George & Louise Thornton Charitable Foundation
- Assets
- $956.3k
- Revenue
- $49.3k
- Investments
- $935.0k
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 43-1525102
Organization Overview
George & Louise Thornton Charitable Foundation is located in Loveland, CO. The organization was established in 1990. 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. George & Louise Thornton 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 12/2021, George & Louise Thornton Charitable Foundation generated $49.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $58.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George & Louise Thornton Charitable Foundation has awarded 196 individual grants totaling $418,302. 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 |
|---|---|---|---|
Louise F Thornton President | 1 | $0 | |
James A Cherry Director | 1 | $0 | |
Charles L Thornton Director | 1 | $0 | |
Julia T Cherry Foundation Mgr. | 4 | $0 | |
George C Thornton Director | 1 | $0 | |
Lara T Tabola Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,302 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,455 |
| Total Revenue | $49,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,012 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,234 |
| Total operating and administrative expenses | $13,791 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $58,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,883 |
| 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 | $935,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,360 |
| Total assets | $956,259 |
| 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, George & Louise Thornton Charitable Foundation has awarded $45,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, TX PURPOSE: GENERAL FUND | $5,000 |
Fort Collins, CO PURPOSE: GENERAL FUND | $5,000 |
POUDRE HIGH SCHOOL PURPOSE: GED ASSISTANCE AND IB DIGITAL THEATRE | $5,000 |
CHEROKEE TRAIL HIGH SCHOOL PURPOSE: HIGH SCHOOL GIRL'S SOFTBALL & BOY'S BASEBALL TEAMS | $3,000 |
GREAT FALLS FOUNDATION PURPOSE: GENERAL FUND | $3,000 |
Bowling Green, OH PURPOSE: SCHOLARSHIP FUND | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
A W Baldwin Charitable Foundation Inc Leawood, KS | $13,708,852 | $4,775,692 |
Simone Charitable Foundation Inc Scottsdale, AZ | $116,213,813 | $7,192,727 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |