Thomson Charitable Foundation
- Assets
- $2.5m
- Revenue
- $54.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Cresco, IA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 42-1497057
Organization Overview
Thomson Charitable Foundation is located in Cresco, IA. The organization was established in 2000. 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. Thomson Charitable 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 12/2022, Thomson Charitable Foundation generated $54.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $60.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomson Charitable Foundation has awarded 137 individual grants totaling $649,377. 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 S Thomson Director/president/treasurer | 0.05 | $0 | |
Stephanie C Thomson Director/secretary | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,217 |
| Capital Gain Net Income | $12,217 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,232 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $856 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,638 |
| Contributions, gifts, grants paid | $43,582 |
| Total expenses and disbursements | $60,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,161 |
| Savings and temporary cash investments | $492,225 |
| 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 | $100 |
| Total assets | $2,512,973 |
| 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, Thomson Charitable Foundation has awarded $43,582 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION INTERNATIONAL PURPOSE: DONATION TOWARDS RELEASING CHILDREN FROM POVERTY IN JESUS'S NAME | $456 |
IOWA STATE UNIVERSITY FOUNDATION PURPOSE: DONATION TOWARDS INTERN FOR NORMAN BORLAUG | $7,000 |
OAKLAWN CEMETERY ASS OF CRESCO IA PURPOSE: DONATION TOWARDS MAINTENANCE | $1,000 |
NORTHEAST IOWA COMMUNTY ACTION CORP PURPOSE: GROCERY STORE COUPONS FOR LOW INCOM | $660 |
OPPURTUNITY HOMES PURPOSE: DONATION TO PROGRAMS FOR PEOPLE WITH SPECIAL NEEDS | $1,000 |
CRICCET PICKLEBALL PURPOSE: DONATION TO COMMUITY PICKLEBALL COURT | $10,000 |