Thorne Family Foundation is located in Savannah, GA. The organization was established in 1997. 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. Thorne 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 12/2021, Thorne Family Foundation generated $70.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thorne Family Foundation has awarded 65 individual grants totaling $142,433. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norrita O Thorne Trustee | 1 | $0 | |
Gerald M Thorne Trustee | 1 | $0 | |
Michele H Thorne Trustee | 1 | $0 | |
Jeffrey L Thorne Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,143 |
| Capital Gain Net Income | $49,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,942 |
| Contributions, gifts, grants paid | $15,975 |
| Total expenses and disbursements | $17,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,800 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,020,305 |
| 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, Thorne Family Foundation has awarded $15,975 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MESSIAH LUTHERAN CHURCH PURPOSE: PROVIDE FINANCIAL SUPPORT FOR THE COMMUNITY TO PARTICIPATE IN RELIGIOUS ACTIVITIES. | $2,925 |
UNIV OF MADISON & OWEN QUINLAN - EVELYN THORNE SCHOLARSHIP PURPOSE: PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS | $2,000 |
UNIV OF MADISON & BRADLEY WESTON - EVELYN THORNE SCHOLARSHIP PURPOSE: PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS | $2,000 |
UNIVERSITY OF WISCONSIN COLLEGE OF ARTS & SCIENCE PURPOSE: PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS | $2,000 |
MARQUETTE UNIVERSITY & STELLA QUINLAN PURPOSE: PROVIDE FINANCIAL SUPPORT FOR SCHOLARSHIPS | $2,000 |
Green Bay, WI PURPOSE: PROVIDE FINANCAL SUPPORT FOR BRAIN DISEASES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |