Carl And Marilynn Thoma
- Assets
- $1.1b
- Revenue
- $156.8m
- Investments
- $777.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 46-5446388
Organization Overview
Carl And Marilynn Thoma is located in Dallas, TX. 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 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, Carl And Marilynn Thoma generated $156.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $44.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Carl And Marilynn Thoma has awarded 228 individual grants totaling $82,564,520. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION PROMOTES THE STUDY, UNDERSTANDING AND ENJOYMENT OF ALL FORMS OF THE ARTS THROUGH VARIOUS ACTIVITIES, INCLUDING BUT NOT LIMITED TO ORGANIZING PUBLIC EXHIBITIONS OF ARTWORK (INCLUDING ITS OWN), INDEPENDENTLY OR IN COLLABORATION WITH GALLERIES, MUSEUMS OR OTHER ORGANIZATIONS; LENDING ITS ARTWORK TO MUSEUMS AND OTHER INSTITUTIONS FOR PUBLIC DISPLAY AND PRIVATE STUDY; FUNDING GRANTS OR SCHOLARSHIPS FOR STUDY AND RESEARCH IN THE FIELD OF ART; AND CONDUCTING EDUCATIONAL PROGRAMS SUCH AS LECTURES OR SYMPOSIA THAT PROVIDE OPPORTUNITIES FOR DISCOURSE AND ENGAGEMENT WITH ARTWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl D Thoma President | 5 | $0 | |
Marilynn J Thoma VP & Treasurer | 5 | $0 | |
Gary S Hart Secretary | 5 | $0 | |
Margo E Thoma Director | 1 | $0 | |
Mark D Thoma Director | 1 | $0 | |
Holly Harrison Director Of The Foun | 40 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,569,673 |
| Interest on Savings | $687,631 |
| Dividends & Interest | $13,187,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,292,947 |
| Capital Gain Net Income | $51,292,947 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,028,213 |
| Total Revenue | $156,765,718 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $490,045 |
| Pension plans, employee benefits | $64,245 |
| Interest | $0 |
| Taxes | $5,562,275 |
| Depreciation | $204,801 |
| Occupancy | $229,214 |
| Travel, conferences, and meetings | $501,031 |
| Printing and publications | $0 |
| Other expenses | $443,081 |
| Total operating and administrative expenses | $7,642,566 |
| Contributions, gifts, grants paid | $36,707,186 |
| Total expenses and disbursements | $44,349,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,393,957 |
| Savings and temporary cash investments | $222,072,928 |
| Net Accounts receivable | $3,162 |
| 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 | $10,299 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $748,721,791 |
| Net Land, buildings, and equipment | $4,346,642 |
| Other assets | $42,235,938 |
| Total assets | $1,091,595,718 |
| Accounts payable and accrued expenses | $53,717 |
| Grants payable | $1,332,900 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $327,873 |
| Total liabilities | $1,714,490 |
Grants Awarded
Over the last fiscal year, Carl And Marilynn Thoma has awarded $36,707,186 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL SUPPORT | $100,000 |
BLANTON MUSEUM OF ART PURPOSE: ANNUAL LEADERSHIP BOARD CONTRIB | $26,874 |
ASSOCIATION FOR LATIN AMERICAN ART PURPOSE: GENERAL SUPPORT | $2,000 |
AUTRY MUSEUM OF THE AMERICAN WEST PURPOSE: GRANT FOR INDIGENOUS FUTURES EXHIBIT | $25,000 |
CAMILA MIRAVALLES PURPOSE: GENERAL SUPPORT | $5,000 |
CARMEN FERNANDEZ-SALVADOR PURPOSE: ANNUAL HONORARIUM: 2022 | $2,000 |