Carl And Marilynn Thoma Art Foundation
- Assets
- $0.0
- Revenue
- $36.4m
- Investments
- $195.2m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 10/2014
- Data as of
- 12/2020
- EIN
- 46-5446388
Organization Overview
Carl And Marilynn Thoma Art Foundation is located in Santa Fe, NM. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Carl And Marilynn Thoma Art 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 12/2020, Carl And Marilynn Thoma Art Foundation generated $36.4m 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 (12.5%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Carl And Marilynn Thoma Art Foundation has awarded 131 individual grants totaling $21,405,352. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROMOTE THE STUDY, UNDERSTANDING AND ENJOYMENT OF VISUAL ARTS. ACTIVITIES INCLUDE ORGANIZING (CONTINUED ON FOOTNOTE 1)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Weinstein Collections Manager | 40 | $68,000 | |
Jason Foumberg Curator, Digital Art | 24 | $58,657 | |
Kathryn Santner Curatorial Fellow | 40 | $55,000 | |
Kathleen Richards Art Space Director | 40 | $53,301 | |
Carl D Thoma President | 5 | $0 | |
Marilynn J Thoma Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,503,768 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,082,714 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,422,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $72,243 |
| Depreciation | $100,900 |
| Occupancy | $70,596 |
| Travel, conferences, and meetings | $64,219 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,592,792 |
| Contributions, gifts, grants paid | $2,674,253 |
| Total expenses and disbursements | $5,267,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,358 |
| Investments—mortgage loans | $0 |
| Investments—other | $193,960,381 |
| Other assets | $28,339,896 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $68,228 |
Grants Awarded
Over the last fiscal year, Carl And Marilynn Thoma Art Foundation has awarded $17,797,009 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB DONOR ADVISED FUND PURPOSE: PROMOTION OF VISUAL ARTS | $12,176,953 |
AMARILLO COLLEGE PURPOSE: GENERAL SUPPORT | $700,000 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL SUPPORT | $553,645 |
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL SUPPORT | $500,000 |
AMARILLO COLLEGE PURPOSE: GENERAL SUPPORT | $300,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carl And Marilynn Thoma Art Foundation has recieved totaling $199,500.
| Awarding Organization | Amount |
|---|---|
Frederick Hammersley Foundation Corrales, NM PURPOSE: TO MAKE HAMMERSLEYS WORK ACCESSIBLE TO GENERAL PUBLIC | $199,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |