Mike Thompsons Charities
- Assets
- $121.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe Springs, CA
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-5312257
Organization Overview
Mike Thompsons Charities is located in Santa Fe Springs, CA. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mike Thompsons Charities 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, Mike Thompsons Charities generated $49.9k 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 (14.1%) each year. All expenses for the organization totaled $22.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (28.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MIKE THOMPSONS CHARITIES (MTC) IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR OTHERS AT A LOCAL, STATE AND NATIONAL LEVEL. THE BENEFICIARIES OF OUR GRANTS ARE ALL 501(C)(3) CHARITIES. THESE GRANTS ARE MADE POSSIBLE THROUGH CONTRIBUTIONS FROM OUR GENEROUS INDUSTRY PARTNERS, FRIENDS, AND EMPLOYEES OF MIKE THOMPSONS RV VIA SPONSORSHIPS AND REGISTRATION FEES FROM OUR ANNUAL GOLF TOURNAMENT, WHICH IS OUR MAIN PROGRAM SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Rosenbaum President | 0.5 | $0 | |
Michael Ancich Vice President | 1 | $0 | |
Veasna Duong Treasurer | 0.5 | $0 | |
Skip Sorenson CFO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,374 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,450 |
| Other Revenue | $0 |
| Total Revenue | $49,924 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $22,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,172 |
| Other assets | $0 |
| Total assets | $121,172 |
| Total liabilities | $0 |
| Net assets or fund balances | $121,172 |