Kathleen & Frank Thometz Charitable Foundation Inc
- Assets
- $599.7k
- Revenue
- $50.1k
- Investments
- $592.8k
- Employees
- 0
- Location
- River Hills, WI
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 39-1966766
Organization Overview
Kathleen & Frank Thometz Charitable Foundation Inc is located in River Hills, WI. The organization was established in 1999. 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. Kathleen & Frank Thometz Charitable Foundation Inc 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, Kathleen & Frank Thometz Charitable Foundation Inc generated $50.1k 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 (11.2%) each year. All expenses for the organization totaled $64.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kathleen & Frank Thometz Charitable Foundation Inc has awarded 268 individual grants totaling $481,715. 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 |
|---|---|---|---|
Frank Thometz President & Treasurer | 1 | $0 | |
Kathleen Thometz Vice President & Secretary | 1 | $0 | |
Michael D Thometz Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,385 |
| Capital Gain Net Income | $15,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,844 |
| Total Revenue | $50,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $2,219 |
| Contributions, gifts, grants paid | $62,020 |
| Total expenses and disbursements | $64,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,900 |
| 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 | $563,135 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $599,653 |
| 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 | $40,756 |
| Total liabilities | $40,756 |
Grants Awarded
Over the last fiscal year, Kathleen & Frank Thometz Charitable Foundation Inc has awarded $62,020 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB PURPOSE: FOR BENEFIT OF THE COMMUNITY | $1,500 |
MILWAUKEE RESCUE MISSION PURPOSE: SUPPORT OF FURNISHING NEEDS TO THE LESS FORTUNATE | $1,500 |
MILWAUKEE BALLET PURPOSE: SUPPORT OF THE FINE ARTS | $5,000 |
MILWAUKEE ART MUSEUM PURPOSE: HELP SUPPORT THE COST OF THE ART EXHIBITS | $3,500 |
RIVER HILLS FOUNDATION PURPOSE: SUPPORT TO IMPROVE THE QUALITY OF LIFE AND BEAUTIFICATION OF THE COMMUNITY | $2,350 |
MILWAUKEE SYMPHONY ORCHESTRA PURPOSE: SUPPORT OF THE FINE ARTS | $5,000 |