Tholos Foundation
- Assets
- $3.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 52-1400492
Organization Overview
Tholos Foundation is located in Washington, DC. The organization was established in 1985. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tholos 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 12/2023, Tholos Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 14.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC RESEARCH AND FISCAL POLICY ANALYSIS- SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: OUTREACH EFFORTS TO EDUCATE TAXPAYERS ON THE TRUE CAUSES AND EFFECTS OF LEGISLATION AND REGULATORY AFFAIRS.
EVENTS: THROUGHOUT THE YEAR, THOLOS HOSTS A MULTITUDE OF PRESS CONFERENCES, MEETINGS, AND SPECIAL EVENTS HIGHLIGHTING THE YEAR'S WORK.
PUBLICATIONS: THOLOS PUBLISHES THE INTERNATIONAL PROPERTY RIGHTS INDEX, TRADE BARRIER INDEX, AND OTHER VARIOUS REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grover Norquist President | OfficerTrustee | 16 | $100,000 |
Peter Balkin Vice President | OfficerTrustee | 20 | $0 |
Mark Klugmann Board Member | Trustee | 1 | $0 |
Paul Smith Board Member | Trustee | 1 | $0 |
Caren Toloczko Board Member | Trustee | 1 | $0 |
Megan Worley Vice President Of Finance | Officer | 20 | $48,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,638,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,638,635 |
| Total Program Service Revenue | $100 |
| Investment income | $108,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,746,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,151 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $361,057 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,872 |
| Compensation of current officers, directors, key employees. | $19,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,523,286 |
| Pension plan accruals and contributions | $35,937 |
| Other employee benefits | $80,682 |
| Payroll taxes | $121,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,188 |
| Fees for services: Accounting | $31,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $450 |
| Fees for services: Other | $640,959 |
| Advertising and promotion | $110,076 |
| Office expenses | $323,833 |
| Information technology | $19,044 |
| Royalties | $0 |
| Occupancy | $639,141 |
| Travel | $505,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,208 |
| Insurance | $13,427 |
| All other expenses | $0 |
| Total functional expenses | $4,978,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,114 |
| Savings and temporary cash investments | $3,261,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,563 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $186,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,468,200 |
| Accounts payable and accrued expenses | $50,658 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,853,496 |
| Total liabilities | $20,904,154 |
| Net assets without donor restrictions | -$17,435,954 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,468,200 |
Grants Awarded
Over the last fiscal year, Tholos Foundation has awarded $30,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL FREEDOM EDUCATIONAL FOUNDATION PURPOSE: General support | $20,500 |
ATLAS NETWORK PURPOSE: General support and event sponsorship | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tholos Foundation Washington, DC | $3,468,200 | $2,746,957 |
United Service Organizations Inc Norfolk, VA | $0 | $1,039,563 |
New Markets Tax Credit Coalition Washington, DC | $534,532 | $867,475 |
Adc Research Institute Washington, DC | $307,295 | $551,455 |
World Wide Web Foundation Washington, DC | $928,010 | $1,535,471 |
Baltimore County Inaugural Inc Pikesville, MD | $20,207 | $160,000 |
Cultivate The Karass Arlington, VA | $27,577 | $0 |
So Md Vacation For Vets California, MD | $45,325 | $40,740 |
Tei Education Fund Washington, DC | $112,024 | $0 |
Associates For Renewal In Education Washington, DC | $441,939 | $0 |
Beyond Baskets Glen Allen, VA | $100 | $0 |